China car show opens with fanfare

China car show opens with fanfare

AAP Leading car makers have gathered in Beijing for China's biggest car show, expressing confidence in the world's largest car market although lacklustre growth and environmental restrictions have thrown uncertainty into the mix. More than 1100 vehicles are on show at the Beijing International Automotive Exhibition in the capital's suburbs, which opens on Monday. General Motors, Toyota, Volkswag…

Australian Markets

  • Providence, RI, sues firms over stock trades Associated Press - Sat, Apr 19, 2014 10:05 AM AEST

    Providence, R.I., is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The federal complaint was filed Friday in New York on behalf of city investment funds that ...

  • Earnings season starts rough for health insurers Associated Press - Sat, Apr 19, 2014 1:02 AM AEST

    Health insurers that easily outpaced the broader market in trading last year nosedived this week after UnitedHealth released shaky first-quarter earnings. That dip may be short-lived if the performance ...

  • Minerals Technologies Extends Tender Offer for Outstanding Shares of AMCOL International ACN Newswire - Fri, Apr 18, 2014 9:02 PM AEST

    NEW YORK, NY -April 18, 2014-Minerals Technologies Inc. (NYSE:MTX - News) announced today that it has extended its tender offer to purchase all outstanding shares of AMCOL International Corporation (NYSE:ACO - News) for $45.75 per share in cash. All terms and conditions of the tender offer, other than the expiration date, remain the same. Unless extended further, the tender offer will now expire at 9:00 a.m., New York City time, on May 2, 2014. The tender offer was previously scheduled to expire at 9:00 a.m., New York City time, on April 18, 2014.

  • Deutsche Bank likes BHP Billiton Limited – should you? The Motley Fool Australia - Fri, Apr 18, 2014 3:52 PM AEST

    Despite the strong headwinds facing the mining sector, Deutsche Bank has reiterated its 'buy' rating on sector heavyweight BHP Billiton Limited (BHP.AX), giving it a price target of $43.50, which is 14% higher than today's price of $38.04. Meanwhile, CIMB maintains a price target of $42.80 and RBC Capital has reiterated an 'outperform' rating on the shares. You should look at BHP Billiton as a long-term investment prospect .

  • Shares of Travelocity owner Sabre rise after IPO Associated Press - Fri, Apr 18, 2014 7:58 AM AEST

    Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. The company had offered ...

  • Weibo shares jump in market debut Associated Press - Fri, Apr 18, 2014 6:44 AM AEST

    Chinese social media company Weibo Corp.'s shares soared in their U.S. market debut Thursday. Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like ...

  • Mid-cap stocks are getting some love, finally Associated Press - Fri, Apr 18, 2014 4:11 AM AEST

    Maybe the middle child really should be the favorite. Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. Managers of mid-cap ...

  • Sina Weibo shares jump more than 10% after IPO AFP - Thu, Apr 17, 2014 4:16 PM AEST
    Sina Weibo shares jump more than 10% after IPO

    Shares of Sina Weibo, China's answer to Twitter, jumped more than 10 percent in initial trade Thursday after an undersubscribed initial public offering. Weibo's parent, the Chinese Internet giant Sina Corp, sought to raise as much as $380 million listing the subsidiary on the Nasdaq exchange, but only pulled in $286 million as it ran into a market jittery over both tech and Chinese company shares.

  • Sina Weibo shares jump more than 6% after IPO AFP - Thu, Apr 17, 2014 4:12 PM AEST
    Sina Weibo shares jump more than 6% after IPO

    Shares of Sina Weibo, China's answer to Twitter, began trading sharply higher Thursday after an undersubscribed initial public offering. Minutes into trade the shares were over $18, compared with the $17 ...

  • Japara Healthcare Ltd gives IPO investors a 27.5% stag profit – what investors need to know The Motley Fool Australia - Thu, Apr 17, 2014 3:13 PM AEST

    Freshly floated aged care operator Japara Healthcare Ltd (ASX:JHC) has surged 27.5% to $2.55 by early afternoon on Thursday after debuting on the stock market this morning. It's an amazing immediate profit for IPO investors - otherwise known as a 'stag profit'. The initial public offering (IPO) was priced at $2.00 per share which equated to an expensive looking 22.6 times price-to-earnings (PE) ratio. The market however appears comfortable with ascribing a high value to Japara, with investors excited by the quality of the business and its growth potential.

 

Company Finances

  • Lincoln MKX Concept Hints at Sophisticated, Elegant Global Sport Utility Vehicle Business Wire - 6 hours ago

    BEIJING--(BUSINESSWIRE)-- The Lincoln Motor Company today unveiled the MKX Concept at Auto China 2014 in Beijing. The Lincoln MKX Concept hints at a global SUV that will become the third of four all-new Lincoln vehicles due by 2016. The Lincoln Motor Company unveiled the MKX Concept at Auto China in Beijing. The MKX Concept hints at a global sport utility vehicle that will become the third of four all-new Lincoln vehicles due by 2016.

