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Auto Industry Outlook - Dec. 09 - Industry Outlook
Tuesday, December 29, 2009 - 4:50pm | 1286The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account for 8.4% of the auto...
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Company News for December 29, 2009 - Corporate Summary
Tuesday, December 29, 2009 - 9:57am | 402• STEC (NASDAQ:STEC) shares moved higher for the tenth session, gaining on takeover speculation. Moreover, Broadpoint AmTech posted a "buy" rating on the shares with a $23 priced target. • Apple (NASDAQ:AAPL) shares remained on an upward path, up 1.2% on Monday, as rumors circulated regarding the...
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Market Strength To Persist In 2010 (F, AMD)
Monday, December 28, 2009 - 1:48pm | 98Argus maintained its bullish stance on the market, both in the short as well as the long term. Based on the observation that the market adds approx. 370 bps in the year in which S&P 500 was up at least 20% heading into the final trading month, Argus expects the bullishness to continue in the...
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GM to Compensate for Opel? - Analyst Blog
Monday, December 28, 2009 - 12:45pm | 329The Russian bank, Sberbank, has asked for voluntary compensation from General Motors (GM) for the scrapped deal to sell 55% of the latter’s stake in Opel to the former. The bank has threatened to sue the automaker otherwise. Last month, GM halted its plan to sell a 55% stake in Opel to Magna (MGA...
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Toyota (TM) Plans To Boost Global Production
Monday, December 28, 2009 - 12:40pm | 121Toyota Motor Corporation (ADR) (NYSE: TM), the Japanese automaker, plans to increase its global production by 17% to about 7.5 million units in 2010, according to Japanese media reports. The output could get a further boost after taking into account the impact of the extension of government...
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Asian Markets Rally Post Christmas
Monday, December 28, 2009 - 11:53am | 144Markets seem to be in a cheerful mood post Christmas, with most Asian markets opening higher on Monday. Japan's Nikkei 225 jumped 1.3% to 10634.23, marking its strongest closing since late August, with Honda Motor (NYSE: HMC) and Tokyo Electron (OTC: TOELY.PK) leading the gains due to stable...
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Daimler Chrysler to Increase Auto Leasing Offers To Arrest Fall in Sales (DCX, GM, F)
Monday, December 28, 2009 - 11:23am | 300Chrysler Group LLC (NYSE: DCX) is preparing to increase offers for auto leases and to upgrade several models in a bid to arrest a deep slide in sales without resorting to hefty discounts and other incentives. Leasing options will be increased over the next six to eight months with the goal of...
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Cross Cultural Partnership Between The Americans And The Chinese (F, AAPL, SPLS)
Thursday, December 24, 2009 - 11:53am | 113According to The New York Times, a large number of Americans have been moving to China for employment, attracted by its faster growing economy and lower jobless rates. These cross-cultural partnerships, while helpful in many ways, are also highlighting tensions that show differences in work...
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Ford (F) To Sell Volvo Cars To Chinese Automaker Zhejiang Geely
Wednesday, December 23, 2009 - 8:43am | 99U.S. carmaker Ford Motor Co. (NYSE: F) has entered an agreement with Chinese automaker Zhejiang Geely to sell Volvo cars, according to a news report by a Swedish television channel. According to the Swedish channel, the deal can take some time to finalize and that a local union representative...
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Cramer’s Calls On Mad Money (V, PFE, AMZN, BAC, APOL)
Tuesday, December 22, 2009 - 2:06pm | 343Mad Money’s Jim Cramer has issued calls on quite a few stocks via the Lightning Round in the last few days. Visa (NYSE: V) and Express Scripts (NASDAQ: ESRX) are stocks that he is quite bullish on, and he expects them to reach the $100 mark without too much difficulty. MarkWest Energy (NYSE: MWE)...
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GM Names Chris Liddell As CFO
Tuesday, December 22, 2009 - 1:05pm | 99General Motors (GM) has appointed Chris Liddell, the outgoing CFO of Microsoft Corporation (NASDAQ: MSFT), as its Vice Chairman and CFO. CNNmoney noted that the appointment of Chris breaks GM’s tradition of appointing only company veterans to most of its top executive ranks. GM is also currently...
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Concerns Over GM (GRM) Move To Run Plants 24/7
Tuesday, December 22, 2009 - 11:15am | 282From January onwards, General Motors (NYSE: GRM) will run its plants round the clock on a permanent basis. The move is at the behest of the Obama administration’s auto task force that considers operation at 120% of capacity to be ideal for General Motors. The announcement has met with a...
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A Quick Glance At The Year 2009 (AIG, TM, F, RHHBY)
Monday, December 21, 2009 - 2:56pm | 323The top ten stories of the year 2009 according to the Associated Press are: 1) The U.S. economy continued to sputter throughout the year despite the $787 billion stimulus package. The federal deficit tripled, the jobless rate topped to 10 percent and stocks fell to their lowest levels. Insurance...
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Top Three Underappreciated Stocks (F, PNC, DBA)
Friday, December 18, 2009 - 1:33pm | 329According to an article published in MSN Money on December 11, investors have failed to recognize the positive fundamental and technical outlook of a few stocks. The strong fundamental story of these stocks and the fact that their performance remained unappreciated in 2009 indicate that there is...
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GM Talks Over Saab Sale To Spyker Have Collapsed
Friday, December 18, 2009 - 9:54am | 29GM (NYSE: GM) talks over Saab sale to Spyker have collapsed. General Motors will start the orderly wind-down of Saab's operations.