Magna International News

On 5/29/12, Magna International Inc. will trade ex-dividend, for its quarterly dividend of $0.275, payable on 6/15/12. As a percentage of MG's recent stock price of $42.75, this dividend works out to approximately 0.64%. Click here to find out which 9 other Canadian stocks going ex-dividend you should know about, at DividendChannel.com>> Below is a ... (more)

ABC 12 - WJRT - Flint, MIFaruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing in Magna International Inc.

New Process Gear will lay off 406 workers beginning in August, the company told the New York State Department of Labor.

We have upgraded our long-term recommendation on Magna International to "outperform" from "neutral." The company is likely to reap benefits from the new emission standard in the U.S., which will boost demand for new auto parts and other components.

The firm currently has a $50.00 target price on the stock. Zacks ' analyst wrote, "Magna International is expected to benefit from new emission standards in the U.S. This in turn should raise the demand for new auto parts and other components.

The Alliance for the Future of Austria has finally dismissed the circulating rumours about teaming up with a billionaire businessman.

For MI Developments Inc., the real estate play tied to Magna International, what better way to break ties with its turbulent past than to change its name and move out of Magna's neighbourhood? will become Granite Real Estate, and will move from its Aurora, Ont.

The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Magna International Inc.

Magna International Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Possible Breaches of Fiduciary Duty by the Officers and Directors of Magna International, Inc.

Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider.

The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Magna International Inc. increased its sales outlook for 2012 Thursday after reporting a strong first quarter Thursday that handily beat analysts expectations.

Frank Stronach was absent from the annual meeting of Magna International Inc. for the first time since the company started holding them 50 years ago, but chief executive officer Don Walker is taking up arms in the company's decades-long battle with institutional investors.

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Magna International Inc. has posted a first-quarter profit of $343 million and a seven per cent increase in first-quarter sales, boosted by a strong increase in light vehicle production in North America.

Magna International Inc, one of the world's biggest auto parts manufacturers, said on Thursday its first-quarter profit rose 6.5 percent, as increased demand in North America more than offset the impact of the slowdown in western Europe Magna, which is also holding its annual meeting in Toronto on Thursday, said net income rose to $343 million or ... (more)

The University of Florida's 1,000-acre Plant Science Research and Education Unit now has a conference center, where faculty can share their expertise.

Ontario Teachers' Pension Fund, which owns a stake in Canadian auto-parts manufacturer Magna International Inc, plans to vote against re-electing Magna's controversial founder Frank Stronach as director of the company.

It would be unfair to say Magna International is tone-deaf is tone-deaf to shareholders' concerns; indeed, slowly, steadily, the company has made a range of governance improvements in recent years, including tweaks to its executive compensation plan.

ABC 12 - WJRT - Flint, MIMagna International Inc. - Annual Meeting Of Shareholders and Notice of Conference Call for First Quarter 2012 Results Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider.