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Automaker Investing: GM IPO, Toyota, Honda
Wednesday, August 18, 2010 - 12:40pm | 402Despite their less than attractive status back in 2008, automaker stocks are coming back in a big way in 2010. For the past week, Wall Street has been abuzz over the scuttlebutt that General Motors could be days away from filing an IPO, the first step toward becoming a publicly traded company once...
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Factory Output Jumps in July - Analyst Blog
Tuesday, August 17, 2010 - 5:07pm | 1605In July, Industrial Production increased by 1.0% over June, and was 7.7% higher than it was a year ago. However the June industrial production number was revised down to a decline of 0.1% rather than an increase of 0.1%. Still, even with the downward revision this is a pretty solid showing. The...
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Zacks Analyst Blog Highlights: Superior Industries International, Ford Motor, General Motors, Vulcan Materials Company and Moody's - Press Releases
Tuesday, August 17, 2010 - 11:47am | 1045For Immediate Release Chicago, IL – August 16, 2010 – Zacks.com Analyst Blog features: Superior Industries International, Inc. (SUP), Ford Motor Co. (F), General Motors (MTLQQ), Vulcan Materials Company (VMC) and Moody's Corp. (MCO ). Here are highlights from Friday’s Analyst Blog: Superior...
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Ford Calls Back Employees - Analyst Blog
Monday, August 16, 2010 - 7:06pm | 396Ford Motor Co. (F) and UAW have recently teamed up to bring back nearly 2,000 people to the motor manufacturer's factories. The company thus manages to retain its former employees, who would else have migrated to parts supply companies, both within and outside the U.S. Ford claims to have already...
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GM's Akerson: Another Outsider for Detroit
Monday, August 16, 2010 - 11:27am | 219Once again,General Motors has reached outside the auto industry for its top leadership. Former telecom and turnaround executive Dan Akerson will replace telecom exec Ed Whitacre at GM, while Boeing (NYSE: BA) veteran Alan Mulally will continue to run Ford (NYSE: F). Of the Detroit three, only...
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Ford's Default Rating Rises to BB- - Analyst Blog
Thursday, August 12, 2010 - 10:35pm | 359Fitch Ratings has upgraded ratings on both Ford Motor Co. (F) and its finance arm, Ford Motor Credit Co. LLC (FCZ), due to a strong performance by the company along with its debt reduction measures in the second quarter of 2010. The issuer default ratings on the company and its subordinate have...
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Tata Motors Earns $432 Million - Analyst Blog
Thursday, August 12, 2010 - 10:35pm | 444Tata Motors Ltd. (TTM) posted a profit of Rs.19.9 billion ($432 million) during the first quarter of its fiscal year, ended June 30, 2010. That was in sharp contrast to a loss of Rs.3.3 billion ($71 million) in the prior-year quarter. This is equivalent to earnings per share of Rs.34.80 (76 cents...
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Thursday’s Mid-day Options Volume Leaders (CSCO, C, AAPL, F, BAC, SPY)
Thursday, August 12, 2010 - 11:11am | 144The overall market is down once again today, though well off the lows it saw near the opening bell; currently, the S&P 500 (NYSE: SPY) is lower by 6 points, trading at 1,083. Crude futures are continuing lower as well, currently lower by 2.0%, trading at $76.43 per barrel, though are off its...
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Mad Money Lightning Round: Jim Cramer Expect PG To Rise
Thursday, August 12, 2010 - 10:22am | 260In his Wednesday’s "Mad Money Lightning Round," Jim Cramer said that Procter & Gamble (NYSE: PG) is the type of stock that will rise tomorrow. On Priceline.com (NASDAQ: PCLN), Jim said, "This was a gigantic short squeeze and I want to start picking at it tomorrow. They've got a great business...
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Honda Recalls 383,000 Vehicles - Analyst Blog
Thursday, August 12, 2010 - 10:07am | 392Honda Motor Co. (HMC) has announced that it would recall 383,000 vehicles sold in the U.S. in order to fix a faulty ignition system that is turning the engine off without being placed in park. According to the National Highway Traffic Safety Administration, the fault increases the possibility for...
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Zacks Analyst Blog Highlights: General Electric, Siemens, Ford, Toyota and BP - Press Releases
Thursday, August 12, 2010 - 9:19am | 2189For Immediate Release Chicago, IL – August 12, 2010 – Zacks.com Analyst Blog features: General Electric (GE), Siemens (SI), Ford (F) Toyota (TM) and BP (BP ). Here are highlights from Wednesday’s Analyst Blog: Trade Deficit Jumps to $49.9B In June, the nation's Trade Deficit jumped to $49.90...
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Ford Gets Approval for JV Split - Analyst Blog
Thursday, August 12, 2010 - 9:19am | 302Ford Motor Co. (F), Mazda Motor Corp. and China's Chongqing Changan Automobile Co. have received approval from the Chinese government to split their three-way joint venture (JV), Changan Ford Mazda. Ford and Mazda will each form a separate 50:50 JV with Chongqing Changan Automobile Co. by the...
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General Motors Posts Largest Profit Since 2004 (F)
Thursday, August 12, 2010 - 9:12am | 165General Motors reported this morning that its Q2 net earnings came in at $1.3 billion, which compares to a profit of $865 million in the first quarter of the year. This release comes, not coincidentally, the day before GM is expected to file for its IPO. GM’s results represented a 47% rise in...
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US Stock Futures Signal Another Gloomy Outlook
Thursday, August 12, 2010 - 9:10am | 265The US stock futures index dipped today following a sell-off in the previous session that erased most of the gains of the year. While futures on the Dow Jones Industrial Average fell by 78.00 points to 10,259, those on the Nasdaq 100 lost 22.75 points to 1,815. Meanwhile, S&P 500 futures...
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Ford, GM Bring Their 'A' Game
Thursday, August 12, 2010 - 8:37am | 169DETROIT (TheStreet) -- Hold your head up, Detroit: New offerings from Ford (NYSE: F) and General Motors have your back. That declaration would've elicited a spit take in November 2008, when bloated brands and outdated, redundant models helped drive Ford's stock price down to $1.39, and GM was...