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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:49 EDTPCAR, NAV, VLKAY, DDAIFVolkswagen 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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August 29, 2014
12:42 EDTVLKAYAudi will recall 70K cars worldwide for potential brake problem, Reuters says
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August 27, 2014
06:49 EDTVLKAYAnti-UAW employees aim to create union at VW facility, Reuters says
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August 26, 2014
06:42 EDTDDAIF, VLKAYCCI charges automakers $420M for anti-competitive tendencies, Reuters says
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06:15 EDTVLKAYVolkswagen JV executives probed by China, WSJ reports
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August 25, 2014
13:06 EDTVLKAYVolkswagen to reportedly release new version of Golf, Automotive News says
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August 21, 2014
07:18 EDTNAV, PCARJuly Class 8 sales rose 16% year-over-year, says JPMorgan
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07:18 EDTVLKAYChina considering new anti-trust rules for auto sector, China Daily says
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August 20, 2014
06:16 EDTDDAIFHitachi among auto-part makers fined by China, WSJ reports
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August 18, 2014
07:37 EDTVLKAYReport says Russia may bar car imports if new sanctions enacted, Reuters says
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06:37 EDTDDAIFReport says Mercedes-Benz at fault for price-fixing in China, Reuters says
China's News agency Xinhua reported that the Jiangsu Province Price Bureau found Daimler's Mercedes-Benz responsible for charges which accused the company of fixing prices for after-sales services in the country, according to Reuters, citing the report. Reference Link
August 15, 2014
13:25 EDTVLKAYU.S. appeals court upholds dismissal of Porsche short squeeze suit, Reuters says
Porsche (POAHY) has convinced a U.S. federal appeals court to uphold the dismissal of a lawsuit that alleged the luxury car manufacturer of fraudulently controlling the market in Volkswagen (VLKAY) shares after they quietly amassed a large position in Volkswagen and created a "massive short squeeze" in October 2008, Reuters reported. The U.S. appeals court said Porsche could not be held responsible under U.S. securities fraud laws because the alleged wrongful conduct, which was brought on by more than 30 hedge funds who held short positions in shares of Volkswagen at the time, took place outside of the U.S., Reuters added. Reference Link

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