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Stock Market & Financial Investment News

News Breaks
March 5, 2014
11:12 EDTGMGeneral Motors advances after 20% sales gain in China
Shares of General Motors (GM) are climbing after the automaker reported that its sales in China had jumped 20% last month and two research firms issued optimistic notes about the company. WHAT'S NEW: GM said last night that sales of its automobiles in China had jumped 20% last month, versus the same period a year earlier. The gain was aided by a 32% increase in sales of the company's Wuling microvans. Meanwhile, Cadillac sales jumped 91% in the Asian country to a record 4,378 units, the company added. China is GM's single largest market. WHAT'S NOTABLE: In separate notes to investors earlier today, Goldman Sachs and RBC Capital were upbeat on GM's outlook. GM's main growth drivers continue to boost the company, wrote Goldman analyst Patrick Archambault after attending a dinner with the company's CFO. The automaker has opportunities to improve its showing in the North American truck market, while its Opel European unit is performing better than expected and China is "a steady contributor," he stated. The company's guidance is relatively conservative, added Archambault, who recommends buying the stock. Meanwhile, RBC Capital analyst Joseph Spak, who also viewed the presentation by the CFO, reported that the company believes that its two largest markets, China and the U.S., are improving. The company's free cash flow should rise significantly in coming years, predicted Spak, who kept a $48 price target and Outperform rating on the stock. PRICE ACTION: In late morning trading, GM climbed 99c, or 2.7%, to $37.92.
News For GM From The Last 14 Days
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November 25, 2014
07:24 EDTGMGM president Ammann sees 'more of the same' from U.S. market, Reuters says
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November 24, 2014
11:41 EDTGMTexas woman cleared of death linked to GM recalled switch, WSJ reports
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11:31 EDTGMTwo more deaths attributed to faulty GM ignition switch, Reuters says
According to the lawyer overseeing a program to compensate for deaths and accidents linked to the faulty General Motors ignition switch, two more deaths are now being attributed to the faulty part, says Reuters. Reference Link
November 23, 2014
19:42 EDTGMGM 's Brazil market looks to be challenged again this year, FT says
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November 21, 2014
08:14 EDTGMHonda warned Takata on airbags years before recalls, WSJ reports
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November 20, 2014
14:47 EDTGMMobileye sinks despite better than expected revenue, outlook
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09:10 EDTGMGeneral Motors sued by Arizona over recalls, NY Times says
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07:57 EDTGMIIHS crash tests results for minivans 'one of the worst', CNBC says
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November 19, 2014
06:51 EDTGMRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
November 18, 2014
17:37 EDTGMNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
November 17, 2014
06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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07:32 EDTGMHayman Capital gives quarterly update on stakes
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