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Stock Market & Financial Investment News

News For GM;FDX;ORCL;GIS;RMCF;BTH;KCG;NAV;AA;ONTY From The Last 14 Days
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August 4, 2015
10:05 EDTGMGM invests $877M for Flint assembly upgrades
General Motors announced plans to invest $877M to build a new body shop for the Flint assembly plant, locating it closer to the Flint Metal Center, which supplies sheet metal and other parts used in the Chevrolet and GMC full-size pickups produced in the assembly plant. The investment will also cover improvements to the general assembly area inside Flint Assembly, as well as retooling and the installation of new equipment at the plant. Today’s announcement completes the $5.4B in investments GM and the UAW announced at the end of April, GM noted.
10:01 EDTAAOn The Fly: Analyst Upgrade Summary
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05:32 EDTAAAlcoa upgraded to Buy from Neutral at UBS
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August 3, 2015
18:19 EDTGMGM compensation fund reports 398 ignition switch injuries, deaths
The fund established by GM to compensate victims of faulty ignition switches reported that the total number of claims has reached 398. Eligible death claims stand unchanged at 124, while total injury claims reached 274, according to the fund. Reference Link
16:45 EDTGMOn The Fly: Top stock stories for Monday
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12:30 EDTGMOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday following a busy morning of economic data that included manufacturing readings from around the globe. Also making headlines was the resumption of stock trading in Greece's, whose key index plunged more than 20% upon its opening after being closed throughout July as the country brokered a new financial assistance deal with its creditors. ECONOMIC EVENTS: In the U.S., a news service broke the Institute for Supply Management's embargo early and the group's manufacturing report was released before the opening bell instead of after it, as expected. ISM's manufacturing index for July came in at 52.7, below the consensus forecast for a reading of 53.5. Markit's manufacturing index for July came in at 53.8, matching expectations. Personal income rose 0.4% in June, versus expectations for a gain of 0.3%, while consumer spending rose 0.2%, matching expectations. Construction spending edged up 0.1% in June, missing expectations for spending to have grown 0.6%. In China, the official purchasing managers' index released by the statistics bureau fell to a five month low of 50, compared with the previous month's 50.2 reading, where economists polled by Reuters forecast it to hold. The Caixin China PMI, which focuses more on small and medium sized firms, fell to a two year low of 47.8, which was lower than the preliminary reading of 48.2 for July. In Europe, Markit's final Eurozone manufacturing PMI of 52.4 beat a preliminary estimate of 52.2, but ticked down a hair from June's 52.5 reading. Greece's Athens Stock Exchange reopened for the first time since being closed on June 29 and the Athex composite plunged more than 20% in early trading upon the resumption of trading. COMPANY NEWS: General Motors (GM) reported its U.S. sales jumped 6.4% in July compared to the same month of last year, topping expectations. FCA US, the parent of the Chrysler and Jeep brands, reported U.S. sales increased 6.2% in July and Ford's (F) sales growth of 5% last month compared to last year also beat the consensus forecast. Of note, GM said the month indicates annual light vehicle sales of 17.6M, above the company's 2015 estimate for U.S. industry sales of 16.5M-17M, while FCA US projected U.S. industry sales figures for July at an estimated 17.8M units Seasonally Adjusted Annual Rate, or SAAR. MAJOR MOVERS: Among the notable gainers was Lexicon Pharmaceuticals (LXRX), which jumped 59% after the company reported that a Phase 3 study evaluating the efficacy and safety of telotristat etiprate for carcinoid syndrome patients with metastatic neuroendocrine tumor met its primary endpoint. Wedbush analyst Liana Moussatos raised her price target for Lexicon to $19 from $17 after the report, saying the trial results were "impressive and transforming." Also higher was Frontier Communications (FTR), which gained 9.7% after reporting its second quarter results and raising its FY15 free cash flow view to $825M-$865M from $785M-$825M. Among the noteworthy losers was Tyson Foods (TSN), which fell 9% after the meat producer reported weaker than expected third quarter results and cut its full-year guidance, citing ongoing headwinds facing its beef business. INDEXES: Near midday, the Dow was down 78.84, or 0.45%, to 17,611.02, the Nasdaq was up 1.73, or 0.03%, to 5,130.01, and the S&P 500 was down 2.82, or 0.13%, to 2,101.02.
