Stock Market & Financial Investment News

News Breaks October 25, 2012 06:08 EDT LNVGY, GM On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: CEOs from over 80 major U.S. corporations are coming together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts, the Wall Street Journal reports...PC maker Lenovo Group (LNVGY) plans to sell its smartphones outside of China for the first time, in emerging markets amid an economic slowdown at home and lackluster global demand for mainstay PCs, the Wall Street Journal reports...REUTERS: GM (GM) plans to begin talks to buy a stake in its South Korean unit from the unit's second-biggest shareholder, Korea Development Bank. GM owns about 77% of GM Korea but Korea Development Bank's 17% holding gives the state-run bank the right to veto decisions made by the automaker, Reuters reports...The Treasury Department and Fed need to stop using the benchmark interest rate Libor in financial rescue programs, as it might not be reliable and could put taxpayer dollars at risk, says the special inspector-general for the Troubled Asset Relief Program. They recommended that the Treasury and the Fed change some initiatives to ensure participating U.S. firms use alternatives to the London inter-bank offered rate in pricing billions of dollars in loans, Reuters reports...BLOOMBERG: Banks facing lower revenue from debit-card and overdraft fees are increasing marketing of small short-term loans, prompting regulators to question if they carry the same risks to borrowers as other forms of payday lending, Bloomberg reports...A growing number of companies are firing thousands of workers as sluggish U.S. growth and Europe’s deepening recession lead to a persisting slump in sales. North American companies have announced plans to cut 62,600 positions at home and abroad since September 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. News For LNVGY;GM From The Last 14 Days Check below for free stories on LNVGY;GM the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent news | >> May 17, 2013 10:17 EDT GM GM jumps above IPO level after CLSA boosts rating Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today. 10:07 EDT GM On The Fly: Analyst Upgrade Summary Subscribe for More Information 05:39 EDT GM General Motors upgraded to Buy from Underperform at CLSA Subscribe for More Information May 16, 2013 05:55 EDT GM Pickup 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 08:08 EDT LNVGY PC sales decline in Western Europe, Economic Times reports Subscribe for More Information May 14, 2013 13:38 EDT GM Ford, GM get high marks in consumer survey, Automotive News says Subscribe for More Information 10:32 EDT GM GM to source small cargo vehicle from Nissan for U.S., Canada markets Subscribe for More Information 07:00 EDT GM GM to spend $258M on new proving ground data center, Detroit News says Subscribe for More Information 06:22 EDT LNVGY Gartner reports Q1 mobile phone sales growth Subscribe for More Information 06:12 EDT GM Audi sales growth surges in China, Bloomberg reports Subscribe for More Information May 13, 2013 06:54 EDT GM NHTSA opens preliminary investigation into over 100K Corvettes, Detroit News says A reports from early Saturday morning explained that the National Highway Traffic Safety Administration, or NHTSA, has opened a preliminary investigation regarding faulty headlights on about 103K 2005-2007 Chevrolet Corvettes, reports Detroit News. Reference Link 06:40 EDT GM General Motors invests $200M to update NY, NJ, CA dealerships, Detroit News says Subscribe for More Information May 11, 2013 13:13 EDT GM Western car makers losing ground in India, WSJ says Subscribe for More Information May 10, 2013 08:03 EDT LNVGY Lenovo to sell smartphones in Africa, beginning with Nigeria, Bloomberg reports Subscribe for More Information May 9, 2013 06:09 EDT GM China passenger vehicle sales rose 13% in April, Bloomberg reports In China, passenger vehicle sales jumped 13% in April as demand rose for new models, reports Bloomberg. Wholesale deliveries of cars, multipurpose and SUVs increased to 1.44M units, according to the state-backed China Association of Automobile Manufacturers.Reference Link 05:59 EDT GM GM: Most Silverado truck sales this year will be older model, Bloombeg reports Subscribe for More Information May 7, 2013 08:40 EDT GM GM to build a $1.3B Cadillac plant in China, WSJ reports Subscribe for More Information 08:01 EDT GM GM to invest $16B in U.S. by 2016, Bloomberg reports GM plans to invest about $16B on U.S. factories and facilities through 2016, reports Bloomberg. That's more than it will spend in China, the company said. Reference Link 07:14 EDT GM GM recalling hybrid cars due to electrical problem, WSJ reports Subscribe for More Information 05:53 EDT GM GM staying in South Korea, seeks to resolve labor issues, Reuters reports General Motors won't pull out of South Korea but will discuss labor problems with South Korean President Park Geun-hye, CEO Dan Akerson was quoted as saying by its Korean union, a move that could complicate already troubled relations with its local workforce, reports Reuters. .Reference Link 1 | 2 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.