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Stock Market & Financial Investment News

News Breaks
December 26, 2012
16:28 EDTTMHagens Berman: Toyota agrees to fund a settlement of cases worth up to $1.4B
The attorneys representing Toyota (TM) owners who claim that their vehicles are prone to sudden, unexplained acceleration announced that Toyota has agreed to a settlement valued between $1.2B and $1.4B, which includes direct payments to consumers as well as the installation of a brake-override system in an estimated 3.25M vehicles. Under the terms of the proposed settlement, Toyota will install a brake-override system in vehicles subject to floor mat entrapment recalls. In addition, the settlement establishes a fund of $250M to be paid to former Toyota owners who sold their cars during the period from Sept. 1, 2009, through Dec. 31, 2010, to compensate those owners for an alleged reduced value as a result of publicity concerning unintended acceleration. A separate fund of $250M will be established to compensate current owners whose vehicles are not eligible for a brake-override system. The settlement also provides that all 16M current owners will be eligible for a customer care plan that will warranty certain parts that plaintiffs allege are tied to unintended acceleration for between three and 10 years. The agreement also provides $30M in education grants to independent academic institutions to further the study of auto safety and to enhance driver education. Judge James Selna is expected to review the proposed settlement on Dec. 28, 2012, and if he agrees with its fairness, will grant preliminary approval.
News For TM From The Last 14 Days
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October 1, 2014
10:22 EDTTMToyota reports September U.S. sales up 1.7% to 167,279 units
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10:14 EDTTMToyota reports September U.S. sales up 1.7%, Bloomberg says
September 30, 2014
10:02 EDTTMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMAG Pharmaceuticals (AMAG) upgraded to Outperform at FBR Capital... Addus HomeCare (ADUS) upgraded to Outperform from Perform at Oppenheimer... Alcoa (AA) upgraded at BofA/Merrill... Ashford Hospitality Prime (AHP) upgraded to Outperform from at FBR Capital... Associated British Foods (ASBFY) upgraded to Outperform from Neutral at Credit Suisse... CSC (CSC) upgraded at Raymond James... Century Aluminum (CENX) upgraded to Buy from Neutral at BofA/Merrill... Dominion Diamond (DDC) upgraded to Overweight from Equal Weight at Barclays... Flagstar Bancorp (FBC) upgraded to Neutral from Sell at BTIG... Freeport McMoRan (FCX) upgraded to Buy from Neutral at BofA/Merrill... Hudbay Minerals (HBM) upgraded to Buy from Neutral at BofA/Merrill... ICU Medical (ICUI) upgraded at Raymond James... Lockheed Martin (LMT) upgraded at Stifel... Mellanox (MLNX) upgraded to Overweight from Neutral at Piper Jaffray... NiSource (NI) upgraded to Outperform from Neutral at Credit Suisse... Northwest Bancshares (NWBI) upgraded to Outperform at Boenning & Scattergood... NuVasive (NUVA) upgraded to Buy from Hold at Brean Capital... Patterson-UTI Energy (PTEN) upgraded to Equal Weight at Morgan Stanley... Raytheon (RTN) upgraded at Stifel... Royal Dutch Shell (RDS.A) upgraded to Outperform from Market Perform at Bernstein... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... TIBCO (TIBX) upgraded to Equal Weight from Underweight at Barclays... Taseko Mines (TGB) upgraded to Neutral from Underperform at BofA/Merrill... Teekay (TK) upgraded to Buy from Hold at Deutsche Bank... Toyota (TM) upgraded to Overweight from Neutral at JPMorgan.
06:47 EDTTMToyota upgraded to Overweight from Neutral at JPMorgan
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06:18 EDTTMToyota upgraded to Overweight from Neutral at JPMorgan
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September 29, 2014
12:05 EDTTMToyota announces recall of 690,000 Tacoma trucks
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September 25, 2014
13:21 EDTTMToyota recalls 132K Tundras over air bags
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12:42 EDTTMFord executive sees 2015 U.S. auto sales between 16.8M-17.5M
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September 24, 2014
07:37 EDTTMToyota JV reduces China sales outlook by 6%, WSJ says
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September 22, 2014
12:59 EDTTMToyota to use aluminum for Camry hood, Automotive News says
Toyota Motor (TM) looks set to begin using aluminum instead of steel to build the hood of its widely popular Camry vehicle, according to Automotive News. The change will begin in 2018, the website quoted an unnamed source as saying, Alcoa (AA) mines aluminum. Reference Link
September 18, 2014
15:07 EDTTMHonda to price upcoming fuel cell vehicle similar to Toyota, Nikkei reports
Honda's (HMC) upcoming fuel cell vehicle will be priced similar to Toyota's (TM), with a range of approximately $63,000-$73,000, Nikkei says. Both companies will be relying on government subsidies to give consumers an incentive to purchase the new vehicles. Reference Link
13:05 EDTTMToyota announces recall of 20K vehicles, model years 2014, 2015
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