Ford’s Big India Launch, Time Warner Backs Off CME Investment, and 3 More Hot Stocks
Ford Motor Co. (NYSE:F): Ford has launched the EcoSport compact SUV in India, where the company is counting on it to make a big splash. The vehicle is priced at $9,365, and Ford is hoping that its smaller size will help lure buyers and help the company cash in on the exploding global small SUV market.
Time Warner Inc. (NYSE:TWX): On the heels of the company’s announcement that Jeff Rubinov will be departing, the company has also revealed that it will be holding back on $200 million in further investments in Central European Media Enterprises, of which Time Warner holds a 49.9 percent stake. The Eastern European group has said it plans to use the proceeds from the two deals to repurchase or redeem outstanding debt, which is due in 2016.
Capital One Financial (NYSE:COF): Capital One has launched the QuickSliver card, allowing users to redeem cash back awards without the restrictions typically found in other cards. “A flat rate of 1.5 percent earn rate on all purchases … is a very compelling value proposition,” said Ben Woolsey, Director of Consumer Research at creditcards.com. “Combined with no category sign-up requirements and no foreign exchange fees, this should make Quicksilver among the most straightforward and best cash back card options for consumers.”
UBS (NYSE:UBS): The bank’s French unit has been fined 10 million euros (Seeking Alpha points out that the number is not a typo, but is the most allowed under law) by Paris regulators for lenient controls that allowed employees to help clients evade taxes. The bank, as well as and three current and former employees, are already facing possible criminal charges on suspicion of having illegally sold banking services in the case.
Total SA (NYSE:TOT): Total is contemplating the bidding rights to explore for shale gas in Britain, but is ”frustrated” by a lack of information on a licensing round to be held next year. Licensing rounds in the U.K. do not involve companies bidding money and instead see them committing to carry out a program of exploration work, The Telegraph reported.