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Stock Market & Financial Investment News

News Breaks
April 11, 2014
07:31 EDTF, GM, HMC, VLKAY, TM, NSANY, FIATYChina auto sales growth slowed in March, WSJ reports
The China Association of Automobile Manufacturers said 1.71M passenger vehicles were sold there in March, which was up 7.9% from a year earlier but a slower growth rate than the 11% year-over-year increase seen in the January-to-February period, reported The Wall Street Journal. The association cited weak sales of minivans, which fell 23% in the month, as a large factor, the report noted. Publicly traded automakers include Ford (F), General Motors (GM), Fiat (FIATY), Honda (HMC), Toyota (TM), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
News For TM;GM;FIATY;VLKAY;F;NSANY;HMC From The Last 14 Days
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March 19, 2015
12:56 EDTHMCHonda to voluntarily expand recall for Takata air bags
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10:20 EDTVLKAYReport: Volvo may oust CEO Olof Persson in next 1-2 weeks, Reuters says
Volvo (VOLVY) may oust CEO Olof Persson as the automaker faces lower profit, reports Reuters, citing a Swedish business daily Dagens Industri report. According to unnamed sources, an announcement about the CEO's departure could come within one or two weeks. One likely successor could be Volkswagen's (VLKAY) Scania head Martin Lundstedt. Reference Link
March 18, 2015
08:37 EDTGMGeneral Motors says to change business model in Russia
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08:36 EDTGMGeneral Motors says to idle auto plant in St. Petersburg
March 17, 2015
16:13 EDTHMCHonda Aero receives FAA production certificate for HF120 Turbofan jet engine
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14:13 EDTF, GMMorgan Stanley questions GM capital allocation plan
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09:47 EDTVLKAYVolkswagen management to meet with JPMorgan
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09:13 EDTFMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
08:05 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
Morgan Stanley reinstated General Motors with an Underweight and $28 price target. The firm believes GM's agreement to accelerate capital returns to investors is a popular short-term decision but raises questions longer-term by increasing both financial and strategic risks.
06:23 EDTGMGM employees to be deposed for class action case, NY Times says
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06:13 EDTTMToyota to offer biggest pay increase for workers in 13 years, WSJ reports
Toyota will raise wages for its workers by the most in 13 years, The Wall Street Journal reports. According to a source, the automaker will raise the monthly pay for a unionized worker in Japan by about 3.2% on average beginning in April; workers will be offered a Y4,000 raise in monthly base pay and a Y7,300 raise in seniority pay, the source adds. Reference Link
March 16, 2015
11:06 EDTGMGM ignition switch death claims rises to 67, WSJ says
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March 15, 2015
17:20 EDTNSANY, VLKAYVolkswagen, Nissan criticized by China consumer rights show, Reuters says
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March 13, 2015
16:42 EDTGMStocks end week lower amid euro slide, Fed rate hike worries
Stocks finished the week lower as worries about the impact of the euro's fall against the dollar, along with continued anticipation of an upcoming rate hike by the Fed and concerns about deflation, weighed on shares. MACRO NEWS: The euro's slide against the dollar continued, causing investors to worry that the trend could have a significant negative impact on the results of U.S. based, multinational companies... Anticipation of an impending interest rate hike continued to impact the market. On Tuesday, outgoing Dallas Fed President Richard Fisher said the central bank should begin to gradually raise rates before the economy reaches full employment to avoid triggering a recession. On Thursday, stocks rose as investors speculated that weak February retail sales data could cause the central bank to delay raising interest rates... An unexpected decline in the producer price index, which was reported on Friday, may have rekindled fears about deflation taking hold in the U.S., weighing on stocks... In China, the government said that industrial production rose less than expected in the first two months of the year. China's exports were reported to surge 15% in the first two months of the year versus