Sometimes different divisions of a company shouldn't be under the same roof. Cramer says this is one of those times.» Read More
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.
July 18- U.S. auto parts maker Johnson Controls Inc reported a 3 percent rise in quarterly revenue, as demand rose for its car seats, and the company said it expected its cooling and heating systems business to return to growth in the current quarter.
July 18- Johnson Controls Inc, the largest U.S. auto parts maker, reported a 3 percent rise in quarterly revenue, as revenue from its car seats and interior parts business rose 7 percent. Demand in the business was driven mainly by China, which contributed $1.8 billion to the division's revenue of $5.7 billion in the third quarter ended June 30.
Unifor President Jerry Dias said at the United Auto Workers convention in Detroit that the Canadian union would "shut down GM" at its Oshawa plant, which gets interiors and seats from Whitby, unless JCI changes its plans. Dias said the deadline for JCI to act is August, when the current contract for 300 workers at Whitby expires.
DETROIT, June 4- The head of the Unifor, which represents Canadian auto workers, said on Wednesday the union would strike at Johnson Controls Inc's Whitby, Ontario, plant, which supplies interiors to the General Motors Co Oshawa factory, unless JCI reverses plans to shutter the Whitby plant.
Siemens seen making formal Alstom bid as early as this week. FRANKFURT/ BERLIN/ PARIS- Germany's Siemens is working on a formal asset-swap offer for Alstom's power business that could come as early as this week and see France take a stake in a resulting rail-focused French group, sources close to the talks tell Reuters.
*Bulgaria exports doubled in five years. *Bulgaria hopes to undercut European competitors. RUSE, Bulgaria, May 7- In its glory days, Ruse, a town along the Danube river trading route, was a thriving economic hub that was home to Bulgaria's first chamber of commerce and known as' little Vienna' for its Austrian-style buildings.
May 2- Auto parts maker Visteon Corp said it would sell most of its automotive interiors business to private equity firm Cerberus Capital Management LP as it focuses on its fast-growing climate control and electronics operations.
*Q1 adj shr $1.84 vs est $1.70. Production was up 6 percent in North America and 7 percent in Europe and Africa, Lear said. Ford Motor Co, General Motors Co and BMW AG are Lear's largest customers and made up about 54 percent of its sales in 2013..
The Treasury Department auctioned $35 billion in five-year notes at a high yield of 1.732 percent, the rate highest since May 2011.
April 23- Johnson Controls Inc reported a better-than-expected quarterly profit as higher vehicle production in key markets drove up sales of car seats and other auto parts. Johnson Controls cut its 2014 earnings forecast to adjust for the sale of the electronics business.
Some of the names on the move ahead of the open.
April 23- Johnson Controls Inc reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit. The net income attributable to Johnson Controls rose to $261 million, or 39 cents per share, for the second quarter ended March 31, from $164 million, or 24 cents per share, a year earlier.
US stock index futures seesawed as investors awaited another wave of major earnings, including Dow-listed Boeing and Procter & Gamble.
Some of Wednesday's midday movers:
April 16- U.S. auto parts maker Johnson Controls said it would buy Air Distribution Technologies, which makes air ventilation products used in buildings, from the Canada Pension Plan Investment Board for about $1.6 billion.
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So far, the stock market has looked past the weather impacts on manufacturing, housing, consumer spending and even hiring.
Thursday's midday movers: