Stock News

Sports Direct International Plc’ share price up, to make a third attempt to get shareholders’ approval for founder Ashley’s bonus

The largest sporting-goods retailer in the U.K. – Sports Direct International Plc made an official statement, saying that it is making a third attempt to get an approval for its founder Mike Ashleys bonus from the companys shareholders. Sports Direct reported that it will ask its investors to support its 2015 Bonus Share Scheme at […] Read more

Tyson Foods Inc.’s share price up, wins the bidding war for Hillshire Brands Co. by offering 7.7 billion dollars

According to two people familiar with the process, Tyson Foods Inc., which is currently the biggest meat company in the U.S., reached an agreement to purchase Hillshire Brands Co. after beating the offer of Pilgrims Pride Corp. The people, who asked not to be named because the deal has not been officially announced yet, revealed […] Read more

Lloyds Banking Group Plc’ share price down, to price its TSB unit below book value for Initial Public Offering

People close to the process revealed that Lloyds Banking Group Plc is ready to value its TSB unit at about 15% below the divisions book value on Monday as the initial public offering is about to be carried out. The bank group, which is one-fourth owned by the state, is selling its consumer-lending unit TSB […] Read more

Codelco board ousts CEO Thomas Keller after strategy disagreements

The board of Chilean state-run copper miner Codelco removed Chief Executive Officer Thomas Keller with a majority vote after a clash over strategy. Codelco, the worlds biggest copper miner with a significant influence on the metals global market, seeks new leadership at a crucial time for the company, but opponents said the decision was politically […] Read more

United Parcel Service Inc.’s share price up, appoints David Abney as the new CEO to succeed Davis in September

The biggest package-delivery company in the world – United Parcel Service Inc. made an official statement, announcing that Mr. David Abney is to be the new Chief Executive Officer of the company. Mr. Abney is to succeed Mr. Scott Davis, who will retire after spending almost three decades in UPS Inc. One of the United […] Read more

Barnes & Noble Inc.’s share price up, enters a partnership with Samsung Electronics Co. to sell co-branded colour Nook tablets

The bookstore chain Barnes & Noble Inc. managed to reach an agreement sell colour tablets made by Samsung, co-branded with the chains Nook label. The companies made a joint statement about the deal, which is an open challenge to Amazon.com Inc. and Apple Inc. According to yesterdays statement, the new devices will combine the Nook […] Read more

Tesco Plc’ share price down, CEO Clarke will need time to turn around the company and stop customers flee

According to one of the largest shareholders, the Chief Executive Officer of Tesco Plc – Mr. Philip Clarke will need another 18 months to turn the company back to profit, after Tesco reported its worst sales growth in 40 years. The poor results provoked some of the U.K.s biggest grocery companys shareholders to call for […] Read more

Vodafone Group Plc’ share price up, posts a law enforcement disclosure report revealing 29 countries asked for user data access

The second-biggest wireless carrier in the world – Vodafone Group Plc posted its first law enforcement disclosure report, revealing that a total of 29 governments asked to get access to its network over a year. The report covers a period from April 2013 to March 2014 and emphasizes on the extent of the monitoring operations […] Read more

Bank of America Corp.’s share price up, seeks to resolve investigations into its mortgage-backed management

A person with knowledge of the negotiations reported that Bank of America Corp. is in talks to resolve probes into its management of mortgages ahead of the financial crisis. The bank is said to pay at least 5 billion dollars in relief to customers, as part of a proposed agreement. The sum in question is […] Read more

KKR & Co. LP’s share price up, to acquire the Chinese meat-processing unit of Cofco Group in a 270-million-dollar deal

A person familiar with the process reported that the private equity firm KKR & Co. LP agreed to purchase a stake in the Chinese meat-processing division of Cofco Group through a group led by it, including Baring Private Equity Asia, Hopu Investment Management Co. and Boyu Capital. According to the person, the deal is estimated […] Read more