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Stock Market & Financial Investment News

News Breaks
September 18, 2012
06:47 EDTF, HMC, CAJ, NSANY, PC, TMJapanese companies hit by violence in China, NY Times says
Honda (HMC) and Toyota (TM) dealerships in the eastern Chinese city of Qingdao were badly damaged by arsonists amid demonstrations, according to The New York Times. In response to anti-Japanese violence around China - which was triggered by a territorial dispute - Nissan (NSANY) has suspended production in the country for two days, the publication reported. Meanwhile, Mazda Motor will halt production at its Nanjing factory, which it jointly operates with Chongqing Changan Automobile and Ford Motor (F), for four days, The Times added. A Panasonic (PC) plant was sabotaged and will remain closed through today, while Canon (CAJ) closed three of its four Chinese factories today, the newspaper said. Reference Link
News For HMC;TM;NSANY;F;PC;CAJ From The Last 14 Days
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May 24, 2013
08:35 EDTPCWhirlpool in talks to acquire 30% stake in Sanyo, Financial Times says
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May 23, 2013
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.
05:54 EDTNSANYNissan to recall 841,000 vehicles for steering wheel problem, Reuters reports
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May 22, 2013
19:49 EDTFFord to close factory, plant in Australia, News Limited reports
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13:11 EDTPCPanasonic to cease U.S. production of solar cell wafers, Nikkei says
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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.
10:56 EDTHMCHonda aircraft unit launches fifth jet prototype, WSJ says
Honda Motor’s aircraft unit moved closer to FAA certification of its light-jet design as it began flight testing its fifth HondaJet aircraft, said The Wall Street Journal. The Journal noted growing interest in light aircraft among an audience that previously did not consider them feasible. Reference Link
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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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 19, 2013
14:28 EDTNSANYNissan expands in Japan minicar market, Bloomberg reports
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May 17, 2013
16:00 EDTFOptions Update; May 17, 2013
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07:59 EDTPCPanasonic looks to India for smartphone sales, WSJ reports
After it pulled out of the European smartphone market last November because of weak demand, Panasonic is now looking to India's competitive smartphone market, reports the Wall Street Journal. Reference Link
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.
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