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Oct 31- Audio equipment maker Harman International Industries Inc reported quarterly results that beat analysts' estimates, helped by higher demand from luxury carmakers such as Daimler AG, Ferrari and Volkswagen. Both Daimler and Volkswagen reported strong quarterly results due to demand for their premium brands such as Mercedes, Audi and Porsche.
Oct 31- Harman International Industries Inc reported a 17 percent rise in quarterly revenue as demand rose for its audio equipment from luxury carmakers such as Daimler AG, Ferrari and Volkswagen's Audi. Revenue rose to $1.17 billion in the first quarter ended Sept. 30, from $998 million a year earlier.
Top hedge and mutual fund managers are presenting their best stock ideas at the Value Investing Congress. Here are some of the highlights:
Harman International Industries specializes in high-end audio and stereo equipment. CEO Dinesh Paliwal, joins to discuss the company's guidance that beat the street's expectations.
The "Fast Money" traders share their final trades of the day.
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*Brands want to stop unauthorized discounting on Amazon. *Amazon's 3rd- party selling platform a high-margin business. SAN FRANCISCO, Oct 23- Amazon.com Inc is grappling with a problem that eBay Inc has struggled with for years: The proliferation of unauthorized third-party sellers that undercut the world's top consumer brands.
JOHANNESBURG, Oct 12- South African shares turned slightly negative on Friday as the strengthening rand currency. undermined stock prices of resource firms such as Harmony Gold.
*Credit Suisse raises Polymetal target price to 1290 p from 1080 p. *Credit Suisse raises Polyus Gold target price to 260 p from 240 p. *Credit Suisse raises Anglogold Ashanti target price to rand 389 from.
STAMFORD, Conn.-- Moody's Investors Service on Thursday upgraded the credit rating for audio gear maker Harman International Industries Inc. to investment grade and out of junk status, saying that recent refinancing of its debt gives it more flexibility. Moody's assigned "Baa3" ratings to a $750 million unsecured line of credit and a $300 million unsecured loan.
JOHANNESBURG, Oct 11- Striking gold miners in South Africa have rejected the industry's latest wage offer, a trade union said on Thursday, dimming hopes that strikes that have led to dozens of deaths and paralysed the sector could end soon.
JOHANNESBURG, Oct 11- South African shares rose for a second day on Thursday, as Richemont gained on an improved outlook for luxury goods and as investors piled into stocks they considered oversold following weeks of labour unrest.
JOHANNESBURG, Oct 11- Striking gold miners in South Africa have rejected the industry's latest wage offer, a trade union said on Thursday, dimming hopes that wildcat strikes that have paralysed the sector could end anytime soon.
JOHANNESBURG, Oct 11- Striking South African gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers said on Thursday, dimming hopes that wildcat strikes that have paralysed the industry could come to an end. Africa's top two bullion producers AngloGold Ashanti.
JOHANNESBURG, Oct 11- South Africa's gold output rose 0.4 percent in volume terms in August while total mineral production increased 0.8 percent compared with the same month last year, Statistics South Africa data showed on Thursday.
JOHANNESBURG, Oct 11- Striking South African gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers said on Thursday, dimming hopes that wildcat strikes that have paralysed the industry could come to an end. "This was a final offer from the companies. They said take it or leave it, "NUM spokesman Lesiba Seshoka said."
Oct 11- Moody's rates Harman International Industries senior unsecured bank credit facilities Baa3.
Oct 10- Harman International Industries Inc:. *Facility comprises of $750 million revolving line of credit, five-year $300. *To use proceeds, cash on hand, to pay off its $400 million outstanding.
JOHANNESBURG, Oct 6- Hundreds of striking South African workers rallied on Saturday to press Anglo American Platinum to revoke its decision to fire 12,000 wildcat strikers amid a wave of labour strife sweeping Africa's largest economy.