Ford is recalling around 550,000 cars and SUVs in North America because of an issue that can cause vehicles to unexpectedly roll away. The recall covers some 2013 through 2016 Fusion sedans and 2013 and 2014 Escape. According to the company a bushing that attaches the shifter cable to the transmission can fall causing the driver to not know what gear the vehicle is in. This could lead to vehicles rolling away unexpectedly. Owners will be notified by July 30 and dealers will replace the shifter at no cost.
Shares of Papa John’s pizza soared on Wednesday after it was reported the company had been in merger talks with Wendy’s. The talks occurred before Chairman John Schnatter resigned last week after making a racial slur on a conference call. The talks were preliminary in nature and have now cooled off. Shares of Papa John’s rose 4% to close at $53.60.
Asia: Asian shares closed lower on Thursday despite a positive handoff from Wall Street.
Europe: European stocks closed higher on Wednesday, lead by a rally in the tech sector.
U.S: U.S shares closed higher on Wednesday after a wave of positive earnings reports. DJIA: +79.40 25,199.29 NASDAQ: – 0.67 7854.44 S&P: + 6.07 2815,62
Word of The Day:
Liquidity Coverage Ratio (LCR)
Refers to the highly liquid assets held by financial institutions in order to meet their short-term obligations. The ration is designed to help ensure financial institutions have the necessary assets on hand to ride out short-term liquidity disruptions.
Dinner or Drink:
Limoncello Citrus Sangria
1 Pink Grapefruit
750 ml bottle chilled white wine (I used Sauvignon Blanc)
1½ cups Limoncello
3 cups sparkling water or sparkling wine
Clean the orange, grapefruit and lemons thoroughly then cut into ¼ inch thick slices.
In a large pitcher combine white wine, sliced citrus and limoncello. Refrigerate at least 4 hours or overnight.
When ready to serve, stir in the sparking sparkling water (or sparkling wine). Pour into individual glasses. If desired, garnish glasses with sliced fruit from the pitcher.