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Stock Market & Financial Investment News

News Breaks
February 12, 2014
05:40 EDTFIATY, F, GMDetroit auto makers want to clear inventory without hurting pricing, WSJ reports
The major Detroit auto makers -- GM (GM), Ford (F) and Chrysler Group (FIATY) -- want to increase their discounting to move unsold inventory from dealer lots, while avoiding an all out price war that hurts pricing, reports the Wall Street Journal. Reference Link
News For GM;F;FIATY From The Last 14 Days
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December 19, 2014
16:45 EDTGMGeneral Motors, Hertz in pact for purchase of GM vehicles
On December 15, The Hertz Corporation (HTZ) and General Motors (GM) entered into an agreement relating to Hertzís purchase of GM vehicles for the 2015 vehicle model year. The agreement also sets forth the terms and conditions related to GMís repurchase of a portion of the vehicles purchased by Hertz under the agreement.
15:11 EDTGMGM considering options if Takata recall expands, Reuters reports
General Motors (GM) is developing back-up plans on the chance that Takata's (TKTDY) air bag recall expands, according to Reuters. General Motors has asked Takata to share air bag specifications with rivals TRW (TRW) and Autoliv (ALV), so that replacements can be readily available, the company told Reuters. Reference Link
08:54 EDTFFord earnings momentum should accelerate in 2015, says Sterne Agee
Sterne Agee expects Ford to benefit from strong sales of its new F-150 and increased North America industry sales over the next two years. The firm keeps a Buy rating on the shares.
December 18, 2014
11:33 EDTGMStocks with call strike movement; GM EWZ
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09:05 EDTFFord adds 447K vehicles to Takata airbag safety recall
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08:23 EDTGMSeveral automakers halt Russia car sales due to ruble, Bloomberg reports
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December 17, 2014
06:27 EDTFFord cuts cost of 2015 F-150 by recycling, WSJ reports
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December 16, 2014
09:59 EDTGMOn The Fly: Analyst Downgrade Summary
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07:30 EDTGMGeneral Motors retreats in pre-market after analyst downgrades shares
GM shares are falling in pre-market trading after RBC Capital downgraded the stock to Sector Perform from Outperform, citing weak auto trends in North America and overly optimistic targets by the company. WHAT'S NEW: In North America, GM will face slowing demand, negative pricing trends, and higher regulatory and content costs, RBC Capital analyst Joseph Spak wrote in a note to investors today. The company's target for 10% profit margins in North America appears to be optimistic, given competition from the major Japanese automakers, which are benefiting from yen weakness, the analyst stated. Similarly, GM's Cadillac sales targets also seem ambitious, as it faces competition from German competitors that are in a strong position in North America and have a foothold in China, according to Spak. The analyst reduced his price target on the stock to $35 from $41. PRICE ACTION: In early pre-market trading, GM fell nearly 1% to $30.75.
06:33 EDTGMGeneral Motors downgraded to Sector Perform from Outperform at RBC Capital
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06:19 EDTFFord names Paul Bellew as chief data and analytics officer
Ford yesterday appointed data science and analytics expert Paul Ballew as executive director and chief data and analytics officer, further building its team of experts to help better understand consumer behavior and help speed development of the mobility, connectivity and autonomous driving innovations that will improve peopleís lives. Ford is accelerating its investment and research into data science and analytics as the foundation of its focus on innovation. The goal is to better anticipate customersí wants and needs as Ford implements its Blueprint for Mobility and its One Ford plan for profitable growth. In the new role, Ballew will lead the companyís data and analytic efforts globally, establishing an enterprise-wide vision for analytics and integrating all of Fordís research, analytics, processes, standards, tools and partner engagement. He will report to Bob Shanks, executive vice president and chief financial officer. The appointment is effective January 5, 2015. Ballew most recently was global chief data, insights and analytics officer at Dun and Bradstreet.
December 15, 2014
13:16 EDTFIATY, F, GMUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website 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
11:30 EDTGMGeneral Motors management to meet with Sterne Agee
Meeting to be held in New York on December 19 hosted by Sterne Agee.
10:00 EDTFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
06:55 EDTGM, FIATY, FTakata tightening restrictions on suppliers, Reuters reports
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06:53 EDTFFord downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank cut its rating on Ford Motor shares to Hold with the stock near its price target of $16. Deutsche says it is more cautious about investing in U.S. auto names with the market entering its sixth year of recovery. Shares of the car maker closed Friday down 29c to $14.99.

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