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Stock Market & Financial Investment News

News For CAJ;MU;NSANY;TM;NINOY;PC From The Last 14 Days
Check below for free stories on CAJ;MU;NSANY;TM;NINOY;PC the last two weeks.
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September 10, 2014
10:44 EDTMUMicron mentioned positively at Raymond James
09:17 EDTNSANY, TMChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
06:29 EDTNSANYNissan names BMW's Kruger as head of Infiniti
Roland Krüger, most recently a senior vice president at BMW Group in charge of the German sales region and with an accomplished track record in the premium automotive business, will be appointed president of Infiniti and a senior vice president of the Nissan Motor Co., Ltd., the parent company of the premium brand. Kruger will be based at the company's Hong Kong headquarters and will report to Carlos Ghosn, President and CEO of Nissan Motor Co., Ltd.
September 9, 2014
10:57 EDTTMMobileye climbs after analyst says GM, Tesla using technology
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09:28 EDTTMMobileye price target raised to $62 from $48 at Citigroup
Citigroup raised its price target for Mobileye (MBLY) shares to $62 saying it left day one of the ITS World Congress feeling better about its thesis regarding the company landing Toyota (TM) as a client. Citi says Toyota is one of few remaining large OEMs that has yet to enter production with Mobileye. It believes Toyota recognizes Mobileye’s distinct technological advantages and expects to source more ADAS suppliers over the medium-term. William Blair this morning said it believes Tesla (TSLA) and GM (GM) are using Mobileye for their automated highway driving assist technology while Morgan Stanley upped its price target for shares to $65. The stock is trading up 6% to $56.23 in pre-market trading.
07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.
06:09 EDTTMVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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September 8, 2014
13:04 EDTNSANY, TMAugust vehicle sales drop in Russia, WSJ says
The Association of European Businesses said that the sales of new vehicles in August throughout Russia have dropped at the quickest rate so far in 2014, according to The Wall Street Journal, citing a statement from chairman of the AEB Automobile Manufacturers Committee Joerg Schreiber. Industry officials are anticipating sales in the country for 2014 to decrease another 20% after a 5% decline last year. Publicly traded companies in the automobile industry include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
07:34 EDTTMU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:51 EDTTMTesla head says 'not surprised' if Toyota deal happens, Reuters says
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September 4, 2014
14:19 EDTTMToyota says will accelerate introduction of active safety systems
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12:50 EDTMUMicron's Adams says market different now due to consolidation, diversification
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07:14 EDTNSANYElectric cars share of total U.S. market stalled, LA Times reports
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06:53 EDTMUMicron reinstated with a Buy at Deutsche Bank
Deutsche Bank reinstated shares of Micron with a Buy rating saying the company's improved profitability and free cash flow generation are sustainable. The firm has a $40 price target for shares.
06:43 EDTNSANYNissan issues recall for 55K cars due to engine starter defect, Reuters says
Nissan issued a recall for over 55K cars throughout Japan regarding a defect in the gasoline engine starter motor, according to Reuters, citing comments from company spokesman Chris Keeffe. Keeffe noted that no accidents have occurred due to the faulty motor. Reference Link
September 3, 2014
10:18 EDTTMToyota reports August U.S. sales up 6.3% to 246,100 units
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10:13 EDTTMToyota reports August U.S. sales up 6.3%, Bloomberg says
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09:29 EDTMUMicron, SanDisk have positive read though from Samsung proxy, says Sterne Agee
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09:23 EDTNSANYNissan reports August U.S. sales up 11.5% to 134,388 units
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08:38 EDTNSANYNissan reports August U.S. sales up 11.5%, Bloomberg says
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