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Stock Market & Financial Investment News

News Breaks
February 6, 2013
07:20 EDTTTM, AA, VLKAY, RIO, FAluminum producers helped by increased auto use, Bloomberg reports
Automakers from Ford (F) to Audi (VLKAY) and Jaguar Land Rover (TTM) are using record amounts of aluminum to replace heavier steel, and that's givign some relief to aluminum producers facing excess supplies and depressed prices, reports Bloomberg.Reference Link
News For F;VLKAY;TTM;RIO;AA From The Last 14 Days
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December 15, 2014
13:16 EDTF, VLKAYUAW 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.
09:38 EDTAAActive equity options trading
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09:31 EDTRIORio, BHP looking to raise copper output, Reuters says
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07:36 EDTRIORio Tinto shares look undervalued, says Bernstein
After iron ore prices sank 48% this year, Bernstein thinks that Rio Tinto would be resilient even if iron ore prices dropped much further. The firm believes that the market is applying a significant discount to the stock, making the shares undervalued. It has a $63.20 price target and Outperform rating on the shares.
06:55 EDTVLKAY, FTakata 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.
05:47 EDTAAAlcoa to acquire TITAL, terms not disclosed
Alcoa announced plans to further expand its global aerospace business through a definitive agreement to acquire privately held TITAL. The acquisition will strengthen Alcoa’s global position to capture increasing demand for advanced jet engine components made of titanium. This transaction will further position Alcoa to capitalize on strong growth in the commercial aerospace sector. Alcoa projects a compounded annual commercial jet growth rate of 7% through 2019 and sees a current 9-year production order book at 2013 delivery rates. Almost 70% of TITAL’s revenues are expected to come from commercial aerospace sales in 2019. In 2013, the company generated revenues of approximately $96M, more than half of which came from titanium products. The acquisition will establish titanium casting capabilities in Europe for Alcoa, while expanding its aluminum casting capacity. TITAL employs more than 650 people, primarily in Bestwig, Germany. Financial details of the transaction were not disclosed.
December 12, 2014
13:08 EDTFFord CEO sees "breakthrough" year in 2015, Automotive News says
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December 11, 2014
15:56 EDTF, VLKAYAutomaker 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
14:02 EDTAAAlcoa plans $16.7M expansion to double high-tech coating capacity
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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
16:00 EDTAAOptions Update; December 9, 2014
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13:30 EDTTTMTata Motors' Jaguar recalls 7,000 F-Type cars, Reuters says
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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 EDTVLKAY, FVolkswagen 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).
11:09 EDTVLKAYVolkswagen reports passenger car deliveries up 2% to 5.6M in year-to-November
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08:07 EDTFFord management to meet with UBS
Meeting to be held in Boston on December 8 hosted by UBS.
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