Here’s Why O’Reilly Automotive TANKED 14% Among These Top Headlines
Consumers are increasingly turning to buy new cars instead of fixing up old ones, and this trend results in weak sales for May and June at O’Reilly Automotive (NASDAQ:ORLY), causing the company to lower its sales guidance for Q2; shares tank 14 percent as a result.
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Westport Innovations (NASDAQ:WPRT) and General Motors (NYSE:GM) have entered an additional agreement for a second advanced technology development program. For this new program, Westport will engineer advanced natural technology to minimize CO2 emission and maximize fuel efficiency in light-duty vehicles.
Clorox (NYSE:CLX), is straying from the beaten path followed by rivals to China, Brazil and India, and instead look for growth closer to home here in the U.S. – its CEO Don Knauss hopes to build growth around its health-care business by boosting sales to $100 million in FY2013 and $300 million by FY2017, from a base of $34 million last year.
Effective this weekend, Amazon (NASDAQ:AMZN) will start to charge sales tax on product sales in those states where it does not have a physical presence. Consumer response to the move will clarify whether giving up this key pricing advantage will affect Amazon’s sales.
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