11:33 EDTGMTesla U.S. Model S sales estimated to fall to 1,600 in July, InsideEVs says
Tesla does not give out exact monthly sales figures, but InsideEVs estimates the company sold 1,600 Model S sedans in the U.S. in July, which would be down from the 2,800 estimated for June. In other EV sales, the report noted that GM's (GM) current generation Volt sold 1,313 units in July and Nissan's (NSANY) LEAF sales fell 61.1% from the same month of last year to 1,174 units. Reference Link
10:01 EDTAAAlcoa falls, levels to watch
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09:52 EDTGMGM U.S. sales rise 6.4% in July to 272,512 units
General Motor said its Chevrolet, Buick, GMC and Cadillac brands sold 272,512 vehicles in the United States in July, a 6.4% increase compared to last year. The month indicates annual light vehicle sales of 17.6M, above GM's 2015 estimate of 16.5M-17.0M. All Vehicles inventory at month-end stood at 665,663 units, equaling 64 days of supply. GM ended last month with 70 days of supply, or 722,653 units.
09:49 EDTGMGeneral Motors reports July U.S. sales up 6.4% to 272,512 units
July 31, 2015
12:17 EDTKCGOnline brokers fall after KCG says retail trading activity muted
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10:44 EDTFDXFedEx offer to acquire TNT Express enters Phase II review with EU
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10:30 EDTFDXFedEx still sees TNT deal completing in first half of 2016, Bloomberg reports
FedEx (FDX) continues to expect its acquisition of TNT Express (TNTEY) completing in the first half of 2016, Bloomberg reports. The company is confidence the deal will increase competition, the news service adds. The comments come after the European Union opened an investigation into the merger.
09:34 EDTFDXEurope opens investigation into FedEx acquisition of TNT Express
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08:14 EDTGMAmerican Axle selected by GM to provide axles, driveshafts
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07:06 EDTKCGKCG Holdings reports book value of $15.58 per share as of June 30, 2015
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07:06 EDTKCGKCG Holdings reports GAAP EPS (18c) vs. 8c last year
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07:03 EDTKCGKCG Holdings reports Q2 EPS (18c) vs. 8c a year ago
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06:00 EDTORCLOracle implied volatility of 16 at lower end of index mean range
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July 30, 2015
12:09 EDTGMFiat Chrysler CEO: 'No immediate plans' to divest Magneti Marelli, Reuters says
Fiat Chrysler (FCAU) CEO Sergio Marchionne said that the company has "no immediate plans" to divest Magneti Marelli, though there may be plans to do so in the future, Reuters reports, citing comments from the company's analyst call. Marchionne said that he sees the company breaking even in Brazil by the end of 2015 and that he wants to narrow the gap in labor costs with Ford (F) and GM (GM) in ongoing labor talks, the report says. The CEO added that he sees FY15 Maserati sales being flat or close to the previous year's levels, the report says. Reference Link
10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
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06:13 EDTGMGeneral Motors workers in South Korea approve wage deal, Reuters reports
GM workers in South Korea have voted to ratify a tentative wage deal under which GM Korea will raise the basic monthly wage by 83,000 won and pay each worker 10.5M won in bonuses and incentives, Reuters reports. Reference Link
05:29 EDTORCLOracle upgraded to Buy from Hold at Jefferies
Jefferies analysts John DiFucci and Brad Zelnick upgraded Oracle to Buy and raised their price target for shares to $50 from $41. The software giant closed yesterday up 52c to $39.80. The 12c/Exadata product cycle will keep Oracle relevant in the Cloud, the analysts tell investors in a research note. Further, alternative database technologies like Hadoop and NoSQL "are not a death knell," they write. The analysts believe that some enterprises will continue to require on-premise solutions.
