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Ford Motor Co. (NYSE:F): GM’s (NYSE:GM) vehicle sales in the Northeast are going to be harmed by Hurricane Sandy, the automaker stated, according to Reuters. Ford expects that sales will be affected by the storm, but the company has made to attempt to measure the size or the impact currently.
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Generac Holdings Inc. (NYSE:GNRC) is significantly revising its guidance upward for the rest of 2012 as a result of the rise in demand for home standby and portable generators during Q4 due to the current major power outage activity resulting from Sandy. Full-year 2012 total net sales will likely increase in the low 40 percent range over the previous year. Because of the higher sales outlook, adjusted EBITDA for the full-year 2012 will likely see a rise in the mid 40 percent range over the previous year, an increase from the mid 30 percent growth rate that was previously expected.
Apple Inc. (NASDAQ:AAPL): Two iPhone 5 models were approved to run on China’s mobile networks, according to CNet, who cited comments from Chinese blog Sina Tech. The A 1429 model reportedly supports China Unicom’s (NYSE:CHU) 3G network and China Mobile’s (NYSE:CHL) 2G network, and the A1442 is compatible with China Telecom’s (NYSE:CHA) CDMA network.
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