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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:58 EDTBAMXYBMW recalls nearly 0.5M cars, WSJ says
BMW is recalling close to 0.5M cars globally due to an engine part defect, extending a repair action that began in China but led to more recalls in the U.S, according to The Wall Street Journal, citing a company spokesman. The spokesman said that cars made between September 2009 and November 2011 are affected by the defect. Reference Link
News For BAMXY From The Last 14 Days
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July 31, 2015
11:22 EDTBAMXYGerman luxury auto group close to $3B deal for Nokia's HERE, Bloomberg says
A group of German luxury car makers including BMW (BAMXY), Mercedes-Benz parent Daimler (DDAIF), and Audi (AUDVF) are close to an agreement to purchase Nokia's (NOK) digital-maps business HERE for roughly $3B, Bloomberg reports, citing people familiar with the matter. An official announcement may come as soon as Monday, the report says. Reference Link
July 27, 2015
07:49 EDTBAMXYApple said to talk with BMW about electric car project, MacRumors reports
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July 26, 2015
19:22 EDTBAMXYBaidu CEO 'still interested' in Nokia map unit, Re/code says
In a Re/code interview published Friday afternoon, Baidu (BIDU) CEO Robin Li remarked that the company is "still interested" in Nokia's (NOK) HERE mapping unit. When asked about potential partners, Li commented, "I cannot say too much about it because itís not a done deal." Note that earlier media reports have suggested Nokia is or was leaning towards selling HERE to a group of German luxury car makers including Daimler (DDAIF), BMW (BAMXY), and Volkswagen's (VLKAY) Audi (AUDVF). Reference Link
July 21, 2015
06:42 EDTBAMXYNokia close to selling HERE to German auto makers, Bloomberg reports
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