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Stock Market & Financial Investment News

News Breaks
December 3, 2012
12:13 EDTTPCG, FIATY, GM, HMA, VRSN, TM, DELL, IOSP, DECK, FOn 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 managers’ 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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July 23, 2015
07:47 EDTGMGeneral Motors reports Q2 worldwide market share of 11.1%
Reports Q2 North America market share of 17.1%, including 17.6% in the U.S. Reports Europe market share of 6.3%. Reports APMEA market share of 9.9%. Reports South America market share of 15%.
07:45 EDTGMGeneral Motors reports Q2 worldwide vehicles sales of 2.46M
General Motors reports Q2 North America vehicle sales of 965,000, including 822,000 in the U.S. Reports Q2 Europe vehicles sales of 319,000. Reports Q2 Asia/Pacific, Middle East and Africa vehicle sales of 1.02M. Reports Q2 South America vehicle sales of 156,000.
07:41 EDTGMGeneral Motors reaffirms 2015 outlook for improved EBIT-adjusted
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07:38 EDTGMGeneral Motors attributes lower Q2 revenue to negative currency impact
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07:36 EDTGMGeneral Motors CEO says first two quarters of year were strong
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07:36 EDTGMGeneral Motors reports Q2 adjusted EPS $1.29, consensus $1.08
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07:19 EDTFFord July weekly volatility elevated into Q2 and outlook
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06:19 EDTGM, FUAW concerned over auto production moving to Mexico, NYT says
The greatest concern for the United Automobile Workers, or UAW, union as it enters discussions on new contracts with Detroit auto makers Fiat Chrysler (FCAU), Ford (F), and General Motors (GM) is losing vehicle production to lower-wage countries such as Mexico, the New York Times reports. Union president Dennis Williams was upset over comments last week that suggested that Ford was considering sending work to Mexico in an effort to cut costs, the report says. "I will save my comments on Ford for when we open up negotiations,” Mr. Williams said. “But it is always concerning to me when any company invests outside the United States.” Reference Link
July 22, 2015
15:26 EDTGMNotable companies reporting before tomorrow's open
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15:02 EDTFOptions Update; July 22, 2015
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14:50 EDTGMGeneral Motors technical comments ahead of earnings
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13:24 EDTGMEarnings Preview: General Motors down approximately 20% since Q1 report
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08:54 EDTFFord recalling 8,000 vehicles in North America for issue with parking brake
Ford said it is issuing a safety compliance recall for approximately 8,000 vehicles in North America, including certain 2015-2016 Ford Explorer, and certain 2015 Taurus and Flex, as well as Lincoln MKS and MKT vehicles for an issue with the parking brake. In these vehicles, the parking brake might not engage fully, which is a compliance issue with FMVSS 135 regarding brake systems. Ford is not aware of any accidents or injuries associated with this issue. Affected vehicles include certain 2015-2016 Ford Explorer vehicles built at Chicago Assembly Plant, May 4, 2015 through May 23, 2015; certain 2015 Ford Taurus vehicles built at Chicago Assembly Plant, May 4, 2015 through May 23, 2015; certain 2015 Ford Flex vehicles built at Oakville Assembly Plant, May 4, 2015 through May 23, 2015; certain 2015 Lincoln MKS vehicles built at Chicago Assembly Plant, May 4, 2015 through May 23, 2015; and certain Lincoln MKT vehicles built at Oakville Assembly Plant, May 4, 2015 through May 21, 2015. There are 7,165 vehicles in the United States and federalized territories, 799 in Canada and one in Mexico.
08:20 EDTGMGeneral Motors July weekly volatility elevated into Q2 and outlook
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07:18 EDTF, GM, TMAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
18:33 EDTTMToyota to delay building Lexus brand in China, Reuters reports
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12:22 EDTTMFormer Toyota exec plans to make supplier more competitive, Bloomberg says
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11:05 EDTF, TMAfter Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi
After Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi The shares of Harman (HAR) and Delphi Automotive (DLPH) are rising after Wells Fargo predicted that the companies would benefit from the increasing need to protect cars from cybersecurity attacks after Wired reported on hackers discovering methods that can be used to take control of vehicles. BACKGROUND: Two computer hacking researchers showed that they could seize control of a Jeep Cherokee, made by Fiat Chrysler (FCAU), using a technique called a zero-day exploit, Wired reported today. Using the same technique, the hackers can control "any of thousands of vehicles," the website reported. In the past, they have demonstrated how they were able to take control of a Ford (F) Escape and Toyota (TM) Prius, according to Wired. The hackers' technique involves taking control of vehicles' entertainment systems and sending commands to the vehicles' dashboard functions, steering, brakes, and transmission through their those systems, the website stated. ANALYST REACTION: In a note to investors today, Wells Fargo analyst David Lim responded to Wired's article by saying that cybersecurity has become a significant concern for automakers. Automotive technology suppliers such as Harman (HAR) and Delphi (DLPH) should benefit from auto makers' efforts to protect their vehicles from cyberattacks, Kwas believes. He reiterated Outperform ratings on Harman and Delphi. PRICE ACTION: In morning trading, Harman climbed about 2% to $108 and Delphi rose fractionally to $78.15. This version of the story replaces an earlier one to correct the lead analyst to David Lim.
09:40 EDTTM, F, GMJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
06:13 EDTFFord to launch luxury pickup truck, Reuters reports
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