Savings rate at highest level in a year

Date: Tue, 03 Aug 2010 12:00:57 -0400

SAVING RATE AT HIGHEST LEVEL IN A YEAR
The June incomes and spending report comes in slightly weaker than
economists had expected. Savings on the upswing. See full story.

TWO-YEAR TREASURY YIELDS FALL TO RECORD LOW
Treasury prices rose on Tuesday, pushing yields on 2-year notes to a
record low, after a published report saying the Federal Reserve may
buy more debt.

GM SALES SEE BIG REBOUND IN JULY
General Motors says combined July sales for Chevrolet, Buick, GMC and
Cadillac jumped 25%.

BMW'S QUARTERLY PROFIT SURGES ON STRONG SALES
Second-quarter profit at German car maker BMW surges and beats analyst
estimates, as the global economic recovery stimulates customers'
appetite for luxury cars.

LAWSUIT ALLEGES TOYOTA KNEW OF ACCELERATION ISSUES
A federal lawsuit reportedly alleges Toyota Motor Corp. knew its
vehicles with electronic throttles were more likely to experience
sudden acceleration that those without the system.