Here is another batch of news stories which may affect stock prices as trading continues today. The following listed companies should see some movement: J.P. Morgan Chase & Co. (NYSE:JPM), Ford Motor Company (NYSE:F) and Toyota Motor Corporation (NYSE:TM).
Here is a more detailed look at the news that will affect each company as the day’s trading continues.
J.P. Morgan Chase & Co. (NYSE:JPM)
The new J.P. Morgan Chase & Co. (NYSE:JPM) investment fund will be the first of its kind, as it will invest solely in global emerging markets and aim for income. Thursday’s launch will be the largest IPO for the company, and will come in at £104 million ($162 million).
It is rare for an investment vehicle to target solely emerging markets for income, however J.P. Morgan Chase & Co. (NYSE:JPM) have stated that they are simply try to reflect the demand by investors to get their money from outside the usual locations.
Ford Motor Company (NYSE:F)
Chinese car manufacturer Geely will finalize the puchase of Volvo from Ford Motor Company (NYSE:F) next week, at a price of around a third of the previous transaction price for the Swedish company.
The sale of Volvo is part of a Ford Motor Company (NYSE:F) plan to attempt to withdraw from European luxury car brands, which have not delivered the types of returns which they had initially anticipated.
Ford will continue to give support to the Chinese company for an unspecified length of time.
Toyota Motor Corporation (NYSE:TM)
Toyota Motor Corporation (NYSE:TM) has been forced to recall 400,000 of their Avalon sedans, in order to fix an issue with the steering lock.
The news will frustrate employees and stockholders, who will see it as another blunder by a company which is rebuilding its tarnished reputation after a series of recalls and problems with their cars over the last few years. It is thought that the steering-lock issue may have affected as many as 370,000 cars built in the US between 2000 and 2003.
There will probably be more movement as the day’s trading progresses for J.P. Morgan Chase & Co. (NYSE:JPM), Ford Motor Company (NYSE:F) and Toyota Motor Corporation (NYSE:TM).
