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Stock Market & Financial Investment News

News Breaks
April 25, 2014
11:32 EDTDLPHDelphi Automotive discloses possible FCPA violations
Delphi Automotive disclosed last night in a regulatory filing, "During the first quarter of 2014, Delphi identified certain potentially improper payments, made by certain manufacturing facility employees in China, that may violate certain provisions of the U.S. Foreign Corrupt Practices Act (the “FCPA”). Under the oversight of Delphi’s Audit Committee of the Board of Directors, Delphi has engaged outside counsel to assist in the review of these matters, and to evaluate existing controls and compliance policies and procedures. This review remains ongoing. Violations of the FCPA could result in criminal and/or civil liabilities and other forms of penalties or sanctions. Delphi has voluntarily disclosed these matters to the U.S. Department of Justice and the SEC, and is cooperating fully with these agencies. Although Delphi does not expect the outcome of this review to have a material adverse impact on the Company, there can be no assurance as to the ultimate outcome of these matters at this time."
News For DLPH From The Last 14 Days
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April 15, 2015
09:55 EDTDLPHBofA/Merrill U.S. autos analysts hold an analyst/industry conference call
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07:19 EDTDLPHDeutsche sees upside potential for Mobileye, raises target
After speaking with Dr. Mark Rosekind, the National Highway Traffic Safety Administration's new Administrator, Deutsche Bank believes the U.S. is about to adopt a more proactive stance on active safety technologies like Forward Crash Avoidance and Mitigation Systems. It thinks FCAM growth is likely to exceed its prior assumptions, providing upside potential for Mobileye (MBLY) and possibly Delphi Automotive (DLPH) and Autoliv (ALV). Deutsche raised its price target for Mobileye shares to $55 from $53 and keeps a Buy rating on the name.

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