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Stock Market & Financial Investment News

News Breaks
March 7, 2014
16:54 EDTSWY, F, SPLS, TM, RSHUkraine, 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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November 18, 2014
15:17 EDTSPLSStaples technical comments ahead of earnings
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14:46 EDTSPLSStaples November volatility elevated into Q3 and outlook
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14:14 EDTRSHRadioShack loan talks with Monarch hedge fund ended, Bloomberg reports
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09:55 EDTFFord recalling 65,000 Fusion sedans in North America, Reuters reports
Ford is recalling 65,000 Fusions in North America, or about 56,500 in the U.S., 6,000 in Canada and 2,350 in Mexico, Reuters reports. The automaker is recalling the vehicles due to a programming fault that allows the key to be removed from the ignition even if the car is not in "park" 30 minutes after the ignition is off. No injuries or crashes have been reported as a result of this issue. For the latest breaking news, listen to Fly Radio
06:46 EDTTMToyota to sell fuel cell car in Japan in December, Reuters says
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November 17, 2014
14:17 EDTFFord wants to make electric vehicles for the masses, Yahoo reports
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12:59 EDTTMToyota experimenting with driverless car technology, Nikkei reports
Toyota is working on driverless car technology at its U.S. research centers in a move to develop "self-judging" vehicles that can avoid traffic accidents, the Nikkei reports. Reference Link
09:22 EDTFOn The Fly: Pre-market Movers
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November 16, 2014
19:58 EDTTMJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link
17:57 EDTFFord expands Ranger recall on additional Takata air bag defect, Bloomberg says
Ford has increased the scope of its Ranger pickup trucks recall after an incident in Malaysia alerted the car company of a defect in the Takata air bags that was not previously known, says Bloomberg. Reference Link
16:55 EDTFFord could rise 30% in a year, Barron's says
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November 14, 2014
06:22 EDTSPLSStocks with implied volatility above IV index mean; SPLS SINA
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November 13, 2014
11:15 EDTFFord wary of expanding South African investment, Reuters says
Due to repeated disruptions to its operations from strikes, Ford is reticent to expand its investment in Its South African operation, says Reuters. Jeff Nemeth, president of Ford's South African business, said, "A challenge for us here in South Africa is convincing our board to continue to invest in a country where the stability of output is a little less certain than in other countries," added Reuters. Reference Link
10:51 EDTSPLSStaples November volatility elevated into Q3 and outlook
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November 12, 2014
07:22 EDTFFord offers favorable risk/reward, says UBS
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06:03 EDTTMToyota recalls 361,800 vehicles worldwide, Reuters reports
Toyota is recalling 361,800 vehicles around the world, covering three separate defects, Reuters reports. The recalls include 170,000 Camrys to fix a faulty ball joint, and the automaker is also recalling 105,800 Hiace, Dyna and Regius Ace models mainly in Japan, as well as 86,000 Crown and Crown Majesta models in Japan. Reference Link
November 11, 2014
07:15 EDTFFord begins production of 2015 F-150 at Ford Rouge Center
The 2015 Ford F-150 starts production at Ford Rouge Center. The facilities have been transformed with the latest in manufacturing technology to build the first mass-produced truck in its class featuring a high-strength, military-grade, aluminum-alloy body and bed. The new F-150 goes on sale in December in the U.S. and will be available in 90 markets in 2015.
November 10, 2014
15:57 EDTTMWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
13:06 EDTRSHRadioShack to open most of its stores on Thanksgiving, Bloomberg reports
RadioShack plans to open most of its stores on Thanksgiving for the first time, reports Bloomberg. According to company spokeswoman Merianne Roth, more than 3,000 Radioshack sotres will open from 8 a.m. to midnight. Reference Link
08:04 EDTFFord announces partnership with Wind Energy Corporation
Ford Motor Company is collaborating with Wind Energy Corporation to bring a new and innovative source of clean energy to its dealers. Under a pilot program exclusive to Ford, Wind Energy will install wind sail and solar panel systems at four Ford dealerships, a nearly $750,000 investment, to help power dealer facilities. A Windy System is expected to deliver 20,000 kilowatts of electricity annually. That is enough energy to power two average-sized homes for a year or charge a Ford Focus Electric 870 times, Fusion Energi 2,600 times and C-MAX Energi 2,600 times. Using one Windy System will offset nearly 14 tons of greenhouse gases per year.
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