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Business watch

Winnipeg Free Press October 27, 2011 | Anonymous Ford stock price drops DEARBORN, Mich. — Ford has generated big profits for so long that investors were bound to get spoiled.

The company reported its 10th straight quarterly profit Wednesday but its stock price fell six per cent, in large part because the carmaker decided to hold off on reinstating a dividend to stockholders. Investors were also irked by slowing growth and rising costs in the company’s third quarter. web site ford stock price today

Even though Ford earned $1.6 billion and beat expectations, investors wanted to see more the huge gains from 2010, said David Silver, an analyst with Wall Street Strategies. go to web site ford stock price today

Not guilty: ex-Sachs exec NEW YORK — A former board member of Goldman Sachs and Procter & Gamble pleaded not guilty Wednesday to federal charges accusing him of acting as “the illegal eyes and ears in the boardroom” for a friend, a billionaire hedge fund founder sentenced this month to 11 years in prison in the biggest insider trading case in history.

The case, built partially on wiretaps used for the first time in insider trading, has offered unprecedented insight into greed at the highest levels of Wall Street. The arrest of Rajat Gupta took it one step higher.

— from the news services Anonymous