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Ford (F) Outsells GM in the U.S.
Tuesday, March 2, 2010 - 3:19pm | 123Ford Motor Co. (NYSE: F) outsold General Motors Co. in February for the first time in more than a decade. It sold 334 cars more than GM in the U.S. Ford attributed the 43% jump in sales to the strong demand for its cars. It also cut into the sales of Toyota (NYSE: TM), which is struggling with the...
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Company News for March 2, 2010 - Corporate Summary
Tuesday, March 2, 2010 - 10:49am | 234• Qualcomm (NASDAQ:QCOM) raised its dividend 12% to 19 cents and announced plans to buy back $3 billion in shares • Fresh Del Monte Produce (NYSE:FDP) beat estimates with fourth quarter earnings of 36 cents a share, two cents above projections, on $872.1 million in revenues, which beat expectations...
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Stock Market News for March 2, 2010 - Market News
Tuesday, March 2, 2010 - 10:46am | 461Increased activity on the mergers and acquisitions front and an upbeat outlook from SanDisk on the semiconductor industry sent U.S. stocks higher Monday, with both Nasdaq and the S&P 500 index jumping back into positive territory for the year. Hopes that Greece would find a way out of the...
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Nissan Unveils Its Much-awaited Compact Car
Tuesday, March 2, 2010 - 10:32am | 182Japan’s Nissan Motor Co. Ltd (ADR) (OTC: NSANY) unveiled its low-cost compact car at the Geneva Motor Show. The company aims to achieve global sales of 1 million units by 2013, with the roll-out of a series of compact cars. The new compact car is called Micra or March in some markets and is a...
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Lightning Round: Cramer Prefers Ford, Says CCE, APKT Completely Played Out (CCE, APKT, INSU, F, TM, NBG, CSCO, KMP)
Tuesday, March 2, 2010 - 8:34am | 250In his “Lightning Round,” Jim Cramer said that Coca-Cola Enterprises (NYSE: CCE) and ACME Packet (NASDAQ: APKT) are completely played out and it is time traders search for the next big thing. While CCE’s shares fell 0.20% to $25.55, APKT jumped 3.17% in after hours trading. Cramer finds Insituform...
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U.S. Auto Sales Slowdown (TM, F)
Monday, March 1, 2010 - 1:03pm | 271According to a report by Bloomberg, snowstorms across the eastern parts of the U.S., and Toyota (ADR) (NYSE: TM) recalls may have led to a slowdown in auto sales in February. The extreme weather, and mass recalls may have put customers away from showrooms, dashing the industry’s hopes of a rebound...
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Calls Purchased in Ford
Monday, March 1, 2010 - 11:32am | 139Ford (NYSE: F) has been firing on all cylinders over the past two years and the stock has been reflecting the company’s resurgence. Ford’s chart has been in full bull mode and it is now approaching its 52-week high of $12.14. It looks like the stock can break through that ceiling at any moment and...
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Toyota President Apologizes To China (TM)
Monday, March 1, 2010 - 10:31am | 164Akio Toyoda, President of Toyota Motor Corp. (ADR) (NYSE: TM), has expressed regret, and apologized for the company’s vehicle recalls in China. During a press conference in Beijing, on Monday, Toyoda said that, one of the reasons for Toyota’s recent quality issues was an excessive focus on profits...
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Joe Terranova Recommends JCI
Friday, February 26, 2010 - 8:01pm | 230CNBC's Fast Money traders talked about interesting trades in the automobile industry. Tim Seymour said that Tata Motors Limited (ADR) (NYSE: TTM) should be watched closely. Tata Motors (TTM) is a great long term play in Tim Seymour's opinion. The valuations are not very attractive but with the 31%...
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Toyota (TM) Claimed “Win” In Responding To Sienna Injuries
Friday, February 26, 2010 - 4:19pm | 261Bloomberg reports that in 2008, Toyota Motor Corp. (ADR)(NYSE: TM) blocked a formal recall of Sienna minivans linked by U.S. regulators to 98 injuries caused by collapsing liftgates, according to company, and U.S. documents. Instead of recalling the defective cars, Toyota sent letters to owners of...
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Market Roundup (TM, FRE, C, MOT, AAPL)
Friday, February 26, 2010 - 3:02pm | 314The former US chief of Toyota Motor (NYSE: TM) said that the company’s problems are arising from unwarranted stress on cost cutting. He said that the company’s focus shifted to profits when TM was taken over by an anti-(Toyoda) family. Freddie Mac (NYSE: FRE) said it will stop buying interest-only...
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2011 Ford (F) Mustang Has 11,000 Customers Already
Friday, February 26, 2010 - 2:44pm | 89Ford Motor Company (NYSE: F) said it already has 11,000 customer orders for its 2011 Ford Mustang, three times the number of advance orders for its previous model. Fuel efficiency is the key reason for customers lining up to buy the new model. The company expects higher take rates for special...
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GM To Shut Down Hummer
Thursday, February 25, 2010 - 5:35pm | 126General Motors Co. (GM) announced today that it plans to shut down the Hummer brand after Chinese regulators blocked the purchase of Hummer by Sichuan Tengzhong Heavy Industrial Machinery, a deal estimated to be worth $150 million. Chinese officials point that the gas-guzzling brand clashes with...
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Toyota Motor Corp. (TM) Shares See A Slight Decline In Tokyo Market
Thursday, February 25, 2010 - 8:22am | 101Shares of Toyota Motor Corp. (ADR) (NYSE: TM) declined in trading today, but outperformed the overall market in Tokyo. The performance comes on the back of Akio Toyoda’s testimony to a US congressional panel yesterday. Toyota’s shares slipped by 0.2% in trading today, however, it was below the 1%...
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Toyota Moving Higher (TM)
Wednesday, February 24, 2010 - 3:26pm | 125Toyota Motor (NYSE: TM) stock is moving higher today ahead of congressional testimony by the company's CEO this afternoon. Toyota has been devastated by recalls in the last month. On the day, however, the shares have moved 3.05% higher to $73.73. In the last month, Toyota has lost 16.37% as...