Sector Update: Consumer

By
A A A

Consumer shares are heavy in pre-bell trading, down with the broader stock market on debt ceiling woes.

In consumer stocks news, Jamba, Inc. ( JMBA ) disclosed in a regulatory filing late Friday that Bruce Schroder has resigned as the company's chief operating officer, effective immediately.

With Schroder's departure, the company appointed Chris Beeson to be senior vice president of store operations, with responsibility for both company and franchise stores. JMBA is steady at $11.49, having closed up 4.5% on Friday.

And, General Motors ( GM ) is opening its $200 million metal plant in Texas today, the Wall Street Journal reports. The plant is projected to save the company $40 million per year and is part of a broader plan to close the company's profit margin gap to rival Ford Motor Co. ( F ).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: F , GM , JMBA

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

The Pumpkin Carvers
The Pumpkin Carvers                 

Stocks

Referenced

83%
58%
100%

Most Active by Volume

73,006,492
  • $97.575 ▲ 3.01%
42,297,376
  • $70.9025 ▲ 2.36%
42,137,596
  • $44.88 ▲ 0.11%
35,970,900
  • $15.535 ▲ 0.10%
30,246,253
  • $22.49 ▼ 9.39%
29,323,718
  • $28.68 ▲ 0.56%
29,085,474
  • $3.445 ▼ 1.01%
28,895,503
  • $10.9699 ▲ 11.37%
As of 7/23/2014, 02:36 PM