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Stock Market & Financial Investment News

News Breaks
April 2, 2014
12:10 EDTGM, FNomura starts coverage of GM with Reduce rating
Japanese bank Nomura started research coverage of General Motors (GM) with a Reduce rating, saying that the company is vulnerable to macroeconomic challenges. WHAT'S NEW: With the media focusing on GM's ignition recall controversy, Nomura analyzed the company's fundamental outlook in a note to investors earlier today. The growth of demand for autos in the U.S. market has slowed since last September, while the industry is facing macroeconomic challenges, Nomura analyst Harald Hendrikse warned. GM is more vulnerable than Ford (F) to these macroeconomic challenges, given its plans to raise its profit margins in North America and cut its European losses, the analyst contended. GM's fiscal 2015 earnings per share is likely to be lower than expected, added Hendrikse, who has a $32 price target on the stock. WHAT'S NOTABLE: The analyst initiated Ford with a Neutral rating. Although the automaker also faces macroeconomic challenges it will probably benefit from strong growth in China and the launch of a new F-150 pickup this summer, Hendrikse wrote. Moreover, most of Ford's revenue comes from North America, meaning that its profits won't be greatly impacted by events in other parts of the world, the analyst stated. He set a $15 price target on the stock. PRICE ACTION: Near noon, GM added 25c to $34.59 and Ford shares gained 10c to $16.42.
News For GM;F From The Last 14 Days
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August 14, 2014
17:16 EDTGMPaulson & Co gives quarterly update on stakes
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16:54 EDTGMBerkshire Hathaway gives quarterly update on stakes
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12:46 EDTGMHayman Capital gives quarterly update on stakes
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11:56 EDTGMGM planning to invest $2.8B in Brazil over 5-year period, Reuters reports
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11:12 EDTGMGM executive says company in 'massive transformation,' WSJ says
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10:05 EDTGM, FOn The Fly: Analyst Initiation Summary
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August 13, 2014
16:16 EDTFFord initiated with a Neutral at Credit Suisse
Target $18.15.
16:07 EDTGMGeneral Motors initiated with an Underperform at Credit Suisse
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10:02 EDTGMGeneral Motors invests $174M in new Lansing stamping facility
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08:16 EDTFFord upgraded at Stifel
As previously reported, Stifel upgraded Ford to Buy from Hold. Thea analyst upgraded shares based on better than expected year-to-date trends, commentary that indicate the F-150 launch is on track, higher than expected Q2 North American margins, and a portfolio refresh cycle. Price target is $22.
06:59 EDTFFord upgraded to Buy from Hold at Stifel
06:24 EDTGMGM says antitrust regulator approached China division, Reuters says
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06:07 EDTGMOpel CFO expects to be profitable in Europe by mid-decade, Detroit News reports
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06:04 EDTGMGM workers returning to Warren tech center after flooding, Detroit News reports
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August 12, 2014
09:19 EDTF, GMGeneral Motors shares washed out, says Sterne Agee
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06:21 EDTGMGeneral Motors to streamline international business model, WSJ reports
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August 11, 2014
15:23 EDTGMJPMorgan to hold a conference
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06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
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06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
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