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Stock Market & Financial Investment News

News For NINOY;PC;TM;NSANY;MU;CAJ From The Last 14 Days
Check below for free stories on NINOY;PC;TM;NSANY;MU;CAJ the last two weeks.
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September 15, 2014
06:38 EDTNSANYNissan up against battery facility reductions, Reuters says
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06:17 EDTTMMobileye estimates not impacted by Toshiba story, says Deutsche Bank
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September 14, 2014
18:10 EDTMUMicron looks to expand to autos and wearables, WSJ says
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September 12, 2014
16:20 EDTTMOn The Fly: Closing Wrap
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14:16 EDTTMToyota news doesn't affect Mobileye near-term growth potential, says Wells Fargo
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14:01 EDTTMMobileye sinks after report says Toyota likely to use competitor
Shares of Mobileye (MBLY) are falling after the Nikkei newspaper reported today that Toshiba (TOSBF) is going to make many system chips for automatic driver-assist systems, or ADAS. Toyota (TM) will likely incorporate the chips into vehicles it will release in fiscal year 2015, the newspaper added. Mobileye designs software and chips for camera-based advanced ADAS. WHAT'S NEW: Toshiba plans to begin mass producing the ADAS chips - which will analyze images to help cars respond correctly to traffic lights and avoid dangers on the road - in 2015, Nikkei reported. The chips will be placed in safety systems by another company, Denso, before they are shipped to Toyota, Nikkei noted. WHAT'S NOTABLE: On September 9, Citigroup raised its price target on Mobileye to $62 from $48, as the firm was more confident about the company's chances of landing Toyota as a client after attending the first day of the ITS World Congress. Although Toyota is one of the few large auto makers not utilizing Mobileye's technology, the Japanese giant does recognize Mobileye's distinct technological advantages and expects to obtain ADAS components from more suppliers over the medium term, according to the firm, which kept a Buy rating on Mobileye. However, Deutsche Bank expressed some caution on the stock earlier this week when it downgraded the shares on valuation concerns. But the firm said that it continued to be upbeat about the company's long-term prospects. PRICE ACTION: In mid-afternoon trading, Mobileye slumped $2, or 4%, to $52. The shares debuted on August 12 at about $32.
13:11 EDTTMToshiba to supply chips for Toyota driver-assistance systems, Nikkei says
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September 11, 2014
15:14 EDTTMToyota says no new or pending projects with Tesla, WSJ reports
After a question about Tesla Motors' (TSLA) soon-to-end deal to supply batteries and drive systems to Toyota (TM) for an electric RAV4 was posed to Tesla CEO Musk, the executive said earlier this week that his company may reach a new partnership with the Japanese company in the next two or three years, but Toyota’s chief U.S. spokeswoman has now told The Wall Street Journal that its RAV4 EV project with Tesla has been "mutually beneficial" but that the companies "currently have no new, or pending projects under discussion.” Reference Link
13:30 EDTTMToyota to recall 130,000 Tundra pickups due to air bag problem
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September 10, 2014
15:27 EDTTMToyota searching for Mexico assembly plant site, Bloomberg reports
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10:44 EDTMUMicron mentioned positively at Raymond James
09:17 EDTTM, NSANYChina 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 EDTTM, NSANYAugust 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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