Tag: Financial

Posts related to Financial

Tesla joins NasdaqTesla joins Nasdaq 100 as Oracle defects to NYSE. —Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week. Like this, it fills the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.

The electric-car maker will join to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15. This is the official statement of Nasdaq OMX Group Inc. On the other hand, Oracle said last month it will join the NYSE, is the biggest company to jump between the competing exchanges.

Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year. Due to the popularity of its new Model S, sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks by investors, it [...]

Fiat Exercises OptionsFiat exercises options to buy an additional 3.3% of Chryler’s shares.

This move is part of CEO Sergio Marchionne’s step-by-step purchases. His efforts intend to lead full control of Chrysler and the creation of a merged company.

Such a company would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA. VEBA is a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat exercises options aim to full control Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million [...]

    Back to top