U.S. stocks rise on Thursday, with the S&P 500 halting a three-session losing run.» Read More
Oct 26- Bankrupt battery maker A123 Systems Inc. plans to ask for court approval for a loan from auto parts maker Wanxiang Group Corp, which could give the Chinese company an advantage over a U.S. rival in a takeover battle for A123. A123, which filed for bankruptcy earlier this month, has an interim bankruptcy loan with Johnson Controls.
MILWAUKEE-- Auto parts and building equipment maker Johnson Controls Inc. said Monday that it expects to book a pretax charge between $225 million and $275 million in its fiscal fourth quarter, reflecting costs related to restructuring efforts.
NEW YORK-- An analyst says that Johnson Controls' agreement to buy battery maker A123 Systems' automotive assets is a good strategic fit and gives it access to new lithium ion battery technology. Johnson Controls Inc., an auto parts and building equipment maker, plans to keep A123 plants open and sell the company's lithium-ion battery technology.
SHORT CIRCUIT: Short of cash and hurting from weak sales of electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection on Tuesday and quickly sold its automotive assets. Auto parts maker Johnson Controls Inc. will buy the company's automotive business for $125 million.
Inflation is low, earnings are high, investors are happy. Results at Mattel, Goldman Sachs, and Johnson& Johnson were all above expectations. Also Tuesday, the Labor Department said consumer prices rose just 0.1 percent last month, not counting food and energy costs.
DETROIT-- After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday. The filing drew criticism from Republicans who claim the Obama administration has wasted millions of taxpayer dollars on alternative energy companies like A123.
*Guggenheim raises Ford Motor price target to $11 from $10; rating. *Guggenheim raises TRW Automotive target price to $59 from $52; rating. neutral* Guggenheim raises Lear Corp target price to $59 from $53; rating buy.
Oct 11- Johnson Controls Inc:. *Wells Fargo cuts Johnson Controls to market perform from outperform. Reuters Station users, click. 1568.
NOVI, Mich.-- Cooper-Standard Holdings Inc. on Tuesday named Jeffrey Edwards as the next president and chief executive of the company and its main operating subsidiary. The Novi, Mich.- based auto parts company said that Edwards will succeed James McElya, its current president and CEO, when McElya retires on Oct. 15..
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