*Rea to propose five nominees to Martinrea's board. *Martinrea's stock has underperformed peers. Rea Holdings, a Toronto- based holding company controlled by Nat Rea, a former president and deputy chairman of Martinrea, said on Thursday it intends to propose five nominees for election to the board, setting the stage for a proxy battle.
Toronto, March 3- Magna International Inc, one of the world's largest auto parts suppliers, said on Monday that quarterly profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend.
March 3- Canada's Magna International Inc, one of the world's largest auto parts suppliers, posted a 31 percent jump in quarterly profit due to a pickup in vehicle production in North America and Europe, and the company raised its dividend.
March 3- Canada's Magna International Inc, one of the world's largest auto parts suppliers, posted a 31 percent jump in quarterly profit and raised its dividend. Magna said net income attributable to the company rose to $458 million, or $2.03 per share, in the fourth quarter ended Dec. 31 from $351 million, or $1.49 per share, a year earlier.
TORONTO, Jan 15- Canadian auto parts maker Magna International Inc forecast 2014 revenue slightly below analysts' expectations on Wednesday, but estimated strong operating margins as it restructures its European operations.
The company, one of the world's largest parts suppliers, said it expects total sales of $33.8 billion to $35.5 billion in 2014. Analysts on average were expecting $35.8 billion, according to Thomson Reuters I/B/E/S.
Jan 15- Canadian auto parts maker Magna International Inc on Wednesday forecast sales for 2014 below analysts' expectations. The company, one of the world's largest parts suppliers, said it expects total sales of $33.8 billion to $35.5 billion in 2014. Analysts on average were expecting $35.8 billion, according to Thomson Reuters I/B/E/S.
The news pushed Magna stock up more than 4 percent to a record high of C $92.75 on the Toronto Stock Exchange, and to $87.29 in New York, also a record. Magna, which has been working to turn around inefficient operations in Europe amid a lackluster recovery in the region, raised the low end of its production sales outlook for the year to $28.1 billion.
*3- quarter profit $1.39/ share vs estimate $1.34/ share. Nov 6- Canadian auto parts manufacturer Magna International Inc reported a nearly 13 percent rise in quarterly sales as its European business improved. In Europe, production sales jumped 18 percent to $2.36 billion.
Nov 6- Canadian auto parts manufacturer Magna International Inc reported an 18 percent drop in quarterly profit, hurt by restructuring charges. The company's net income fell to $319 million, or $1.39 per share, in the third quarter ended Sept. 30 from $390 million, or $1.66 per share, a year earlier. The charges reduced net profit by $33 million, or 14 cents per share.
U.S. dollar was suppose stand tall, pumped up by higher interest rates and the prospect of an improving economy. But instead it's been sagging.
The "Fast Money" traders share their final trades of the day.
Separately, Canadian automotive group Magna International Inc may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in Britain and the Netherlands. Related news BASF Indicated 0.6 percent lower.
TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after touching a one-week high, as optimism over better-than-expected U.S. data was tempered by signs of economic weakness in Asia and evidence of a new recession in the euro zone. Federal Reserve and the European Central Bank.
Graz- based contract car manufacturing subsidiary Magna Steyr currently makes the Mini Countryman sports utility vehicle and later this year will also begin producing the Paceman, a sportier coupe version of the SUV, the seventh derivative of the Mini.
FRANKFURT, Oct 1- Canadian automotive group Magna International may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in two locations.
TORONTO, Oct 1- Canada's main stock index hit its highest level in more than a week on Monday, starting the new quarter on positive ground as U.S. economic data surprised to the upside and investors bet on continued support from central banks.
*Acteon valued at 800- 900 mln stg- sources. LONDON, Oct 1- Private equity group First Reserve has sold UK offshore oil and gas services group Acteon to rival KKR, one of two European deals on Monday to fan hopes that private equity firms can still make profitable sales.
Oct 1- Canada's main stock index looked set to open higher on Monday at the start of the quarter, with investors hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth.
Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy Germany- based ixetic Verwaltungs GmbH for about 308 million euros to expand its engine and transmission pumps business. The company has two manufacturing facilities in Germany, and one each in Bulgaria and China.