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Stock Market & Financial Investment News

News Breaks
December 3, 2012
12:13 EDTHMA, VRSN, TM, DELL, IOSP, DECK, F, TPCG, FIATY, GMOn 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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April 12, 2015
19:46 EDTTMToyota plans to build new Chinese factory by 2018, AFP says
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April 10, 2015
07:53 EDTFFord consolidates Ford Sollers joint venture for financial reporting purposes
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06:58 EDTDECKDeckers Outdoor volatility at record low
Deckers Outdoor overall option implied volatility of 27 compares to its 26-week average of 31 according to Track Data, suggesting decreasing price movement.
06:13 EDTGM, FGeneral Motors added to Focus List at Citigroup following selloff
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April 9, 2015
11:31 EDTGMGM may make 'major' investment in Warren Tech Center, Detroit News says
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09:22 EDTFLKQ Corp., Ford renew patent license agreement
LKQ Corporation (LKQ) and Ford Global Technologies (F) renewed their design patent license agreement, which was first entered into in April 2009. The license agreement grants to LKQ the exclusive right to distribute aftermarket replicas of Ford automotive parts covered by U.S. design patents. The renewal is on substantially the same terms as the previous agreement except that the term now extends until March 2020.
08:41 EDTGMGM's Opel unit reports Q1 new passenger car sales 279,306 units
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06:19 EDTGMGeneral Motors considering $1.3B expansion of Arlington plant, Reuters reports
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06:07 EDTGMGM to temporarily halt production of Chevrolet Volt, WSJ reports
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April 8, 2015
19:09 EDTF, GMGM pressures Canadian workers to reduce pension benefits, Globe and Mail says
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April 7, 2015
11:27 EDTGMCanadian sale of General Motors stake removes an overhang, says BofA/Merrill
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10:05 EDTTMOn The Fly: Analyst Downgrade Summary
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09:23 EDTGMOn The Fly: Pre-market Movers
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09:01 EDTGMGeneral Motors 73.39M share Block Trade priced at $35.90
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06:56 EDTGMGeneral Motors 73.39M share Block Trade; price range $35.80-$36.00
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06:38 EDTTMToyota downgraded to Neutral from Buy at UBS
April 6, 2015
18:01 EDTGMCanada GEN Investment to sell 73.39M shares of General Motors to Goldman Sachs
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11:41 EDTGMDeath claims linked to GM ignition switches up to 80, WSJ reports
The number of deaths linked to General Motors' faulty ignition switch was raised by three to 80 total people, reports The Wall Street Journal, citing statements by lawyers operating the GM compensation fund. The number of confirmed injury claims rose by seven to 141 people. Reference Link
07:41 EDTGMBrookings Institute to hold a discussion
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05:54 EDTTMToyota to open plants in Mexico and China, Financial Times reports
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