July 29, 2015
06:15 EDTGMGM's Chevrolet announces $1B investment in India
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06:14 EDTGMGM, Ford sales rise to level of German luxury auto makers, WSJ says
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05:55 EDTGMStocks with implied volatility movement; NCR GM
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July 28, 2015
14:41 EDTGMHigh option volume stocks
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13:47 EDTGMGeneral Motors would fit some Buffett 'take-private' criteria, FT says
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13:18 EDTGMChevrolet to invest $5B to strengthen position in growth markets
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13:18 EDTGMGeneral Motors sees doubling investment through 2018 in Brazil, Reuters reports
Jaime Ardila, the head of GM in South America, said at a press conference that the automaker will double its investment in Brazil to $3.8B through 2018, Reuters reports. The carmaker's investment will be aimed at developing new technologies and products, and GM plans to introduce a new family of vehicles into the country, Ardila says. Reference Link
08:49 EDTGMGeneral Motors outlook positive, says Argus
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06:41 EDTGMU.S. regulators pledge to continue auto safety crackdown, WSJ reports
Federal regulators have vowed to continue a crackdown on auto makers when discovering "significant" safety lapses, the Wall Street Journal reports. U.S. Transportation Secretary Anthony Foxx said Monday that he was "encouraged" by conversations with car companies about safety problems, the report says. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
06:12 EDTGMGM to spend $5B in global growth markets, Financial Times reports
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05:41 EDTORCLOracle FLEXCUBE selected by Maitland Group to deliver transfer agency services
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July 27, 2015
12:50 EDTGMEarnings Watch: Ford shares down approximately 9% since Q1 report
Ford Motor Co. (F) is expected to report second quarter earnings on Tuesday, July 28, before the market open with a conference call scheduled for 9:00 am ET. Ford is a manufacturer and distributor of cars and trucks across six continents. EXPECTATIONS: Analysts are looking for earnings per share of 37c on revenue of $35.34B, according to First Call. The consensus range for EPS is 26c-43c on revenue of $33.41B-$37.32B. LAST QUARTER: Ford reported first quarter adjusted EPS of 23c against estimates for 26c, on automotive revenue of $31.8B against estimates for $33.9B. Ford reported Q1 wholesales of 1.568M. It raised its FY15 North American pre-tax operating margin view to 8.5%-9.5% from 8%-9%, and reconfirmed its 2015 pre-tax profit guidance of $8.5B-$9.5B. Ford said it expects North America to have a very strong year in 2015, with substantial top-line growth, higher pre-tax profit, and an improved operating margin. Ford sees 2015 U.S. industry volume of 17M-17.5M vehicles, Europe 20 industry volume of 15.2M-15.7M vehicles, and China industry volume of 24M-26M, compared to the previous view for Europe 20 of 14.8M-15.3M and China of 24.5M-26.5M. On its Q1 conference call, Ford said it sees 2015 as a "breakthrough year" for the company. It sees results growing "progressively stronger" as new products continue to build momentum. It said it saw strong top-line growth in 2015, and expected to improve global market share. Results in the second half of 2015 were expected to be stronger than the first half due to product timing, and capacity launches. During the quarter, Ford reported the following: April U.S. sales up 5% to 222,498 vehicles; May U.S. sales down 1% to 250,813 units; and June U.S. sales up 1.6% to 225,647 units. STREET RESEARCH: Street research has been positive in the weeks leading up to Ford's Q2 earnings report. On June 23, Goldman upgraded Ford to Buy from Neutral. Goldman Sachs analyst Patrick Archambault shifted his preference in automakers, upgrading Ford to Buy from Neutral and downgrading General Motors (GM) to Neutral from Buy in a note to investors. The analyst cited a superior growth outlook at Ford, Ford's improving positioning in China, and rising truck incentives from GM. Archambault viewed Ford as less vulnerable to the slowing growth in the Chinese market. The analyst raised his price target on Ford to $19 from $18, and lowered his price target on GM to $40 from $47, but noted that the new target still has 11% upside. On June 10, UBS said the underperformance in Ford shares has made it an attractive time to buy the stock, as the firm believed the company should have a strong second half of the year. The firm cited the successful F-150 launch, with demand exceeding supply, as well as China sales and the company's restructuring efforts. UBS reiterated its Buy rating and $19 price target on Ford shares. PRICE ACTION: Ford's shares are down approximately 9% since its Q1 report and have lost about 18% year-over-year. In afternoon trading ahead of Tuesday's Q2 report, Ford is up fractionally.
11:01 EDTORCLFederal Court increase damages amount Oracle can seek against Rimini Street
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10:00 EDTNAVOn The Fly: Analyst Downgrade Summary
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08:52 EDTNAVNavistar Celadon Group finalized remaining 7,950 orders from Quality Companies
International Truck (NAV) announced it has finalized the remaining 7,950 orders from Quality Companies, a wholly owned subsidiary of Celadon Group (CGI). The 9,000 vehicle commitment consists primarily of International ProStar and LoneStar vehicles powered by Cummins ISX-15 engines, and will be spread across the next three years.
