The following is a round-up of news likely to affect stock prices today:
Ford Motor Co. (F) made $2.7 billion in 2009, its first annual profit in four years. Cost-cutting measures, debt reduction and customers' appreciation of the fact that the company managed affairs on its own, without a bailout, were the reasons. Indeed, Ford gained market share in North and South America and Europe, despite the economic downturn. The Detroit carmaker says it expects to be profitable next year as well. Shares jumped over 3% in premarket trading.