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Stock Market & Financial Investment News

News Breaks
December 3, 2012
12:13 EDTDELL, IOSP, TPCG, VRSN, DECK, FIATY, TM, F, GM, HMAOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as were the global manufacturing reports. Chinese manufacturing returned to growth in November for the first time in over a year and the deep downturn in euro zone factories eased. However, the U.S. manufacturing data for November was below expectations, leading the market to pare its early session gains... ECONOMIC EVENTS: In the U.S., the ISM November manufacturing purchasing managersí index, or PMI, slid to 49.5, reflecting contraction, from a 51.7 prior reading. Analysts expected a reading of 51.4, which reflects expansion. 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 rose to 50.5 in November, the first time since October 2011 that it had topped the line that separates growth from contraction. A similar survey out Saturday from the Chinese National Bureau of Statistics rose to a seven-month high of 50.6. In Europe, manufacturing activity contracted for the ninth consecutive month in November, but at a slower pace. Markit's final euro-zone PMI rose to 46.2 from 45.4 in October, unchanged from its preliminary reading... COMPANY NEWS: Dell (DELL) shares jumped nearly 6% after Goldman upgraded the stock two notches, from a Sell rating to a Buy, citing lowered expectations that the company may outperform and its strong cash position... November auto sales rose to what may be the highest annual sales rate since February 2008. General Motors (GM) sold 186,505 vehicles, up 3.4%, while Ford (F) sales rose 6.5% to 177,673 units, Toyota Motor (TM) U.S. sales increased 17% to 161,695 units and Chrysler (FIATY) sales gained 14% to 122,565 units... MAJOR MOVERS: Among the notable gainers were Deckers Outdoor (DECK), up 7% following an upgrade to Buy at Sterne Agee, and VeriSign (VRSN), up over 6% after a positive mention in this weekend's Barron's. Among the noteworthy losers was TPC Group (TPCG), which fell about 7% after Innospec (IOSP) withdrew its acquisition proposal. Also lower were shares of Health Management (HMA), down almost 5% after a negative mention in a "60 Minutes" report and a downgrade at CRT Capital... INDICES: Near noon, the Dow was down 10.26, or 0.08%, to 13,015.32; the Nasdaq was up 6.26, or 0.21%, to 3,016.50; and the S&P 500 was up 1.25, or 0.09%, to 1,417.43.
News For DELL;GM;F;TM;FIATY;DECK;VRSN;TPCG;IOSP;HMA From The Last 14 Days
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August 11, 2014
07:14 EDTTMToyota, Honda to cut prices in China following probe, Reuters says
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06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
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06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
14:09 EDTGMGeneral Motors announces 269K vehicle recall
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11:13 EDTFFord China reports July sales up 25% to 90,775 vehicles sold
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06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
06:35 EDTTMNissan nears Honda U.S. sales due to designs, costs, Reuters says
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August 7, 2014
06:49 EDTFIATYMarchionne says no talks, but open to Canada investment proposal, Reuters says
Fiat (FIATY) Chrysler Group CEO Sergio Marchionne noted that the firm had not restarted discussions with Canadian officials regarding investments to help back an upgrade for the company's minivan facility in Windsor, but the car manufacturer would be open to hearing any offered pitch, according to Reuters, citing comments from Marchionne. Reference Link
06:49 EDTTMFitch: Major Japanese car makers gained market share in China, Xinhua says
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06:43 EDTFIATYFiat CEO accuses 'overreaction' for sell-off shadowing deal, Reuters says
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06:33 EDTFIATYAnti-trust investigations in China reignite protectionism worries, Reuters says
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06:22 EDTTMToyota recalls 2014 Siennas due to defected transmission shift control cable
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06:18 EDTGMGM issues recall for certain model year SAABs, Trailblazer EXTs, others
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06:12 EDTFFord reports Class A and C motorhome sales up 12% and 14% year-to-date
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August 6, 2014
13:50 EDTFIATYChina to punish Chrysler, Audi, Xinhua reports
China today announced that it would punish Fiat's (FIATY) Chrysler and Audi for "monopolistic practices," according to Xinhua. A government spokesman did not specify what the companies' punishments would be, the news service added. Reference Link
12:00 EDTTMToyota's record quarterly profit may lift Japanese stocks, Nikkei reports
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08:37 EDTGMGoldman Sachs to hold a field trip
Autos Field Trip travels to Detroit on August 6.
06:55 EDTFIATYReport says Nissan, Chrysler, GM cars 'most hackable,' Reuters says
Computer security researchers found in a report set to be unveiled later this week that the "most hackable" cars out of the 20 that were examined were Chrysler's 2014 Jeep Cherokee, Nissan (NSANY) 2014 Infiniti Q50 and GM's (GM) 2015 Cadillac Escalade, according to Reuters, citing comments from Chrysler Group spokesman Eric Mayne. Chrysler is a unit of Fiat (FIATY). Reference Link
06:48 EDTFIATYNDRC penalizes Chrysler, Audi for breaching anti-monopoly rule, Reuters says
The National Development and Reform Commission said that it discovered Fiat's (FIATY) Chrysler in Shanghai and Volkswagen's (VLKAY) Audi (AUDVF) in Hubei to be involved in monopolistic tendencies and said it will punish those car manufactures as well as close to 10 Japanese spare-part makers for breaching the country's anti-monopoly rule, reported Reuters. Reference Link
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