LKQ Corporation : A company that mines value from junk cars

v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} LKQ (NASDAQ : LKQ) buys junk cars and sells parts for repairs. These refurbished parts can cost 25% to 50% less than newly manufactured ones. Insurers have increasingly turned to refurbished parts to reduce their repair costs following collisions. LKQ's vast...

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SENSEX

The S&P BSE Sensex gained as much as 157 points to end at its fresh record closing high of 26,560.15 on Wednesday. Across-the-board gains were also seen on continued foreign funds inflows amid investors churning portfolios ahead of monthly expiry in equity derivatives tomorrow, say brokers.  A rally in the Asian markets on upbeat US economic data and easing crude oil price also buoyed market sentiment.  The prospect of further...

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Gold: Declines to a Two-Month Low on Fed Rate Outlook

Gold fell to a two-month low in the longest run of declines since June in London on the outlook for higher U.S. interest rates that strengthened the dollar. Platinum headed for the longest run of losses in 27 years. Many U.S. policy makers raised the possibility they may boost rates sooner than anticipated, minutes of the Fed’s July meeting showed yesterday. The dollar climbed against 10 major currencies after the minutes, and was little changed...

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BMW: Highest profitability from car making in three years

Bayerische Motoren Werke AG, the world’s biggest manufacturer of luxury autos, reported its highest profitability from car making in three years as the X5 sport-utility vehicle won customers and demand rose in China. Second-quarter earnings before interest and taxes at the auto unit widened to 11.7 percent of sales from 9.6 percent a year earlier, Munich-based BMW said today in a statement. The margin was the highest since the third quarter...

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EU & US Impose Sanctions on Russia

Russia responded angrily on Saturday to additional sanctions imposed by EU, mentioning that they would hamper cooperation on security issues and undermine the fight against terrorism and organized crime. EU reached an agreement on Friday to impose economic sanctions for the first time on Russia, over its behavior in Ukraine. Also, it imposed travel bans and asset freezes on the chiefs of Russia's FSB security service and foreign intelligence...

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RBS First-Half Profit Doubles.

The stock jumped as much as 15 percent, its biggest intraday gain since October 2011. Royal Bank of Scotland Group Plc (RBS) said pretax profit almost doubled in the first half and forecast that it will meet a target to cut costs by 1 billion pounds ($1.7 billion) in 2014.  Pretax profit at Britain’s largest state-owned lender may have increased to 2.65 billion pounds from 1.37 billion pounds a year earlier, RBS said in a statement today....

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India’s Rupee Rises as Monsoon Revival Tempers Inflation

India’s rupee strengthened the most in more than a week as a pickup in seasonal rainfall tempered concern inflation will accelerate. The deficit in the June-September monsoon, which accounts for more than 70 percent of India’s annual rainfall, has narrowed to 27 percent of the 50-year average, the weather department said yesterday. The gap was 43 percent on July 11. Gains in India’s consumer-price index slowed to 7.31 percent in June, the least...

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