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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:06 EDTMCP, NSANY, SIMolycorp 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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March 25, 2015
06:48 EDTNSANYUAW looking to unionize Nissan plant in Mississippi, WSJ says
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March 23, 2015
09:37 EDTMCPActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AUY SLB PFE MCP CELG VRTX SHPG GILD LOGI TSLA TASR NFLX SCTY WFM
08:55 EDTMCPChina rare earth exports down 2.7% from prior month in February, Bloomberg says
China's customs agency reported February rare earth exports of 4.36K tons vs. 4.48K tons in January, according to Bloomberg, citing an emailed statement from the agency. Rare earth miners include Molycorp (MCP), whose shares are up 28% to 46c in pre-market trading, and Rare Element Resources (REE).
March 22, 2015
20:02 EDTNSANYNissan airbag recall from last year probed by U.S. regulators, Bloomberg says
U.S regulators are investigating a Nissan airbag related recall from last year that pertained to 989,701 vehicles, says Bloomberg. The Nissan recall was to address software that may incorrectly classify the passenger seat as empty when it is occupied by an adult and thereby result in a failure of the air bag to deploy during a crash, added Bloomberg. According to the Bloomberg report some drivers says the flaw remains after several dealer repairs but according to a Nissan spokesperson, "Nissan Group believes the recall remedy was effective and appropriately addressed the safety defect. Reference Link
March 20, 2015
09:21 EDTNSANYNissan reorganizes U.S. sales, Chief Customer Officer Spoon to retire
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05:57 EDTNSANYLand Rover recalls 36K SUVs following CCTV report, Financial Times says
Tata Motors' (TTM) Jaguar Land Rover is recalling more than 36K SUVs in China, reports the Financial Times. The recall comes after CCTV singled out Jaguar Land Rover of faliing to respond to customer complaints about faulty gearboxes. CCTV's report also accused Nissan (NSANY), Volkswagen (VLKAY), and Mercedes-Benz's China joint ventures on alleged overcharging by service outlets. Reference Link
March 19, 2015
07:55 EDTMCPMolycorp bondholders led by Apollo close to hiring Blackstone, Bloomberg says
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March 18, 2015
15:22 EDTMCPMolycorp creditors close to hiring Blackstone, Bloomberg says
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05:45 EDTMCPStocks with implied volatility movement; MCP FXCM
Stocks with implied volatility movement; Molycorp (MCP) 270, FXCM (FXCM) 86 according to iVolatility.
March 17, 2015
09:25 EDTMCPOn The Fly: Pre-market Movers
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07:49 EDTMCPJPMorgan 'very concerned' about Molycorp capital levels
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March 16, 2015
19:00 EDTMCPOn The Fly: After Hours Movers
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17:31 EDTMCPMolycorp reports Q4 EPS (39c), consensus (26c)
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15:25 EDTMCPNotable companies reporting after market close
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07:44 EDTMCPmagicJack volatility elevated into Q4 and outlook
magicJack March call option implied volatility is at 83, April is a 124, April is at 71, June is at 61, September is at 50; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
March 15, 2015
17:20 EDTNSANYVolkswagen, Nissan criticized by China consumer rights show, Reuters says
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