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Stock Market & Financial Investment News

News Breaks
April 23, 2012
06:14 EDTWMT, TM, HMC, NSANY, ABB, ROK, LRLCYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Wal-Mart (WMT) faces significant legal risks after disclosing that it's investigating its Mexican operations for possible violations of U.S. law that prohibits bribery in foreign countries, legal experts say, the Wall Street Journal reports...A year after Japan's auto industry's production was disrupted by natural disasters, unfavorable exchange rates and a weak lineup, their major auto firms--Toyota (TM), Honda (HMC) and Nissan (NSANY)--are poised to race ahead in fiscal 2012, the Wall Street Journal reports...REUTERS: ABB (ABB) CEO Hogan says they're considering closing gaps in their automation and transmission portfolio with acquisitions but has no plans to bid for Rockwell (ROK), Handelsblatt reported, Reuters reports...France's L'Oreal (LRLCY) is interested in buying soap and baby products company Cadum in a deal that could be worth $264.16M, Les Echos reported, Reuters reports...BLOOMBERG: Hedge funds lowered bets on higher commodity prices by the most in four months on rising concern that Europe’s debt crisis will hurt global growth and slow demand for raw materials, Bloomberg reports.
News For WMT;TM;HMC;NSANY;ABB;ROK;LRLCY From The Last 14 Days
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October 15, 2014
09:39 EDTWMTWal-Mart US CEO: Our first half was challenging and we need to improve traffic
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09:37 EDTWMTWal-Mart expects to open 190 stores between now and end of the year
Wal-Mart US President Greg Foran believes Q4 actions will offset a portion of significant headwinds like wages and healthcare costs. Says the company will be "thoughtful" on wages.
09:16 EDTWMTWal-Mart CEO outlines growth strategy at annual meeting
President and CEO Doug McMillon said "Customers make their shopping decisions based on four key dimensions – price assortment, experience and access. What we can offer them, and how we compete across those dimensions, is changing... We have tens of millions of customers visiting us weekly online and through our mobile apps looking for information, product options and then buying merchandise from us in stores and online. We’re known for assortment and we will be in the future.” Discussing price and experience, McMillon went on to say, “At Walmart, we serve value-conscious customers that come from all walks of life and all income levels. Price matters to our customers and it always will. As a company, being a low cost operator is in our DNA. This will never change and we will be the price leader, across a broad assortment, everywhere we operate." McMillon continued, “To capture the upside of our strategic advantages, we need to develop a more seamless relationship with our customers. We won't just be a store on the street." McMillon outlined what the company is doing to win now, noting that improving the company’s short-term performance is a priority across all of Walmart’s segments and markets. “Our supercenters in the U.S. should be delivering positive comps consistently. Our combination of pricing, in stock, service levels and merchant skills will generate improved performance in our supercenters. Our Neighborhood Markets continue to be a bright spot in terms of comp sales.” McMillon highlighted three key points that will drive the business going forward: “First, we're going to position ourselves to do a better job serving customers. We can create a next generation customer proposition through the combination of what we do with price, assortment, access and experience. We will save them money and time. Second, our priority is growth. Driving demand is the only sustainable way to deliver returns over time. Finally, we’ll manage capital in a disciplined, thoughtful manner.”
09:14 EDTWMTWal-Mart CEO: We've recognized situation has changed, will respond accordingly
The company expects to continue investing in supply chain to support e-commerce with real momentum there. CEO Doug McMillon says "We will win in the new era of retail." and adds that "driving demand is the only sustainable way to deliver results." Notes once again that the company will manage capital in disciplined, thoughtful manner.
09:09 EDTWMTWal-Mart expects to change capital allocation plans, short term pressure
CEO Doug McMillon said the company will invest less in stores and more in e-commerce. He adds that the company is in a "period of transformation." He said the company took leverage a bit too far, and improving short term performance is a priority for the company's business segments. McMillon said the company has room to improve in stock and at checkout. He says the changes won't happen overnight. Notes that low fuel prices are in the company's favor although healthcare is a headwind. Says the successor of competitors shows it has no excuse to not improve.
09:05 EDTWMTWal-Mart CEO: Future looks bright with the necessary changes
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06:54 EDTTMWatchdog says Toyota JV issued recall for over 93K vehicles, Reuters says
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06:49 EDTWMTWal-Mart partners with VUDU for digital movie access offering
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06:44 EDTTMToyota issues recall for 1.67M cars due to brake defect, Reuters says
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October 14, 2014
18:12 EDTTMToyota to manufacture SUVs in Turkey starting in 2016, Nikkei reports
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05:34 EDTTMToyota reports September global hybrid sales surpassed 7M unit mark
Toyota announced global hybrid sales surpassed the 7M unit mark in September. Toyota achieved this latest million-unit hybrid milestone at the record pace of nine months. Including hybrid vehicles launched this year, Toyota will introduce at total of 15 new hybrids globally through 2015. Hybrids launched this year comprise the Lexus Voxy Hybrid and Noah Hybrid in Japan only, and the Lexus NX 300h. This month Toyota will introduce the Lexus RC 300h. Toyota plans to continue expanding its hybrid lineup and increase the number of countries and regions where it sells hybrid vehicles.
October 13, 2014
10:20 EDTHMCHonda to recall 43,000 Acuras in US to fix seat belts, Reuters reports
Honda is recalling 43,000 Acura luxury models in the United States to fix faulty seat belts, reports Reuters. Honda said the 2014-2015 models may have seat belts that do not release from the retracted position in very low temperatures. No reports of accidents or injuries related to the issue. Reference Link
09:02 EDTWMTWal-Mart October volatility elevated into investment community meeting
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07:15 EDTWMTNational Association of Corporate Directors to hold a conference
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06:44 EDTNSANY, HMC, TMRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:55 EDTWMTWal-Mart, DSW could benefit from holiday sales, Barron's says
Wal-Mart (WMT) and DSW (DSW) could benefit from the recent forecast of a 4% increase in holiday spending, Barron's contends in a follow up article. Reference Link
October 10, 2014
09:37 EDTWMTWal-Mart upgraded to Buy from Neutral at Gilford Securities
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08:41 EDTNSANYNissan recalls over 220K Altimas due to hood latch defect, AP says
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07:17 EDTNSANYCitigroup and the Society of Automotive Analysts to co-host a summit
Automotive Investor Summit is being held in Southfield, Michigan on October 10.
06:07 EDTNSANYNissan reports September Europe sales of 68,753
Nissan announced today European sales for September of 68,753 units, representing a market share of 4%. Best-selling Nissan models for the month were the crossovers Qashqai and JUKE. Reference Link
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