Stock News

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

Friends Life Group Ltd’s share price up, plans a share buyback after Blackstone acquires its Lombard unit for $610 million

Friends Life Group Ltd made a statement today, announcing its intentions to return cash to its shareholders, after Blackstone Group LP reached an agreement to acquire its European wealth-management division in a deal valued at about 356 million pounds (610 million dollars). The Chief Executive Officer of Friends Life Group Ltd – Mr. Andy Briggs […] Read more

Imperial Tobacco Group Plc’ share price up, negotiates the acquisition of Reynolds-Lorillard assets

Imperial Tobacco Group Plc, which is the fourth-biggest cigarette producer in the world, made a statement that it is currently having talks with Reynolds American Inc. and Lorillard Inc. over the acquisition of brands that are property of the two U.S. tobacco companies in the event of a merger between them. As reported by the […] Read more

Infosys Ltd’s share price up, posts its results for the first financial quarter, profit beats analysts’ forecasts

The second-biggest software services company in India – Infosys Ltd made an official statement today, posting its profit for the first fiscal quarter of the year that surpassed the median analysts forecast due to a larger number of orders the company received. The newly-appointed Chief Operating Officer of Infosys Ltd – Mr. U.B. Pravin Rao […] Read more

Nissan Motor Co. Ltd’s share price down, the CEO of its Infinity unit de Nysschen resigns to “pursue other opportunities”

The President of Nissan Motor Co.s Infinity luxury brand – Mr. Johan de Nysschen – is leaving the unit after spending two years on the position. One of Infinitis spokesmen – Mr. Stefan Weinmann revealed that the news of the resignation was announced internally today. The divisions spokesman also shared that the control of Nissans […] Read more

AP Moeller Maersk A/S’ share price up, announces a 10-year pact with MSC over vessels sharing

The worlds top two container-shipping carriers – AP Moeller Maersk A/S and MSC Mediterranean Shipping Co. revealed yesterday that they have reached an agreement to share vessels on some of the busiest trade routes in the world. The step of the two companies comes after a proposal for a three-way alliance was banned by the […] Read more

Amazon.com Inc.’s share price down, seeks U.S. regulatory authorities’ permission to test its drones outdoors

Amazon.com Inc. sought permission from US aviation regulatory authorities to expand the testing of its drones outside the companys research laboratory in a letter published on a government website. According to the web retailers statement, it has set a goal of delivering packages weighing less than 5 pounds (2.3 kilograms) with automated aircraft that will […] Read more

UK Home Improvement Sector. B&Q, Argos and Homebase Sales.

The 2008 economic crisis that has affected most of the worlds markets also had its impact on the Do­it­yourself (DIY) multiples market in the U.K. over the last six years. The overall economic and construction declined in the U.K. DIY market made the situation pretty unstable even for the market leaders. Currently, the DIY multiples […] Read more

Burberry Group Plc’ share price up, posts a 9% increase in its retail revenue, figures beat analysts’ forecasts

The biggest UK luxury-goods manufacturer – Burberry Group Plc made a statement today, posting its revenue over the first fiscal quarter, that surpassed the median analysts forecast due to successful digital marketing initiatives, which increased the companys sales. The Chief Executive Officer of the company – Mr. Christopher Bailey, who is also Burberrys creative head […] Read more

Samsung Electronics Co. Ltd’s share price down, faces fresh child labor issues

Samsung Electronics Co., the biggest smartphone manufacturer in the world, made an official e-mailed statement today, saying that it is to investigate accusations of child labor at one of its suppliers. A New York-based labor protection group, China Labor Watch, had said gross violations of Samsungs ethics code were conducted, only days after the company […] Read more