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Stock Market & Financial Investment News

News Breaks
November 23, 2012
08:49 EDTALVAutoliv announces U.S. expansion plans
In addition to the recently announced new propellant factory in China, Autoliv announced it is adding a sixth processing facility at its Promontory, Utah location to meet growing demand for airbag gas generant. The new facility in Promontory will add 20% more capacity to Autolivís existing global gas generant production capabilities. Capital investment is expected to cost approximately $13M. The company also announced plans to expand its Tremonton, Utah facility to keep pace with market growth for initiators and micro gas generators used in its airbag and seatbelt products. The majority of floor space added in this $5M expansion is slated for new production lines which could supply up to 30% more capacity when the space is fully utilized. Current plans call for just two new lines to be completed in 2013 adding 10% more initiator capacity, the company said.
News For ALV From The Last 14 Days
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January 29, 2015
09:06 EDTALVOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Flextronics (FLEX), up 6%... Coach (COH), up 6.3%... Autoliv (ALV), up 4.3%... Dow Chemical (DOW), up 3.5%... Ford (F), up 0.8%. ALSO HIGHER: McDonald's (MCD), up 3% after announcing CEO change...Xencor (XNCR), up 19% after reporting results from two trials... Pluristem Therapeutics (PSTI), up 8% after providing update and outlook on trials and pipeline... Avon Products (AVP), up 2.3% after naming James Scully as CFO... Omeros (OMER), up 6% after 2.996M share spot secondary priced at $20.03. DOWN AFTER EARNINGS: Alibaba (BABA), down 8%... Qualcomm (QCOM), down 6.8%... Alexion (ALXN), down 1.1% after reporting fourth quarter results, fiscal 2015 guidance, and CEO appointment. ALSO LOWER: Yahoo (YHOO), down 7% following Alibaba earnings report... Venaxis (APPY), down 72% after its APPY1 Test was determined by the FDA to not meet the criteria for substantial equivalence.
08:16 EDTALVAutoliv: Long-term target is to reach $2B in Electronics for 2019
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08:16 EDTALVAutoliv sees Q1 organic sales to increase 3%, operating margin of 8%
The expectation for the full year is for organic sales growth of more than 6%, and an adjusted operating margin of around 9.5%. The company commented, "In 2015 we anticipate an expansion in overall operating margin despite record investments in both capital and R&D. This is made possible by our continued market leadership in passive safety. Our full year growth rate for active safety will be affected by the fact that new launches will mainly come in the later part of 2015. Our electronics margin is negatively affected by the stronger dollar."
08:15 EDTALVAutoliv reports Q4 revenue $2.35B, consensus $2.36B
Reports Q4 organic sales up more than 5%. The higher than expected sales growth came mainly from strong sales in Europe and North America.
08:10 EDTALVAutoliv management to meet with JPMorgan
Meeting to be held in Boston on February 3 hosted by JPMorgan.
January 23, 2015
06:18 EDTALVMobileye to benefit from faster AEB adoption, says Citigroup
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January 21, 2015
09:03 EDTALVAutoliv coverage assumed with a Neutral at Credit Suisse
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