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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:37 EDTCMI, PCAR, VOLVYCummins rises after firm starts coverage with Buy rating
Shares of Cummins (CMI) are outperforming the market after research firm Argus initiated coverage of the truck engine maker with a Buy rating in a note to investors earlier today. WHAT'S NEW: Cummins should continue to benefit as truck manufacturers switch to more fuel efficient engines amid stricter environmental regulations and higher fuel costs, the firm predicted. The company's U.S. business should benefit from steady increases in engine sales this year, while its distribution unit should grow as a result of acquisitions, the firm predicted. It set a $162 price target on the stock. PRICE ACTION: In early trading, Cummins rose $3.40, or 2.3%, to $149.50. Meanwhile, truck maker PACCAR (PCAR) gained 1.75% to $67.75. AB Volvo (VOLVY), which makes components for trucks and buses as well as construction equipment, climbed 1.7% to $15.80.
News For CMI;PCAR;VOLVY From The Last 14 Days
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July 29, 2014
08:15 EDTCMICummins management to meet with Piper Jaffray
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08:09 EDTPCARPACCAR reports Q2 EPS 90c, consensus 89c
Reports Q2 revenue $4.57B, consensus $4.43B.
July 28, 2014
16:32 EDTCMIOn The Fly: Closing Wrap
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15:47 EDTPCARNotable companies reporting before tomorrow's open
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15:26 EDTPCARPACCAR technical comments before results
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10:57 EDTCMICummins says demand in China impacted by less infrastructure activity
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07:37 EDTCMICummins raises FY14 revenue guidance to 8%-11% from up 6%-10%
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07:31 EDTCMICummins reports Q2 EPS $2.43, consensus $2.38
Reports Q2 revenue $4.84B, consensus $4.83B.
July 25, 2014
11:52 EDTCMICummins technical notes ahead of earnings
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July 23, 2014
12:59 EDTCMIEarnings Preview: Caterpillar shares near 52-week high ahead of Q2 report
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10:44 EDTCMICaterpillar read-through modest negative for Cummins, says Wells Fargo
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July 22, 2014
10:00 EDTVOLVYOn The Fly: Analyst Upgrade Summary
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08:57 EDTVOLVYVolvo upgraded to Neutral from Sell at Goldman
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July 21, 2014
05:41 EDTVOLVYVolvo announces partnership with ABB
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July 19, 2014
19:20 EDTVOLVYVolvo to pay penalties on emission compliance of diesel engines
The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Volvo Group should pay penalties and interest of approximately SEK 508M following a dispute between the Volvo Group and the U.S. Environmental Protection Agency, EPA, regarding emission compliance of diesel engines. The Court of Appeals affirmed a District Courtís ruling that model year 2005 Volvo Penta engines violated the provisions of a Consent Decree. This is expected to have a negative impact on the Groupís operating income of approximately SEK 440M in Q314 in the segment Group functions and other. The Volvo Group had previously accounted for approximately SEK 68M as a provision and approximately SEK 422M as a contingent liability.

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