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Stock Market & Financial Investment News

News Breaks
July 2, 2014
05:10 EDTKWR, GMQuaker Chemical reports fatal accident at GM Marion Metal Center
Quaker Chemical (KWR) announced that, earlier, there was a reported explosion at the GM (GM) Marion Metal Center in Marion, Indiana. A number of workers were injured, including one fatality. The company received confirmation that this fatality was an employee of Quaker Chemical. "Right now our heartfelt sympathies, thoughts and prayers are with this employee's family and the other injured workers and their families," commented Michael F. Barry, Chairman, CEO and president of Quaker Chemical. "The safety of our associates, and those who work with them, is of paramount importance to us. We understand that GM has initiated an investigation, and we will work with GM and government agencies to understand what occurred." Quaker Chemical provides inventory management and other contract services at the site.
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August 21, 2014
13:52 EDTGMCadillac mulls expanding offices to Manhattan, Reuters says
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07:18 EDTGMChina considering new anti-trust rules for auto sector, China Daily says
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06:21 EDTGMGM product chief thinks Google might become 'threat,' Bloomberg says
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06:08 EDTGMGM launches new round of discounts for Labor Day weekend, WSJ reports
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August 19, 2014
09:41 EDTGMGM recalls Silverados, Sierras equipped with auxiliary battery
GM is recalling certain model year 2007-2011 Chevrolet Silverado HD 2500/3500 trucks manufactured January 18, 2007, to June 22, 2011, and GMC Sierra HD 2500/3500 trucks manufactured January 22, 2007, to June 21, 2011, and equipped with an auxiliary battery. Owners may unknowingly draw too much current through the vehicle's trailer harness resulting in the melting of fusible link for the auxiliary battery. If the fusible link melts it may come into contact with adjacent components, damage the electrical center cover, the nearby wiring harness conduit and other vehicle components, increasing the risk of a fire. GM will notify owners and dealers will replace the jumper harness with one that includes a 40 amp inline fuse, and provide the owner with supplemental Owner Manual information, free of charge. The manufacturer has not yet provided a notification schedule. Reference Link
09:38 EDTGMGM recalls cars equipped with Calix oil pan, block heater
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08:02 EDTGMBorgWarner supplies solenoid technology for General Motors' GF6
BorgWarner (BWA) supplies its mini direct-acting variable force solenoid for General Motors' (GM) global front-wheel drive 6-speed automatic transmission program, or GF6.
August 18, 2014
13:01 EDTGMFord, Chevrolet launching incentives earlier than usual, Autmotive News says
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07:37 EDTGMReport says Russia may bar car imports if new sanctions enacted, Reuters says
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August 17, 2014
17:23 EDTGMJudge appoints lead counsel in GM ignition switch cases, Reuters says
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August 15, 2014
13:10 EDTGMGM issues recall due to faulty seat hook bracket assembly
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09:02 EDTKWRQuaker Chemical acquires ECLI Products for $52M
Quaker Chemical announced that it has acquired ECLI Products, a specialty grease manufacturer, headquartered in Aurora, Illinois for $52M. The company specializes in greases for OEM first-fill customers across several industry sectors, including automotive, industrial, aerospace/military, electronics, office automation and natural resources, with estimated 2014 EBITDA of $7M. This transaction is consistent with Quaker's strategy to increase shareholder value through acquisitions and to complement Quaker's 2010 entry into the specialty grease market with the acquisition of Summit Lubricants.
06:29 EDTGMGM recalls certain model year 2014 Chevrolet Impalas
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August 14, 2014
17:27 EDTGMAppaloosa gives quarterly update on stakes
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17:16 EDTGMPaulson & Co gives quarterly update on stakes
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16:54 EDTGMBerkshire Hathaway gives quarterly update on stakes
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12:46 EDTGMHayman Capital gives quarterly update on stakes
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11:56 EDTGMGM planning to invest $2.8B in Brazil over 5-year period, Reuters reports
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11:12 EDTGMGM executive says company in 'massive transformation,' WSJ says
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10:05 EDTGMOn The Fly: Analyst Initiation Summary
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