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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:49 EDTDDAIF, PCAR, VLKAY, NAVVolkswagen bid rumor short term positive for PACCAR, says Wells Fargo
After Daimler's (DDAIF) Truck CEO reportedly suggested at a company event that Volkswagen (VLKAY) will seek to acquire PACCAR (PCAR), Wells Fargo said it is skeptical that Volkswagen will make a bid, noting that the company has since denied it is looking to make a takeover play. However, Wells thinks the news could be a short term positive for PACCAR and a negative for peer Navistar (NAV), which the firm notes has previously been speculated as a target for the German automaker.
News For PCAR;NAV;VLKAY;DDAIF From The Last 14 Days
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April 23, 2015
19:49 EDTVLKAY, DDAIFAudi plans five additional models for India, Economic Times says
In an interview with the Economic Times, Volkswagen's (VLKAY) Audi India brand director Joe King said the company plans to launch five new models in India within the next five months. "We see huge potential to grow in the Indian market... The GDP is likely to improve as the fundamentals of the Indian economy are strong and softening interest rate will propel demand for the luxury cars," said King. The Economic Times notes that Daimler's (DDAIF) Mercedes-Benz also aims to ramp up efforts in the region. Reference Link
14:41 EDTVLKAYVolkswagen chairman not pushing for CEO removal, Reuters says
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07:42 EDTVLKAYVolkswagen chairman wants to oust CEO ahead of annual meeting, Reuters says
Ferdinand Piech, the chairman of Volkswagen, will seek to oust the company's CEO, Martin Winterkorn, ahead of the annual shareholder meeting on May 5, Reuters reports, citing German broadcasting network NDR. According to the report, Piech is seeking the support within the Porsche and Piech families in his efforts to replace Winterkorn, and "doesn't feel tied" by the April 17 decision of supervisory board members to back Winterkorn. Reference Link
06:58 EDTVLKAYVolkswagen to get $407M in financing from Canada, Reuters says
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05:59 EDTDDAIFMercedes-Benz fined $56M by China for price-fixing, FT reports
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April 21, 2015
08:02 EDTPCARPACCAR says DAF 'cooperating' with European Commission
DAF is cooperating with the European Commission and is preparing its response to the Statement of Objections issued in November 2014. The Statement expressed the Commission’s preliminary view that all major European medium- and heavy-duty truck manufacturers had participated in anticompetitive practices in the European Union. The Commission indicated that it will seek to impose significant fines on the manufacturers. The Commission will review the manufacturers’ responses before issuing a decision. Any decision would be subject to appeal. The Company is unable to estimate the potential fine at this time.
08:02 EDTPCARPACCAR reports Q1 EPS $1.06, consensus $1.01
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April 20, 2015
15:37 EDTPCARNotable companies reporting before tomorrow's open
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08:12 EDTDDAIF, VLKAYMarathon Patent Group announces results of Signal IP Markman ruling
Marathon Patent Group (MARA) announced that on April 17, the United States District Court Central District of California issued the claim construction order in the litigation involving its wholly-owned subsidiary Signal IP and American Honda Motor Co. (HMC), Nissan North America (NSANY), Porsche Cars of North America, Mazda Motor of America, Mercedes-Benz USA (DDAIF), BMW of North America, Subaru of America, Kia Motors America, Mitsubishi Motors North America, Volkswagen (VLKAY), and Jaguar Land Rover North America. A total of 36 claim terms from a total of seven patents were disputed between Signal IP and the defendants.
06:36 EDTVLKAYVolkswagen chairman severely weakened after confrontation, Reuters says
Volkswagen Chairman Ferdinand Piech had a "full-blown confrontation" with the other five members of the company's board over whether to retain the company's CEO, Martin Winterkorn, whose performance the chairman had criticized over the previous five months, according to Reuters. Piech backed down and agreed to back Winterkorn, but his efforts to oust the CEO has produced resentment against the chairman and severely weakened Piech's influence over the company, the news service stated. Reference Link
April 19, 2015
18:45 EDTVLKAYVolkswagen plans to develop budget SUVs for China, Reuters says
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13:06 EDTVLKAYVolkswagen shareholders look to calm leadership turmoil, WSJ says
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12:41 EDTPCARKroger, Dollar General, others can be bought and held for 3 years, Barron's says
Shares of PACCAR (PCAR), Lam Research (LRCX), Kroger (KR), Autoliv (ALV), Archer Daniels (ADM), and Dollar General (DG) should be bought and held for the next three years due to high return on invested capital, Barron's contends in a feature article. Reference Link
April 17, 2015
06:53 EDTVLKAYVolkswagen CEO to stay in position despite fallout with chairman, Reuters says
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April 16, 2015
10:00 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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06:02 EDTVLKAYVolkswagen's supervisory board to meet to resolve leadership dispute, WSJ says
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05:45 EDTDDAIFDaimler AG upgraded to Conviction Buy from Buy at Goldman
Goldman Sachs upgraded Daimler AG to Conviction Buy saying the auto recovery in Europe is sustainable.
April 12, 2015
19:15 EDTVLKAYVolkswagen chairman has 'distanced' himself from CEO, Reuters says
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