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Stock Market & Financial Investment News

News Breaks
March 29, 2012
06:41 EDTSNE, TM, MITSY, SUHJYOn The Fly: Asian News Wrap-Up
Asian stocks fell, following disappointing data regarding U.S. factory orders and continued concerns over company earnings reports emerging from China. JAPAN: The Nikkei 225 declined 0.7% to 10,114.79. Toyota (TM) gave back 1.7%, while trading house Mitsui & Co. (MITSY) slid 3.3% and Sony (SNE) lost 1.5%. CHINA: The Shanghai Composite Index declined 1.4% to 2,252.16. Machine maker Sany Heavy dropped 4.1%, while Zijin Mining lost 2.6% and Sinovel Wind fell 1.4%. AROUND ASIA: Hong Kong's Hang Seng Index fell 1.32%, India's Sensex gave back 0.37%, and South Korea's Kospi declined 0.85%...Tepco has requested approximately $12B of public funds to avoid collapse, creating space for the government to take control of what had been the world's largest private utility...Sun Hung Kai Properties (SUHJY), Hong Kong's largest developer, has been suspended from trading, with co-chairmen Thomas and Raymond Kwok being asked to assist in an anti-graft investigation.
News For SUHJY;TM;SNE;MITSY From The Last 14 Days
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January 30, 2015
14:52 EDTSNESony Pictures, Warner Bros, Singtel partner to deliver OTT video to Asia
Singtel, Sony Pictures Television (SNE) and Warner Bros. Entertainment, a subsidiary of Time Warner (TWX), have established HOOQ, a joint venture start-up, to offer a regional over-the-top, or OTT, video service in Asia. HOOQ will deliver both Hollywood blockbusters and television series, as well as popular local movies and programs to customers anytime, anywhere by enabling them to stream and download their favorite shows on their device or platform of choice. HOOQ will be rolled out progressively in the Singtel Groupís Asian footprint, including Indonesia, the Philippines, India and Thailand, from Q1. The venture is designed to compete directly with Netflix (NFLX) as the company has been preparing to launch in Australia and New Zealand this year and into broader Asian market in the near future.
January 28, 2015
13:37 EDTTMToyota to recall about 52,000 model year 2011-2012 Avalon sedans
Toyota Motor Sales, U.S.A. announced plans to conduct a safety recall of approximately 52,000 Model Year 2011-2012 Avalon sedans. In the involved vehicles, cargo could contact one of the audio system subwoofer wires located inside the trunk, and move the wire out of its normal position. If one of these wires contacts the metal frame of the subwoofer, it may result in an intermittent short circuit. If this occurs, the subwoofer could overheat, increasing the risk of a fire. Toyota is not aware of any crashes, injuries, or fatalities caused by this condition. Owners of the involved vehicles will receive a notification by first class mail. Toyota dealers will provide a repair for the audio system. Until the remedy is available, as a precaution, Toyota dealers will disconnect the rear subwoofer.
12:20 EDTSNESony to shut down 'Music Unlimited' service on March 29
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05:58 EDTSNESony to focus on Taiwan mid-range to high-end smartphone market, DigiTimes says
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05:58 EDTSNESharp estaimtes LCD TV shipments to reach 6M in FY14, DigiTimes reports
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January 27, 2015
13:19 EDTSNESony to cut additional 1,000 employees in smartphone business, Nikkei says
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07:21 EDTTMDEA using license-plate readers to spy on cars, WSJ reports
The Drug Enforcement Administration has been running a license-plate tracking program that has built a national database that enables it and other law enforcement agencies to track the movement of vehicles around the U.S., according to The Wall Street Journal, citing current and former officials and government documents. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
January 23, 2015
10:07 EDTSNEHigh option volume stocks
High option volume stocks: CE TSM RYAM NOC SNE FXCM LBTYA TKMR LF STT
06:17 EDTSNESony to delay earnings report due to last year's cyberattack
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January 22, 2015
06:54 EDTSNESony sees mobile success in Middle East and Africa, WSJ says
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January 21, 2015
19:18 EDTTMLower oil prices could boost car and truck sales, CNBC reports
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13:53 EDTTMGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
06:36 EDTSNESony's 'The Interview' nets $40M in online and TV sales, Re/code says
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06:35 EDTSNESony planning to reduce headcount in Japan by 1,500, Variety reports
According to media reports in Japan, Variety reports that Sony is planning to reduce its headcount in various divisions in Japan by about 1,500 by the end of FY14 through early retirement programs. The process, which began last August, involved Sony's corporate planning and finance departments, but has now been expanded to include corporate headquarters staff. Reference Link
January 20, 2015
18:38 EDTSNESony probed Indian operations for corruption, Bloomberg reports
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12:51 EDTTMToyota sees 2015 global sales dropping to about 10.15M units, Nikkei says
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