Stock News

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

Barclays Plc’ share price down, to eliminate 100 jobs in its investment-banking and markets units in Asia and the Pacific

A person familiar with the process reported that the second-largest bank by assets in the U.K. – Barclays Plc plans to start cutting 100 jobs across its investment-banking and markets units in Asia and the Pacific until the end of the week. Recently, the British lender shared that it plans to reduce the number of […] Read more

Pimco Total Return Fund’s share price down, suffers 4.3 billion dollars in redemptions in May

According to an official e-mailed statement made by the U.S. research company Morningstar Inc., Pimco Total Return Fund, which is currently the biggest bond fund in the world and is run by Bill Gross, suffered a 4.3-billion-dollar loss in redemptions last month. One of the spokesmen of Pimco Total Return Fund – Mr. Mark Porterfield […] Read more

Apple Inc.’s share price down, unveils its priorities and new projects at the annual conference, praises programmers

The annual conference of Apple Inc. that took place in San Francisco yesterday, proves on the efforts of the companys Chief Executive Officer Mr. Tim Cook to prevent programmers from choosing some of its competitors such as Google Inc. The research Chief at Kantar Worldwide – Mrs. Carolina Milanesi commented on the companys performance for […] Read more

Pilgrim’s Pride Corp.’s share price up, boosts its initial offer for Hillshire Brands Co. to $55 per share

Pilgrims Pride Corp., 75% of which is being held by the world largest meat company JBS SA, intends to increase its offer for Hillshire Brands Co. According to a person with knowledge of the issue, the companys new offer amounts to 55 dollars per share and beats the 50-dollars-a-share bid made by Tyson Foods Inc. […] Read more

Det Norske Oljeselskap ASA’s share price up, to acquire the Norwegian unit of Marathon Oil Corp. in a 2.7-billion-dollar deal

The Chief Executive Officer of Det Norske Oljeselskap ASA – Mr. Karl Johnny Hersvik announced at a presentation today that the company is to acquire the Norwegian business of Marathon Oil Corp. in a transformational deal that is estimated at 2.7 billion dollars. The purchase is considered to be beneficial for the company and would […] Read more

Novartis AG’s share price down, appoints Bruno Strigini as chief of the company’s oncology unit

The Switzerland-based Novartis AG made an official statement, revealing that Mr. Bruno Strigini was appointed as head of the companys cancer unit. Mr. Stirgini, who is going to occupy the leading position at one of Novartis most important unit – the oncology division, is known for previously taking the position of president of the European […] Read more

Infosys Ltd’s share price up, more than ten top executives including Co-President B.G. Srinivas to leave the company

Infosys Ltd., the second-biggest exporter of software services in India, has been dealing with some problems over the past year. The company has faced certain difficulties after more than ten senior executives have left the company after its co-founder Mr. Narayana Murthy returned a year ago in an attempt to help the company revive its […] Read more