On Monday, Shares of Ford Motor Company (NYSE:F), gain 0.28% to $14.32.
Ford Motor Company, collaborated with Alcoa Inc. to produce a brand-new, easy-to-form and durable aluminum alloy that will allow the 2016 F-150 to have even more aluminum parts than this year’s model, according to Bizjournals.com.
Ford started using a healthy dose of military-grade aluminum parts in the 2015 F-150, allowing it to shed 700 pounds and improve fuel efficiency and handling. The use of aluminum required new tools and processes, which were installed at Ford’s Kansas City Assembly Plant in Claycomo as part of a $1.2 billion retooling project that comprised retooling for the new F-150 and production of the new Ford Transit van. Bizjournals.com Reports
“Alcoa’s breakthrough Micromill technology offers highly differentiated automotive material with strength, weight, formability and surface quality combinations formerly impossible,” Alcoa Chairman and CEO Klaus Kleinfeld said in a release. “This high-tech aluminum will give Ford a true material edge, enabling greater design flexibility and better vehicle performance – making the concept cars of tomorrow a reality.”
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. It offers vehicles primarily under the Ford and Lincoln brand names.
Shares of Paypal Holdings Inc (NASDAQ:PYPL), inclined 4.04% to $34.25, during its last trading session, after analysts at Stifel Nicolaus lifted their rating on the stock to “buy” from “hold’ with a $40 price target.
The firm cited the company’s new feature called “One Touch,” which is an instant checkout service that lets users pay with PayPal without entering their username and password each time after they put their information in the first time.
“After PayPal attained Braintree in 2013, the two teams worked on a joint project to develop “One Touch,” a product that securely saves customers’ payment information across devices and allows them to complete transactions with a single touch on merchant sites or apps,” analysts stated, according to Barron’s.com.
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
Shares of Procter & Gamble Co (NYSE:PG), inclined 1.06% to $70.68, during its last trading session.
Procter & Gamble broke ground Friday on a $500 million plant that will improve its access to East Coast customers and create hundreds of jobs as one of the largest economic development projects in West Virginia history, according to AP.
The Cincinnati-based consumer-goods company said the manufacturing hub near Martinsburg in the state’s Eastern Panhandle is eventually predictable to employ 700 full-time workers. The company said new site is within a day’s travel of nearly 80 percent of consumers in the eastern United States. The site is 80 miles from Washington, D.C.; 100 miles from Baltimore and 265 miles from New York City.
Procter & Gamble considered 70 locations for what will be the company’s fifth-largest U.S. workforce.
Procter & Gamble’s deal comprises a 20-year abatement on property taxes in Berkeley County, with the biggest tax savings in the first five years and required job creation and investment benchmarks. AP Reports
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged products worldwide. It operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Finally, Altria Group Inc (NYSE:MO), ended its last trade with 1.41% gain, and closed at $54.81.
Anheuser-Busch InBev SA (ABI.BR) reached out to SABMiller Plc’s (SAB.L) largest shareholder, Altria Group Inc (MO.N), before making a takeover approach, Bloomberg stated.
Cigarette maker Altria, which owns a 27 percent stake in SABMiller, has signaled it is open to considering a proposal, depending on the terms, the report said, citing people familiar with the matter.
SABMiller said on Wednesday it had been informed that AB InBev intended to make an offer which it would have to do by Oct. 14 under British rules.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
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