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Stock Market & Financial Investment News

News Breaks
December 27, 2012
16:15 EDTTM, BCDS, DIOD, VVUS, QCOR, JCPOn The Fly: Closing Wrap
Stocks on Wall Street spent almost the entire session in negative territory but the averages recovered most of their losses in the last hour of trading. Headlines from Washington late in the trading day indicated the House of Representatives plans a session for Sunday evening to discuss the fiscal cliff. After opening lower the averages fell to their worst levels just after midday and were trading near those levels before moving sharply higher, and eventually erasing almost all of their losses, during the final 90 minutes of trading... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 12,000 to 350,000, compared to expectations for claims to remain relatively flat with the prior week. Sales of new homes rose 4.4% in November from October to a seasonally adjusted annual rate of 377,000, beating expectations. Consumer confidence fell to its lowest level since August with a 65.1 reading for December, versus expectations for a 70.0 figure. This morning, Senate Majority Leader Harry Reid warned that there may not be enough time left to reach a budget deal and that the U.S. appears destined to head over the fiscal cliff. However, late day optimism took hold based on plans for the House to reconvene this weekend... COMPANY NEWS: U.S. listed shares of Toyota Motor (TM) gained $2.18, or 2.41%, to $92.54 after the company agreed to a settlement valued over $1B related to previous recalls over claims of accelerator pedal problems... MAJOR MOVERS: Among the notable gainers was BCD Semiconductor (BCDS), which rose $3.43, or 86.18%, to $7.41 after agreeing to be acquired by Diodes (DIOD) for $8.00 per U.S. listed share. Shares of Diodes also gained 23c, or 1.36%, to $17.14. Also higher were shares of VIVUS (VVUS), up 51c, or 3.88%, to $13.67 after the company's CEO was quoted by Financial Times as saying he foresees the potential for using direct-to-consumer advertising and a larger scale sales force to market its Qsymia weight-loss drug. Among the noteworthy losers was Questcor Pharmaceuticals (QCOR), down $2.12, or 7.09%, to $27.78 after the circulation of a Blue Cross/Blue Shield of Michigan document related to coverage of the company's Acthar Gel. Also lower were shares of and J.C. Penney (JCP), down $1.23, or 5.93%, to $19.52 after being mentioned by The Wall Street Journal as a retailer that may face a particularly challenging and important year in 2013... INDICES: The Dow was down 18.28, or 0.14%, to 13,096.31; the Nasdaq was down 4.25, or 0.14%, to 2,985.91; and the S&P 500 was down 1.74, or 0.12%, to 1,418.09.
News For TM;BCDS;DIOD;VVUS;QCOR;JCP From The Last 14 Days
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October 31, 2014
07:38 EDTTMToyota November volatility at 17 into Q2 and outlook
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06:31 EDTTMNHTSA asks Takata for defected airbag documentation, Reuters says
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October 30, 2014
13:45 EDTTMHyundai hybrid to compete with Prius, Reuters reports
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06:42 EDTTMDefected Takata airbags could take months to replace, Reuters says
The National Highway Traffic Safety Administration does not think Takata is capable of completely supplying replacement parts for millions of faulty airbags until this upcoming January or later, according to Reuters, citing comments from the agency's deputy director. David Friedman. Car companies who utilized Takata airbags include Toyota (TM), Honda (HMC), Mazda (MZDAF), BMW (BAMXY), Nissan (NSANY), Mitsubishi, Subaru, Chrysler (FCAU), Ford (F), and General Motors (GM). Reference Link
October 28, 2014
11:38 EDTJCPKohl's sinks after profit, sales growth outlook misses expectations
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October 27, 2014
14:37 EDTTMToyota tops Consumer Reports survey, Reuters says
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06:40 EDTTMTakata mulls $19M-$28M charge to cover airbag recall expense, Reuters says
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06:17 EDTTMToyota leads over Volkswagen and GM in global vehicle sales, AP reports
Toyota (TM) continues to lead rivals Volkswagen (VLKAY) and General Motors (GM) as the world's top selling automaker in the first nine months of the year, reports the Associated Press. Toyota reported record sales of 7.62M vehicles, up 3% from last year. Volkwager said earlier this month it sold 7.4M vehicles in the nine-month period while GM reported 7.37M cars and trucks worldwide in the same period. Reference Link
October 24, 2014
18:25 EDTTMToyota won't seek price concessions from parts suppliers Nikkei says
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10:29 EDTJCPOptions with decreasing implied volatility
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06:29 EDTTMHonda Mobilio zeros in on Toyota's domain in Indonesia, Reuters says
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October 23, 2014
13:11 EDTTMToyota sold Tesla shares, partnership ties reduced, Nikkei says
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07:58 EDTTMAutomakers under increased scrutiny after wide ranging air bag recall, WSJ says
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October 22, 2014
11:33 EDTTMToyota exec aims to keep Takata despite airbag defect, Reuters says
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06:24 EDTTMNHTSA says over 6M cars involved in Takata airbag recalls
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October 20, 2014
10:32 EDTTMToyota recalls 247K vehicles equipped with faulty Takata air bags
Toyota Motor Sales, U.S.A. announced plans to conduct a supplemental safety recall of approximately 247,000 Toyota Corolla, Matrix, Sequoia, Tundra and Lexus SC vehicles produced from 2001 to 2004 and equipped with front passenger airbag inflators supplied by Takata Corporation. This action intensifies Toyota’s efforts to reach customers and remedy previously recalled vehicles, and a small number of newly included vehicles, in certain geographic areas that appear to warrant immediate action, based on testing by the supplier. Reference Link

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