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Stock Market & Financial Investment News

News Breaks
February 3, 2014
06:18 EDTVLKAY, POAHYPorsche board members deal with EUR1.8B suit, BBC says
Porsche (POAHY) chairman Wolfgang Porsche and board member Ferdinand Piech face a EUR1.8B lawsuit against seven hedge funds over its failed takeover bid for Volkswagen (VLKAY), according to BBC, citing a statement from Porsche. Reference Link
News For VLKAY;POAHY From The Last 14 Days
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September 16, 2014
07:08 EDTVLKAYToyota Lexus unit questioned regarding parts pricing, Reuters says
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06:30 EDTVLKAYNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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September 12, 2014
11:50 EDTPOAHY, VLKAYPorsche SE takes 10% stake in INRIX for $55M
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10:33 EDTPOAHYPorsche recalls 2015 Macans due to brake booster defect
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September 11, 2014
06:31 EDTVLKAYVolkswagen JV, Chrysler unit fined in China for price-fixing, WSJ reports
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September 10, 2014
09:17 EDTVLKAYChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
06:32 EDTPOAHYDaimler reveals new Mercedes AMG GT to rival Porsche, Reuters says
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September 8, 2014
13:04 EDTVLKAYAugust vehicle sales drop in Russia, WSJ says
The Association of European Businesses said that the sales of new vehicles in August throughout Russia have dropped at the quickest rate so far in 2014, according to The Wall Street Journal, citing a statement from chairman of the AEB Automobile Manufacturers Committee Joerg Schreiber. Industry officials are anticipating sales in the country for 2014 to decrease another 20% after a 5% decline last year. Publicly traded companies in the automobile industry include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
September 7, 2014
13:29 EDTVLKAYVolkswagen to temporarily halt production at Russian plant, WSJ says
Citing "the general economic situation in Russia," Volkswagen will stop production at its plant in Kaluga, Russia, for 10 days, says the Wall Street Journal. Reference Link
September 3, 2014
10:20 EDTVLKAYVolkswagen reports August U.S. sales down 12.8% to 35,181 units
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06:29 EDTVLKAYAudi CEO foresees selling over 1.7M vehicles this year, Reuters says
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September 2, 2014
10:02 EDTVLKAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cabot Oil & Gas (COG) upgraded at Stifel... Century Aluminum (CENX) upgraded to Overweight from Equal Weight at Morgan Stanley... Groupon (GRPN) upgraded at RBC Capital... Hawaiian Electric (HE) upgraded to Neutral from Cautious at ISI Group... Life Time Fitness (LTM) upgraded to Overweight from Neutral at Piper Jaffray... Live Nation (LYV) upgraded to Buy from Neutral at Northcoast... Northrop Grumman (NOC) upgraded at RBC Capital... Panasonic (PCRFY) upgraded to Buy from Sell at CLSA... Progressive (PGR) upgraded at Goldman... RCS Capital (RCAP) upgraded to Buy from Neutral at Citigroup... SandRidge Energy (SD) upgraded at Stifel... Staples (SPLS) upgraded to Outperform from Neutral at Credit Suisse... Statoil (STO) upgraded to Buy from Hold at Deutsche Bank... Tenaris (TS) upgraded to Neutral from Sell at UBS... Tesla (TSLA) upgraded at Stifel... Ultratech (UTEK) upgraded to Outperform from Market Perform at Barrington... Volkswagen (VLKAY) upgraded to Outperform from Neutral at Exane BNP Paribas... Waddell & Reed (WDR) upgraded to Buy from Hold at Jefferies... Willis Group (WSH) upgraded to Outperform from Market Perform at Keefe Bruyette... zulily (ZU) upgraded to Buy from Fair Value at CRT Capital.
05:28 EDTVLKAYVolkswagen upgraded to Outperform from Neutral at Exane BNP Paribas
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