Notable News: Rainbow International, Ford Motor Company, Toyota Motor Corporation, Doral Financial Corporation


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NYSE:F / NYSE:TM / NYSE:DRL / PK:RNBI
05/19/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / May 19, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Rainbow International, Ford Motor Company, Toyota Motor Corporation, Doral Financial Corporation

Ford Motor Company (NYSE:F)’s shares gained 0.45% to $15.76.  The company on May 19 is celebrated the 10-year anniversary of its groundbreaking Dearborn Truck Plant. As the centerpiece of Ford Rouge Center, Dearborn Truck Plant was conceived as Ford’s vision of sustainable manufacturing and has served as flagship for the company’s next generation of lean and flexible plants.

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Additionally, the company on May 14 said its sales in Europe rose in April, marking the 11th straight month of year-over-year sales improvement and fifth successive month of market share gains. Overall, Ford sold 99,700 vehicles in April in its European 20 main markets, an increase of 6,200 compared with April 2013. Ford’s 6.6 per cent improvement outpaced total industry growth of 4.2 percent in Europe, and boosted Ford’s market share up by 0.2 of a percentage point to 7.9 per cent.

Toyota Motor Corporation (NYSE:TM)’s shares jumped 0.10% and closed at $109.61. Diversity Inc on May 14 named Toyota one of its Top 50 Companies for Diversity® in 2014, marking Toyota's eighth appearance on the list since 2006. Toyota is the only automaker in the Top 50, placing at no. 38 of 1,215 companies vying for inclusion. Toyota moved up 10 spots over 2013, reflecting strong corporate diversity and inclusion initiatives as well as promotion among its associates, business partners, dealers and customers.

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 Additionally, Grambling State University (GSU) on May 13 awarded James Colon, vice president of African American Business Strategy at Toyota Motor Sales, Inc., an honorary doctorate degree at its 2014 Spring Commencement ceremony, Friday, May 9.  It is the most prestigious degree the historically black university offers.

Doral Financial Corporation (NYSE:DRL)’s shares climbed 8.15% and closed at $2.92. Harwood Feffer LLP (www.hfesq.com) on May 15 said it is investigating potential claims against Doral Financial Corporation ("Doral" or the "Company") (DRL) and its board of directors concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.

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On May 1, 2014, the Company disclosed that the payment of $289 million, comprising nearly half of the bank's $679 million Tier 1 capital, was being disputed by the Puerto Rican government.  As a result, the Company was significantly undercapitalized and could be forced to sell assets.

Rainbow International, Corp. (OTCMKTS:RNBI)’s shares dropped 14.16% and closed at $0.20 in the last trading session. At February 28, 2014, the company had a cash balance of $47, which represents a $3,153 increase from the $3,200 balance at May 31, 2013. This decrease was the result of the payment of legal and accounting expenses required to satisfy the requirements of a reporting company. During the nine months ended February 28, 2014 and 2013, there were no investing activities.

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For the nine months ended February 28, 2014, the registrant received proceeds from note payable of $74,965 resulting in net cash flows from financing activities of $74,965. For the nine months ended February 28, 2013, the registrant had cash in excess of deposits of $437 and payments to shareholder of $50,000. As result, the registrant had net cash flows from financing activities of $(49,453) for the nine months ended February 28, 2013.

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