VAN BUREN TOWNSHIP, Mich. _ Visteon Corp. on Thursday reported a fourth-quarter loss of $138 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share. Visteon expects full-year revenue in the range of $3.2 billion to $3.4 billion.
Feb 26- Auto parts maker Visteon Corp reported a nearly 21 percent rise in quarterly revenue as higher vehicle production in Asia and Europe boosted sales of its air conditioners. Visteon reported a net loss attributable to the company of $138 million, or $3.12 per share, compared with a profit of $513 million, or $10.32 per share. Visteon's fourth-quarter profit...
Daimler's Mercedes-Benz has a different idea from Ford- and worlds apart from Internet company Google Inc, which has jolted the automotive establishment with its high-profile effort to develop a fully self-driving city car. Where Ford wants to make autonomous cars for "Everyman," and Google envisions cars as pod-like appliances, Daimler presented robotic...
SEOUL, Nov 24- U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said. The Korea Economic Daily said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon...
NEW YORK, Nov 12- A federal appeals court ruled in favor of Goldman Sachs Group Inc in a lawsuit accusing the Wall Street investment bank of negligence for arranging the $580 million sale of a married couple's speech-recognition company to Lernout& Hauspie, which soon collapsed in an accounting fraud. The 1st U.S. Circuit Court of Appeals in Boston on Wednesday...
Nov 6- Auto parts maker Visteon Corp reported a 33 percent rise in quarterly revenue, helped by the acquisition of Johnson Controls Inc's electronics business and increased global vehicle production. The company's revenue rose to $1.97 billion in the third quarter ended Sept.30, from $1.48 billion a year earlier. Visteon reported a net loss attributable to...
Sept 10- Auto-parts maker Visteon Corp is exploring a plan to split into two companies focused on electronics and climate controls, Bloomberg reported, citing people familiar with the matter. Visteon, once a part of Ford Motor Co may consider selling or spinning off the electronics business, the report said.
Some of Wednesday's midday movers:
Some of Wednesday's midday movers:
Some of Thursday's midday movers:
Friday's midday movers:
Some of Tuesday's midday movers:
Some of Monday's midday movers:
Take a look at some of Thursday midday movers:
It was a literal flood of economic numbers this week for the Fed and investors to chew on—ending with Friday's employment report. This is Talking Squawk.
SAC Capital's Steve Cohen owns a large portion of some companies' shares outstanding, and some of these may move on news that his firm faces criminal charges.
The Securities and Exchange Commission filed civil charges against SAC Capital's Steven A. Cohen for failure to prevent insider trading by two employees.
For a market that got pumped up because a so-so monthly jobs report wasn't a disaster, Thursday's weekly jobless claims will be big.
Here are a handful of stocks to watch if small-cap and mid-cap mergers accelerate in 2013. TheStreet.com reports.
THE business deal from hell began to crumble even before the Champagne corks were popped. The $580 million sale of Dragon Systems had just been approved by its board and congratulations were being exchanged. But there was a sense that something was amiss, the New York Times reports.