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Market Round-up (CTS, RRC, BHI, EOG, NBR, BA, BBT)
Wednesday, January 27, 2010 - 3:18pm | 273The Wall Street Journal reported that according to CTS Corporation (NYSE: CTS), the company had no knowledge of issues faced by Toyota Motor (NYSE: TM). Energy sector advisor Elliott Gue finds four favorites in natural gas: EOG Resources (NYSE: EOG), Range Resources (NYSE: RRC), Nabors Industries...
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8 Toyota Model Sales Suspended In The US Auto Market (TM)
Wednesday, January 27, 2010 - 8:03am | 167Reuters reports that Toyota Motor Corp (NYSE: TM) has decided to stop sales of eight of its car models in the US market based on safety issues. This is a first ever for Toyota and led to a massive fall in prices of the company’s shares. Toyota has announced that sales of some of its models...
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Is Auto Industry Back In Talent Market: Ford (F) Plans Future Hiring
Wednesday, January 27, 2010 - 7:32am | 127The last two years saw a bloodbath in the Auto industry. Tens of thousands of employees got maimed by pink slips. However, now it seems that the industry is creeping back with expansion plans and is on the lookout for new talent. According to CNBC’ Phil LeBeau, Ford (NYSE: F) is planning to hire 1...
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Toyota Halts Sales Of 8 Car Models, Stock Slides
Tuesday, January 26, 2010 - 7:28pm | 200Toyota Motor Corp. (NYSE: TM) announced on Tuesday that the auto manufacturer would temporarily halt the sales of eight models that are at risk of having sticking accelerator pedals, including some of Toyota's bestsellers. "Helping ensure the safety of our customers and restoring confidence in...
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Toyota Suspending Sales of 8 Models
Tuesday, January 26, 2010 - 6:49pm | 44Toyota (NYSE: TM) is temporarily suspending sales of certain vehicles. It is telling its dealer network to suspend the sale of 8 models. The recall has to do with the sticking accelerator. Toyota is recalling 2.3 million vehicles.
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F To Add 1,200 Jobs At Its Chicago Plants
Tuesday, January 26, 2010 - 1:51pm | 105Ford (NYSE: F) today confirmed that it plans to add 1,200 jobs at its Chicago manufacturing facilities. F will be adding the jobs to further its aim of launching the production of its new, fuel-efficient Ford Explorer. For this, the company is investing roughly $400 million in its Chicago...
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Stock Market News for January 26, 2010 - Market News
Tuesday, January 26, 2010 - 11:10am | 249This morning, Asian shares dropped sharply today, with the Shanghai Composite down 2.93%; the Hang Seng off 2.38%; and the Nikkei 1.78% lower. A more risk-averse sentiment also followed news that UK's fourth quarter GDP increased at a much less-than-anticipated 0.1%, as the country exited an 18-...
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GM Set To Invest In Electric Motor Business
Tuesday, January 26, 2010 - 6:13am | 223General Motors Co (NYSE: GM) announced its plans to set up a $246 million facility, with the help of funding from the US government to build electric motors to power future hybrids and possibly pure electric vehicles. The new US factory will build electric motors, a technology that is critical for...
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US Stock Futures Point To A Rebound After A Shocking Fall On Friday
Monday, January 25, 2010 - 10:30am | 200After last week being marred by sell-offs, US stock futures today pointed to a rebound. While futures at the S&P 500 moved up 11.3 points to 1102.30, those at Dow Jones gained 91 points to 10242. Meanwhile, NASDAQ 100 futures climbed 12.5 points to 1810. This week is lined with several key...
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Stock Market News for January 25, 2010 - Market News
Monday, January 25, 2010 - 10:20am | 463US stocks declined for a third straight session as lingering worries about a White House proposal to clamp down on big Wall Street banks and China’s measures to tame liquidity in that country roiled markets. Ho-hum earnings reports that failed to meet high expectations darkened the mood further,...
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Top 5 Large-Cap Stocks In The Consumer Goods Sector With The Highest Cash (TM, F, PC, SNE, HMC)
Monday, January 25, 2010 - 8:45am | 273Below are the top 5 large-cap consumer goods stocks on the NASDAQ and the NYSE in terms of cash. The total cash at Toyota Motor Corp (NYSE: TM) stands at $40.52 billion. TM had posted its September quarter earnings significantly higher than the consensus. Read more on this stock. The total cash at...
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Top 5 Large-Cap Stocks In The Consumer Goods Sector With The Highest Revenue Estimates (HMC, F, PC, PG, SNE)
Monday, January 25, 2010 - 8:36am | 263Below are the top 5 large-cap consumer goods stocks on the NASDAQ and the NYSE in terms of revenue estimates. The FY10 revenue estimate for Honda Motor Co Ltd (NYSE: HMC) is $121.11 billion. The sales growth estimate for HMC stands at 18.8%. Read more on this stock. The 2009 revenue estimate for...
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Toyota Motor Corp.(TM ) Recalls 2.3 Million Vehicles
Friday, January 22, 2010 - 1:35am | 95In a major development, Toyota Motor Corporation (NYSE: TM) has recalled 2.3 Million vehicles from the market. This recall has been made due to the installation of faulty accelerator pedals on these vehicles. These accelerators are prone to get stuck and thus cause a huge safety hazard. According...
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Toyota Recalls 2.3 million More Vehicles
Thursday, January 21, 2010 - 7:55pm | 119Toyota Motor Corp. (NYSE: TM) announced Thursday that the automaker would recall another 2.3 million cars to repair sticking accelerator pedals. Toyota said that this is a separate recall than the one already underway of nearly 4.2 million Toyota and Lexus vehicles. However, there are 1.7 million...
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Ford (F) Bonds Rise On The Back Of Highest Ratings Since ’07 (F, JPM, DB)
Friday, January 15, 2010 - 7:21am | 200Corporate credit quality is improving at the fastest pace in almost three years, underpinning the surge in bond sales as economies rebound. Moody’s Investors Service is upgrading more U.S. companies than it’s downgrading for the first time since the second quarter of 2007, according to data...