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TM

Toyota

$125.40

0.505 (0.40%)

, PCRFY

Panasonic

$0.00

(0.00%)

06:03
01/22/19
01/22
06:03
01/22/19
06:03

Toyota, Panasonic confirm EV battery joint venture agreement

Toyota (TM) and Panasonic Corporation (PCRFY) concluded a business-integration contract and a joint-venture contract toward the establishment of a new company related to the automotive prismatic battery business. Toyota and Panasonic will establish a joint venture (pending approval from the competition-law authorities in the countries and regions concerned) by the end of 2020. The ratio of equity participation in the joint venture will be 51 percent for Toyota and 49 percent for Panasonic. The scope of the joint venture's business operations will cover research, development, production engineering, manufacturing, procurement, order receipt, and management related to automotive prismatic lithium-ion batteries, solid-state batteries, and next-generation batteries. Toyota will transfer equipment and personnel to the joint venture in the areas of development and production engineering related to battery cells. Panasonic will transfer equipment, other assets, liabilities, personnel, and other items to the joint venture in the areas of development, production engineering, manufacturing (at plants in Japan and in Dalian, China), procurement, order receipt, and management functions related to the automotive prismatic battery business. The total number of employees from both companies related to operations subject to transfer to the joint venture is 3,500 (as of the end of December 2018). Products produced by the joint venture will be sold to various automakers through, in principle, Panasonic. The joint venture will integrate management and other resources from both companies, fusing strengths of both Toyota and Panasonic.

TM

Toyota

$125.40

0.505 (0.40%)

PCRFY

Panasonic

$0.00

(0.00%)

TM Toyota
$125.40

0.505 (0.40%)

06/06/18
MSCO
06/06/18
NO CHANGE
MSCO
Morgan Stanley says Softbank stake in Cruise significant 'far beyond' just GM
Morgan Stanley analyst Adam Jonas said Softbank's (SFTBF) recently announced investment in GM Cruise "carries significance far beyond" General Motors (GM), arguing that the increasingly conspicuous involvement of "outside validators" such as large-cap tech firms and prominent investors can accelerate perception change in the capital markets about "Auto 2.0." He envisions the possible formation of two different companies currently held under one automaker's roof, which he dubs an Auto 2.0 "Yieldco" and an Auto 2.0 "Growthco." Converting car owners into monthly subscribers could open up significant revenue, profit, and value opportunities for traditional automakers, argues Jonas in a note to investors. Other automaking "OEMs" include Ford (F), Daimler (DDAIF), Toyota (TM), Honda (HMC), Fiat Chrysler (FCAU) and BMW Group (BAMXY).
10/22/18
BOFA
10/22/18
UPGRADE
BOFA
Buy
Toyota upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Kei Nihonyanagi upgraded Toyota to Buy from Neutral and raised estimates saying Q2 results confirm progress in improving North American profits and the share buyback announcement supports the share price.
11/19/18
JPMS
11/19/18
UPGRADE
JPMS
Overweight
Toyota upgraded to Overweight from Neutral at JPMorgan
12/06/18
JEFF
12/06/18
UPGRADE
JEFF
Buy
Toyota upgraded to Buy from Hold at Jefferies
Jefferies analyst Takaki Nakanishi upgraded Toyota Motor to Buy.
PCRFY Panasonic
$0.00

(0.00%)

03/09/18
GSCO
03/09/18
UPGRADE
GSCO
Buy
Panasonic upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs upgraded Panasonic to Buy saying Society 5.0 has potential to generate "far-reaching growth."
04/11/18
WBLR
04/11/18
NO CHANGE
WBLR
Google interest ups chances of in-flight Wi-Fi acquisition, says William Blair
"We have seen this movie before" is what William Blair analyst Louie DiPalma says after Bloomberg reported yesterday that Google (GOOG, GOOGL) is in advanced talks to acquire Nokia's in-flight connectivity hardware business. Google joins a long list of technology, telecom, and media providers that have exhibited a strategic interest in in-flight Wi-Fi, "although all have thus far stayed on the perimeter," DiPalma tells investors in a research note. The analyst notes that incumbents Gogo (GOGO), Panasonic (PCRFY), ViaSat (VSAT), Global Eagle Entertainment (ENT), and Inmarsat (IMASY) have invested billions toward satellite capacity and infrastructure. The industry is all about scale and potential new entrants would not have any, DiPalma contends. He believes it would take any new entrant many years to build a network from scratch, obtain regulatory approvals, and procure line-fit partnerships. The analyst thinks Google's interest in in-flight connectivity increases the probability that a tech or telecom company would buy an incumbent in the space. DiPalma has Outperform ratings on ViaSat and Gogo and a Market Perform rating on Global Eagle.

