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Stock Market & Financial Investment News

News Breaks
March 14, 2014
07:01 EDTCG, GMCarlyle Group names former GM CEO Akerson as Vice Chairman
The Carlyle Group (CG) announced that former General Motors (GM) Chairman and CEO Daniel F. Akerson rejoined the firm on March 1 as Vice Chairman and Special Advisor to the Board of Directors. In these new roles, Mr. Akerson will give operational, investment and management guidance to Carlyle’s investment teams, firm management and the Board of Directors. He is based in Carlyle’s Washington, DC headquarters.
News For CG;GM From The Last 14 Days
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April 1, 2015
08:40 EDTCGMorgan Stanley is buyers of Blackstone and Carlyle Group into Q1 reports
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06:52 EDTGMGM to launch five new vehicles this week, NY Times says
GM will introduce five new vehicles, including a new version of its Malibu midsize sedan and a full-size Cadillac sedan at its New York auto show this week, according to The New York Times. The automaker is optimistic that its U.S. sales can keep pace with or exceed the growth of the overall market, the newspaper stated. Reference Link
06:19 EDTCGCarlyle affiliate offers to buy Nationwide Accident Repair Services for GBP43.2M
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05:54 EDTGMGM looks to boost GMC light truck sales in U.S., Financial Times reports
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March 31, 2015
13:38 EDTGMBuffett says will be doing business with Ford, GM
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March 30, 2015
08:57 EDTGMGeneral Motors to unveil car that uses new building approach, Reuters says
GM is set to unveil its new Cadillac CT6 vehicle tomorrow, and the car is the largest vehicle to date that will use the automaker's new approach to building cars, according to Reuters. Based on using a mix of materials that enable large cars to meet fuel economy standards, the new approach will be used on at least four other future vehicles, Reuters quoted the chief engineer of the CT6 as saying. Reference Link
08:17 EDTCGHCP, HCR ManorCare amend, extend master lease
HCP (HCP) and HCR ManorCare (CG) have agreed to amend their Master Lease encompassing a portfolio of 333 post-acute, skilled nursing and assisted living facilities owned by HCP. Commencing April 1, HCP will provide an annual net rent reduction of $68M, which equates to initial lease year rent of $473M, compared to $541M that would have commenced April 1, prior to the amendment. The contractual rent will increase by 3.0% annually during the initial term. In exchange, HCP will receive the following consideration: Fee ownership in nine new post-acute facilities valued at $275M with a median age of four years, currently owned and operated by HCRMC; A second lease receivable with an initial amount of $250M, payable by HCRMC upon the earlier of: (i) end of the initial term of the first renewal pool under the Amended Master Lease, or (ii) certain capital or liquidity events of HCRMC, including an IPO or sale. HCP and HCRMC continue to advance their efforts on the previously disclosed marketing of up to 50 non-strategic facilities. The asset sales are expected to be completed in late 2015 to early 2016, and generate net proceeds between $250M-$350M. Based on the previously announced 7.75% yield on sale proceeds to HCP, this will result in an annual rent reduction under the Amended Master Lease between $19M-$27M after completion.
March 27, 2015
14:55 EDTGMGeneral Motors weekly volatility at low end of historic range
General Motors April weekly call option implied volatility is at 22, April is at 20, May is at 21, June is at 22; compared to its 26-week average of 24 according to Track Data, suggesting decreasing price movement.
March 26, 2015
14:19 EDTGMGM expects North American Malibu sales to surge, Reuters reports
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07:22 EDTGMGeneral Motors near-term risk/reward favorable, says Deutsche Bank
After speaking with management, Deutsche Bank thinks General Motors' presentation to investors next week will be relatively upbeat. Deutsche believes GM is benefitting from mix and price in North America, mix in consolidated Asia, and raw material costs. It views the near-term risk/reward on shares as favorable, but keeps a Hold rating on the name.
March 24, 2015
08:41 EDTGMGeneral Motors capacity hampering sales growth, says Credit Suisse
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07:27 EDTCGTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
06:18 EDTGMGM to build next-gen Chevrolet Cruze in Coahuila, Mexico, Reuters reports
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06:12 EDTGMFord, GM considering asking for lower-paid workers, Bloomberg says
Ford (F) and General Motors (GM) are considering asking the United Auto Workers union to create a lower-pay tier of employee at U.S. auto factories, reports Bloomberg, citing people familiar with the matter. The union, on the other hand, is considering eliminating the existing tier structure altogether, according to a person familiar with the union leadership. The proposed lower tier worker would not assemble cars, said the sources. Reference Link
March 23, 2015
11:11 EDTGMGM ignition switch death claims rises to 74, WSJ reports
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10:09 EDTCGCarlyle doesn't see strong dollar discouraging long-term investors, Reuters says
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07:37 EDTGMVolkswagen to cut at least 150 workers at Russian plant, Reuters reports
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06:57 EDTCGSilver Lake weighs GBP2B bid for Tesco's Dunnhumby, Sunday Times reports
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March 20, 2015
08:01 EDTGMStifel says evidence supports Apple moving into electric vehicles
Analysts at Stifel say they see enough evidence to suggest that Apple is internally working on the development of a battery electric vehicle to be sold over the next five-to-ten years. The analysts are "intrigued" by Apple CFO Luca Maestri's background at General Motors (GM). They believe Apple's investments in manufacturing should be a key consideration for investors and point out the $40B spent by the iPhone maker over the past five years, with 80%-plus invested in manufacturing, is similar to GM, Ford (F) and Daimler-Benz and well above Tesla's $1.8B cumulative capex. The analysts say there is a "lot to think about" regarding Apple's move into the car space, including the regulatory environment. They keep a Buy rating on the tech giant with a $150 price target. Shares of Apple closed yesterday down 97c to $127.50.
06:22 EDTGMGM CEO to be questioned October 8 over ignition failures, AP says
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