Stock News

Verizon Communications Inc.’s share price up, posts an 88% rise in profit due to improved customers gains

The biggest wireless carrier in the U.S. – Verizon Communications Inc. made an official statement today, posting its results over the second financial quarter. The company shared that its profit jumped by 88% over the period, outstripping the median analysts forecast due to improved customers gains. Mr. Lowell McAdam, who is the Chairman and Chief […] Read more

Credit Suisse Group AG’s share price down, intends to exit commodities trading, after posting its biggest quarterly loss since 2008

Credit Suisse Group AG announced that it intends to abandon commodities trading because it recently posted its largest quarterly loss since 2008 due to a 2.6-billion-dollar fine that was imposed on the bank as a settlement of a U.S. tax investigation. Credit Suisse Group AG also shared that its net loss over the second financial […] Read more

ARM Holdings Plc’ share price up, projects improved second half results amid recovery in the smartphone market

The chip designer ARM Holdings Plc announced that it projects its royalty revenue growth to accelerate again during the second half of the year amid recovery in the smartphone market. The companys shares jumped as much as 5%, marking the biggest intraday advance since April 17. As reported by Reuters, the company said in its […] Read more

Time Warner Inc.’s share price up, changes bylaws to fend off takeover bid from 21st Century Fox

The board of Time Warner Inc., which last week fended off a $73 billion acquisition offer from 21st Century Fox Inc., reasserted the firm stand against the unwanted takeover bid by changing its bylaws, disallowing shareholders to call special meetings. The companys board has made the decision to block the rule that provided Time Warner […] Read more

Netflix Inc.’s share price up, doubles its earnings in Q2, projects rising costs in next quarter

Netflix Inc. made a statement yesterday, revealing that its customer gains over the second financial quarter surpassed its own projection by reaching more than 50 million users globally. The company also announced that its earnings over the second three months of the fiscal year more than doubled, as it added 1.7 million subscribers worldwide. However, […] Read more

Yahoo! Inc.’s share price down, to acquire analytics start-up Flurry Inc. for more than $300 million

Yahoo! Inc. is to acquire the analytics company Flurry Inc. in an attempt to increase its advertising revenue generated from smartphones. According to people familiar with the companys plans, who asked not to be named because the negotiations are still not public, the price of the deal exceeds 300 million dollars. The Vice President of […] Read more

Allergan Inc.’s share price up, to reduce its workforce by 13% while trying to avoid Valeant Pharmaceuticals takeover bid

Allergan Inc., which is known for manufacturing the wrinkle remover Botox, made an official statement today, revealing that it will eliminate 1 500 jobs and will cut another 250 vacant positions. The companys decision is provoked by the fact that Allergan Inc. is trying to avoid a hostile takeover bid from Valeant Pharmaceuticals International Inc. […] Read more

McDonald’s Corp.’s share price up, halts purchases from a Chinese meat supplier along with Yum! Brands Inc.

McDonalds Corp. wrote in a microblog statement yesterday that it decided to stop purchasing meat products from a Shanghai-located supplier due to the fact that the supplier has faced allegations for selling chicken and beef after its expiration date. The supplier, called Shanghai Husi Food Co., is currently being investigated by authorities. One of the […] Read more

Philips Electronics share price down, posts a 24% net profit decline, pledges to improve second-half results

Philips Electronics made an official statement today revealing a 24%-decline in second-quarter net profit and a 4% drop in sales at its body scanner and medical-gear division. The announcement of the company comes after it reduced its profit guidance on the sales at its health-care equipment division earlier in July. However, Philips said earnings should […] Read more

Tesco Plc’ share price up, to replace CEO Clarke with Unilever’s Mr. Dave Lewis as it posts another profit warning

The Chief Executive Officer of Tesco Plc – Mr. Philip Clarke – will be replaced after the company announced that its profit over the first six months of the current fiscal year are expected to trail the companys initial estimates. Tesco Plc made an official statement today, revealing that it will appoint Mr. Dave Lewis, […] Read more