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Stock Market & Financial Investment News

News Breaks
April 2, 2014
09:32 EDTFIATYChrysler recalls 868K SUVs to install brake booster shield
Chrysler Group announced it will recall an estimated 867,795 SUVs to install a shield that protects their brake boosters from corrosion caused by undue water exposure. Chrysler will inspect the brake boosters on certain Jeep Grand Cherokee and Dodge Durango SUVs, model years 2011-2014. The boosters may be replaced if their capability has been reduced.Chrysler launched an investigation after receiving customer feedback about excessive brake-pedal firmness. The investigation discovered certain vehicles have brake boosters with small crimp joints; and these joints may exhibit corrosion when exposed to water. Should water enter the boosters through corroded joints a previously unseen occurrence brake function may be compromised if the water freezes. Chrysler is aware of one related accident and no injuries.
News For FIATY From The Last 14 Days
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November 20, 2014
07:57 EDTFIATYIIHS crash tests results for minivans 'one of the worst', CNBC says
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November 19, 2014
06:51 EDTFIATYRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. 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
November 18, 2014
17:37 EDTFIATYNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC 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
November 14, 2014
06:16 EDTFIATYEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link

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