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Stock Market & Financial Investment News

News Breaks
January 13, 2012
08:00 EDTGE, BA, NSANY, GBX, FIATY, SPR, COLCompanies 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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September 11, 2014
09:01 EDTBAAlcoa signs multiyear supply contract with Boeing valued at over $1B
Alcoa (AA) has signed a long-term contract to supply aluminum sheet and plate products to Boeing (BA). The multiyear contract, valued at more than $1B, is the largest ever between the two companies. Notably, the agreement makes Alcoa sole supplier to Boeing for wing skins on all of its metallic structure airplanes. Alcoa plate products, used in applications such as wing ribs, wing skins or other structural parts of the aircraft, will also be on every Boeing platform, including the 787 Dreamliner. Finally, the agreement establishes a foundation for continued collaboration on new, high-strength and corrosion-resistant alloys, including aluminum-lithium that could be used for complex structural applications.
07:05 EDTFIATYFiat head says not looking to include Ferrari in group, Reuters says
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06:54 EDTFIATYJeep head says firm poised to sell 1M cars in FY14, Reuters says
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06:31 EDTFIATYVolkswagen JV, Chrysler unit fined in China for price-fixing, WSJ reports
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September 10, 2014
14:58 EDTFIATYFiat's CEO to become Ferrari chairman
The CEO of Fiat (FIATY), will become the new chairman of Ferrari, replacing Luca Cordero di Montezemolo who is resigning as of October 13, Fiat announced earlier today.
09:59 EDTGEGE Oil & Gas expects onshore industry to see 6% growth rate between 2014-2017
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09:46 EDTGEGE Oil and Gas sees increasing use of downstream
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09:20 EDTGEGE Oil & Gas selected by Freeport LNG for LNG export project
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09:17 EDTFIATY, NSANYChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
09:14 EDTBABoeing receives first order for 502 Phoenix small satellite
Boeing received its first commercial order for the 502 Phoenix small satellite from HySpecIQ of Washington, D.C. The satellites will carry the commercial remote sensing industry’s first hyperspectral payload, capable of providing spectral imaging fidelity. Boeing will deliver a complete satellite system initially consisting of two satellites, available for launch in 2018, command and control operations, image processing, and data storage of collected imagery. The contract includes options for long-term operations and maintenance.
09:11 EDTGEGeneral Electric sees 1.5% oil demand growth and 3.5% gas demand growth
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09:09 EDTGEGE provides technology, capital to quicken Texas project construction
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09:07 EDTGEGE, Statoil, Ferus Natural Gas Fuels announce pilot project expansion
A joint venture of GE (GE) and Ferus Natural Gas Fuels,along with Statoil (STO) announced the planned expansion of a pilot project to capture flare gas and use it to power up to six of Statoil’s drill rigs and one frac fleet in North Dakota. The expansion is the first step by Statoil to move into full commercial adoption of the GE and Ferus NGF joint venture’s Last Mile Fueling Solution, which is expected to reduce emissions and provide cost-savings and logistics solutions for the company’s Bakken oilfield operations. The company anticipates this new commercial expansion will increase its flare gas capture to between 3M-5M standard cubic feet per day by the end of 2014, equating to GHG emissions reductions of between 120K and up to 200K metric tons per year, or the equivalent of removing between 25K-45K cars from the road.
06:29 EDTNSANYNissan names BMW's Kruger as head of Infiniti
Roland Krüger, most recently a senior vice president at BMW Group in charge of the German sales region and with an accomplished track record in the premium automotive business, will be appointed president of Infiniti and a senior vice president of the Nissan Motor Co., Ltd., the parent company of the premium brand. Kruger will be based at the company's Hong Kong headquarters and will report to Carlos Ghosn, President and CEO of Nissan Motor Co., Ltd.
06:28 EDTFIATYFiat says Ferrari Chairman Luca di Montezemolo resigns
Luca Cordero di Montezemolo is to quit as chairman of Ferrari after 23 years at the company. di Montezemolo says "Ferrari will have an important role to play within the FCA Group in the upcoming flotation on Wall Street. This will open up a new and different phase which I feel should be spearheaded by the CEO of the Group." Thefly notes that Fiat CEO Sergio Marchionne recently said Ferrari's current performance in Formula 1 is "unacceptable."
September 9, 2014
09:37 EDTBABoeing announces agreement with GA Telesis
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06:25 EDTGEGeneral Electric to focus on finance, industrial equipment, WSJ reports
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06:17 EDTBABoeing up against pressure to boost 737 production rate, Reuters says
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06:09 EDTFIATYVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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06:06 EDTFIATYChrysler slashes price of Dodge Viper by $15,000, Detroit News reports
Chrysler has cut the price of its Dodge Viper by $15,000, the Detroit News reports. The slow-selling sports car now costs $84,995, priced comparably to the first-generation Viper. Reference Link
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