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NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Alcoa Inc., up 47 cents to $13. Morgan Stanley downgraded the Detroit automaker and the sector comes under pressure after another recall, this time from Toyota.
CHICAGO, March 10- While it is hard to knock the advice of Warren Buffett, whose annual letter to Berkshire Hathaway Inc shareholders recently lofted down from the mountain of capitalism, some of his tips can be tweaked.
*Expects 2014 adj earnings $4.16/ share vs prev forecast of $3.85. Jan 30- Harman International Industries Inc raised its full-year forecast after reporting a 53 percent jump in quarterly profit as a recovering European automobile industry increased demand for its audio systems.
Shares of Harman, whose customers include BMW and Volkswagen, were up 5.5 percent before the bell on Thursday. Volkswagen's Audi and Porsche reported double-digit volume growth in the United States and China in 2013. No. 1 luxury carmaker BMW sold a record number of BMW and Mini cars in China, now its biggest market.
Jan 30- Audio equipment maker Harman International Industries Inc reported a 53 percent jump in second-quarter profit, helped by strong sales of its infotainment systems to luxury carmakers such as BMW and Volkswagen.
Harman International CEO Dinesh Paliwal discusses 3 divisions in its high-end speaker business that are growing internationally, and where you can find Harman products.
Thursday's midday movers
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.
Tesla stock could have farther to climb, Adam Jonas of Morgan Stanley says.
There are 38 companies in the S&P 500 index that have not moved more than 2 percent positive or negative year-to-date.
*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.