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Stock Market & Financial Investment News

News Breaks
February 6, 2013
07:20 EDTRIO, F, TTM, AA, VLKAYAluminum 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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May 22, 2015
08:57 EDTVLKAYNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
09:15 EDTVLKAYGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 20, 2015
06:06 EDTFFord's Turkish unit forced to cancel shift on supply chain issues, Reuters says
Ford's Turkish arm cancelled an extra work shift yesterday as labor unrest in Turkey's automotive sector hit the supply chain, Reuters reports. Ford Otosan commented, "As it was not possible to supply parts from intermediate product makers in Bursa, the preplanned extra working shift has been cancelled." Reference Link
06:00 EDTFTakata to widen airbag recall to nearly 34M, enters Consent Order
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May 19, 2015
13:20 EDTFTakata expected to recall 33.8M vehicles, Detroit News reports
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07:36 EDTVLKAY, FAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
05:46 EDTRIORio Tinto and Mongolia sign Oyu Tolgoi development and financing plan
The government of Mongolia, Turquoise Hill Resources and Rio Tinto signed the Oyu Tolgoi Underground Mine Development and Financing Plan. The plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project. With a new pathway to development of the underground mine agreed, the focus now shifts to finalising the project finance, the feasibility study and securing all necessary permits so that the underground mine development can proceed. he construction of the first phase of the pioneering Oyu Tolgoi project the open-pit mine was completed on schedule in less than 24 months. The operation celebrated one million tonnes of copper concentrate shipped in March 2015, less than two years after the first production left the mine. Oyu Tolgoi has a workforce that is 95 per cent Mongolian and Oyu Tolgoi LLC has paid $1.3 billion in taxes, fees and other payments to date. Reference Link
May 18, 2015
12:33 EDTF, TTMMarathon Patent unit enters into settlement agreement with Jaguar Land Rover
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09:54 EDTF, VLKAYNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
06:26 EDTFStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
May 17, 2015
17:33 EDTRIORio Tinto seeks buyer for Pacific Aluminum, FT says
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May 14, 2015
10:27 EDTFDTE Energy partners with Domino's Farms and Ford to build solar arrays
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08:54 EDTFFord says 'poised for breakthrough' year in 2015
Comment made during Ford's annual shareholder meeting.
May 12, 2015
06:54 EDTRIORio Tinto unit sees potential aluminum market deficit this year, Reuters reports
Rio Tinto Alcan sees a possible aluminum market deficit this year, Reuters reports, citing comments made by Rio Tinto Alcan CEO Alf Barios at the CRU Aluminum industry conference. Barios said he sees price volatility continuing in the short term, and sees inventory levels by 2020 declining to nine weeks from the current 12 weeks. Reference Link
05:57 EDTRIORio Tinto to cut up to 170 jobs in Montreal, Globe and Mail reports
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May 11, 2015
19:48 EDTVLKAYVolkswagen to break up MAN business, Reuters says
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19:01 EDTAAAlcoa to close Anglesea Power Station
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07:23 EDTAABofA/Merrill to hold a conference
Global Metals, Mining & Steel Conference is being held in Barcelona, Spain on May 11-14.
05:55 EDTRIORio Tinto expects copper prices to recover faster, Financial Times reports
Rio Tinto expects global cooper prices to recover fsater than expected due to demand outstrippling supply within two years rather than three to four, reports the Financial Times. The company's head of copper Jean-Sebastien Jacques said decisions by the industry to slow copper production in response to weak prices meant the market could become balanced this year. Reference Link
May 10, 2015
15:28 EDTFFord Venezuela to only sell vehicles in U.S. dollars, Reuters says
Ford's Venezuelan unit will sell vehicles exclusively in dollars beginning late June, Reuters reported Friday, citing two sources familiar with the situation. The country's currency control system has created difficulties converting vehicle sales to dollar revenue, noted Reuters. Reference Link

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