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Stock Market & Financial Investment News

News Breaks
January 10, 2013
16:30 EDTBV, NOK, HLF, MCP, SVU, ELLI, ZLC, FOn The Fly: Closing Wrap
Stocks on Wall Street finished higher after U.S. weekly jobless claims came in slightly worse than expected, while export data from China beat expectations. In spite of the data, released last night and this morning, the markets drifted near the flat-line for much of the session before running higher into the close... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K to 371K, versus expectations for 362K claims. Wholesale inventories increased 0.6% in November, versus expectations for an increase of 0.2%. The Job Openings & Labor Turnover survey showed advertised job openings climbed 11,000 in November to 3.67M, which was about 12% more than in the same month a year ago. In Europe, the ECB kept its main interest rate unchanged. The Bank of England also voted, as expected, to keep its main interest rate unchanged and not to buy more government bonds. China's trade surplus rose to $31.6B in December from $19.6B in November, as exports increased 14.1% compared with the same period a year earlier, widely beating expectations for a 4.5% increase. Imports gained 6%, compared to expectations for a 2.6% increase... COMPANY NEWS: Herbalife (HLF) made a lengthy presentation to defend itself following Bill Ackman's own lengthy presentation in which he laid out his short thesis and called the company a pyramid scheme. Herbalife shares briefly traded higher as the investor event was ongoing, but finished the day down 71c, or 1.78%, at $39.24... Ford (F) shares rose 36c, or 2.67%, to $13.83 after the company doubled its quarterly dividend to 10c per share... Supervalu (SVU) gained $43c, or 14.14%, to $3.47 after the company agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3B. The company also reported a quarterly profit on sales that were roughly in-line with expectations... MAJOR MOVERS: Among the notable gainers was Nokia (NOK), up 70c, or 18.67%, to $4.45 after announcing its Mobile Phones business unit and Lumia portfolio delivered better than expected results in Q4 and operating expenses were lower than expected. Also higher was Zale (ZLC), up 49c, or 11.69%, to $4.68 after reporting holiday period SSS up 2.3% and saying that it expects positive net income for FY13. Among the noteworthy losers was Molycorp (MCP), down $2.45, or 22.71%, to $8.34 after forecasting lower than expected 2013 revenue and cash flow, and Bazaarvoice (BV), which fell sharply and settled down $1.41, or 15.84%, to $7.49 after the Department of Justice said it was filing an antitrust lawsuit against the company related to its June acquisition of PowerReviews. Also lower were shares of Ellie Mae (ELLI), down $2.26, or 8.21%, to $25.26 after the Consumer Finance Protection Agency said it would introduce new eligibility requirements for mortgages... INDICES: The Dow was up 80.71, or 0.60%, to 13,471.22; the Nasdaq was up 15.95, or 0.51%, to 3,121.76; and the S&P 500 was up 11.10, or 0.76%, to 1,472.12.
News For HLF;F;SVU;NOK;ZLC;MCP;BV;ELLI From The Last 14 Days
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August 28, 2015
06:19 EDTNOKNokia and China Huaxin sign MOU to create new venture
Nokia and China Huaxin Post & Telecommunication Economy Development Center have signed a memorandum of understanding confirming their intention to combine Nokia's telecommunications infrastructure businesses in China and Alcatel-Lucent Shanghai Bell into a new joint venture. As agreed under the MoU, Nokia expects to hold 50% plus one share in the new joint venture, with China Huaxin holding the remaining shares. Fair value compensation would be received for the contribution of relevant assets to the joint venture. The new joint venture is conditional on and would be formed after the closing of Nokia's planned combination with Alcatel-Lucent, at which point Nokia would own 50% plus one share of ASB. The new joint venture is expected to be a strong national asset based in China capable of delivering value for both parties.Nokia China and ASB are leaders in the Chinese telecommunications infrastructure market and both are long-standing contributors to the development of China and innovation in the country. The new joint venture would have one board of directors, one management team, unified customer and business functions, and one integrated product portfolio and R&D platform. Until the closing of the proposed combination between Nokia and Alcatel-Lucent, Nokia China and ASB will continue to operate as two independent companies.
August 27, 2015
12:58 EDTHLFHerbalife price target raised to $100 from $90 at Pivotal Research
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August 26, 2015
16:36 EDTFFord considering return of Bronco, Ranger to U.S., Bloomberg says
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16:26 EDTFMajor 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 EDTFTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTFTrueCar 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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08:00 EDTHLFTwitter wants to move Herbalife suit to California, NY Post reports
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August 24, 2015
16:00 EDTFOptions Update; August 24, 2015
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August 21, 2015
12:18 EDTNOKMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
August 20, 2015
10:14 EDTFFord reports Europe sales up 5.3% in July
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05:46 EDTNOKNokia Networks expand use of WANdisco big data technology
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August 18, 2015
12:11 EDTFSEC joins German probe of Ford's alleged bribery, Reuters reports
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12:05 EDTFFord recalls roughly 26,400 vehicles in NA for seat belt malfunction
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August 17, 2015
07:42 EDTFNew Street-high target of $465 gives Tesla shares a charge
Shares of Tesla Motors (TSLA) are jumping after Morgan Stanley boosted its price target by $185 to $465, a new high among Wall Street analysts. The company is positioned to dominate as car sales shift to robot-driven and shared vehicles, the firm argues. SELLING MILES: Morgan Stanley analyst Adam Jonas raised his price target for Tesla Motors to $465 from $280, well above Friday's closing price of $243.15. Today, ten trillion vehicle miles are driven annually, with almost all of them delivered by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas tells investors in a research note. General Motors (GM), Ford (F), Toyota (TM) and Honda (HMC) are among the publicly traded traditional carmakers. The market of selling cars is going through some fundamental changes, argues Jonas. He believes Tesla is "uniquely positioned" to dominate given its expertise in autonomous technology and networked machine learning. An app-based, on-demand mobility service could more than triple Tesla's potential revenues by 2029, the analyst estimates. He expects Tesla over the next 18 months to roll out formalized business plans on shared mobility, allowing the electric vehicle maker to sell miles in addition to cars. His new price target of $465 reflects Tesla's potential to lead the revolution of the shared mobility public transportation hyper-structure and more confidence around the commercial viability of Tesla Energy. ROBOT-DRIVEN: Jonas expects nearly all car sales to eventually shift from human-driven, individually-owned cars to robot-driven and shared cars. If Tesla wants to succeed on its mission of accelerating the world's transition to sustainable transport, the move to a shared mobility model is critical, he argues. All of Tesla's cars are electric, connected, and able to "learn" through over-the- air firmware updates at any time, which no other established automaker can claim today, Jonas writes. MARKET REACTION: Investors are buying into what Jonas is arguing. Shares of Tesla are up 5%, or $13.10, to $256.25 in pre-market trading. Over the past three months through Friday's close, the stock is down 2%.

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