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News For GM;FDX;ORCL;GIS;RMCF;BTH;KCG;NAV;AA;ONTY From The Last 14 Days Check below for free stories on GM;FDX;ORCL;GIS;RMCF;BTH;KCG;NAV;AA;ONTY the last two weeks. |
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| June 17, 2013 |
| 19:07 EDT |  | ORCL | Oracle secures judgment against ServiceKey
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| 14:05 EDT |  | GM | GM may benefit from lease expirations this year, Automotive News says
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| 12:00 EDT |  | NAV | Options with decreasing implied volatility: NAV SUPN PVH IVR DOLE
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| 11:15 EDT | | ORCL | Oracle June volatility up into Q4 and outlook for cash return to shareholders
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| 11:10 EDT |  | GM | Sierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
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| 10:17 EDT | | FDX | FedEx June volatility elevated at 44 into Q4 and China growth outlook
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| 07:51 EDT | | FDX | FedEx Q4 EPS likely to be in bottom half of guidance range, says Oppenheimer
Oppenheimer expects FedEx's Q4 adjusted EPS to be at the bottom half of its guidance range. However, the firm thinks the company's adjusted EPS can rise about 20% in FY14, and it keeps an Outperform rating on the stock. |
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| 06:07 EDT | | GM | States push automakers to sell no-emission cars, Bloomberg reports
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| June 15, 2013 |
| 16:05 EDT | | GM | General Motors recalling more than 193,652 SUVs on fire risk, AP says
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| June 14, 2013 |
| 14:47 EDT | | NAV | S&P cuts Navistar Intl, Navistar Financial to B- from B, outlook negative
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| 11:14 EDT | | NAV | Options with decreasing implied volatility: SUPN CTRX NAV ULTA
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| June 13, 2013 |
| 11:55 EDT | | NAV | Data shows NAV truck market struggled in May, says Wells Fargo
Wells Fargo says Ward's U.S. retail sales data for May shows that NAV continues to struggle with market share amid the engine technology transition. Class 8 truck market share for May dropped to 12.5% from 15.0% in April, with PACCAR (PCAR) and Volvo (VOLVY) gaining share and Daimler (DDAIF) losing share, Wells noted, citing Ward's data. |
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| 11:51 EDT | | NAV | Options with decreasing implied volatility: NAV CTRX ULTA LAMR LYV
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| 08:03 EDT | | GM | GM denies it will produce Chevrolet Cruze in Poland, Reuters reports
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| 06:03 EDT | | FDX | FedEx to fight U.S. in online pharmacy investigation, Bloomberg reports
FedEx Corp. (FDX) said it will fight any charges that may result from a federal investigation into drug shipments by illegal online pharmacies, bucking both government investigators and rival United Parcel Service (UPS) which settled similar allegations, reports Bloomberg. Reference Link |
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| June 12, 2013 |
| 11:32 EDT | | NAV | Options with decreasing implied volatility: TIVO LAMR FRAN RPRX NAV
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| 10:28 EDT | | FDX | FedEx June volatility elevated into Q4 results and China growth outlook
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| 07:23 EDT | | GM | Electric car makers cut prices to catch Toyota, Globe and Mail reports
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| 07:09 EDT | | GM | Toyota shifts to qualtiy from expansion, Reuters reports
Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the car maker is shifting to improving quality from aggressively expanding sales, reports Reuters.Reference Link |
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| 06:05 EDT | | GM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The tectonic plates of the world economy are shifting, moving the yield on the 10-year Treasury to the highest level in more than a year and shaking financial markets. Now, some constants are being questioned in markets, triggering paroxysms in stocks, bonds, commodities and the currencies of emerging markets, the Wall Street Journal reports...Drugstores (CVS, RAD, WAG) are preparing to change how they stock and sell a widely used emergency contraceptive after the Obama administration agreed to allow the pill to be sold over the counter to customers of all ages. Sold primarily under the brand name Plan B (TEVA, ACT, PRGO), the pill is currently stocked behind pharmacy counters, the Wall Street Journal reports...REUTERS: If currency turbulence in emerging markets becomes a full-scale investor flight, the Fed may have a new headache in deciding when to slow its dollar printing policy. The link between U.S. monetary policy and currency runs on the other side of the world could be tighter than many assume, Reuters reports...Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the carmaker is shifting to improving quality from aggressively expanding sales, Reuters reports...BLOOMBERG: Exchange executives (NYX, NDAQ), long shielded from legal scrutiny in the U.S., have been put on notice that may be changing after federal regulators fined CBOE Holdings (CBOE) $6M for unprecedented lapses in supervision, Bloomberg reports...Borealis Infrastructure Management and its Kuwaiti-British partners abandoned their $8.3B bid for the U.K. water utility Severn Trent (SVTRY) as the offer deadline expired, Bloomberg reports. |
