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Stock Market & Financial Investment News

News Breaks
May 13, 2014
06:30 EDTNAV, CMI, FNavistar set to lose Ford business next year, WSJ reports
Navistar (NAV) is set to lose Ford (F) as a customer when Ford begins to make 55,600-and-up vehicles itself next year, reports the Wall Street Journal. Navistar CEO Troy Clarke plans to fill in the $400M business loss by chasing high-volume, medium-truck buyers such as big rental companies, municipalties and distributors. Clarke has also decided to offer customers engines made by Cummins (CMI) after only offering its own engines in its trucks. Reference Link
News For NAV;F;CMI From The Last 14 Days
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March 27, 2015
08:38 EDTFFord volatility at low end of historic range
Ford April weekly call option implied volatility is at 21, April is at 19, May is at 20, June is at 19; compared to its 26-week average of 24 according to Track Data, suggesting decreasing price movement.
March 26, 2015
13:15 EDTFFord opens $1B Indian plant, wants to triple exports from country, Reuters says
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10:15 EDTFFord to host sales conference call
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07:23 EDTCMIUBS to hold a field trip
Field Trip: 2015 Mid-America Trucking Show is being held in Louisville, KY on March 26.
March 25, 2015
11:08 EDTCMICummins management to meet with Jefferies
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09:25 EDTFFord issues three safety recalls in North America
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March 24, 2015
15:37 EDTNAVGabelli raises stake in Navistar to 12.3% from 11.21%
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10:01 EDTCMIOn The Fly: Analyst Upgrade Summary
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08:44 EDTNAVCommercial vehicles peak cycle concerns overdone, says RW Baird
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07:02 EDTCMICummins upgraded at RW Baird
Baird upgraded Cummins to Outperform from Neutral and raised its price target to $166 from $155. The firm said expectations have been reset and the company is poised to deliver steady earnings growth and shareholder returns. Baird believes the North American truck cycle can last longer and at higher levels than consensus expectations and thinks Cummins' stable cash flow will likely continue to enhance shareholder value.
06:12 EDTFFord, GM considering asking for lower-paid workers, Bloomberg says
Ford (F) and General Motors (GM) are considering asking the United Auto Workers union to create a lower-pay tier of employee at U.S. auto factories, reports Bloomberg, citing people familiar with the matter. The union, on the other hand, is considering eliminating the existing tier structure altogether, according to a person familiar with the union leadership. The proposed lower tier worker would not assemble cars, said the sources. Reference Link
06:09 EDTCMICummins upgraded to Outperform from Neutral at RW Baird
March 20, 2015
08:01 EDTFStifel says evidence supports Apple moving into electric vehicles
Analysts at Stifel say they see enough evidence to suggest that Apple is internally working on the development of a battery electric vehicle to be sold over the next five-to-ten years. The analysts are "intrigued" by Apple CFO Luca Maestri's background at General Motors (GM). They believe Apple's investments in manufacturing should be a key consideration for investors and point out the $40B spent by the iPhone maker over the past five years, with 80%-plus invested in manufacturing, is similar to GM, Ford (F) and Daimler-Benz and well above Tesla's $1.8B cumulative capex. The analysts say there is a "lot to think about" regarding Apple's move into the car space, including the regulatory environment. They keep a Buy rating on the tech giant with a $150 price target. Shares of Apple closed yesterday down 97c to $127.50.
March 19, 2015
11:39 EDTNAVNavistar management to meet with Jefferies
Meeting to be held in Louisville, KY on March 25 hosted by Jefferies.
11:38 EDTCMIGE Marine announces Reinauer purchases two diesel engines, gearboxes
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March 18, 2015
10:00 EDTNAVOn The Fly: Analyst Downgrade Summary
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08:35 EDTNAVNavistar downgraded to Underweight from Equal Weight at Morgan Stanley
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06:33 EDTNAVNavistar downgraded to Underweight from Equal Weight at Morgan Stanley
March 17, 2015
14:13 EDTFMorgan Stanley questions GM capital allocation plan
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09:13 EDTFMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.

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