On Monday, Shares of Ford Motor Co. (NYSE:F), gained 1.25% to $15.36.
In response to customer demand for Ford’s newest products, the company this year will produce close to 40,000 extra units by idling select plants for only one week during what has been the traditional two-week summer shutdown.
As part of Ford’s annual production plan, its North American manufacturing facilities will shut down from June 29 to July 10, 2015 for building maintenance and machine retooling. Based on strong customer demand for the company’s newest products – F-150, Edge, Escape and Explorer – six Ford assembly plants, together with supporting powertrain and stamping plants, will shut down only the week of June 29. Assembly plants comprise Chicago, Dearborn Truck, Kansas City, Kentucky Truck, Louisville and Oakville.
Demand for Ford’s trucks and utilities continues to be strong. In April, Ford’s all-new 2015 F-150 was turning in just 20 days on dealer lots, while Edge spent just 10 days on dealer lots. Escape inventories remain tight in a growing small utility vehicle segment. Explorer inventories are also tight, with the new 2016 Explorer just starting to hit dealer lots as production ramps up.
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 JD.com, Inc. (NASDAQ:JD), inclined 3.21% to $34.76, during its last trading session.
JD.com, declared the launch of Japanese Mall, a new channel on the company’s JD Worldwide cross-border platform dedicated exclusively to sales of authentic imported Japanese products.
JD.com launched Japanese Mall at an event in Tokyo recently, where JD Mall CEO Haoyu Shen was joined by Katsutoshi Takeda, Director General of the Japan-China Friendship Center, and senior administration from Rakuten, Sumitomo, and other key Japanese partners.
JD is working to simplify cross-border transactions by providing recommendations on operational and international logistics partners that Japanese businesses can use to reduce costs and improve the efficiency of selling through the JD Worldwide platform.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
At the end of Monday’s trade, Shares of Juniper Networks, Inc. (NYSE:JNPR), lost -2.66% to $27.06.
A Sanford C. Bernstein analyst in London said that Swedish telecommunications company Ericsson (ERIC) may look to buy Juniper Networks to counter Nokia (NOK)’s $16.6 billion acquisition of Alcatel Lucent (ALU), Bloomberg reports.
Last month, French global telecommunications company Alcatel-Lucent agreed to be bought by Nokia, a combination that’s set to surpass Ericsson in sales. While Ericsson was close to making a bid for Alcatel-Lucent, last year the company walked away.
With Alcatel-Lucent off the table, the natural route would be for Ericsson to buy Juniper Networks, which could assist Ericsson “restore old order and avoid being marginalized,” the Sanford C. Bernstein analyst said.
Juniper Networks, Inc. designs, develops, and sells high-performance network products and services worldwide. It provides various routing products, counting ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; M series edge routers; PTX series packet transport routers; and T series routers.
Finally, Pier 1 Imports, Inc. (NYSE:PIR), ended its last trade with -5.51% loss, and closed at $12.01.
Analysts at Cantor Fitzgerald initiated coverage on Pier 1 Imports, with a “buy” rating and a $17 price target.
The firm said that e-commerce should soon be an earnings driver, with the heavy investments that have pressured EBIT margin largely complete. They added that Pier 1 Imports’ e-commerce business should double over the next three years.
Pier 1 Imports, Inc. engages in the retail sale of decorative home furnishings, furniture, gifts, and related items. The company offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gift, and seasonal items.
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