06:58 EDTORCLOracle using 'nuclear option' to sell its cloud products, Business Insider says
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06:43 EDTNAVNavistar downgraded to Sell from Neutral at Goldman
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July 26, 2015
15:35 EDTAAAlcoa looks 'far more promising' under CEO Kleinfeld, Barron's says
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14:57 EDTGMGeneral Motors shares look 'very cheap,' Barron's says
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July 24, 2015
17:21 EDTFDXFedEx backs FY16 $4.6B capital spending view
On July 21, FedEx Corporation’s wholly owned subsidiary Federal Express Corporation and The Boeing Company entered into Supplemental Agreement No. 6 to Purchase Agreement Number 3712 dated as of December 14, 2011, between Boeing and FedEx Express related to Boeing 767-300 Freighter aircraft. In the Supplemental Agreement, FedEx Express agreed to purchase 50 additional B767F aircraft from Boeing. Four of the 50 additional firm-order B767F aircraft purchases are conditioned upon there being no event that causes FedEx Express or its employees not to be covered by the Railway Labor Act of 1926, as amended. The 50 additional firm-order B767F aircraft are expected to be delivered from fiscal 2018 through fiscal 2023 and will enable FedEx Express to continue to improve the efficiency and reliability of its aircraft fleet. FedEx Express now has a total of 106 firm orders for B767F aircraft from Boeing through fiscal 2023. In the Supplemental Agreement, FedEx Express also acquired options to purchase an additional 15 B767F aircraft. As a result, FedEx Express now has options to purchase a total of 50 B767F aircraft from Boeing. Expected capital spending for FedEx Corporation for fiscal 2016 remains at approximately $4.6 billion. The impact to FedEx Corporation’s capital spending in fiscal 2017 from this new B767F aircraft order is expected to be immaterial.
16:30 EDTGMStocks end week lower as Apple headlines busy week of earnings
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13:55 EDTGMGeneral Motors falls, levels to watch
Shares were last down at $30.90. At that price next support is at $30.30 and then at $28.82 which is the 52-week low. Resistance is at $31.75.
13:19 EDTGMDOJ unlikely to charge General Motors with bankruptcy fraud, WSJ reports
According to sources, The Wall Street Journal reports that it is "unlikely" that General Motors will be charged with bankruptcy fraud by the DOJ. However, the sources say that prosecutors in the U.S. attorney's office in Manhattan are still considering charging GM with criminal wire-fraud and would hope to bring a case and reach a settlement with the automaker as early as September. Reference Link
13:16 EDTGMU.S. Attorney's office considering wire-fraud charges against GM, DJ reports
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10:00 EDTGMOn The Fly: Analyst Upgrade Summary
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07:32 EDTGMCiti sees 'plenty of reasons' to buy General Motors
Citi analyst Itay Michaeli sees "plenty of reasons" to buy shares of General Motors (GM) ahead the Q2 results and reiterates a Buy rating on the name. Strong results e could serve as a turning point for investor sentiment, Michaeli tells investors in a research note. He continues to expect GM shares will trade at a premium to Ford (F) by the end of 2015. The analyst reiterates a Buy rating on the stock with a $50 price target.
07:15 EDTGMGeneral Motors record margins increase confidence in 2016, says UBS
UBS said General Motors record North American margins increases the firm's confidence in 2016. The firm views GM's Q2 results as solid, citing stability in the China market, close to breakeven results in Europe and management guidance for improved performance in the second half of 2015. UBS reiterated its Buy rating and raised its price target to $49 from $46 on General Motors shares.
06:56 EDTGMGeneral Motors upgraded to Neutral from Underperform at Credit Suisse
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July 23, 2015
18:21 EDTGMOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
14:34 EDTFDXFedEx CEO says would do business in Iran if permitted
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14:30 EDTFDXFedEx CEO feels Fed shoud raise rates this year
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12:32 EDTGMOn The Fly: Top stock stories at midday
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11:37 EDTGMGM says FTC probing if dealers certified vehicles needing recall repairs
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10:33 EDTGMGM sees China auto industry to grow in low single digit range in 2015
10:20 EDTGMGM CEO says just completed car sharing program at Google HQ
General Motors (GM) CEO Mary Barra made the comment on the company's Q2 earnings conference call.
09:13 EDTGMOn The Fly: Pre-market Movers
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09:06 EDTAAAlcoa announces realignment of downstream portfolio
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09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.
