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Stock Market & Financial Investment News

News Breaks
December 3, 2012
16:19 EDTHMA, DELL, GM, F, QIHU, SVU, QLGCOn The Fly: Closing Wrap
Stocks on Wall Street finished lower as some mixed economic data from the U.S. and abroad tempered investor enthusiasm. After a moderately higher open, fueled by positive news from China, the market drifted steadily lower through the session. Late day reports broke of a counter-offer being made by House Republicans regarding the fiscal cliff, though the news didn't move the averages as sharply as similar news has in recent days... ECONOMIC EVENTS: In the U.S., the ISM November manufacturing purchasing managersí index, or PMI, slid to 49.5, reflecting contraction, versus expectations for a 51.4 reading. Construction spending for the month of October increased 1.4%, versus an expected 0.5% rise. In Asia, the final reading of the HSBC China manufacturing PMI for November rose to 50.5 and a similar survey from the Chinese National Bureau of Statistics rose to a seven-month high of 50.6. In Europe, manufacturing activity contracted again but at a slower pace, as Markit's final November euro-zone PMI rose to 46.2 from 45.4 in October... COMPANY NEWS: Dell (DELL) shares opened sharply higher after Goldman upgraded the stock two notches, from Sell to Buy, though shares lost a little steam during the session. Dell finished the day up 42c, or 4.36%, to $10.06... November auto sales rose to what may be their highest annualized rate since February 2008, though General Motors' (GM) 3.4% increase missed expectations. Meanwhile, Ford's (F) November sales rose a better than expected 6.5%... MAJOR MOVERS: Among the notable gainers was Qihoo 360 (QIHU), up $2.45, or 9.80%, to $27.44 after Stifel Nicolaus said the company launched a music and a map vertical search engine. Also higher were shares of Supervalu (SVU), up 30c, or 12.61%, to $2.68 after a weekend report from the Wall Street Journal said Cerberus Capital would explore multiple options in its bid for the company. Among noteworthy losers was QLogic (QLGC), down 73c, or 7.70%, to $8.75 after the stock was downgraded to Sell from Neutral at Goldman. Also lower were shares of Health Management (HMA), down 45c, or 5.66%, to $7.50 after a negative mention in a "60 Minutes" report and a downgrade at CRT Capital, though the stock was defended or recommended by at least four other firms... INDICES: The Dow was down 59.98, or 0.46%, to 12,965.60; the Nasdaq was down 8.04, or 0.27%, to 3,002.20; and the S&P 500 was down 6.72, or 0.47%, to 1,409.46.
News For DELL;GM;F;QIHU;SVU;QLGC;HMA From The Last 14 Days
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September 16, 2014
06:38 EDTGMGM Opel unit to reduce production in Russia, Reuters says
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06:30 EDTGM, FNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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September 15, 2014
13:03 EDTFFord reports August European sales up 14%
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11:14 EDTGMGM faulty switch connected to 19 confirmed deaths, WSJ says
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07:42 EDTFMorgan Stanley to hold a conference
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September 13, 2014
17:19 EDTFLear strike in Indiana may impact Ford plant in Chicago, WSJ says
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September 12, 2014
10:30 EDTFFord recalls Escapes, Focus Sts due to engine wiring defect
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09:41 EDTFFord recalls 74,000 hybrids to fix stalling problem, AP reports
Ford is recalling 74,000 older-model gas-electric hybrid SUVs in the U.S. and Canada to fix a staling problem that causes electronics to overheat, reports the Associated Press. The recall covers Ford Escapes from 2005 through 2008 and Mercury Mariners from 2006-2008. Reference Link
09:33 EDTQIHUQihoo 360 management to meet with JPMorgan
Meeting to be held in Boston on September 17 hosted by JPMorgan.
06:22 EDTGMGeneral Motors issues 'stop delivery' order for new Corvettes, WSJ reports
A "stop delivery" order on 2015 Chevrolet Corvettes has been ordered by General Motors, the Wall Street Journal reports. According to a spokesman, the automaker wants to fix two potential problems -- a parking brake issue and an air bag problem -- with the car before they leave the Bowling Green, KY plant or dealer lots. Reference Link
September 11, 2014
13:35 EDTFFord's Lincoln to launch Navigator marketing push, Automotive News says
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06:51 EDTGMGM to reveal 40 new vehicles in India, other countries, Reuters says
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06:04 EDTGMGeneral Motors to roll out OnStar in Europe, Re/code reports
General Motors (GM) is planning to roll out its OnStar service beyond the U.S. and Canada to parts of Europe, Re/code reports. The service is powered by AT&T (T). Reference Link
September 10, 2014
09:17 EDTF, GMChina 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
08:02 EDTGMGM calls Canadian dealer 'ambush' allegations overblown, Globe & Mail reports
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September 9, 2014
10:57 EDTGMMobileye climbs after analyst says GM, Tesla using technology
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09:16 EDTGMMobileye technology being used by GM, Tesla, says William Blair
William Blair believes both General Motors (GM) and Tesla (TSLA) are using Mobileye (MBLY) technology for their announced self-driving capabilities. The firm notes that over the past two days, GM and Tesla noted their intentions of offering vehicles with autonomous driving capability in the next 24-36 months. William Blair says the recent announcements confirm its bullish outlook on Mobileye's market opportunity. The firm has an Outperform rating on the stock. Shares of Mobileye are rallying 5%, or $2.61, to $55.62 in pre-market trading. Morgan Stanley also upped its price target this morning on the name to $65 from $46.
07:17 EDTFThe Wireless Association to hold a conference
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06:52 EDTGMGM JV in China recalls over 38K Cadillac sedans, Reuters says
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06:09 EDTF, GMVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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