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| June 11, 2013 |
| 14:43 EDT | | GM | General Motors volatility flat into 2013 Global Business Conference Call
General Motors June call option implied volatility is at 31, July is at 26, September is at 27; compared to its 26-week average of 30 according to Track Data, suggesting non-directional price movement into a 2013 Global Business Conference Call on June 12. |
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| 14:14 EDT |  | GM | General Motors to host conference call
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| 14:11 EDT | | GM | General Motors to host conference call
2013 Global Business Conference Call - Morning Session - is being held on June 12 at 10 am. Webcast Link |
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| 11:51 EDT | | GM | Allstate selected as General Motors U.S. roadside assistance provider
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| 11:43 EDT | | NAV | Options with decreasing implied volatility: SUPN OPK ANN NAV PAY
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| 10:03 EDT |  | NAV | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Outperform from Market Perform at Leerink... Arthur J. Gallagher (AJG) upgraded to Buy from Neutral at Goldman... Catamaran (CTRX) upgraded to Buy from Neutral at UBS... Disney (DIS) upgraded to Outperform from Neutral at Macquarie... Fly Leasing (FLY) upgraded to Buy from Neutral at Citigroup... Navistar (NAV) upgraded to Market Perform from Underperform... Questcor (QCOR) upgraded to Buy from Fair Value at CRT Capital... Talisman Energy (TLM) upgraded to Buy from Hold at Tudor Pickering... Synergetics (SURG) upgraded to Buy from Hold at Craig-Hallum... RBC Bearings (ROLL) upgraded to Outperform from Market Perform at Barrington. |
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| 09:26 EDT | | GM | General Motors price target raised to $50 from $40 at Buckingham
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| 08:42 EDT | | GM | GM cuts price of Chevy Volt electric car, Detroit Free Press says
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| 07:38 EDT | | ORCL | Oracle's Hurd has 'no interest' in taking over as Dell CEO, AllThingsD says
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| 07:32 EDT | | BTH | Corporate Board Member to host a forum
4th Annual Chairman & CEO Peer Forum is being held in New York on June 11. |
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| 06:27 EDT | | NAV | Navistar upgraded to Market Perform from Underperform at BMO Capital
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| 05:46 EDT | | GM | Market for high-priced skyscrapers grows, WSJ reports
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| June 10, 2013 |
| 19:58 EDT | | GM | General Motors gets Spyker suit thrown out, Bloomberg says
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| 16:53 EDT |  | GIS | General Mills raises FY13 adjusted EPS guidance to $2.68-$2.69 from $2.66-$2.68
Consensus is for FY13 EPS of $2.70. In conjunction with remarks this week at the Deutsche Bank Global Consumer Conference, General Mills said it now expects to deliver FY13 adjusted diluted EPS of $2.68-$2.69. The company's previous guidance was $2.66-$2.68. General Mills' FY13 ended May 26. The company also reiterated guidance for FY14 of high single-digit growth in adjusted diluted EPS and increased cash returns to shareholders. |
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| 16:12 EDT | | NAV | Navistar says 'not satisfied' with Q2 results, May had strong start
The company said, "We are not satisfied with our overall financial results this quarter, but we are pleased with the continued progress we made in a number of areas on our turnaround plan. We still face some significant, yet solvable challenges, primarily in the areas of higher pre-existing warranty costs for our earlier EPA 2010 emissions level engines, as well as in rebuilding sales and restoring market share. However, we are already implementing the right leadership and business process changes to effectively address these priority issues...We are off to a strong start as May orders were up 38% versus the average sales rate for the previous quarter, driven higher by strong interest in the MaxxForce 13-liter with SCR and the ProStar ISX." Navistar finished Q2 with $1.16B in manufacturing cash and marketable securities, exceeding its cash guidance range of $1.0B-$1.1B. Navistar's manufacturing cash guidance for the end of Q3 ranges from $1.0B-$1.1B, the company said. |
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| 16:09 EDT | | NAV | Navistar reports Q2 EPS ex dis ops ($4.39), may not compare to consensus ($1.13)
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| 15:15 EDT | | NAV | Navistar June weekly volatility elevated at 123 into Q2 and outlook
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| 13:00 EDT | | GM | Pickup price gains outpacing industry, Automotive News says
The average price for full-size pickups has jumped by 8% since 2005, after adjusting for inflation, Edmunds.com found, according to Automotive News. The price increase for pickups since 2005 is more than double the overall price increase for autos, Edmunds.com reported, Automotive News added. Reference Link |
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| 11:04 EDT | | AA | U.S. Steel appoints former Alcoa executive as chief procurement officer
United States Steel (X) announced the appointment of Christine Breves to the role of vice president and chief procurement officer. Breves joins U. S. Steel following her retirement from Alcoa Inc. (AA) in January and has more than 30 years experience in leading procurement and global sourcing strategies for large industrial firms in the mining and metals sector, U.S. Steel said. |
