Stock News

Valeant Pharmaceuticals share price up, raises takeover bid for Allergan to $53 billion

Valeant Pharmaceuticals International Inc raised its takeover offer for Botox maker Allergan Inc for the second time this week in an ongoing effort to secure a deal that would value Allergan at about $53.3 billion. Valeant has teamed up with Bill Ackman, whose hedge fund Pershing Square Capital Management LP owns a 9.7% stake in […] Read more

Siemens AG’s share price down, plans to dismiss almost 12 000 employees due to a cost-cutting strategy

The Chief Executive Officer of Siemens AG – Mr. Joe Kaeser announced at a webcast conference that the company, which is currently the biggest engineering enterprise on the territory of Europe, will cut at least 11 600 jobs. The step is needed, because the company attempts to reduce its expenses by about 1 billion euros […] Read more

Reliance Industries Ltd’s share price down, to acquire stakes in two telecom-and media companies in a 678-million-dollar deal

Reliance Industries Ltd., which is owned by Mr. Mukesh Ambani, said in an exchange filing that it has reached an agreement to purchase the Indian partner of Viacom Inc. The deal, which is estimated to 40 billion rupees (678 million dollars) is expected to provide Reliance Industries with a huge library of both news and […] Read more

Google Inc.’s share price up, launches a special website as a response to the courts’ ruling about the “right to be forgotten”

Google Inc. launched a special service and formed an Internet committee of experts in order to provide its European customers with the opportunity to make requests for removing certain materials. This is the first step the company makes in order to comply with the court ruling related to the “right to be forgotten”. One of […] Read more

Cheniere Energy Inc.’s share price up, faces easier regulatory approval procedures, tries to impose a new pay plan

Cheniere Energy Inc., which is on the way to becoming the first company that exports liquefied natural gas produced over the shale boom in the U.S., is facing a record growth after regulatory proposal to make the projects approval procedure simpler. Currently, Cheniere is the only company, whose liquefied natural gas project has been approved […] Read more

Tata Motors Ltd’s share price down, posts its fourth quarter results, profit misses analysts’ estimates

The largest auto manufacturer in India – Tata Motors Ltd made an official statement yesterday, revealing its fourth quarter results. The companys profit for the period missed analysts estimates due to losses in Tatas local business that eroded the gains generated from its Jaguar Land Rover business. As reported by the Wall Street Journal, the […] Read more

Ford Motor Co.’s share price up, to recall 1.1 million sport-utility vehicles due to sensor and electronic flaws

Ford Motor Co., the second-largest auto manufacturer in the U.S., made an official statement today, revealing that it is to recall about 1.1 million sport-utility cars in North America in order to repair sensor and electronic flaws. The vehicle withdrawal is being made for the company to replace parts like torque sensors and steering columns […] Read more

Westfield Group’s share price down, Chairman Lowy’s plans for split postponed

According to Frank Lowy, founder of the largest shopping mall operator in Australia, Westfield Group should separate its global and local businesses. Mr. Lowys plan is to divide the businesses into two separate companies, but his proposal was delayed by the board of Westfield Retail Trust (WRT) because the plan is said to have greatly […] Read more

Costco Wholesale Corp.’s share price up, posts third-quarter profit, which trails analysts’ forecasts despite increasing sales

Costco Wholesale Corp., the biggest US warehouse-club chain announced its results for the third quarter of the current financial year. The company, which sells a variety of products, including groceries and other items in bulk, made an official statement, posting its profit for the three months ended May 11 that missed analysts expectations despite the […] Read more

Man Group Plc’ share price up, announces acquisition negotiations with Numeric Holdings LLC to expand reach

The biggest publicly traded hedge-fund manager in the world – Man Group Plc made an official statement today, revealing that it is currently negotiating with Numeric Holdings LLC. The company, however, explained in its announcement that the talks are still “ongoing” and may not result in finalizing a deal. Numeric was founded in 1989 by […] Read more