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Stock Market & Financial Investment News

News Breaks
March 7, 2014
16:54 EDTTM, F, RSH, SPLS, SWYUkraine, U.S. jobs dominate headlines as markets log gains
Stocks on Wall Street were higher in a week that saw instability in Ukraine dominate headlines early, with a better-than-expected U.S. jobs report finishing the week. MACRO NEWS: Global markets started the week lower on concerns regarding the situation in Ukraine, and while the flow of news coming out of the region did not slow during the week, it appeared to weigh less prominently on investors as the week wore on... On Monday, China's final Markit/HSBC manufacturing Purchasing Managers' Index for February fell for the third straight month to a seven-month low of 48.5... The U.S. non-farm jobs report for February showed the economy added 175,000 jobs, exceeding economists' expectations for 150,000. Despite the better-than-expected job gains, the unemployment rate edged higher to 6.7% from last month's 6.6% level... The Federal Reserve released its latest Beige Book report of economic activity on Wednesday, which showed that economic activity in eight of the central bank's twelve districts saw modest to moderate improvements since the last survey. The report showed, however, that the severe winter weather has weighed on retail sales. COMPANY NEWS: Auto sales fell for major US and Japanese brands, including Ford, which saw sales slide 6% and Toyota (TM), which saw sales slide 4% for February... Legacy big box retailers RadioShack (RSH) and Staples (SPLS) both reported earnings this week that disappointed and announced plans to close stores. RadioShack announced it would close 1,100 stores and said it is not considering a pre-packaged bankruptcy, while Staples said it would close 225 stores in North America and said it will no longer provide annual sales or earnings guidance. Shares of both retailers fell more than 15% during the week... Safeway (SWY) announced a deal Thursday night to be acquired by Albertsons, which is owned by private-equity firm Cerberus Capital, in a deal that values the grocer at about $40 per share. Shares of Safeway lost about 2% after the deal, which had been roundly telegraphed in recent media reports, was formally announced. Shares of Safeway, however, have gained about 60% over the 52-week period ended with today's trade. INDEXES: The Dow was up 0.8% to 16,452.72, the S&P 500 was up 1% to 1,878.04, and the Nasdaq was up 0.6% to 4,336.22.
News For TM;F;RSH;SPLS;SWY From The Last 14 Days
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July 22, 2014
07:17 EDTFNational Association for Business Economics to hold a seminar
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July 18, 2014
18:21 EDTTMToyota to launch pricier compact in India, Nikkei reports
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15:23 EDTTMJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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July 17, 2014
05:17 EDTFFord launches product acceleration in Middle East, Africa
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July 16, 2014
08:00 EDTFFord added to US Key Calls List at UBS
UBS added Ford to its Key Calls List after its recent survey raised its confidence in the success of the F-150 product launch. The survey showed good reception and that buyers were willing to pay a premium above the firm's estimates. UBS said shares are trading well below its long-term OEM average multiple and maintains its Buy rating and $23 price target on Ford.
06:19 EDTFFord, GM, Chrysler not interested in Tesla patents, Detroit News says
Ford (F), General Motors (GM), and Chrysler (FIATY) either have little interest in Tesla's (TSLA) EV patents or the companies are not sharing their plans, reports the Detroit News. Reference Link
July 15, 2014
17:35 EDTFGoogle confirms Alan Mulally appointment to board
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16:15 EDTFGoogle appoints ex Ford CEO Alan Mulally to board, CNBC says
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07:15 EDTSWYIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:32 EDTSPLSStaples, USPS cease in-store mini-post office program, Reuters says
After several protests outside of its stores, Staples said it is set to end a pilot program with the U.S. Postal Service to set up mini-post offices in the firm's retail locations, according to Reuters, citing comments from spokeswomen representing Staples and the USPS. Reference Link
06:27 EDTF, TMAutomakers backing U.S.-EU trade deal, NY Times reports
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July 14, 2014
08:14 EDTFFord should beat Q2 estimates while General Motors will miss, says UBS
UBS believes Ford (F) will beat Q2 estimates while General Motors (GM) will miss due to recall costs. Were it not for the recall charges, UBS thinks GM would post solid underlying results. UBS, which thinks Ford is likely to see a strong second half as product launch costs are already factored into guidance, raised its price target on the stock to $22 from $18. UBS increased its GM price target to $54 from $49. The firm keeps Buy ratings on both stocks.
07:55 EDTTM, FToyota halts production at South African plant, Bloomberg reports
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06:43 EDTFFord ceases production at South African facility, Reuters says
Ford announced that it has temporarily ceased production at one of its South African facilities due to a strike at some of its suppliers, according to Reuters, citing comments from Ford spokeswoman Alicia Chetty. Chetty said that only Ford's Pretoria facility was affected while its other plant in Port Elizabeth was operating as usual. Reference Link
06:08 EDTF, TMABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
July 13, 2014
15:54 EDTSPLSGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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July 11, 2014
08:50 EDTFNHTSA probes 500K Ford vehicles for steering issue, Detroit News says
The National Highway Traffic Safety Administration opened a preliminary probe into 500K older Ford vehicles for steering issues, according to the Detroit News, citing comments from the NHTSA. Ford spokeswoman Kelli Felker said the car manufacturer will cooperate with the NHTSA. Reference Link
July 10, 2014
14:01 EDTTMToyota selects KDC to develop new North American headquaters
Toyota announced that it has selected Dallas-based KDC Real Estate Development & Investments, one of America's leading commercial real estate development and investment firms, to develop its new North American headquarters campus in the Legacy West development in Plano, Texas. Toyota recently finalized the purchase of its new headquarters site and expects to begin occupying the campus in late 2016 or early 2017. Once completed, the headquarters will be home to about 4,000 Toyota employees.
09:56 EDTFFord, Fiat Chrysler inquire about EU changes, FT says
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09:50 EDTFFord 'committed' to South Africa, minimizes worries over strikes, Reuters says
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