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Stock Market & Financial Investment News

News Breaks
October 15, 2012
06:55 EDTGT, GT, GT, F, F, F, NKE, NKE, NKE, MBLX, MBLX, MBLX, BASFY, BASFY, BASFYSmithers Rapra to host a symposium
7th Annual Biopolymers Symposium is being held in San Antonio, Texas on October 15-17.
News For GT;F;NKE;MBLX;BASFY From The Last 14 Days
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May 24, 2013
12:01 EDTNKEFootwear shares slip after Foot Locker says sales flat this month
A number of footwear stocks are retreating after footwear retailer Foot Locker (FL) said its comparative sales were unchanged so far this month. WHAT'S NEW: Foot Locker reported slightly stronger than expected first quarter results earlier today, but stated that its sales at comparative stores were approximately flat so far this month, versus the same period in 2012. However, the retailer added that its comparative sales growth should accelerate in coming weeks. Moreover, Foot Locker stated that it continues to expect its sales to increase by mid single digit percentage levels this year. TODAY'S PRICE ACTION: In late morning trading, other footwear retailers dropped, with Finish Line (FINL) declining 2.3% to $21.10 and DSW (DSW) giving back 1.6% to $68.80. Nike (NKE) dropped 1.5% to $62.35, and Foot Locker slid 7% to $33.25.
May 23, 2013
12:37 EDTBASFYBASF management to meet with Jefferies
Meeting to be held in Boston on May 30 hosted by Jefferies.
08:53 EDTFPacer to benefit from improving auto industry, says BB&T
After U.S. automakers Ford (F) and Chrysler indicated that they would curtail their summer production breaks, BB&T expects Pacer (PACR) to benefit from a rebounding auto sector, as about 40% of its revenue comes from the sector, according to the firm. BB&T keeps a Buy rating on the stock.
07:58 EDTBASFYBASF eyes India for global research center, Economic Times reports
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May 22, 2013
19:49 EDTFFord to close factory, plant in Australia, News Limited reports
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11:06 EDTFAuto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80.
07:46 EDTFFord shares could rise 50% over next two years, Barron's says
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05:36 EDTFFord raises N American capacity by 200K units, reduces summer shutdown, adds jobs
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May 21, 2013
16:04 EDTFOptions Update; May 21, 2013
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14:50 EDTNKEWal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link
09:33 EDTFBloomberg LINK to host a summit
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06:17 EDTFDetroit automakers rebound as style sells, Bloomberg reports
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May 20, 2013
06:01 EDTFImported car prices in China decline, Bloomberg reports
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05:35 EDTFFord Fusion Energi earns top vehicle safety rating from NHTSA
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May 17, 2013
16:00 EDTFOptions Update; May 17, 2013
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May 16, 2013
12:36 EDTFFord sued over alleged engine defects, Automotive News says
Three vehicle owners are suing Ford over alleged defects in the automaker's six-cylinder EcoBoost engine.according to Automotive News. The plaintiffs allege that the engine had defects that caused the vehicle to "shake, misfire and rapidly lose power," the website stated. Reference Link
10:03 EDTFOn The Fly: Analyst Upgrade Summary
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08:16 EDTFFord upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Ford following checks that indicate European production has bottomed, which removes an overhang. The firm believes investors will focus on strong North American results and an improved balance sheet. Price target raised to $18 from $15.
05:55 EDTFPickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link
May 15, 2013
06:57 EDTFEU to investigate Spain grant to Ford, Reuters reports
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