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Stock Market & Financial Investment News

News For VLKAY;GM;F;TM;NSANY;HMC;AN From The Last 14 Days
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February 5, 2016
10:30 EDTFFord reports China sales up 36% in January to 130,832 units
08:36 EDTVLKAYDaimler CEO: Won't sacrifice margins in effort to overtake BMW, Reuters says
Daimler (DDAIF) CEO Dieter Zetsche said that the auto maker would not sacrifice margins in its effort to overtake BMW (BAMXY) to become the best-selling luxury car brand, Reuters reports, citing comments from Zetsche to analysts at a conference to discuss Q4 results. Zetsche is urging Mercedes to become the leading luxury car brand by 2020 after surpassing Volkswagen's (VLKAY) Audi (AUDVF), the report says. "The volume lead should be the consequence of having the best offering," Zetsche said. "If we accomplish this, it is a natural consequence that more people will choose us." He added, "People said it will create pricing and margin pressure. Exactly the opposite is true." Reference Link
08:31 EDTTMToyota authorizes repurchase of up to 23M shares
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08:14 EDTVLKAYVolkswagen delays annual results, meeting due to open questions on emissions
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08:11 EDTVLKAYVolkswagen delays annual report, general meeting, Bloomberg reports
The annual results and AGM are delayed due to open issues on emissions.
06:14 EDTVLKAYVolkswagen Group of America names David Detweiler as general counsel
Volkswagen Group of America announced yesterday that it has appointed David Detweiler to serve as EVP and General Counsel, effective February 1. The company also announced that it has appointed David Geanacopoulos to the new position of Senior EVP for Public Affairs and Public Policy.
06:09 EDTHMCHonda, Fiat to recall about 5M vehicles to fix airbag defect, NY Times reports
Car makers including Honda (HMC) and Fiat Chrysler (FCAU) plan to recall roughly 5M vehicles worldwide to repair a malfunction in an airbag component known for years but left unaddressed, the New York Times reports. Continental Automotive Systems, the German supplier that builds electronic components that control car airbags, has known about a defect in certain units since January 2008, the report says, citing a filing with federal safety regulators. Semiconductors within the unit could corrode, which could cause the airbags to deploy inadvertently or not deploy at all, the report says. No fewer than nine injuries have been linked to the malfunction, the report says. Reference Link
05:41 EDTTMToyota reports FY16 first nine months Japan vehicle sales totaled 1.48M units
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05:39 EDTTMToyota sees FY16 net revenue Y27.5T, operating income Y2.8T
Sees FY16 income before income taxes and equity in earnings of affiliated companies of Y2.98T. Sees FY16 net income attributable to Toyota Y2.27T.
05:39 EDTTMToyota reports FY16 first nine months Automotive revenue up 5.6% to Y1.04T
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05:36 EDTTMToyota reports FY16 first nine months EPS Y597.29 vs. Y545.68 last year
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February 4, 2016
12:55 EDTGMU.S. investigating death of GM worker at Ohio plant, Automotive News reports
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10:39 EDTGMGM's Opel unit to build new spare parts distribution center in Bochum
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07:46 EDTGMJPMorgan tells GM investors 'the sky is not falling'
JPMorgan analyst Ryan Brinkman views General Motors' Q4 results as strong and says cycle fears are overblown. GM highlighted several industry and company-specific factors that would mitigate the profit impact of any downturn in car sales, Brinkman tells investors in a post-earnings research note. He raised his estimates to the high-end of the automaker's guidance and tells investors "the sky is not falling" following yesterday's stock selloff. Brinkman reiterates an Overweight rating on GM with a $47 price target. The shares closed yesterday down 27c, or 2%, to $28.93.
