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Stock Market & Financial Investment News

News Breaks
July 1, 2014
06:17 EDTBAMXYBMW to unveil Mexico plant plans, Reuters says
BMW is poised to unveil plans to construct a new plant in Mexico, as the firm aims to meet increasing demand for its vehicles, according to Reuters, citing comments from a Mexican government official. The official said the facility would likely amount to an investment of approximately $1.36B. 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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