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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 23, 2015
18:23 EDTGMGM, Volkswagen slow production at Chinese factories, WSJ says
Auto manufacturers including General Motors (GM) and Volkswagen (VLKAY) appear to be running their Chinese factories at less than maximum capacity for the first time, reports the Wall Street Journal, citing industry data. The numbers suggest that a "bumpier ride" may be in store for multinationals that counted on Chinese demand, said the report. "The situation seems worse than that of 2008," remarked an engineer working at GM's Shanghai plant. Reference Link
17:40 EDTFDXJudge sends FedEx driver lawsuit back to trial court, Bloomberg says
A federal appeals court has sent a dispute over the employment status of FedEx drivers back to trial court, saying a jury must decide whether the drivers are independent contractors or full-fledged employees, reports Bloomberg. The verdict gives FedEx another chance to defend its practices, according to the report. Reference Link
August 21, 2015
06:46 EDTGMGM recalling 5,493 2014-2015 Chevrolet Impala vehicles
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06:34 EDTFDXFedEx to launch EUR 8.00 bid for TNT Express on Aug. 24
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August 20, 2015
17:52 EDTFDXUPS pilots President issues statement on FedEx/ALPA tentative agreement
The following statement is from Captain Robert Travis, President of the Independent Pilots Association regarding the tentative pilot labor agreement between FedEx (FDX) and ALPA: "We congratulate our pilot peers and FedEx on reaching a new tentative collective bargaining agreement. While we have not seen the details, the IPA will refrain from commenting on the merits of the tentative agreement until the ALPA ratification process has been completed. If approved, however, the FedEx pilot contract will bring labor peace to our largest competitor. In sharp contrast, UPS (UPS) management has created a bitter standoff with its pilot employees, unnecessarily dragging out contract talks for four years. UPS must not allow itself to be left behind by FedEx. The IPA calls on UPS management to work with its pilots to expeditiously achieve an agreement."
17:33 EDTFDXFedEx reaches tentative agreement with Air Line Pilots Association
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12:05 EDTFDXBoeing reports eight new orders in weekly update
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11:49 EDTORCLOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ACHN VIAV ZG RAD DIS ORCL SPY XLF OEX
10:00 EDTKCGOn The Fly: Analyst Upgrade Summary
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08:32 EDTORCLOracle agrees to acquire Maxymiser
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06:07 EDTKCGKCG Holdings upgraded to Outperform from Market Perform at Wells Fargo
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August 19, 2015
13:35 EDTGMGM investing C$12M for added Chevrolet Equinox production at Oshawa Assembly
GM Canada president and managing director Steve Carlisle announced that GM will invest C$12M to increase Chevrolet Equinox production on the Consolidated production line at Oshawa Assembly and for related changes in the body shop at CAMI Assembly. This further investment in Ontario-based production and supplier tools will help to meet strong North American customer demand for the Chevrolet Equinox. The investment extends plans for ongoing Oshawa Assembly Consolidated Line production to 2017. GM has invested approximately C$800M in its Oshawa and St. Catharines operations over the past 3 years and recently announced a further $800M investment in its CAMI operation in Ingersoll, Ontario.
10:00 EDTNAVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Biocept (BIOC) initiated with a Buy at H.C. Wainwright... C.H. Robinson (CHRW) initiated with a Buy at Evercore ISI... Chipotle (CMG) initiated with a Hold at Maxim... Con-way (CNW) initiated with a Buy at Evercore ISI... Dermira (DERM) initiated with an Outperform at Cowen... Expeditors (EXPD) initiated with a Hold at Evercore ISI... Fleetmatics (FLTX) initiated with an In-Line at Imperial Capital... Frontier Communications (FTR) initiated with an Overweight at Stephens... Gevo (GEVO) initiated with a Buy at Rodman & Renshaw... International Game (IGT) initiated with a Sell at Goldman... Knight Transportation (KNX) initiated with a Buy at Evercore ISI... Logitech (LOGI) initiated with a Buy at Rosenblatt... Navistar (NAV) initiated with a Neutral at Macquarie... Panera Bread (PNRA) initiated with a Hold at Maxim... Scientific Games (SGMS) initiated with a Sell at Goldman... Swift Transport (SWFT) initiated with a Hold at Evercore ISI... Tribune Media (TRCO) initiated with an Equal Weight at Morgan Stanley... WEX Inc. (WEX) initiated with an Equal Weight at Barclays... Zoe's Kitchen (ZOES) initiated with a Buy at Maxim.
06:31 EDTNAVNavistar initiated with a Neutral at Macquarie
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August 18, 2015
16:50 EDTGMGM's future Buick production may shift to Europe, China, Reuters reports
According to two sources familiar with General Motors' plans, the majority of Buick vehicles sold in the United States after 2016 may be imported from China and Europe, Reuters reports. Reference Link
15:58 EDTGMGM's future Buick production may shift to Europe, China, Reuters reports
09:29 EDTAAMorgan Stanley lowers Metals & Mining sector price targets by 33%
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06:39 EDTFDXUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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August 17, 2015
07:42 EDTGMNew Street-high target of $465 gives Tesla shares a charge
Shares of Tesla Motors (TSLA) are jumping after Morgan Stanley boosted its price target by $185 to $465, a new high among Wall Street analysts. The company is positioned to dominate as car sales shift to robot-driven and shared vehicles, the firm argues. SELLING MILES: Morgan Stanley analyst Adam Jonas raised his price target for Tesla Motors to $465 from $280, well above Friday's closing price of $243.15. Today, ten trillion vehicle miles are driven annually, with almost all of them delivered by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas tells investors in a research note. General Motors (GM), Ford (F), Toyota (TM) and Honda (HMC) are among the publicly traded traditional carmakers. The market of selling cars is going through some fundamental changes, argues Jonas. He believes Tesla is "uniquely positioned" to dominate given its expertise in autonomous technology and networked machine learning. An app-based, on-demand mobility service could more than triple Tesla's potential revenues by 2029, the analyst estimates. He expects Tesla over the next 18 months to roll out formalized business plans on shared mobility, allowing the electric vehicle maker to sell miles in addition to cars. His new price target of $465 reflects Tesla's potential to lead the revolution of the shared mobility public transportation hyper-structure and more confidence around the commercial viability of Tesla Energy. ROBOT-DRIVEN: Jonas expects nearly all car sales to eventually shift from human-driven, individually-owned cars to robot-driven and shared cars. If Tesla wants to succeed on its mission of accelerating the world's transition to sustainable transport, the move to a shared mobility model is critical, he argues. All of Tesla's cars are electric, connected, and able to "learn" through over-the- air firmware updates at any time, which no other established automaker can claim today, Jonas writes. MARKET REACTION: Investors are buying into what Jonas is arguing. Shares of Tesla are up 5%, or $13.10, to $256.25 in pre-market trading. Over the past three months through Friday's close, the stock is down 2%.
August 16, 2015
15:44 EDTGMGeneral Motors to invest 'several million' in historic factory renovation
General Motors announced that the "historic" Durant-Dort Factory One will be converted into an archive and research center as part of a renovation project. GM will invest several million dollars to create a modern archive to house the automotive collection currently located at Kettering University. The archive and research center will occupy the first floor of the east wing of Factory One. GM plans to develop the second floor of the east wing into a meeting area for GM, community and educational groups to conduct STEM-related classes, seminars and, potentially, research. The high-bay area in the west wing of the facility will be renovated to house classic vehicles and other historical artifacts. Once plans are finalized and a general contractor is selected, work on the archive and other interior projects could begin in early 2016 with the project completed in 2017, according to GM. Reference Link
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