Magna International NewsNews on Magna International continually updated from thousands of sources around the net.S&P Picks and Pans: UPS, Kodak, UAL, NYSE EuroNext, Magna International- June 29, 2008 S&P LOWERS RECOMMENDATION ON SHARES OF UNITED PARCEL TO HOLD FROM BUY : UPS cuts second quarter guidance to $0.83-$0.88 from $0.97-$1.04, citing fuel prices, which have reduced package demand and led to a mix ...http://www.topix.net/com/mga/2008/06/s-p-picks-and-pans-ups-kodak-ual-nyse-euronext-magna-... Magna shares plummet to lowest level in seven years as auto industry struggles- June 27, 2008 Shares in Magna International Inc. crumbled to their lowest level in seven years on Thursday as higher gas prices and dismal auto sales numbers left the company's stock struggling.http://www.topix.net/com/mga/2008/06/magna-shares-plummet-to-lowest-level-in-seven-years-a... Porsche Picks Magna for Boxster Work Production Over Finland's Metso Unit- June 26, 2008 Porsche SE , the maker of the 911 sports car, said a unit of Magna International Inc.http://www.topix.net/com/mga/2008/06/porsche-picks-magna-for-boxster-work-production-over-... CEO of Plastech could benefit in sale- June 24, 2008 The founder of Plastech Engineered Products Inc. could be paid more than $9 million when her company is sold.http://www.topix.net/com/mga/2008/06/ceo-of-plastech-could-benefit-in-sale?fromrss=1 Formet cuts 400- June 23, 2008 St. Thomas's economy was dealt a setback Wednesday as Formet Industries announced a permanent layoff of 400 salaried and hourly employees, effective Sept.http://www.topix.net/com/mga/2008/06/formet-cuts-400?fromrss=1 Stanton elected union president at New Process Gear- June 21, 2008 Stanton was head of the union when Daimler-Chrysler sold the plant to Canadian auto parts maker Magna International Inc.http://www.topix.net/com/mga/2008/06/stanton-elected-union-president-at-new-process-gear?f... Magna to Eliminate 400 Jobs in Ontario on Lower Demand for Its Truck Parts- June 19, 2008 Magna International Inc. , North America's largest auto-parts maker, will eliminate about 400 hourly and salaried jobs at an Ontario plant because of a decline in demand for large trucks.http://www.topix.net/com/mga/2008/06/magna-to-eliminate-400-jobs-in-ontario-on-lower-deman... Magna cutting 400 St. Thomas jobs- June 19, 2008 Three-month TSX trading in Magna A shares. Magna International Inc. will slash 400 jobs at its plant in St.http://www.topix.net/com/mga/2008/06/magna-cutting-400-st-thomas-jobs?fromrss=1 Magna eyes Plastech, deal could boost sales to U.S. auto makers- June 18, 2008 Magna International Inc. has bid $24.7-million to take over the exteriors business of bankrupt auto supplier Plastech Engineered Products Inc.http://www.topix.net/com/mga/2008/06/magna-eyes-plastech-deal-could-boost-sales-to-u-s-aut... |