Stock News

Airbus Group NV’s share price up, upgrades its A330 jet model to better confront Boeing Co.’s 787 Dreamliner

Airbus Group NV officially revealed that it is upgrading its 20-year old A330 jet at the Farnborough Airshow yesterday. The company is to equp the jet model with new engines in order to meet the competition of its major rival Boeing Co. and its newer 787 Dreamliner. The Chief Executive Officer of Airbus Group NV […] Read more

Mylan Inc.’s share price up, to acquire Abbott Laboratories in an all-stock $5.3 billion deal

Mylan Inc. announced in a statement that it is to acquire the generic-drug Abbott Laboratories in a “spinversion” all-stock deal estimated at $5.3 billion, which will allow both companies to be domiciled outside the US, lowering tax rates. According to the terms of the purchase that were disclosed, 21% of the new company will be […] Read more

Citigroup Inc.’s share price up, announces a 96% decline in profit, reaches a $7-billion mortgage-bond settlement

The third-largest bank in the U.S. – Citigroup Inc. made a statement today, posting its profit for the second financial quarter that surpassed the analysts projections, after excluding the 3.7 billion dollars in expenses associated with a mortgage-bond settlement. The Chief Executive Officer of the bank – Mr. Michael Corbat said in Citigroup Inc.s statement […] Read more

Lindt & Spruengli AG’s share price at a 25-year high, to acquire Russell Stover Candies Inc. in its largest takeover

The biggest maker of premium chocolate in the world – Chocoladefabriken Lindt & Spruengli AG revealed in a statement today that it agreed to purchase Russell Stover Candies Inc. in a deal that would help the company become the third-largest chocolate maker in North America. Following the announcement, the shares of the Swiss company rose […] Read more

AbbVie Inc. share price down, edging closer to an acquisition of Shire Plc

Shire Plc said in a Monday statement that it would allow a takeover by AbbVie Inc., for an updated and improved bid of 31.4 billion pounds ($53.7 billion), after three failed earlier attempts. The US company has moved towards acquiring the UK-based Shire, in a bid to relocate its HQ to the UK, where tax […] Read more

Samsung Electronics Co.’s share price down, to suspend a China-based supplier amid child labour concern

The biggest smartphone manufacturer in the world – Samsung Electronics Co. made an official statement today, revealing that one of its suppliers in China was suspended after the company founded evidence of child labour. According to the statement of Samsung Electronics Co., the case is being investigated by the authorities and the supplier is to […] Read more

Boeing Co.’s share price up, works on a modified 737 to answer low-cost carrier demand

The Chief Executive Officer of the commercial airplane division of Boeing Co., Mr Ray Conner, revealed just ahead of the Farnborough Air Show that the company is working on a modification of its 737 model, which is to have a higher capacity. The narrow-body model targets primarily discount airlines, boarding as many passengers as comfort […] Read more

AECOM Technology Corp.’s share price up, agrees to acquire URS Corp. in a 4-billion-dollar deal

AECOM Technology Corp. made an official statement yesterday, revealing that it reached an agreement over the acquisition of URS Corp. in a $4-billion deal. The companys move is driven by its desire to expand reach gain new services in markets including gas and oil. The President and Chief Executive Officer of AECOM Technology Corp. – […] Read more

UK shares surge, Imperial Tobacco up 3% on acquisition talks

Shares in the UK posted gains on Friday, trimming their weekly loss, as Imperial Tobacco Group rose 3%, following its announcement that it plans the acquisition of some assets and brands, owned by companies in the United States. The FTSE 100 Index gained 17.80 points, or 0.27%, to close at 6,690.17 in London on Friday. […] Read more

Apple Inc share price little changed, China state TV claims iPhone poses security threat

Chinas influential national television labeled a location-tracking software featured in Apple Incs iPhone a threat to national security in the latest confrontation between the Asian country and U.S. tech giants, including Microsoft Corp., Google Inc. and Facebook Inc. The accusation comes only a few months after the iPhone maker struck a deal with China mobile […] Read more