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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:06 EDTMCP, SI, NSANYMolycorp rises after Bloomberg says company could be takeover target
Shares of rare earth mining company Molycorp (MCP) are trading higher this morning after a Bloomberg "Real M&A" article said the company could be a takeover target. According to data compiled by Bloomberg, Molycorp, which owns the largest U.S. deposit of "rare earth" metals that go into everything from smartphones to hybrid cars, is trading at a 19% discount to its book value. The company's stock slid 61% in 2012 as it faced problems like slumping prices of rare earths, the departure of its CEO, cost overruns at its California mines and a regulatory probe. Byron Capital Markets believes manufacturers from Nissan (NSANY) to Siemens (SI) could be interested in making a bid for Molycorp, according to Bloomberg. The report also noted that Robert W. Baird & Co believes the $1.3B company could appeal to private-equity firms, but mining companies may not be as eager to pursue the company, and that Goldman Sachs believes Molycorp could fetch $15 per share in a takeover, a 59% premium to its close on December 31. Molycorp advanced $1.43, or 15.15%, to $10.87 in early-morning trading.
News For MCP;SI;NSANY From The Last 14 Days
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October 22, 2014
06:24 EDTNSANYNHTSA says over 6M cars involved in Takata airbag recalls
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October 21, 2014
08:12 EDTNSANYNissan selects Hertz as exclusive mobility partner
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October 20, 2014
07:12 EDTSICongress of Neurological Surgeons to hold annual meeting
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07:11 EDTSIAmerican Society for Reproductive Medicine to hold annual meeting
2014 Annual Meeting of ASRM is being held in Honolulu on October 18-22.
October 16, 2014
06:34 EDTNSANYChina to punish automakers that miss fuel standards, Reuters reports
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October 13, 2014
06:44 EDTNSANYRegulators seeking banks' auto loan data, Reuters reports
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October 10, 2014
08:41 EDTNSANYNissan recalls over 220K Altimas due to hood latch defect, AP says
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07:17 EDTNSANYCitigroup and the Society of Automotive Analysts to co-host a summit
Automotive Investor Summit is being held in Southfield, Michigan on October 10.
06:07 EDTNSANYNissan reports September Europe sales of 68,753
Nissan announced today European sales for September of 68,753 units, representing a market share of 4%. Best-selling Nissan models for the month were the crossovers Qashqai and JUKE. Reference Link
October 9, 2014
08:02 EDTNSANYPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).

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