GM, Ford, Chrysler Top June Auto Sales Expectations
July 3 (Bloomberg) -- Bloomberg's Matt Miller reports that General Motors Co., Ford Motor Co. and Chrysler Group LLC said U.S. auto sales exceeded estimates in June as gains for the three carmakers and Nissan Motor Co. surprised analysts by surpassing projections. Ford and General Motors also announced that they expect the annual auto sales pace to exceed analyst expectations. He speaks on Bloomberg Television's "Market Makers."
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Glencore Seeks to Dig Itself Out of Debt Hole
36:58 - Glencore Plc, the miner and commodity trader run by billionaire Ivan Glasenberg, reported a 66 percent drop in first-half profit on lower raw-materials prices. Net income excluding some items in the six months to June 30 fell to $300 million from a year earlier, the Baar, Switzerland-based company said in a statement Wednesday. That compares with a $318 million average estimate of 16 analysts compiled by Vuma Consensus and posted to the mining company’s website. Net debt declined to $23.6 billion. Macquarie Global Head of Commodities Research Colin Hamilton discusses miners and commodities with Bloomberg's Anna Edwards on "Countdown."