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Stock Market & Financial Investment News

News Breaks
January 30, 2013
06:01 EDTRDS.A, DELL, TM, FOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Small investors are back in the market after abandoning it during the financial crisis. The return by individual investors is a big reason why the Dow Jones Industrial Average is moving toward an all-time high. The Dow has jumped 850 points in January, a 6.5% gain, marking its best start to a new year since 1989, the Wall Street Journal reports...The Fed could be charting a course that leaves the highly profitable central bank with no extra income to hand over to the Treasury for several years. That's what five Fed staff economists who examined how the central bank's bond-buying programs will affect its profitability over the long run, the Wall Street Journal reports...REUTERS: Toyota Motor (TM) will recall 1.1M cars worldwide for defects, including 752,000 Corolla and Corolla Matrix vehicles in the U.S. to fix airbags that could be deployed inadvertently, Reuters reports...A Dutch court ruled today that Royal Dutch Shell (RDS.A) can be held partially responsible for pollution in the Niger Delta in southern Nigeria, saying the company should have prevented sabotage at one of its facilities, Reuters reports...BLOOMBERG: A widening loss in Europe sent Fordís (F) shares down the most in seven months, taking the marketís attention from Q4 earnings that beat estimates. Shares for Ford slid 4.6% to $13.14 yesterday, the biggest one-day drop since June 29 and wiped out most of their gains this year, Bloomberg reports...Michael Dell is seeking majority control of Dell (DELL) in a buyout that would combine his 15.7% stake in the company with as much as $1B of his personal funds, sources say, Bloomberg reports.
News For A;F;DELL From The Last 14 Days
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April 1, 2015
16:24 EDTFOn The Fly: Closing Wrap
Stocks began the session in negative territory, extending their losses from yesterday. The slide followed a disappointing report on private sector hiring in March as well as data on manufacturing in the U.S., China and the eurozone. Investors are now looking forward to Fridayís nonfarm payrolls report, which will be issued as usual on the first Friday of the new month despite the fact that the stock market will be closed for the Good Friday holiday. ECONOMIC EVENTS: In the U.S., payroll processor Automatic Data Processing said private payrolls grew by 189,000 in March, missing the consensus forecast for 225,000 jobs to have been added. Markit's final manufacturing PMI for March edged up to 55.7 from the 55.3 flash reading, where analysts expected it to remain. The Institute for Supply Management's manufacturing index fell to 51.5 in March, lower than the consensus forecast for a smaller drop to 52.5 from the prior 52.9 reading. Construction spending declined 0.1% in February, as forecast. In China, the official PMI climbed to 50.1 in March from 49.9 in February, beating the estimate for a 49.7 reading. HSBC and Markitís manufacturing PMI also topped analystsí consensus forecast. In Europe, Markit's purchasing managers index for the eurozone rose to 52.2 in March from 51.0 in February. Markit had previously estimated in a flash reading that the PMI rose to 51.9 during last month. COMPANY NEWS: General Motors (GM) slipped 76c, or 2.03%, to $36.74 and Ford Motor (F) declined 23c, or 1.43%, to $15.91 after the automakers reported their U.S. sales fell 2.4% and 3.4%, respectively, in this March compared to the same month of last year... Web domain marketplace operator GoDaddy (GDDY) jumped $6.15, or 30.75%, to close at $26.15 following its first day of trading on the NYSE. The company priced its initial public offering of stock at $20 per share. MAJOR MOVERS: Among the notable gainers was Dyax (DYAX), which advanced $9.00, or 53.69%, to $25.75 after the drugmaker reported data from a Phase 1b clinical trial of its DX-2930 drug, a treatment for hereditary angioedema, or HAE. Also rising was Receptos (RCPT), which jumped $8.55, or 5.19%, to $173.44 after Bloomberg reported that the company received expressions of takeover interest while it was in partnership talks with other drugmakers. Among the noteworthy losers was UTi Worldwide (UTIW), which fell $2.32, or 18.86%, to $9.98 after its quarterly report and guidance prompted RBC Capital to downgrade the stock to Sector Perform and state that it has "lost confidence" in the company's ability to deliver top-line growth, cost cuts, and margin improvement near-term. Also lower were shares of Macerich (MAC), which declined $5.60, or 6.64%, to $78.73 after announcing that its board unanimously rejected Simon Property Group's (SPG) revised, unsolicited proposal to acquire the company for $95.50 per share in cash and stock. INDEXES: The Dow fell 77.94, or 0.44%, to 17,698.18, the Nasdaq lost 20.66, or 0.42%, to 4,880.23, and the S&P 500 dropped 8.20, or 0.4%, to 2,059.69.
13:42 EDTFFord slips below 50-day moving average, levels to watch
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12:39 EDTFOn The Fly: Midday Wrap
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10:36 EDTFFord says buyers continued to shift to trucks, SUVs from cars in March
Says "bullish" about car line up.
10:19 EDTFFord says sees U.S. GDP growth of 3% this year
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09:18 EDTFFord reports March U.S. sales down 3.4% to 235,929 vehicles
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09:16 EDTFFord reports March U.S. sales down 3.4% to 235,929 vehicles
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March 31, 2015
13:38 EDTFBuffett says will be doing business with Ford, GM
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March 30, 2015
18:01 EDTARigaku Corp. to acquire Agilent's X-ray diffraction business
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08:26 EDTFSPD-SmartGlass to be featured in new Lincoln Continental concept car
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06:32 EDTFFord to revive Lincoln Continental, Reuters reports
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March 27, 2015
08:38 EDTFFord volatility at low end of historic range
Ford April weekly call option implied volatility is at 21, April is at 19, May is at 20, June is at 19; compared to its 26-week average of 24 according to Track Data, suggesting decreasing price movement.
March 26, 2015
13:15 EDTFFord opens $1B Indian plant, wants to triple exports from country, Reuters says
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10:15 EDTFFord to host sales conference call
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March 25, 2015
09:25 EDTFFord issues three safety recalls in North America
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March 24, 2015
09:10 EDTADako announces collaboration agreement with Amgen
Dako, an Agilent Technologies (A) company, announced a new Master Collaboration Agreement with Amgen (AMGN). The expanded collaboration will allow both companies to benefit from knowledge-sharing within the field of drug-diagnostic research and development in general, and in relation to companion diagnostic products in particular. The financial details of the agreement were not disclosed.
06:12 EDTFFord, GM considering asking for lower-paid workers, Bloomberg says
Ford (F) and General Motors (GM) are considering asking the United Auto Workers union to create a lower-pay tier of employee at U.S. auto factories, reports Bloomberg, citing people familiar with the matter. The union, on the other hand, is considering eliminating the existing tier structure altogether, according to a person familiar with the union leadership. The proposed lower tier worker would not assemble cars, said the sources. Reference Link
March 20, 2015
08:01 EDTFStifel says evidence supports Apple moving into electric vehicles
Analysts at Stifel say they see enough evidence to suggest that Apple is internally working on the development of a battery electric vehicle to be sold over the next five-to-ten years. The analysts are "intrigued" by Apple CFO Luca Maestri's background at General Motors (GM). They believe Apple's investments in manufacturing should be a key consideration for investors and point out the $40B spent by the iPhone maker over the past five years, with 80%-plus invested in manufacturing, is similar to GM, Ford (F) and Daimler-Benz and well above Tesla's $1.8B cumulative capex. The analysts say there is a "lot to think about" regarding Apple's move into the car space, including the regulatory environment. They keep a Buy rating on the tech giant with a $150 price target. Shares of Apple closed yesterday down 97c to $127.50.

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