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Stock Market & Financial Investment News

News Breaks
March 10, 2014
09:16 EDTMGAMagna earnings outlook has improved, says KeyBanc
After meeting with Magna's management, KeyBanc thinks the company could generate EPs of $12 in 2016. The firm raised its price target on the stock to $115 from $100 and reiterates a Buy rating on the shares.
News For MGA From The Last 14 Days
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February 26, 2015
07:42 EDTMGAMagna remains on track for good growth in coming years, says Canaccord
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February 25, 2015
05:27 EDTMGAMagna sees FY15 North America light vehicle production of 17.4M
Sees FY15 Europe light vehicle production of 20.4M
05:26 EDTMGAMagna sees FY15 total sales $33.1B-$34.8B, consensus $36.22B
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05:25 EDTMGAMagna board increases quarterly dividend by 16% to 44c
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05:24 EDTMGAMagna board approves two-for-one stock split of outstanding common shares
Magna board has approved a two-for-one stock split of the company's outstanding Common Shares. The two-for-one stock split will be implemented by way of a stock dividend. Subject to regulatory approval, shareholders will receive one additional Common Share of the company for each Common Share held. The stock dividend will be payable on March 25, 2015, to shareholders of record at the close of business on March 11, 2015.
05:23 EDTMGAMagna reports Q4 EPS $2.44, consensus $2.25
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February 24, 2015
15:21 EDTMGANotable companies reporting before tomorrow's open
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February 23, 2015
07:14 EDTMGASamsung SDI to buy Magna's battery pack business, financial terms not disclosed
Samsung SDI Co. Ltd. has agreed to acquire the battery pack business of Magna International. Under the agreement, Samsung SDI will acquire the entire battery pack business from Magna Steyr, an Austria-based operating unit of Magna International, including all 264 employees, production and development sites and existing contracts of the business. Financial terms of the deal will not be disclosed. The transaction is expected to be completed during the first half of 2015, pending regulatory approvals.

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