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Stock Market & Financial Investment News

News Breaks
October 5, 2012
07:56 EDTGM, FIATYGeneral Motors: Opel not for sale, Reuters reports
GM (GM) reiterated its commitment to its troubled European arm Opel, rejecting on speculation it might be interested in selling the brand to Fiat (FIATY), reports Reuters "Opel is not for sale. GM fully stands behind Opel," said GM Vice Chairman Stephen Girsky. Reference Link
News For GM;FIATY From The Last 14 Days
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June 18, 2013
14:17 EDTFIATYChrysler, NHTSA resolve recall request
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10:54 EDTFIATYEuropean auto sales decline to 20 year low, Reuters says
European car sales decreased in May to their lowest level for the month in 20 years, says Reuters. Data from the Association of European Carmakers showed Germany, France and Italy, suffered almost double-digit percentage declines in May, Reuters added. Reference Link
07:13 EDTGMEuropean car sales at 20 year low, Bloomberg reports
European car sales fell to a two decade low in May as rising joblessness caused by a recession in the euro region reduced demand at Peugeot (PEUGY), Renault and GM (GM), reports Bloomberg.Reference Link
06:01 EDTGMOn the Fly: Periodicals Wrap-Up
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June 17, 2013
14:05 EDTGMGM may benefit from lease expirations this year, Automotive News says
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11:10 EDTGMSierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
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06:07 EDTGMStates push automakers to sell no-emission cars, Bloomberg reports
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June 15, 2013
16:05 EDTGMGeneral Motors recalling more than 193,652 SUVs on fire risk, AP says
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June 14, 2013
07:15 EDTFIATYFiat, Chrysler nears refinancing deal, Bloomberg reports
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06:08 EDTFIATYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The strong Q1 corporate profits may not be as good as they look, according to an analysis by the Wall Street Journal that shows that the extension of a big tax credit quietly boosted the profits of dozens of companies...Many investors have lowered their expectations for future inflation, a shift that could get the attention of Fed officials as they consider the course of their bond-buying program at a policy meeting next week. The Fed has a 2% inflation goal and doesn't want consumer prices to veer too much above or below that number over time, the Wall Street Journal reports...REUTERS: Proxy advisory firm Institutional Shareholder Services urged Clearwire (CLWR) shareholders to vote against majority shareholder Sprint Nextel’s (S) $3.40 per share offer for Clearwire stock it does not already own, Reuters reports...U.S. investment firm Royalty Pharma said it expects the majority of takeover target Elan's (ELN) shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday, Reuters reports...BLOOMBERG: Boeing (BA), coming back from the 787 Dreamliner’s three-month grounding, is moving closer to a further production increase that would reward investors by freeing up billions of dollars for dividends and buybacks, Bloomberg reports...Fiat (FIATY) and Chrysler Group CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, sources say, Bloomberg reports.
June 13, 2013
19:23 EDTFIATYChrysler to recall 1,200 heavy-duty trucks
Chrysler will recall approximately 1,200 heavy-duty pickup trucks to ensure their headlamps comply with regulations when in high-beam mode. An internal investigation by Chrysler engineers discovered some vehicles were assembled with headlamps whose high beams may not comply with standards governing aim and intensity. Chrysler is unaware of any associated accidents injuries or complaints. The recall is limited to certain 2013 Ram 2500 and 3500 models equipped with premium headlamps. Approximately 1,100 are in the U.S., 170 are in Canada and 15 are outside the NAFTA region.
08:03 EDTGMGM denies it will produce Chevrolet Cruze in Poland, Reuters reports
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June 12, 2013
10:14 EDTFIATYOn the Fly: Downgrade Summary
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07:23 EDTGMElectric car makers cut prices to catch Toyota, Globe and Mail reports
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07:09 EDTGMToyota 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
06:05 EDTGMOn 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.
05:33 EDTFIATYFiat downgraded to Neutral from Buy at UBS
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June 11, 2013
14:43 EDTGMGeneral 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.
14:14 EDTGMGeneral Motors to host conference call
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14:11 EDTGMGeneral 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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