DETROIT- Nov 20- The head of Daimler AG's commercial truck operation told Reuters Friday the company will invest $375 million at a complex near Detroit to build diesel engines for medium duty trucks, expanding a strategy of building and selling trucks, engines, transmissions and axles as a package. Daimler had previously expanded its Detroit operations to...
Billionaire value investor Mario Gabelli revealed on CNBC's "Fast Money: Halftime Report" that he recently bought about 300 additional shares of Netflix.
CHICAGO, Oct 27- Diesel engine maker Cummins Inc on Tuesday posted a lower-than-expected quarterly profit and said it would lay off up to 2,000 people as global economic weakness continued to weigh on its international sales. Chief Executive Officer Tom Linebarger said in a statement that industry orders in Brazil and China were at multiyear lows, with no sign...
Sept 30- U.S. automaker General Motors Co said on Wednesday it will jointly develop and assemble medium-duty commercial vehicles with truck and engine maker Navistar International Corp.. Production will begin in 2018 at Navistar's plant in Springfield, Ohio. The deal with GM will help Navistar "enhance our medium-duty product portfolio and leverage our...
Sept 30- General Motors Co said it will jointly develop and assemble medium-duty commercial vehicles with truck and engine maker Navistar International Corp.. Production will begin in 2018 at Navistar's plant in Springfield, Ohio. Navistar said it would add 300 jobs and invest more than $12 million to upgrade the factory and equipment.
*Ambarella's forecast drags on stock and GoPro. *Navistar falls on possibility of SEC lawsuit. However, Netflix fell 3 percent after Citron Research recommended a short call on the stock.
CHICAGO, Sept 2- Truck and engine maker Navistar International Corp on Wednesday reported its 12th consecutive quarterly loss and said it could face regulatory enforcement action for its disclosure practices, sending its shares down nearly 7 percent. Navistar said it received Wells notices from the U.S. Securities and Exchange Commission that recommended...
*Ambarella falls as Q3 revenue forecast misses expectations. *Navistar falls on possibility of SEC lawsuit. Sept 2- U.S. stock futures pared some gains on Wednesday, but kept Wall Street on track to open higher, after weaker-than-expected private U.S. jobs data, raising the odds that the Federal Reserve would not raise interest rates this month.
Sept 2- Truck and engine maker Navistar International Corp said it could face enforcement from the U.S. Securities and Exchange Commission, and posted its 12th quarterly loss in a row, hurt by restructuring and product warranty costs. The company said it received a Wells notice recommending the SEC to file enforcement action against the company and its former...
Sept 2- Truck and engine maker Navistar International Corp's quarterly loss widened, hurt by restructuring and product warranty costs. The net loss attributable to Navistar widened to $28 million, or 34 cents per share, in the third quarter ended July 31, from $2 million, or 2 cents per share, a year earlier. Revenue fell nearly 11 percent to $2.54 billion.
Aug 24- Cheniere Energy Inc, on track to be the first U.S. company to enable the export of liquefied natural gas, named two Icahn Capital LP managing directors to its board, days after activist investor Carl Icahn took a stake in the company. Cheniere said on Monday it appointed Jonathan Christodoro and Samuel Merksamer to its board, increasing the size to 11..
DETROIT, Aug 12- Ford Motor Co on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland- area plant, moving production out of Mexico for the first time. The shift to the 41- year-old plant in Avon Park, Ohio means that about 1,000 workers represented by the United Auto Workers union will keep their jobs, Jimmy Settles, UAW vice...
The billionaire investor told clients his firm was subpoenaed by prosecutors in New Jersey, according to a letter obtained by CNBC.
Value investor Mario Gabelli tells CNBC he's bullish on a few media stocks, equities exposed to European trucking, and a flavors and fragrances firm.
Some of Tuesday's midday movers:
There's "no margin of safety" in the S&P 500 but stocks are not overpriced, billionaire Mario Gabelli tells CNBC.
Some of the names on the move ahead of the open.
Using the CNBC RQ 50 measure for R&D productivity, we've identified an elite group of companies that merit election to an R&D hall of fame.
While predicting which stocks will be in the index in 25 years is nearly impossible, history might give some clues.
States are getting companies to move manufacturing back to the USA as labor costs overseas rise. The trend is curbing job losses.