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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
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May 22, 2015
08:57 EDTBAMXYNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
09:15 EDTBAMXYGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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