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Stock Market & Financial Investment News

News Breaks
April 2, 2014
12:10 EDTF, GMNomura 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 31, 2015
07:07 EDTFFord to host sales conference call
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August 30, 2015
12:33 EDTFDividend-rich blue chips look attractive amid market volatility, Barron's says
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August 28, 2015
11:32 EDTGMFederal government to team with tech companies for tech hub, Venture Beat says
The Obama administration will make an announcement later today that will establish a flexible hybrid electronics hub in Silicon Valley, reports Venture Beat. The administration will partner with 162 companies that include Apple (AAPL), Hewlett-Packard (HPQ), Boeing (BA), General Motors (GM) and others. Both the Department of Defense and this private consortium will look to enhance the U.S.'s standing in "next-generation bendable and wearable electronic devices." Reference Link
August 26, 2015
16:36 EDTFFord considering return of Bronco, Ranger to U.S., Bloomberg says
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16:26 EDTF, GMMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTF, GMTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTGM, FTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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09:25 EDTFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
09:21 EDTFFord considering returning production of Bronco, Ranger to U.S., Bloomberg says
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August 25, 2015
12:08 EDTFOptions with increasing volume: EXC POM MDLZ EWJ WBA MW F KMI
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August 24, 2015
19:36 EDTGMGeneral Motors ends two-week strike in Brazil, Reuters says
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17:50 EDTGMGeneral Motors denies 3944 of 4343 ignition switch claims
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16:00 EDTFOptions Update; August 24, 2015
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09:45 EDTGMOn The Fly: Analyst Initiation Summary
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09:18 EDTGMOn The Fly: Pre-market Movers
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08:04 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
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06:14 EDTGMGM recalling 59,474 2010 Chevrolet Cobalt vehicles
GM is recalling 59,474 2010 Chevrolet Cobalt vehicles manufactured January 4, 2010, to June 23, 2010. The affected vehicles may be equipped with an improperly routed Side-Impact Sensor wiring harness in the driver side front door. The misrouted wiring harness could cause an electrical short that disables the driver side curtain air bag. A disabled driver side roof-rail air bag will not deploy in the event of a crash necessitating deployment of that air bag, increasing the risk of injury to the driver.
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
August 21, 2015
06:46 EDTGMGM recalling 5,493 2014-2015 Chevrolet Impala vehicles
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August 20, 2015
10:14 EDTFFord reports Europe sales up 5.3% in July
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