On Tuesday, Shares of Ford Motor Co. (NYSE:F), gained 1.02% to $14.83.
Ford Motor Company said Tuesday it was recalling 26,400 trucks in North America because the front passenger and center seat belts might not be angled in the correct position relative to the seat, according to Los Angeles times.
The recall applies to F-650 and F-750 trucks from model years 2011 to 2013 and 2015. The vehicles were made in the Escobedo Assembly Plant in Mexico between Feb. 14, 2011 and April 28 of this year. Los Angeles times Reports.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of Abercrombie & Fitch Co. (NYSE:ANF), declined -6.26% to $17.97, during its last trading session, hitting its lowest level.
Abercrombie & Fitch declared a new brand leadership team who will collectively assist drive the A&F brand forward.
The new brand leadership team comprises:
- Stacie Beaver, General Manager for A&F Womens. Stacie has worked at A&F for over 15 years in a variety of senior positions. Most recently, she led the Bottoms business for Men and Women across Hollister and A&F.
- Kurt Hoffman, General Manager for A&F Mens. Kurt joined A&F in March from Club Monaco, where as Senior Director of Men`s Merchandising, he led the turnaround of the men`s line counting the integration of the DTC and international businesses. Formerly, he assisted re-launch the RRL brand for Ralph Lauren, worked to launch the Men`s Shop concept for J.Crew, and was part of the team who led the global expansion for Jack Spade.
- Aaron Levine, Head Designer for A&F Mens. Aaron joined the company in July from Club Monaco, where he was Vice President of Men`s Design. In this role, he assisted expand the line globally and elevate the brand through a number of channels, counting a partnership with luxury e-commerce site, Mr Porter. He has also held a number of senior design roles at Jack Spade, Rogues Gallery and Hickey Freeman.
Abercrombie & Fitch Co., through its auxiliaries, operates as a specialty retailer of apparel for men, women, and kids. The company operates through three segments: U.S. Stores, International Stores, and Direct-to-Consumer.
Finally, Mobileye N.V. (NYSE:MBLY), ended its last trade with -1.73% loss, and closed at $63.03, despite Morgan Stanley boosted its price target to $80 from $68 and reiterated its “overweight” rating.
“Barely a year removed from its IPO, Mobileye is already moving from the first (Penetration) phase of its life cycle to the second (Execution) phase; we expect it to close out with the third phase (Domination) in a few years. We raise our estimates at both ends of our 15-year discounted cash flow,” Morgan Stanley’s team of analysts wrote in a note.
Mobileye N.V., together with its auxiliaries, designs and develops software and related technologies for camera-based advanced driver assistance systems primarily in Israel. It operates through two segments, Original Equipment Manufacturing and After Market.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
