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Coverage Launch: Sirius XM Radio

Sirius XM logoSirius XM (SIRI) is the largest satellite radio company in United States. Sirius and XM merged in July 2008 to form Sirius XM Satellite Radio Inc. The company offers over 180 channels comprising of commercial free music, sports, talk shows, news stations amongst others. Sirius XM radio channels are mainly available in automobiles but can also be accessed over the Internet or through home stereos by using various accessories. The firm's satellite radios are primarily distributed through automakers, retail locations and through its website.

Sirius XM has ties with major automobile manufacturers such as Ford (F), General Motors (GM) and Toyota (TM). This helps drive its presence in the U.S. automobile space. In addition satellite radio services are also offered to customers of certain rental car companies.

Continue reading Coverage Launch: Sirius XM Radio

Closing Bell: Bull & Bears Still Fight For Show (GM, HPQ, SLXP, TM, TGT, UAL)

Stocks tried to open positive today but geopolitics and oil kept things from being a solid win throughout the trading day. Oil's gain is spiking gasoline higher in local markets and soft commodities took a breather. Weekly jobless claims went back under the 400,000 mark again despite dollar weakness, but new home sales were down by the double-digits again.

Here were today's unofficial closing bell levels:

Dow Jones 12,068.50 -37.28 (-0.31%)
S&P 500 1,306.10 -1.30 (-0.10%)
Nasdaq 2,737.90 +14.91 (0.55%)
Top Analyst Calls

Continue reading Closing Bell: Bull & Bears Still Fight For Show (GM, HPQ, SLXP, TM, TGT, UAL)

Toyota Up on Earnings News

Shares of Toyota Motor Corp. (TM) were running smoothly this afternoon. At the time of this writing, they were up 3.3% to $87.96. That wasn't too far away from the new 52-week high of $89.31 that was set earlier in the session.

Driving the move was a third-quarter earnings report. According to the Associated Press, net income declined by 39%. While that may not be something investors would want to buy, here's the part of the story that they apparently are giving a bid: management increased its outlook for the full-year profit, expecting it to come in at around $6 billion instead of $4.3 billion.

Continue reading Toyota Up on Earnings News

Toyota Agrees to Pay $32.4 Million in Fines

Toyota (TM) signJapanese automaker Toyota (TM) announced that it has agreed to pay a record $32.4 million in further fines to the U.S. government to settle an investigation into the way it handled recent recalls.

The company's board of directors agreed to the fines Monday at its board meeting in Japan, and it will not admit to any violations of U.S. laws. Unfortunately for Toyota, this move will not exempt the company from potential civil and criminal penalties in private lawsuits and other federal investigations.

Continue reading Toyota Agrees to Pay $32.4 Million in Fines

Fiat's Natural Gas vs. GM and Toyota's Electric Car

Fiat logoSergio Marchionne, CEO of Chrysler, said that Chrysler plans to introduce a Fiat in the U.S. powered by natural gas. Bloomberg/Businessweek quotes Marchionne: "Natural gas engines offer a better way to cut emissions because they are cheaper than competing technologies."

Fiat is the leader in Europe in natural gas engines with 80% share of methane powered cars and 55% of light commercial vehicles. Alfredo Altavilla, quoted in Bloomberg/Businessweek said natural gas is a "more affordable solution" as it is less expensive to produce transport and distribute compared with other fuel sources.

Continue reading Fiat's Natural Gas vs. GM and Toyota's Electric Car

Week in Preview: Election, QE2, Unemployment and More Earnings

earnings expectationsIt will be a busy week. Republicans are poised to gain control of the House of Representatives and gain governorships in Tuesday's mid-term elections. Also, the Federal Reserve is expected to announce another round of quantitative easing Wednesday, following the FOMC meeting. Major retailers are scheduled to report October same-store sales Thursday, while the October unemployment rate, announced on Friday, is expected to remain at 9.6%.

Toyota's (TM) fiscal second-quarter results will be one of the highlights on the earnings front this week. After three periods of way underestimating Toyota's earnings, have the analysts surveyed by Thomson Reuters got it right this time? The stock sure could use a boost. Teva Pharmaceuticals (TEVA) is in a similar situation; i.e., high expectations for this week's quarterly results but a stock in need of a boost. Marathon (MRO) and Starbucks (SBUX) are also expected to post strong earnings growth this week, but both stocks are riding high.

Continue reading Week in Preview: Election, QE2, Unemployment and More Earnings

Auto Sales Stumbled in September

auto salesSales for most major auto makers were down in September from August, as reported by MSNBC. Ford (F) was the standout with sales up 2%. Here are the numbers for the other companies:

  • General Motors (GM) sales declined 3%.
  • Chrysler was up less than 1%.
  • Toyota (TM) fell less than 1%.
  • Nissan (NSANY) was down 3%.

