Morning business headlines
Tuesday, July 02, 2013 11:03 AM
Health exchanges could help cities bail on retiree costs
Financially troubled cities such as Detroit and Chicago plan to cut health insurance benefits to their retirees who aren't old enough for Medicare, expecting that the retirees can get insurance through the government's health exchanges next year,reports Bloomberg.
Chrysler, Ford sales mirror strong U.S. auto industry
Chrysler Group LLC sales rose 8 percent in June, based on demand for its Ram truck and Jeep Cherokee, reports Reuters. And Ford Motor Co. reported an increase in car sales of 12 percent, according to MarketWatch. The U.S. auto industry has held up better than the overall economy. Easier credit availability and pent-up demand for vehicles have driven sales.
Retailers using mobile to build loyalty, not sales
A study by digital marketer EpiServer indicates that 46 percent of retailers who have a mobile marketing plan in place use it to increase customer loyalty to their brand, rather than to make sales. Transactions on smartphones aren't the primary source of sales for most retailers, reports Fox Business News.