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Stock Market & Financial Investment News

News Breaks
July 22, 2014
11:03 EDTLMT, FFord announces retirement of Chief Technical Officer Mascarenas
Ford (F) announced today that Paul Mascarenas, Chief Technical Officer and vice president, research and advanced engineering, has elected to retire after 32 years at Ford, effective October. 1. He is being succeeded by Ken Washington, who is named vice president, research and advanced engineering, effective August. 18. Washington most recently was vice president of the space technology advanced research & development daboratories at Lockheed Martin’s (LMT) space systems company.
News For F;LMT From The Last 14 Days
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December 17, 2014
06:27 EDTFFord cuts cost of 2015 F-150 by recycling, WSJ reports
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December 16, 2014
17:21 EDTLMTLockheed Martin awarded $308.26M government contract
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06:19 EDTFFord names Paul Bellew as chief data and analytics officer
Ford yesterday appointed data science and analytics expert Paul Ballew as executive director and chief data and analytics officer, further building its team of experts to help better understand consumer behavior and help speed development of the mobility, connectivity and autonomous driving innovations that will improve people’s lives. Ford is accelerating its investment and research into data science and analytics as the foundation of its focus on innovation. The goal is to better anticipate customers’ wants and needs as Ford implements its Blueprint for Mobility and its One Ford plan for profitable growth. In the new role, Ballew will lead the company’s data and analytic efforts globally, establishing an enterprise-wide vision for analytics and integrating all of Ford’s research, analytics, processes, standards, tools and partner engagement. He will report to Bob Shanks, executive vice president and chief financial officer. The appointment is effective January 5, 2015. Ballew most recently was global chief data, insights and analytics officer at Dun and Bradstreet.
December 15, 2014
13:16 EDTFUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
10:00 EDTFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
09:28 EDTLMTLockheed Martin says Air Force approves full rate production for JASSM-ER
The U.S. Air Force has approved full rate production for Lockheed Martin's Joint Air-to-Surface Standoff Missile – Extended Range, orJASSM-ER, which successfully completed U.S. Air Force Initial Operational Test and Evaluation flight testing in 2013. During IOT&E, the program had a 95% success rate, scoring 20 successes in 21 flights. Lots 11 and 12 of the JASSM contract awarded in December 2013 included 100 ER missiles.
09:12 EDTLMTLockheed Martin selected to continue building MK 41 for Navy
The U.S. Navy awarded Lockheed Martin a $235M contract to continue building MK 41 Vertical Launch Systems with options that, if exercised, would increase the value to $356M. Under this contract which extends through 2022, Lockheed Martin will produce the launch control units, various electrical boxes and the mechanical structure, and perform final assembly and test. The company is also under contract to conduct repairs, distribute, store and manage spare parts for the MK 41 system for the U.S. Navy.
06:55 EDTFTakata tightening restrictions on suppliers, Reuters reports
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06:53 EDTFFord downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank cut its rating on Ford Motor shares to Hold with the stock near its price target of $16. Deutsche says it is more cautious about investing in U.S. auto names with the market entering its sixth year of recovery. Shares of the car maker closed Friday down 29c to $14.99.
December 12, 2014
17:36 EDTLMTLockheed Martin awarded $169.3M government contract modification
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17:35 EDTLMTLockheed Martin awarded $235.3M government contract
Lockheed Martin Corp., Mission Systems and Training, Baltimore, Maryland, is being awarded a $235,329,189 firm-fixed-price contract for MK 41 Vertical Launching System electronic and mechanical modules and related equipment. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
13:08 EDTFFord CEO sees "breakthrough" year in 2015, Automotive News says
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December 11, 2014
15:56 EDTFAutomaker lending arms probed by NYDFS, NY Post reports
The New York Department of Financial Services has subpoenaed the financing arms of Ford (F), Honda (HMC), Hyundai, Nissan (NSANY) and Volkswagen (VLKAY), as well as Banco Santander (SAN) and TD Bank (TD), said the New York Post, citing a source familiar with the investigation. Reference Link
13:19 EDTFMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
11:42 EDTFStocks with call strike movement; DOW F
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December 9, 2014
10:01 EDTLMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
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09:17 EDTFTeleTech to expand in China through Percepta joint venture
TeleTech Holdings (TTEC) announced plans to expand in China through Percepta, a global joint venture with Ford Motor (F). Providing service and support through all stages of the customer lifecycle, Percepta operates customer contact centers on five continents specifically for the automotive industry.
07:37 EDTFUBS to hold a conference
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December 8, 2014
11:10 EDTFVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
08:07 EDTFFord management to meet with UBS
Meeting to be held in Boston on December 8 hosted by UBS.
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