Continue reading Auto Sales Stumbled in September

Toyota Recalls More Cars Due to Steering Problems

Toyota recalls more carsToyota (TM) is going to recall 412,000 cars in the U.S. to fix steering problems, according to Reuters. The report notes that 373,000 of the automobiles are Avalon sedans from the 2000 through 2004 model years and 39,000 are LX470 SUVs from model years 2003 through 2007. The automaker announced that the steering lock bar in the Avalon could break "under certain conditions," while the LX470s are being recalled to "eliminate the risk of steering shaft disengagement."

The company said that it has received three accident reports involving the Avalon and none involving the LX470. Nevertheless, the automaker is trying to fix these problems, which are the latest in a series of recalls this year.

Continue reading Toyota Recalls More Cars Due to Steering Problems

Chrysler Recalls 600,000 Vehicles

ChryslerChrysler Group announced that it has issued a recall for 600,000 vehicles today for a range of safety concerns.

The company announced that the recall was in light of concerns including faulty brakes, sticky accelerators, and electrical fires. Today's reports come as drivers are already dealing with safety concerns stemming from the massive recalls Toyota has been forced to issue over the past year.

Continue reading Chrysler Recalls 600,000 Vehicles

The Lexus GX 460 Is Back on the Market

lexus gsx 400Earlier this month Toyota Motor Company (TM) was forced to halt sales of its Lexus GX 460 after it received a "Don't Buy" rating from Consumer Reports, but the company announced today that the problem has been fixed, and it had resumed U.S. sales.

The problem with the SUVs involved the vehicles electronic stabilizer, which was unable to adequately correct the SUV when sliding out in corners.

Continue reading The Lexus GX 460 Is Back on the Market

More Recalls Involving Toyota SUVs

Toyota Sequoia Safety RecallToyota Motor (TM) was back in the news Wednesday with additional recalls. This time the recall involves its Sequoia sports utility vehicle due to concerns regarding the stability control on the 2003 model year. This is the second time this month that the company has recalled some of its SUVs.

The back's stability control system is supposed to correct a loss of traction in the front or rear tires when the SUV enters a corner. There have been reports that the system activated when the vehicle was moving at slow speed and resulted in drivers not being able to accelerate, and in some cases the brakes coming on and slowing the SUV down unexpectedly.

Continue reading More Recalls Involving Toyota SUVs

Toyota Stalling Before Earnings

Toyota TM logoToyota (TM) has come under fire recently on continued coverage of its brake recall, big incentives to boost TM sales, and rumors of a Toyota dividend cut. Some investors are fleeing this stock like a rat from a sinking ship, while others want to buy Toyota while TM stock is cheap.

So what should you be doing? A look at the fundamentals behind Toyota shows that the smart thing to do is park this stock and walk away. Let's look at some of the facts behind TM stock and what it means for investors:

Continue reading Toyota Stalling Before Earnings

Three Reasons to Sell a Dividend Stock

cash from selling dividend stocksDividend stocks have lots of appealing factors, and it's easy to find reasons to buy them. Some stocks have a great dividend yield. Others have a decades-long history of raising dividends once a year and are easy to put on your list of dividend stocks that are a lock to boost payouts. Then there are dividend stocks with great upside potential for the shares.

But sometimes investors don't put enough thought into when to sell dividend stocks. Here are some tips to help you pull the trigger:

Continue reading Three Reasons to Sell a Dividend Stock

Sienna Minivans Join the Toyota Recall List

Toyota TM logoMore bad news for Japanese auto maker Toyota Motor Corp. (TM), with the company announcing that it was recalling around 600,000 Sienna minivans sold in the United States.

The latest in a string of safety concerns involves potentially rusted spare tire cables that could break, allowing the minivan's spare tire to bust loose and tumble into the road.

Continue reading Sienna Minivans Join the Toyota Recall List

Toyota to Test Safety on All SUVs

Earlier this week Toyota Motor Corporation (TM) took another hit to its public relations when Consumer Reports hit one of its new SUV models, the Lexus GX 460, with a 'Don't Buy' rating. Toyota announced today that in light of the concerns over the Lexus SUV it would be running safety tests on all of its SUVs to reassure Toyota drivers that their vehicles are indeed safe.

The concern comes from tests that Consumer Reports ran on the Lexus GX 460 that showed the SUV was a rollover risk. The electronic stabilizer that was supposed to correct the SUV from spinning out was not kicking in as quickly as it should be.

Continue reading Toyota to Test Safety on All SUVs

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DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 02:34 AM

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