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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:05 EDTVCVisteon reports Q1 GAAP EPS 38c, may not comparable to consensus 67c
Reports Q1 revenue $1.98B, consensus $1.99B
News For VC From The Last 14 Days
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May 13, 2015
07:53 EDTVCVisteon a solid takeout target, says UBS
UBS said Visteon is a "solid" takeout target for a mid/large supplier, citing its strong secular growth, clear synergies, and net operating losses. UBS reiterated its Buy rating and $120 price target on Visteon shares.
May 12, 2015
13:41 EDTVCVisteon sued by Michigan township to 'failing to uphold commitment"
Van Buren Charter Township, Michigan has filed a complaint in the United States Bankruptcy Court For The District of Delaware against Visteon Corporation, which is headquartered in the Township. In its complaint, the Township asks the Court to find that Visteon Corporation breached its contract with the Township. According to the Township, in that contract, the global auto parts supplier committed that there would be no payment shortfall under the bonds issued by the Township’s Local Development Finance Authority to develop Visteon’s world headquarters complex. The LDFA’s issuance of tax-exempt bonds was an integral component of Visteon’s construction of its World Headquarters and a sign of the Township’s commitment to Visteon, as outlined in the complaint. However, according to the Township, because Visteon has failed to uphold its commitment, reached as part of the company’s successful emergence from bankruptcy, the Township faces a shortfall in the next two to three years, even with anticipated bond refinancing.

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