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| 08:31 EDT | | FDX | FedEx Freight to increase shipping rates
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| 07:17 EDT | | ORCL | Storage Networking Industry Association to host conference
Storage Plumbing & Data Engineering Conference is being held in Santa Clara on June 10-12. |
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| 07:10 EDT | | GM | Electric Drive Transportation Association to host annual meeting
2013 EDTA Conference & Annual Meeting is being held in Washington, D.C. on June 10-12. |
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| June 9, 2013 |
| 20:53 EDT | | GM | GM China JV to recall almost 208,000 cars, WSJ says
On June 15, Shanghai General Motors will begin recalling almost 208,000 Buick LaCrosse cars built in China because of possible brake-fluid leaks, says the Wall Street Journal, citing China's quality control agency . Shanghai General Motors is a joint venture between General Motors and Shanghai's SAIC Motor Corp, added the Journal. Reference Link |
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| 18:32 EDT | | ORCL | Ciena, F5 Networks, Oracle, Cisco could benefit from network war, Barron's says
As Internet content and means of distribution expand, Ciena (CIEN), F5 Networks (FFIV), Oracle (ORCL), and Cisco (CSCO) could benefit from the evolution of the network and any battles between telecommunications companies and Internet content providers, Barron's contends in its Technology Trader column. Reference Link |
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| June 8, 2013 |
| 17:25 EDT | | ORCL | Icahn, Southeastern prepare list of CEO candidates for Dell, Reuters says
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| June 7, 2013 |
| 14:39 EDT |  | GM | Shares poised to finish week higher as jobs report reassures investors
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| 13:24 EDT | | GM | GM production change leads to strike threat, Reuters reports
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| 08:41 EDT | | ORCL | Salesforce.com hiring of former Oracle executive positive, says JMP Securities
After Salesforce.com announced that it had hired the former Oracle (ORCL) executive vice president of North America, Keith Block, JMP Securities says that Block is arguably the best enterprise software sales leader in the world. The firm expects Block to attract many of his "sales disciples" to Salesforce.com. The firm keeps a $49 price target and Outperform rating on the stock. |
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| 07:52 EDT | | GM | Indonesia approves tax breaks on low-emission cars, Bloomberg says
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| 06:30 EDT |  | GM | Treasury receives $1.03B for sale of 30M GM shares at $34.41
The Treasury department announced last night that it has agreed to sell 30M shares of General Motors common stock at $34.41 per share in an underwritten public offering in conjunction with GM's inclusion in the S&P 500 index. The aggregate proceeds to Treasury from the common stock offering are expected to total approximately $1.03B. The UAW Retiree Medical Benefits Trust has also agreed to sell 20MM shares in the offering, making the total offering size 50M shares. Aggregate proceeds to VEBA from the common stock offering are expected to total approximately $688M. After giving effect to this offering, Treasury will own approximately 189.2M shares of GM common stock. At the conclusion of this sale, the taxpayers will have recovered $32.53B of the initial GM investment, Treasury added. |
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| 06:14 EDT | | GM | General Motors 50M share Secondary priced at $34.41
Citigroup, JPMorgan and Morgan Stanley acted as joint book running managers for the offering. |
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| June 6, 2013 |
| 19:23 EDT | | ORCL | Former Oracle exec Block joins Salesforce.com as president
Salesforce.com (CRM) announced that Keith Block has joined the company as president and VP, leading the company's global sales, customer support and consulting services organizations. In addition, Block has been appointed to Salesforce.com's board of directors. Block was most recently executive VP of North America Sales & Consulting at Oracle (ORCL). |
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| 14:53 EDT | | GM | General Motors says will continue to consider ways to return capital to holders
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| 13:15 EDT | | GM | GM to provide free maintenance for many vehicles, Automotive News says
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| 10:35 EDT | | FDX | FedEx June volatility elevated at 31 into Q4 and China outlook
FedEx June call option implied volatility of 31, July is at 26, October is at 24; above its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q4 results before the market open on June 19. |
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| 10:01 EDT |  | ORCL | On The Fly: Analyst Downgrade Summary
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| 09:16 EDT | | FDX | FedEx shares could become more attractive after Q4 results, says RBC Capital
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| 08:54 EDT | | ORCL | Oracle downgraded to Sell from Hold at Berenberg
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| 05:49 EDT | | ORCL | Stocks with implied volatility movement; CL ORCL
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| June 5, 2013 |
| 16:26 EDT | | GM | On The Fly: Closing Wrap