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PLNT

Planet Fitness

$66.76

-0.825 (-1.22%)

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IRDM

Iridium

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Iridium CEO: We've doubled our bottom line over the past eight years »

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DJX

Dow Jones Industrial Average

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Sen. Sanders calls on White House to make Mueller report public »

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IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

, RNECY

Renesas

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18:02
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Integrated Device, Renesas receive final approval for merger »

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Integrated Device

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Renesas

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DJX

Dow Jones Industrial Average

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S&P 500

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General news
Senator Warren urges AG Barr to release Mueller report to the public »

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SPY

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BA

Boeing

$362.49

-10.2 (-2.74%)

17:44
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17:44
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Lawmaker urges FAA, Boeing workers to utilize whistleblower page »

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  • 28

    May

GLD

SPDR Gold Shares

$123.97

0.29 (0.23%)

17:44
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Hot Stocks
SPDR Gold Shares holdings rise to 781.03MT from 778.09MT »

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17:40
03/22/19
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General news
Weekly CFTC Commitment of Traders highlights »

10-YEAR U.S. TREASURY net…

ONEXF

Onex

$0.00

(0.00%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Hot Stocks
Onex to acquire Gluskin Sheff »

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DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

17:35
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17:35
Syndicate
Breaking Syndicate news story on DASAN Zhone »

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  • 28

    May

REPH

Recro Pharma

$9.73

0.1 (1.04%)

17:35
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Breaking Hot Stocks news story on Recro Pharma »

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  • 24

    Mar

DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

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Breaking Syndicate news story on DASAN Zhone »

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  • 28

    May

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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S&P 500

$0.00

(0.00%)

17:34
03/22/19
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17:34
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17:34
General news
White House says hasn't received, been briefed on Mueller report, WSJ says »

Following confirmation…

DJX

Dow Jones Industrial Average

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SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

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CATS

Catasys

$13.19

-0.39 (-2.87%)

17:26
03/22/19
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Breaking Syndicate news story on Catasys »

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USWS

U.S. Well Services

$7.74

-0.54 (-6.52%)

17:20
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Breaking Syndicate news story on U.S. Well Services »

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ADIL

Adial Pharmaceuticals

$2.97

-0.12 (-3.88%)

17:17
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Breaking Syndicate news story on Adial Pharmaceuticals »

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STNG

Scorpio Tankers

$18.85

-0.66 (-3.38%)

17:16
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Breaking Syndicate news story on Scorpio Tankers »

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NAVB

Navidea

$0.14

-0.0001 (-0.07%)

17:13
03/22/19
03/22
17:13
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17:13
Syndicate
Navidea offers to sell $3M in common stock for existing shareholder »

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DJX

Dow Jones Industrial Average

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S&P 500

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17:11
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17:11
General news
Mueller delivers Russia report to AG William Barr, CNBC reports »

Special counsel Robert…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

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BA

Boeing

$362.49

-10.2 (-2.74%)

, NOC

Northrop Grumman

$268.29

-4.01 (-1.47%)

17:10
03/22/19
03/22
17:10
03/22/19
17:10
Hot Stocks
Boeing awarded $4.14B Missle Defense Agency contract »

Boeing (BA) has been…

BA

Boeing

$362.49

-10.2 (-2.74%)

NOC

Northrop Grumman

$268.29

-4.01 (-1.47%)

RTN

Raytheon

$179.98

-1.94 (-1.07%)

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  • 28

    May

AAPL

Apple

$190.97

-4.1 (-2.10%)

17:09
03/22/19
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Periodicals
Partners not sure how Apple plans to package, price video service, CNBC says »

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  • 25

    Mar

RIVE

Riverview Financial

$11.20

(0.00%)

17:05
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Breaking Syndicate news story on Riverview Financial »

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RIVE

Riverview Financial

$11.20

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Breaking Syndicate news story on Riverview Financial »

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