  • Documents detail another delayed GM recall AAP - 7 hours ago
    Documents detail another delayed GM recall

    The National Highway Traffic Safety Administration, the government's auto safety watchdog, also didn't seek a recall of the compact car from the 2004 through 2007 model years even though it opened an investigation more than two years ago and found 12 crashes and two injuries caused by the problem. The documents, posted on the agency's website on Saturday, show yet another delay by GM in recalling unsafe vehicles and point to another example of government safety regulators reacting slowly to a safety problem despite being alerted by consumers and through warranty data submitted by the company. Both GM and NHTSA have been criticised by safety advocates and lawmakers for their slow responses to a deadly ignition switch problem in 2.6 million GM small cars. GM admitted knowing about the problem for more than a decade, yet didn't start recalling the cars until February.

  • Beijing auto show opens AAP - 8 hours ago
    Beijing auto show opens

    Global and Chinese automakers are looking to the Beijing auto show to help boost sales in a slowing, intensely competitive market. Brands from General Motors Co to Chinese SUV maker Great Wall Motors are unveiling new and restyled sedans, sport utility vehicles and other models at Auto China 2014 this week. China is the world's biggest auto market, with 17.9 million vehicles sold last year. Ambitious domestic brands such as Chery Ltd are losing ground to foreign rivals.

  • Beijing auto show opens amid market slowdown Associated Press - 10 hours ago

    Global and Chinese automakers are looking to the Beijing auto show to help boost sales in a slowing, intensely competitive market. Brands from General Motors Co. to Chinese SUV maker Great Wall Motors ...

  • Nintendo's trailblazing Game Boy marks 25th anniversary AFP - 17 hours ago
    Nintendo's trailblazing Game Boy marks 25th anniversary

    Nintendo's trailblazing Game Boy marks its 25th anniversary on Monday with the portable device's legacy living on in cutting-edge smartphone games and among legions of nostalgic fans. The Japanese firm released its 8-bit Game Boy on April 21, 1989 -- the same year Soviet troops pulled out of Afghanistan, the Chinese army violently cracked down on protesters in Tiananmen Square and the Berlin Wall fell. Kyoto-based Nintendo, which started life as a games card maker that morphed into a global videogame giant, did not invent portable gaming. But Game Boy's discount price and popular software blew away the competition at the time and pushed mobile gaming into the mainstream.

  • Fiat Chrysler to build 3 Jeep models in China Associated Press - 19 hours ago
    Fiat Chrysler to build 3 Jeep models in China

    Fiat and Chrysler say they will build three new Jeep models in China for the local market, the biggest for Jeeps outside the U.S. The automakers announced an agreement Saturday to expand the joint venture ...

  • Fiat Chrysler to build 3 Jeeps in China Associated Press - 19 hours ago

    Fiat and Chrysler say they will build three new Jeep models in China for the local market, the biggest for Jeeps outside the U.S. The automakers announced an agreement Saturday to expand the joint venture ...

  • Correction: Restaurant Sales story Associated Press - Sat, Apr 19, 2014 6:40 AM AEST

    In a story April 17 about restaurant sales, The Associated Press reported erroneously that the average sales in a Starbucks location in 2013 was $13.1 million. It was $1.31 million, according to an estimate ...

  • Fiat-Chrysler to produce iconic Jeep in China from 2015 AFP - Sat, Apr 19, 2014 5:58 AM AEST
    Fiat-Chrysler to produce iconic Jeep in China from 2015

    Automaker Fiat-Chrysler said on Saturday that it would begin producing the iconic American brand Jeep in China from 2015 to meet demand in the world's largest car market. Fiat-Chrysler -- created by Italy's Fiat acquiring Chrysler of the United States -- will produce three Jeep sport utility vehicle (SUV) models in China, including one specifically designed for the Chinese market, the company said in a statement. The announcement came ahead of the Beijing auto show, which opens to the public on Monday, as global automakers flock to China to show off their latest models. Jeeps are currently available to Chinese consumers as imports, the statement said, adding nearly 60,000 Jeeps were sold in China last year, making the country the largest market for the brand outside of the United States.

  • USDA orders farms to report pig virus infections Associated Press - Sat, Apr 19, 2014 3:07 AM AEST

    Farms stricken with a deadly pig virus must report outbreaks as part of a new program to help monitor and possibly control the spread of the disease, the federal government announced Friday. Porcine epidemic ...