08:05 EDTGMGM Financial reports Q2 net income $186M
GM Financial announced net income of $186 million for the quarter ended June 30, 2015, compared to $175 million for the quarter ended June 30, 2014. Earnings for the six months ended June 30, 2015 were $336 million, compared to $320 million for the six months ended June 30, 2014. Consumer loan originations were $4.3 billion for the quarter ended June 30, 2015, compared to $4.1 billion for the quarter ended March 31, 2015, and $3.6 billion for the quarter ended June 30, 2014. Consumer loan originations for the six months ended June 30, 2015 were $8.4 billion, compared to $7.0 billion for the six months ended June 30, 2014. The outstanding balance of consumer finance receivables was $27.3 billion at June 30, 2015. Operating lease originations of General Motors Company vehicles were $5.6 billion for the quarter ended June 30, 2015, compared to $3.0 billion for the quarter ended March 31, 2015, and $1.5 billion for the quarter ended June 30, 2014. Operating lease originations for the six months ended June 30, 2015 were $8.6 billion, compared to $2.3 billion for the six months ended June 30, 2014. Leased vehicles, net was $12.9 billion at June 30, 2015. The outstanding balance of commercial finance receivables was $7.8 billion at June 30, 2015 compared to $7.6 billion at March 31, 2015 and $7.1 billion at June 30, 2014. Consumer finance receivables 31-to-60 days delinquent were 3.6% of the portfolio at June 30, 2015, compared to 3.5% at June 30, 2014. Accounts more than 60 days delinquent were 1.6% of the portfolio at June 30, 2015 and June 30, 2014. Annualized net credit losses were 1.6% of average consumer finance receivables for the quarter ended June 30, 2015 and 1.4% for the quarter ended June 30, 2014. For the six months ended June 30, 2015, annualized consumer net credit losses were 1.7%, compared to 1.6% for the six months ended June 30, 2014. The Company had total available liquidity of $12.9 billion at June 30, 2015, consisting of $2.1 billion of unrestricted cash, $9.2 billion of borrowing capacity on unpledged eligible assets, $0.6 billion of borrowing capacity on unsecured lines of credit and $1.0 billion of borrowing capacity on a Junior Subordinated Revolving Credit Facility from GM.
07:56 EDTGMGeneral Motors CFO says expects second half to be better than first half
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07:48 EDTGMGeneral Motors up 6% to $32.10 after Q2 earnings top expectations
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07:47 EDTGMGeneral Motors reports Q2 worldwide market share of 11.1%
Reports Q2 North America market share of 17.1%, including 17.6% in the U.S. Reports Europe market share of 6.3%. Reports APMEA market share of 9.9%. Reports South America market share of 15%.
07:45 EDTGMGeneral Motors reports Q2 worldwide vehicles sales of 2.46M
General Motors reports Q2 North America vehicle sales of 965,000, including 822,000 in the U.S. Reports Q2 Europe vehicles sales of 319,000. Reports Q2 Asia/Pacific, Middle East and Africa vehicle sales of 1.02M. Reports Q2 South America vehicle sales of 156,000.
07:41 EDTGMGeneral Motors reaffirms 2015 outlook for improved EBIT-adjusted
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07:38 EDTGMGeneral Motors attributes lower Q2 revenue to negative currency impact
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07:36 EDTGMGeneral Motors CEO says first two quarters of year were strong
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07:36 EDTGMGeneral Motors reports Q2 adjusted EPS $1.29, consensus $1.08
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06:32 EDTORCLOracle requests permission to update suit against Google, Reuters reports
Oracle (ORCL) has requested permission from a U.S. judge to update its copyright lawsuit against Google (GOOG) to include the Android operating system's current market dominance, Reuters reports. Oracle has said it wants the suit to add that Google continues its copyright infringement through updated versions of Android, the report says. Reference Link
06:19 EDTGMUAW concerned over auto production moving to Mexico, NYT says
The greatest concern for the United Automobile Workers, or UAW, union as it enters discussions on new contracts with Detroit auto makers Fiat Chrysler (FCAU), Ford (F), and General Motors (GM) is losing vehicle production to lower-wage countries such as Mexico, the New York Times reports. Union president Dennis Williams was upset over comments last week that suggested that Ford was considering sending work to Mexico in an effort to cut costs, the report says. "I will save my comments on Ford for when we open up negotiations,” Mr. Williams said. “But it is always concerning to me when any company invests outside the United States.” Reference Link
July 22, 2015
15:26 EDTGMNotable companies reporting before tomorrow's open
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14:50 EDTGMGeneral Motors technical comments ahead of earnings
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13:24 EDTGMEarnings Preview: General Motors down approximately 20% since Q1 report
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08:20 EDTGMGeneral Motors July weekly volatility elevated into Q2 and outlook
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07:18 EDTGMAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
17:41 EDTFDXFedEx to acquire fifty additional 767-300F aircraft from Boeing
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14:24 EDTORCLEarnings Watch: EMC reports amid M&A speculation in sector
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10:01 EDTGISOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
09:40 EDTGMJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
08:36 EDTNAVNavistar awarded order for 1,050 tractors
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07:15 EDTORCLOracle management to meet with Deutsche Bank
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06:46 EDTGISGeneral Mills upgraded to Outperform from Sector Perform at RBC Capital
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06:45 EDTGISBonduelle in talks for bid to buy Green Giant, Reuters reports
Bonduelle is in talks to team with Centerview Partners in a bid to purchase General Mills' Green Giant frozen and canned vegetables unit, Reuters reports, citing people familiar with the matter. Reference Link
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