Car company with major Huntsville ties tops stock report

The star of our Huntsville and Alabama Stock Report on Wednesday was Toyota, which jumped on reports of its July-September profit increasing nearly threefold from a year ago.

The Japanese company with major local ties jumped $10.60 a share, or 6.1%, to close at $185.78, a little less than $10 off a 52-week high. Toyota Alabama was established in Huntsville in 2001 and started production in 2003. Over the past 20 years, the plant has had eight major investments, including six building expansions. Today, it produces approximately 3,000 engines each day for the RAV4, Corolla, Corolla Cross, Tacoma, Sequoia, Highlander, Sienna and Tundra. Toyota Alabama directly employees 2,000 and represents a $1.5 billion investment.Later this fall, Toyota Alabama will begin production on the new 2.

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Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest ratesAsian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.
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