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Stock Market & Financial Investment News

News Breaks
January 6, 2014
09:38 EDTHMC, GM, NVDA, GOOGGoogle looks to bring Android to cars as early as this year, Re/code reports
Google (GOOG) is looking to bring Android to cars as early as this year through the Open Automotive Alliance, Re/code reports. Members of the OAA also include Nvidia (NVDA), GM (GM) and Honda (HMC). Google SVP Sundar Pichai says "The expansion of the Android platform into automotive will allow our industry partners to more easily integrate mobile technology into cars and offer drivers a familiar, seamless experience so they can focus on the road." Reference Link
News For GOOG;GM;HMC;NVDA From The Last 14 Days
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February 23, 2015
09:39 EDTGOOGYouTube confirms launch of kids app
Google's (GOOG, GOOGL) YouTube confirmed its launch of the YouTube Kids app, "the first Google product built from the ground up with little ones in mind," which the company said makes it safer and easier for children to find videos on topics they want to explore. The app is now available for free on Google Play and the App Store in the U.S. Reference Link
08:24 EDTGOOGGoogle Vietnam site disrupted by hackers, WSJ says
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06:31 EDTGOOGGoogle reaches preliminary agreement with Italian regulators, WSJ says
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06:24 EDTGMGeneral Motors to legally challenge worker strike in Brazil, WSJ reports
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06:03 EDTHMCHonda says Takanobu Ito to step down as CEO, Takahiro Hachigo named new CEO
Takanobu Ito is stepping down as president and CEO of Honda, the company announced in a press release. Takahiro Hachigo, Honda's managing officer, will take over as president and CEO in June.
February 22, 2015
14:20 EDTGMUAW chief says GM buyback proposal too much, premature, Reuters says
Dennis Williams, the president of the UAW, said that an investor group’s proposal that GM buy back $8B of its stock is premature, and the amount too high for the company’s long-term health, says Reuters. The UAW indirectly controls the largest single block of General Motors shares, added Reuters. Reference Link
February 20, 2015
08:11 EDTGMAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
07:30 EDTHMCHonda cuts production by another 5,000 due to U.S. port strikes, Reuters says
Honda Motor Co stated it will lower production at two factories in Indiana and Canada from February 24 to March 2 due to a parts shortage brought on by continuing U.S. port strikes, reports Reuters, citing a Honda spokesperson. Total output loss for the two factories -- which mainly produce Civics -- will be roughly 5,000 cars, while total output loss for the company from February 16 to 23 will be roughly 20,000 cars. The spokesperson said supply will be "a little bit better next week" due to air deliveries. Reference Link
07:04 EDTGMAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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06:41 EDTGMApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
06:06 EDTGMGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GM’s regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GM’s general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
February 19, 2015
06:34 EDTGOOGYouTube to unveil paid music service soon, Reuters reports
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February 18, 2015
15:15 EDTGOOGAngie's List could be more attractive to buyers given traction, says Barrington
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11:49 EDTGOOGFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
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07:48 EDTGOOGYandex requests anti-trust investigation against Google, TechCrunch says
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07:06 EDTGOOGGoogle Capital hiring for India expansion, WSJ says
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06:38 EDTHMC, GMCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
06:20 EDTGOOGApple awarded patent for wireless head-mounted display, Financial Times reports
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