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News Breaks | | | | December 3, 2012 | | 12:13 EDT |  | DELL, IOSP, TPCG, VRSN, DECK, FIATY, TM, F, GM, HMA | On 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. | |
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News For DELL;GM;F;TM;FIATY;DECK;VRSN;TPCG;IOSP;HMA From The Last 14 Days Check below for free stories on DELL;GM;F;TM;FIATY;DECK;VRSN;TPCG;IOSP;HMA the last two weeks. |
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| May 23, 2013 | | 13:16 EDT |  | GM | GM to sell electric vehicle for less than $20,000, Automotive News says
GM (GM) will sell its Chevrolet Spark, a small electric vehicle, for less than $20,000 after a $7,500 federal tax credit is applied, according to Automotive News. The company will sell the vehicle in some markets in California and Oregon by the middle of next month, the website quoted the company as saying. Reference Link | | | 08:53 EDT |  | F | Pacer to benefit from improving auto industry, says BB&T
After U.S. automakers Ford (F) and Chrysler indicated that they would curtail their summer production breaks, BB&T expects Pacer (PACR) to benefit from a rebounding auto sector, as about 40% of its revenue comes from the sector, according to the firm. BB&T keeps a Buy rating on the stock. | | | May 22, 2013 | | 19:49 EDT | | F | Ford to close factory, plant in Australia, News Limited reports
 Subscribe for More Information | | | 12:17 EDT | | GM | GM to bring apps to some autos, Cnet reports
Subscribe for More Information | | | 11:06 EDT |  | GM, FIATY, F | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
Subscribe for More Information | | | 07:28 EDT |  | HMA | UBS to host a conference
Global Healthcare Services Conference is being held in New York on May 20-22 with webcasted company presentations to begin on May 22 at 8 am; not all company presentations may be webcasted. Webcast Link | | | 07:24 EDT | | DELL | NetEvents International to host a summit
Subscribe for More Information | | | 05:36 EDT | | F | Ford raises N American capacity by 200K units, reduces summer shutdown, adds jobs
Subscribe for More Information | | | May 21, 2013 | | 16:04 EDT |  | F | Options Update; May 21, 2013
Subscribe for More Information | | | | 09:33 EDT | | F | Bloomberg LINK to host a summit
Subscribe for More Information | | | 07:32 EDT | | GM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 06:17 EDT | | F, GM, FIATY | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | May 20, 2013 | | 16:55 EDT | | DELL | S&P lowers Dell ratings to 'BBB' from 'A-', remains on watch negative
Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Dell to 'BBB' from 'A-', and its commercial paper rating to 'A-2' from 'A-1'. All ratings remain on CreditWatch, where they were placed with negative implications on Feb. 5. The initial CreditWatch listing reflected S&P's assessment that the $24.4B going private transaction, which includes a substantial portion of debt financing, will materially degrade Dell's financial risk profile, which S&P currently view as modest. Although Carl Icahn submitted a non-binding alternative acquisition proposal, the Michael Dell and Silver Lake Partners LBO proposal remains the only transaction that has been approved by Dell's board of directors. S&P's review of the LBO transaction terms and the company's ownership, business and financial strategy may also result in a downward revision of its assessment of Dell's business risk profile. | | | 15:11 EDT | | GM | GM marketing push set for new pickups, Reuters says
Subscribe for More Information | | | 11:14 EDT | | DELL | Dell to deliver public cloud through partner ecosystem
Subscribe for More Information | | | 08:59 EDT | | GM | General Motors price target raised to $43 from $34 at Argus
Subscribe for More Information | | | 07:03 EDT | | DELL | Dell committee says cannot evaluate Icahn proposal without more information
Subscribe for More Information | | | 06:01 EDT | | F, GM | Imported car prices in China decline, Bloomberg reports
Subscribe for More Information | | | 05:35 EDT | | F | Ford Fusion Energi earns top vehicle safety rating from NHTSA
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