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Stock Market & Financial Investment News

News Breaks
January 13, 2012
08:00 EDTCOL, GBX, GE, SPR, NSANY, FIATY, BACompanies step up hiring as economy gains strength, Bloomberg reports
In the U.S., a number of major companies are hiring workers as CEOs expect increased demand as the economy strengthens, reports Bloomberg. Reference Link
News For GE;BA;NSANY;GBX;FIATY;SPR;COL From The Last 14 Days
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January 22, 2015
15:32 EDTGE, COLNotable companies reporting before tomorrow's open
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15:21 EDTGEGeneral Electric technical comments ahead of results
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13:13 EDTGBXRailcar backlog rose, says Wells Fargo
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12:16 EDTGEEarnings Preview: Analyst sentiment positive ahead of General Electric report
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10:03 EDTGEOn the Fly: Analyst Initiation Summary
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08:02 EDTGEGE Capital's TMT financing business says completed over 50 transactions in 2014
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06:23 EDTGEGE to pay $464M more in Alstom energy assets deal, WSJ reports
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January 21, 2015
19:18 EDTNSANY, FIATYLower oil prices could boost car and truck sales, CNBC reports
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16:13 EDTGEGeneral Electric initiated with a Buy at UBS
Target $30.
13:53 EDTNSANYGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
12:48 EDTBABoeing exec sees demand for 737 MAX, 777, despite oil slump, Reuters says
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12:39 EDTGEGeneral Electric January weekly volatility elevated into Q4 and outlook
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06:23 EDTBAUnited may switch Boeing 787 Dreamliner order to larger 777-300ERs, WSJ says
United Continental (UAL) is close to a deal to change at least 10 of its Boeing (BA) 787 Dreamliners that are on order to 777-300ER jetliners, which are larger, The Wall Street Journal reports, citing two sources. The deal is in the process of being finalized, the sources say, and would help preserve Boeing's production rates and transition to the 777x. Reference Link
January 20, 2015
17:26 EDTGEGeneral Electric awarded $325M government contract
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13:33 EDTBABoeing selected to build satellite by New York Broadband LLC
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11:23 EDTGEEU to decide on GE, Alstom deal by February 23, Reuters reports
Antitrust regulators in the European Union will decide by February 23 whether to approve General Electric's (GE) planned acquisition of most of Alstom's (ALSMY) power equipment unit, Reuters reports. French authorities have already approved the planned deal after GE agreed to create jobs and form an energy joint venture with Alstom. Reference Link
08:21 EDTBAGlobal Eagle to offer connectivity in Boeing 737 airplanes
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06:48 EDTGEGE financing A350 jet with Rolls-Royce engine, Reuters reports
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05:43 EDTCOLRockwell Collins upgraded to Overweight from Equal Weight at Barclays
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January 16, 2015
06:11 EDTFIATYEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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