While you were sleeping: Ford Motor drops

Thu, 28 Jul 2016

By Margreet Dietz July 29 (BusinessDesk) - Wall Street was mixed amid disappointing earnings from Ford Motor and better-than-expected results from Facebook. Shares of Ford Motor sank, trading 9 percent weaker as of 2.41pm in New York, after the car maker posted disappointing results and warned that it “now sees risks challenging achieving guidance” for the full year. “The US auto market is probably levelling out,” David Whiston, an analyst for Morningstar in Chicago, who rates Ford the equivalent of a buy, told Bloomberg. “The risk is,...

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