the same period a year earlier, but data also indicated that China's imports sank 20% in the first two months of 2015. COMPANY NEWS: Apple (AAPL) provided additional information about its upcoming Apple Watch at a product launch event. Apple Watch will be available on Friday, April 24 to customers in nine countries, including the U.S., with pre-orders beginning April 10. The lowest priced Apple Watch, the 38 mm Apple Watch Sport, will be priced at $349, while the 18-karat gold Apple Watch Edition will be priced starting at $10,000... Embattled floor retailer Lumber Liquidators (LL) updated investors on the impact of a recent critical report from 60 Minutes. In the nine days following the report, same-store sales fell 12.7% versus the same period a year earlier, it reported. The company added that it was not able to provide full-year guidance until it has more time to gauge the impact of consumers' reaction to the report... GM (GM) settled a potential proxy battle with an investment group led by Harry Wilson by agreeing to return more cash to shareholders... Alcoa (AA) agreed to buy RTI International Metals (RTI), which supplies specialty metals and services for several sectors, including aerospace and defense... Credit Suisse (CS) appointed Tidjane Thiam, who is currently Group Chief Executive of Prudential (PUK), as its new CEO... The shares of several chicken producers fell after a possible case of bird flu was identified in Arkansas. Among the chicken producers that declined were Tyson (TSN), which is based in Arkansas, Pilgrim's Pride (PPC), Sanderson Farms (SAFM), and Hormel (HRL)... GNC Holdings (GNC) sank after New York's Attorney General announced that he and three of his colleagues would further investigate the business practices of the herbal supplement industry. INDEXES: For the week, the Dow was down 0.57% to 17,749.31, the Nasdaq fell 1.12% to 4,871.76, and the S&P 500 dropped 0.87% to 2,053.40.
11:17 EDTGMGeneral Motors settles suit over death that triggered recalls, Bloomberg says
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05:27 EDTFFord starts production of 2015 F-150 at Kansas City Assembly Plant
Ford marks the official start of production of the all-new 2015 F-150 at Kansas City Assembly Plant, which joins Dearborn Truck Plant in building the F-150. This means Ford has expanded production of the first mass-produced light-duty pickup truck with a high-strength, military-grade, aluminum-alloy body. In addition to producing all F-150 models and cab configurations, production at Kansas City Assembly Plant now includes F-150s with an 8-foot cargo box and heavy payload package to meet the needs of commercial fleet customers. The all-new F-150 is off to a strong start. In January, F-Series had its strongest sales month since 2004 Ė Fordís best sales year ever for F-150. Retail sales increased 7 percent in February. These numbers make F-Series one of Fordís fastest-selling vehicles, at just 18 days to turn on dealer lots Ė well below the light-duty full-size pickup truck average of 105 days. Combined, Kansas City Assembly and Dearborn Truck facilities will have capacity to produce more than 700,000 Ford F-150 pickups per year for availability in 90 markets globally.
March 12, 2015
17:53 EDTGMGeneral Motors to recall about 64,000 2011-2013 Chevy Volts, Auto News says
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10:48 EDTGMGM to cut Chevy, GMC powertrain warranty to 60K miles, Automotive News reports
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08:54 EDTVLKAYVolkswagen declines to comment on LeasePlan, Reuters says
Volkswagen finance head Hans Dieter Poetsch declined to comment on the possibility of selling the company's stake in LeasePlan, reports Reuters. A LeasePlan spokeswoman said Wednesday "the company is in takeover talks," and the Wall Street Journal reported Tuesday that that Volkswagen is looking to sell its 50% holding. Reference Link
06:41 EDTGMGM repurchase, dividend plan may delay credit upgrade, Reuters says
General Motors' (GM) $5B share repurchase plan as well as its planned dividend boost may delay its pursuit of a single A credit rating, reports Reuters, citing officials with Standard & Poor's Ratings Services and Moody's (MCO) Investor Service. S&P credit analyst Nishit Madlani stated that it was previously considering GM for an upgrade in 2016, but "upside ratings... [are now] unlikely in the next two years." Moody's SVP Bruce Clark stated a positive rating change is now "probably not going to happen until '16." Reference Link
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