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| 15:12 EDT | | NAV | Navistar June volatility elevated at 73 into Q2 and outlook
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| 12:32 EDT | | GM | On The Fly: Midday Wrap
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| 10:57 EDT | | GM | Ford, GM China sales increased in May, Automotive News says
Ford's (F) sales in China jumped 45% year-over-year last month, according to Automotive News. GM (GM) and its Chinese joint ventures saw their sales increase 9% in the Asian country last month, the website added. Reference Link |
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| 08:17 EDT | | GM | Treasury to sell 30M shares of GM with index inclusion
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| 08:05 EDT | | GM | General Motors volatility flat into U.S. Treasury saying it will sell 30M shares
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| 08:03 EDT | | GM | Treasury announces plans to sell 30M shares of General Motors
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| 06:49 EDT | | GM | High demand for electric cars makes supply limited, LA Times says
An increase in demand for electric vehicles, such as Fiat's (FIATY) 500e, Nissan's (NSANY) Leaf, Honda's (HMC) Fit EV and Chevy's (GM) Spark, is also increasing their scarcity, especially after a drop in their lease prices, reported The Los Angeles Times. Reference Link |
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| 06:25 EDT | | ORCL | Software Sector upgraded to Attractive from Neutral at Goldman
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| June 4, 2013 |
| 13:33 EDT | | GIS | General Mills announces recall for small quantity of Cinnamon Toast Crunch
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| 12:32 EDT | | GM | On The Fly: Midday Wrap
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| 12:32 EDT | | ORCL | Dell, Oracle introduce x86 infrastructure offering
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| 10:14 EDT | | GM | NHTSA investigating 400,000 GM cars for air bag defects, Detroit News reports
The National Highway Traffic Safety Administration is opening an investigation to determine if General Motors should recall 400,000 vehicles for detective air bags, reports Detroit News. The NHTSA is looking into a defect that could result in a short preventing the primary stage of the airbag from deploying in the event of a crash. Reference Link |
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| 09:23 EDT | | GM | On The Fly: Pre-market Movers
HIGHER: ExactTarget (ET), up 52.7% after agreeing to be acquired by Salesforce.com (CRM) for $33.75 per share in cash. ExactTarget peer Responsys (MKTG) up 9.2% in reaction to deal, while Salesforce shares down 4.1%... Morgans Hotel (MHGC), up 18.1% after announcing intention to explore strategic alternatives... General Motors (GM), up 2.5% after selection to replace Heinz (HNZ) in S&P 500 as of the market close on June 6. UP AFTER EARNINGS: G-III Apparel (GIII), up 7%. DOWN AFTER EARNINGS: Dollar General (DG), down 7.2%... SAIC (SAI), down 3.4%. ALSO LOWER: Rigel (RIGL), down 21.6% after announcing trial results, downgrades at Piper Jaffray and Oppenheimer... Barrick Gold (ABX), down 1.7% after saying production at Pascua-Lama to be delayed past previous target. |
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| 08:30 EDT | | ORCL | Oracle has room to double its dividend, says UBS
UBS said Oracle's strong, predictable cash flow could fund a doubling of its current 6c/quarter dividend. The firm rates shares a Buy with a $37.50 price target. |
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| 08:02 EDT | | FDX | FedEx aggressively reducing fleet, says BofA/Merrill
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| 07:10 EDT | | GM | Auto industry sales may be leveling off, WSJ reports
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| 06:07 EDT | | GM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Strong demand for pickup trucks and sport-utility vehicles boosted U.S. sales in May for major automakers (F, GM, NSANY, TM), but the auto industry rebound that has helped buoy the U.S. economy since early last year is showing signs of leveling off, the Wall Street Journal reports...In the midst of North America's energy boom (CHK, HESS, RIG, OXY, MUR, APA), several long-serving CEOs and board chairmen have been booted in recent months, pushed out by activist shareholders demanding restraint and oversight. Others appear to be running scared, making shareholder-friendly gestures, including higher dividends and lower executive pay, the Wall Street Journal reports...REUTERS: Japan's government is set to urge the nation's public pension funds- a pool of over $2T -to increase their investment in equities and overseas assets as part of a growth strategy being readied by Prime Minister Shinzo Abe, sources say, Reuters reports...Two companies linked to Chinese state-backed groups- Chinalco Mining Corp. International or Hong Kong-listed MMG group -are weighing rival bids for Glencore Xstrata’s (GLNCY) roughly $5B worth of copper mines in Peru, sources say, Reuters reports...BLOOMBERG: Stocks gained in Europe and Asia after a Federal Reserve official said the bank is committed to record stimulus. The dollar strengthened, commodities fell and Turkish shares rebounded from the biggest drop in a decade, Bloomberg reports...Airline executives (DLAKY, are set to spend more on orders for the latest wide-body planes from Airbus SAS (EADSY) and Boeing (BA) as consolidation and cost cuts give them more reason for optimism for a rebound in earnings this year, Bloomberg reports. |
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