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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:08 EDTT, DOW, F, BA, GM, VZU.S. firms putting more cash into pension funds, WSJ reports
Ford (F) expects to spend $5B this year shoring up its pension funds. The automaker is one of a who's who of U.S. companies pouring cash into pension plans now being battered by record low interest rates, reports the Wall Street Journal. Reference Link
News For F;VZ;BA;DOW;GM;T From The Last 14 Days
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May 24, 2013
15:09 EDTTAT&T unit provides notice to redeem outstanding notes due July 2043
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09:42 EDTDOWDow Chemical deploying K-Dow award to reduce debt
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06:31 EDTGMChevrolet selling Cruze Clean Turbo Diesel in U.S., Detroit News says
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May 23, 2013
16:44 EDTTAT&T's new wireless fee may add a half-billion in yearly revenue, WSJ says
AT&T has initiated a 61c per month administrative fee to the bills of all of its contract wireless lines as of May 1, says the Wall Street Journal. The 61c monthly fee may result in in more than a half-billion dollars in annual revenue to the company, added WSJ. Reference Link
13:16 EDTGMGM 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
11:08 EDTBABoeing reports 107 new orders in weekly update
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08:53 EDTFPacer 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.
07:55 EDTBABoeing price target raised to $120 from $100 at BofA/Merrill
BofA/Merrill raised Boeing's price target to reflect higher delivery forecasts for the 737 and 787. Shares are Buy rated.
06:29 EDTBASoftware firm Luxoft files for IPO in New York, Bloomberg reports
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05:51 EDTBAChina approves commercial service for Boeing 787 Dreamliner, WSJ reports
China's aviation regulator gave approval for Boeing's 787 Dreamliner aircraft to begin commercial service with the nation's airlines, sources say, reports the Wall Street Journal. Reference Link
05:43 EDTBABoeing price target raised to $120 from $105 at Deutsche Bank
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May 22, 2013
19:49 EDTFFord to close factory, plant in Australia, News Limited reports
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12:17 EDTGMGM to bring apps to some autos, Cnet reports
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11:06 EDTF, GMAuto 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.
10:26 EDTDOWDow CFO says priority for cash use is deleveraging, not M&A
Comment made at the Goldman Sachs Basic Materials Conference.
08:43 EDTBABoeing sees $6.9T commercial airplane market opportunity over 20 years
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08:42 EDTVZVodafone an attractive way to play trends at Verizon Wireless, says RW Baird at RW Baird
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08:38 EDTBABoeing affirms view of FY13 core EPS $6.10-$6.30, consensus $6.48
Repeats forecast for FY13 revenue $82B-$85B, consensus $83.86B. Says focused on additional 737 and 787 rate breaks, with expectations for rate increases to drive financial performance. Information from slides for Annual Investor Conference.
07:46 EDTFFord shares could rise 50% over next two years, Barron's says
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07:42 EDTVZBarclays to host a conference
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