February 3, 2016
16:40 EDTGMOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but were unable to hold their early gains. Following larger than expected builds in energy inventories, oil moved lower, taking equities with it. By the noon hour oil prices recovered and moved higher once again, helping to lift equities. While oil prices continued their advance and moved up more than 7%, stocks lagged, especially the Nasdaq, which was down as much as 1.5% this afternoon. That changed in the last hours of trading, which saw the Dow spurt higher and the Nasdaq recover most of its losses heading into another heavy dose of corporate earnings reports after the close. ECONOMIC EVENTS: In the U.S., ADP estimated that private payrolls grew by 205,000 jobs in January, topping the consensus forecast for 190,000 job additions. Markit's services PMI came in at 53.2, versus the consensus 53.7 forecast. The Institute for Supply Management's non-manufacturing index came in at 53.5 for January, down from 55.3 in the previous month and below the 55.1 reading forecast by analysts. In Asia, the Caixin services PMI for China climbed to 52.4 in January from 50.2 in December, while Japan's services PMI rose to 52.4 from 51.5 in the prior month. Additionally, China's National Development and Reform Commission set its economic growth projection range for this year at 6.5%-7%, noting that attempts to curb overcapacity will increase unemployment in provinces with high output of steel and coal. In Europe, Markit's composite purchasing managers index for January declined to 53.6 from 54.3 in December. COMPANY NEWS: Shares of Yahoo (YHOO) declined 4.75% to $27.68 after the embattled Internet company reported fourth quarter results and announced plans to simplify its product portfolio and reduce its workforce by roughly 15%. Maynard Webb, Yahoo's chairman, said the board is committed to its turnaround efforts and supportive of management's plan, but also believes that exploring additional strategic alternatives is in the best interest of its shareholders... Chipotle Mexican Grill (CMG) fell 2.89% to $461.92 after reporting lower than expected revenue and a 14% plunge in same-store sales for the quarter. Adding to the negative headlines, the restaurant operator also disclosed a subpoena broadening the scope of a criminal investigation that was previously limited to a single Chipotle location in California. Also punished by food safety worries were shares of Buffalo Wild Wings (BWLD), which slid 4.24% to $143.64 after one of its restaurants was named a suspected source of new norovirus-like cases in suburban Kansas City, though the company disputed a link between its location and the illnesses. The stock continued to move lower in after-hours trading following the company's earnings report and lower than expected guidance... Merck (MRK) was one of the worst performers on the Dow, dipping to as low as $48.58 before ending the day down 0.7% at $50.04 after its earnings narrowly topped estimates but guidance for the new year fell short of expectations. Among other large cap names reporting earnings this morning, Comcast (CMCSA) rose 5.95% following its report, while General Motors (GM) slid 2.43%. MAJOR MOVERS: Among the notable gainers was Autodesk (ADSK), which rallied 8% to $49.56 after announcing a restructuring plan that will see its workforce cut by roughly 10%. Also higher was Angie's List (ANGI), which jumped 13.53% to $9.48 after the New York Post reported that InterActiveCorp (IAC) is preparing a "big run" to acquire the company. In addition, Syngenta (SYT) rose 2% to $80.21 after receiving a $43B-plus takeover offer from ChemChina. Among the noteworthy losers was Lowe's (LOW), which fell 6.2% to $67.42 after agreeing to acquire Canada's RONA in a deal valued at $2.3B. Also lower was Barnes & Noble (BKS), which declined 9.6% to $7.32 after mall operator General Growth (GGP) said during a conference call that Amazon (AMZN) plans to open 300-400 physical bookstores. After the closing bell, General Growth CEO Sandeep Mathrani indicated that his previous statement "was not intended to represent Amazon's plans." Meanwhile, Marathon Petroleum (MPC), Mondelez (MDLZ) and Match Group (MTCH) lost 7.6%, 6.5% and 12.6%, respectively, following their quarterly reports. INDEXES: The Dow rose 183.12, or 1.13%, to 16,336.66, the Nasdaq fell 12.71, or 0.28%, to 4,504.24, and the S&P 500 advanced 9.50, or 0.5%, to 1,912.53.
13:56 EDTHMCHonda recalls 1.7M vehicles due to Takata airbag inflators, Automotive News says
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11:26 EDTANOptions with increasing call volume; LOW LNC DG EW SNOW KLIC CIT AN EAT SYT
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10:40 EDTGMGeneral Motors sees sustained strong performance in N.A. in 2016
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10:24 EDTGMGM sees Q1 'seasonally weaker,' Q2 and Q3 'stronger'
Says expects similar cadence of earnings as past several years, with Q1 seasonally weaker, Q2 and Q3 stronger and Q4 "about average." Says global pension plans are approximately 78% funded, U.S. pension plans approximately 85% funded.
10:22 EDTGMGeneral Motors sees 'lower for longer' gas prices
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