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Life insurers drop as yields fall sharply

Shares of life insurance companies dropped sharply on Wednesday as benchmark Treasury yields headed for their biggest one-day drop in nearly four months, a bad sign for the sector.

Sonic, Asbury profit up on auto recovery

Auto dealer groups Sonic Automotive Inc and Asbury Automotive Group posted higher-than-expected quarterly profits on sales that outpaced the recovery in an industry bouncing back from the recessionary levels of 2009.

Nissan chases market share in stagnant Europe

Japanese carmaker Nissan Motor Co Ltd wants to win a 5 percent share of Europe's car market by 2014, helped by new models such as the Juke crossover and updated Micra, a senior executive said on Thursday.

AutoNation profit gains on U.S. auto recovery

AutoNation Inc , the No. 1 U.S. auto retail group, reported higher-than-expected quarterly profit as its dealerships brought in a larger share of sales in a recovering U.S. market for cars and trucks.

Renault steers investment towards emerging markets

French carmaker Renault said it would invest 5.7 billion euros ($7.89 billion) in its industrial sites and that most of this would go overseas to take advantage of growth in increasingly important emerging markets.

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