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Stock Market & Financial Investment News

News Breaks
April 3, 2014
07:36 EDTDDAIF, HYMLFBAIC seeking foreign acquisitions, WSJ reports
Beijing Automotive Industry Holding, a joint venture partner of Daimler (DDAIF) and Hyundai (HYMLF), is seeing foreign acquisitions, the Wall Street Journal reports. The company is looking at mid- to high-end brands in the U.S. and Europe. Reference Link
News For DDAIF;HYMLF From The Last 14 Days
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April 23, 2015
19:49 EDTDDAIFAudi plans five additional models for India, Economic Times says
In an interview with the Economic Times, Volkswagen's (VLKAY) Audi India brand director Joe King said the company plans to launch five new models in India within the next five months. "We see huge potential to grow in the Indian market... The GDP is likely to improve as the fundamentals of the Indian economy are strong and softening interest rate will propel demand for the luxury cars," said King. The Economic Times notes that Daimler's (DDAIF) Mercedes-Benz also aims to ramp up efforts in the region. Reference Link
05:59 EDTDDAIFMercedes-Benz fined $56M by China for price-fixing, FT reports
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April 20, 2015
08:12 EDTDDAIFMarathon Patent Group announces results of Signal IP Markman ruling
Marathon Patent Group (MARA) announced that on April 17, the United States District Court Central District of California issued the claim construction order in the litigation involving its wholly-owned subsidiary Signal IP and American Honda Motor Co. (HMC), Nissan North America (NSANY), Porsche Cars of North America, Mazda Motor of America, Mercedes-Benz USA (DDAIF), BMW of North America, Subaru of America, Kia Motors America, Mitsubishi Motors North America, Volkswagen (VLKAY), and Jaguar Land Rover North America. A total of 36 claim terms from a total of seven patents were disputed between Signal IP and the defendants.
April 16, 2015
19:04 EDTHYMLFHyundai looks to institute merit-based pay, Reuters says
Hyundai is looking to overhaul its wage policy, basing pay on merit rather than seniority, reports Reuters, citing a letter by CEO Yoon Gap-han to company employees. "Our wages have reached a critical limit as a manufacturing company... I am concerned that Hyundai may face a situation where it is impossible to produce vehicles at domestic factories anymore," said the CEO. The proposed policy changes would not reduce current wages or yield immediate savings, said the company. Reference Link
10:00 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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05:45 EDTDDAIFDaimler AG upgraded to Conviction Buy from Buy at Goldman
Goldman Sachs upgraded Daimler AG to Conviction Buy saying the auto recovery in Europe is sustainable.

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