Ford ( F) said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid higher costs and falling sales. The closure of the plants will mean the loss of 1,200 jobs. Ford began making cars in Australia in 1925 and is the third-largest automaker in the country. Tesla Is Just a Winning Stimulus as Fourth U.S. Automaker Emerges
Wall Street expects Sears ( SHLD) to post a first-quarter loss of 60 cents a share on sales of $8.37 billion.
Gap ( GPS) is forecast to report earnings of 69 cents a share in the first quarter on sales of $3.68 billion. Buckle Up for More Retail Earnings
Dollar Tree ( DLTR) is forecast by analysts to report on Thursday first-quarter profit of 57 cents a share on revenue of $1.87 billion.
Hormel Foods ( HRL), the maker of Spam, is expected to post fiscal second-quarter earnings of 49 cents a share on revenue of $2.19 billion.
Zumiez ( ZUMZ), the retailer of action sports apparel, is expected by Wall Street to post first-quarter earnings on Thursday of 12 cents a share.
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