7Vote!
eGMCarTech (Free subscription) | yesterday
Earlier this week, General Motors surprised German official and labor unions by backing out of plans to sell Opel to Magna International and Russian bank Sberbank. CEO Fritz Henderson said that the Detroit automaker now hopes to get the European government to help it restructure Opel but could use some of its $50 billion it [...]
3Vote!
atHome Top Story (Free subscription) | yesterday
Magna International's stock price shot up more than 14 per cent Friday in its biggest one-day jump in 18 years after posting a surprise quarterly profit.
3Vote!
American Power (Free subscription) | yesterday
Publisher's Note: It is my pleasure once again to publish a guest essay from a reader, Bill Dawson. A U.S. citizen, Bill has lived in Austria since 2000. He blogs regularly about German History rather than contemporary politics, but he has his finger on the pulse of the German-language media and offers an interesting perspective from across the pond. ********** A story which involves a U.S. company...
3Vote!
atHome Top Story (Free subscription) | 06/11/2009
Shares of Magna International Inc. jumped more than 14 per cent in trading Friday after the auto parts company reported a third-quarter profit of $51 million and was reported to be involved in a new auto palant in Russia.
3Vote!
Wheel Industry (Free subscription) | 06/11/2009
IG Metall was striking Opel’s four German factories as General Motors CEO Fritz Henderson gave us half an hour of his time at a Detroit journalists’ Q&A Thursday morning. Opel’s workers are upset that GM reversed itself and pulled its European unit from the market before Magna International and Sberbank/GAZ could buy it. The strike [...]
3Vote!
San Fransisco Chronicle (Free subscription) | 06/11/2009
Shares of Magna International Inc. soared Friday after the Canadian auto supplier said it posted a $51 million third-quarter profit, blowing away Wall Street predictions. In midday trading, Magna shares jumped $6.55, or 15 percent, to $50.75, after reaching... Magna International - Wall Street - Canada - General Motors - Business
3Vote!
Leftlane (Free subscription) | 06/11/2009
Following General Motors failed sale of Opel to Magna International, Opel head Carl-Peter Forster will reportedly step down from his post. General Motors announced earlier this month that it would retain its German Opel brand despite months of negotiations with Canada’s Magna International. According to Spiegel Online, Forster has decided to resign from Opel following [...]
3Vote!
Seattle Times (Free subscription) | 06/11/2009
Shares of Magna International Inc. soared Friday after the Canadian auto supplier said it posted a $51 million third-quarter profit, blowing away Wall Street predictions.
3Vote!
Stock Market Analysis (Free subscription) | 06/11/2009
The following is a list of the Most Popular OTC , OTCBB, Pink Sheets Stocks going into November 9, 2009. Topping the list today is CIT Group Inc. (CITGQ.PK). This list shows you which stocks traders and investors consider " Hot " which makes for great trading. These are the stocks that I will be monitoring today and tomorrow for daytrading opportunities. This list is my favorite way to track...
Explore : Auto industry,
Economy,
Financial Services,
General Growth Properties,
Gold,
Lear,
Lehman Brothers Holdings,
Markets,
Mining,
Money,
Real Estate Investment Trusts,
Stock markets,
Stocks,
Washington Mutual
3Vote!
Fast Company (Free subscription) | 06/11/2009
Your employees have agreed to sacrifice their comfort in exchange for energy savings. You turn down the thermostat, everyone dons a sweater, and it's all good, right? Not so fast. A new study from energy efficiency company Johnson Controls shows that while 69% of U.S. office workers (in an 800-person survey) are willing to forgo comfort for the sake of energy conservation, 78% of workers feel that...
3Vote!
Autoblog (Free subscription) | 06/11/2009
Filed under: Europe , Hirings/Firings/Layoffs , GM , Opel German magazine Der Spiegel is reporting this morning that Opel President Carl-Peter Forster has resigned from General Motors following the board's decision to kill the sale of a majority stake to Magna International. Apparently, Forster was disgusted at the way that GM officials handled the whole process. Over the past several months, GM went...
3Vote!
Stock Market Analysis (Free subscription) | 06/11/2009
Today, November 6, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out some of today's biggest gainers and the Top Stocks for 2009 . You can find my Past, Current, and Future Stock Gainers Report Right Here Top Stocks 11/6/09 - Biggest Gainers Today Discuss Stocks - www.stockstobuy.org...
Explore : Auto industry,
Biotechnologies,
Computer industry,
Conglomerates,
Diversified Industrials,
Economy,
Electronics,
Financial Services,
General Electric,
General Electric Co.,
International Game Technology,
KKR Financial,
Magna International,
Markets,
MGIC Investment,
Money,
NVIDIA,
Semi-Conductors,
Stock markets,
Stocks,
ZymoGenetics
3Vote!
MarketIntelligenceCenter.com (Free subscription) | 06/11/2009
BorgWarner (NYSE: BWA) closed yesterday at $31.26. So far the stock has hit a 52-week low of $14.62 and 52-week high of $36.78. BorgWarner stock has been showing support around 30.38 and resistance in the 32.20 range. Technical indicators for the stock are Bearish and S&P gives BWA a neutral 3 STAR (out of 5) hold rating. BWA appears on the Investors Observer Hedged Dividend Income list. For a...
3Vote!
Wisconsin Technology Network (Free subscription) | 06/11/2009
A joint venture partner of Johnson Controls' Building Efficiency business in Saudi Arabia, Al Salem Johnson Controls JV, was awarded an $87 million project to supply energy-efficient chillers at Princess Noura bint Abdulrahman University. The university is being built in Riyadh, Saudi Arabia. After installation, the chillers should save a significant amount of energy and water.
3Vote!
INAUTONEWS (Free subscription) | 06/11/2009
Magna International Inc is not looking at taking over any other automakers following the collapse of its deal to buy a stake in General Motors Co’s European operations, the auto parts maker’s co-CEO, Don Walker, said on Thursday. GM’s board of directors had approved the sale of a 55 percent stake in Germany-based Opel to the [...] > Read complete article inside...
4Vote!
traimi | 29/09/2009
The hurdles are not over for the planned takeover of Magna International and Sberbank of General Motor’s Opel /Vauxhall segment. Sberbank, Russia’s biggest lender, is looking for a domestic carmaker to be its industrial partner.
4Vote!
traimi | 24/09/2009
In another case of a supplier transforming into a threat is Magna International’s takeover of Opel with Russian partner Sberbank . Volkswagen said that it will withdraw business from Magna if the takeover pushes through.
4Vote!
traimi | 13/09/2009
Finally, the verdict is in! General Motors sold a 55% stake in Vauxhall and Opel to Magna International and its Russian banking partner Sberbank. GM retains 35% of the company, while the remaining 10% will be held by an Opel employee trust fund.
Videos