AutoNation Acquires 6.1% Ownership Stake In TrueCar
(RTTNews) - Automotive retailer AutoNation, Inc. (AN) announced Tuesday its acquisition of an approximately 6.1% minority ownership stake in TrueCar, Inc. (TRUE), a leading automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of Certified Dealers.
AutoNation's decision to invest in TrueCar signals the company's continued commitment to emerging technologies and its constant focus on providing peerless Customer experiences.
TrueCar provides an end-to-end, transparent and efficient way for consumers to navigate the car-buying journey.
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AutoNation Q4 Results Top Estimates
Automotive retailer AutoNation, Inc. reported on Friday that profit for the fourth quarter declined 26 percent from last year, hurt by higher costs and expenses, despite 2 percent revenue growth. However, adjusted earnings per share and quarterly revenues topped analysts' expectations.
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La Fiesta Brand Bread Crumbs Recalled For Undeclared Sesame
La Mirada, California-based La Fiesta Food Products, LLC, is recalling 8 oz packages of La Fiesta brand unseasoned and seasoned bread crumbs citing the presence of undeclared sesame, a known allergen, according to the U.S. Food and Drug Administration.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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European Economic News Preview: German GfK Consumer Confidence Due
Consumer confidence from Germany and monetary aggregates from the euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research GfK publishes German consumer sentiment survey results. The forward-looking consumer sentiment index is expected to rise to -20.5 in February from -21.3 in January.
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European Shares To Open Higher As Investors Await Cues On Fed's Policy Path
European stocks are seen opening a tad higher on Wednesday as investors look ahead to the Federal Reserve's monetary policy announcement due later in the day.
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Australia Inflation Softens In December
Australia's consumer price inflation eased in December to the lowest since early 2021 on falling electricity and auto fuel prices, the Australian Bureau of Statistics reported Wednesday. Consumer prices logged an annual increase of 2.4 percent in the December quarter, following a 2.8 percent rise in the preceding period. This was the lowest rate since March 2021.
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Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline
Indian shares were modestly higher on Wednesday, tracking firm cues from global markets and amid hopes for a rate cut by the RBI next week.
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Asian Markets Mostly Higher In Holiday Trade
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, with most of the major markets in the region including China, Hong Kong, Singapore and South Korea closed for Lunar New Year holidays. Traders remain cautious ahead of the US Fed's interest rate decision later in the day. Asian markets closed mostly lower on Tuesday.
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