Stock News

Amazon.com Inc.’s share price down, to introduce a smartphone at a special event in Seattle to compete with Apple Inc.

According to a person familiar with the process, Amazon.com Inc., which is currently the biggest online retailer, is considering to reveal a smartphone later this month. The step would be part of the companys strategy to get a larger piece of the highly-competitive mobile-device market. The company announced in a tweet that it is planing […] Read more

Sprint Corp.’s share price down, advances towards a 32-billion-dollar acquisition of T-Mobile

According to people familiar with the process, Sprint Corp. is coming closer to an agreement on the price, termination fee and capital structure of the T-Mobile U.S. Inc. takeover. The acquisition could estimate the wireless carrier at almost 40 dollars per share. The two companies are reported to have reached an agreement on the broader […] Read more

Frasers Centrepoint Ltd’s share price down, makes a 2.4-billion dollar bid for the acquisition of Australand

Frasers Centrepoint Ltd, which is a property company based in Singapore, made a bid for the acquisition of the Australian residential developer and office landlord Australand Property Group. Australand Property Group itself made a regulatory filing today, revealing that the price of the deal amounts to 2.6 billion Australian dollars (2.4 billion dollars). This is […] Read more

General Motors Co.’s share price up, posts May sales that surpass analysts’ estimates

General Motors Co. made an official e-mailed statement, revealing that it posted its best auto sales on a monthly basis in the U.S. The company joined a number of auto manufacturers, which also reported better-than-expected sales results in the previous month, due to increased customer demand for pickups and sport-utility cars. One of the analysts, […] Read more

Tesco Plc’ share price up, posts a decline in first-quarter sales, faces price war with discount chains

Tesco Plc, the largest grocery chain in the U.K., announced a 3.7% decline in its sales over the first financial quarter of the year. The announcement comes at a time when the company is facing a fierce price competition with discount rivals. The Chief Executive Officer of Tesco Plc – Mr. Philip Clarke said in […] Read more

AT&T Inc.’s share price down, expects to add more than 800 000 new subscribers, lifts sales forecast and reduces costs

AT&T Inc. explained that its acquisition of DirecTV will provide it with the opportunity to cut its TV content expenses, which is considered one of its largest video costs, by about 20%. The company also posted an increased 2014 revenue projection. The company made a regulatory filing yesterday, revealing that about 60% of its revenue […] Read more

Dai-ichi Life Insurance Co. Ltd’s share price up, to acquire Protective Life Corp. in a 5.7-billion-dollar deal

The second-biggest life insurer in Japan by premium revenue – Dai-ichi Life Insurance Co. Ltd revealed that it will acquire the US-based Protective Life Corp. The two companies made an official joint statement, explaining that the Japanese company will pay 582.2 billion yen (5.7 billion dollars) to acquire the US company. The acquisition is considered […] Read more

Tata Motors Ltd’s share price up, non-executive Vice Chairman Ravi Kant to retire, the company faces hard time in India

The largest auto manufacturer by revenue in India – Tata Motors Ltd. made an official statement that its non-executive vice chairman Mr. Ravi Kant has retired. The decision of Mr. Kant to step down comes in line with the policy of the auto maker, which requires its non-executive directors to retire once they turn 70. […] Read more

Foxtons Group Plc’ share price down, CEO Brown stepping down for “personal reasons” only eight months after the IPO

Foxtons Group Plc made an official statement today, revealing that its Chief Executive Officer – Mr. Michael Brown has decided to depart from the company for personal reasons. The announcement of his departure comes about eight months after the property broker organized its initial public offering. According to the companys statement, Mr. Michael Brown will […] Read more