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Stock Market & Financial Investment News

News Breaks
February 3, 2014
07:21 EDTVLKAY, GM, HYMLF, SZKMF, TTM, NSANY, HMCAutomakers eye India's rural areas for growth, Reuters reports
Automakers from GM (GM) to Honda (HMC) see rural India as a path to growth as incomes rise faster in small towns and country areas than in the major cities, reports Reuters.Foreign automakers are spending billions on factories, product development and marketing. Reference Link
News For TTM;GM;HMC;SZKMF;VLKAY;NSANY;HYMLF From The Last 14 Days
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November 18, 2014
17:37 EDTVLKAY, NSANY, GM, HMCNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
09:51 EDTTTMJaguar Land Rover recalls 28,037 Range Rover, Range Rover Sport vehicles
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06:00 EDTHMCHonda quietly offers to replace defective air bags, AP reports
Though its latest recall for defective air bag inflators only covers vehicles in 13 states, Honda is quietly offering to repair the inflators across the U.S. for owners concerned about their safety, the Associated Press reports. Honda is not planning to notify customers outside the recall areas, the AP says. Reference Link
November 17, 2014
06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 16, 2014
19:58 EDTHMCJapan'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
November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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07:32 EDTGMHayman Capital gives quarterly update on stakes
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November 13, 2014
06:46 EDTHMCHonda recalls another 170K vehicles over air bag issue, Reuters says
Honda recalled another 170,000 vehicles globally because of defective air bags supplied by Takata, according to Reuters. Meanwhile, the Malaysian driver of a Honda City vehicle was killed by shrapnel from a Takata air bag, becoming the fifth such fatality globally and the first outside the U.S. ,the news service stated. Reference Link
06:24 EDTGMHeidrick & Struggles picked by GM to find new general counsel, WSJ reports
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November 12, 2014
08:42 EDTGMGeneral Motors' Ammann leading push for change, WSJ says
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06:39 EDTHMCFormer heads of Honda say more focus on quality control needed, Reuters reports
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November 11, 2014
17:17 EDTGMGM scales back workers, production at small car plant, WSJ says
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05:37 EDTVLKAYSAP, Shell, Volkswagen co-innovate for connected vehicle
SAP (SAP) announced a co-innovation pilot program with Shell (RDS.A, RDS.B) and Volkswagen AG (VLKAY) to investigate how connected vehicles would interact with the world around them. The ongoing pilot in Hannover, Germany, aims to lay the foundations for a range of services including an integrated system for connected fueling. The goal is to deliver drivers a hosted cloud-based solution that saves time and can deliver new, exciting customer offers through connected vehicles that could not be delivered by the three companies individually. The pilot forms the bases of discussion for further collaborations for connected vehicles between the three companies and others.
November 10, 2014
15:57 EDTNSANYWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
11:16 EDTNSANYNissan to hire 1,000 more workers, Automotive News says
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06:51 EDTHMCHonda to prioritize quality over sales goal, Reuters reports
Honda 's CEO said quality improvements would be more important to the company than its 6M car sales target for the year starting April 2016, according to Reuters. Honda is recalling millions of its cars to repair potentially defective air bags, the news service noted. Reference Link
06:41 EDTGMGM ordered new switches months before recall, WSJ reports
Half a million replacement ignition switches were ordered by General Motors (GM) almost two months before it alerted federal safety regulators of the issues that led to a recall of millions of vehicles, the Wall Street Journal reports, citing email exchanges between the automaker and Delphi Automotive (DLPH). The email exchanges, which took place in mid-December 2013 between a GM contract worker and Delphi, indicate GM placed an "urgent" order for 500,000 replacement switches on December 18, a day after a meeting of senior executives. Reference Link
November 9, 2014
16:24 EDTHMCHonda Accord probed by regulators on power steering issue, Bloomberg says
Honda's Accord is being investigated by U.S. regulators after numerous complaints about power steering failure in 2013 models, says Bloomberg. The National Highway Traffic Safety Administrationís Office of Defect Investigation says that 374,000 vehicles may be affected, added Bloomberg. Reference Link
15:59 EDTNSANYNissan expands recall over potentially faulty air bags, Bloomberg says
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