Stock News

Hewlett-Packard Co.’s share price down, announces up to 16 000 additional lay-offs in an attempt to restructure the company

Under the lead of its current Chief Executive Officer Mrs. Meg Whitman, Hewlett-Packard Co. has decided to cut more cobs in an attempt to turn back the company to profit in the conditions of a highly-competitive technology environment. The rapidly changing market has dragged the companys sales for a total of eleven consecutive quarters due […] Read more

Sony Corp.’s share price up, CEO Hirai promises to swing the company back to profit again by reducing costs and restructuring

The Chief Executive Officer of Sony Corp. – Mr. Kazuo Hirai once again promised to swing the company back to profit. Mr. Hirai shared the ambitious goal set by Sony to increase its operating profit three times by next fiscal year. As reported by the Wall Street Journal, Chief Executive Officer Hirai said in a […] Read more

Vivendi SA’s share price up, sells half of the remaining stake in Activision Blizzard Inc. worth about 850 million dollars

Vivendi SA made an official statement, revealing that it intends to sell about half of its remaining stake in Activision Blizzard Inc. The offering is estimated to more than 850 million dollars. The company also shared that the sale is going to be made under an existing agreement. The deal includes selling a total of […] Read more

SABMiller Plc’ share price up, posts increasing full-year profit due to strong performance in developing regions

SABMiller Plc also revealed its full-year earnings in the statement. As reported by the Wall Street Journal, Mr. Alan Clark, who is the current Chief Executive Officer of the company, said: “We have produced a resilient performance in the face of a number of headwinds”. Mr. Clark also added in the companys statement, which was […] Read more

Google Inc.’s share price up, says it may spend up to 30 billion dollars on overseas acquisitions to expand reach

Google Inc. made a disclosure in a letter to the U.S. regulatory authorities, saying that it may spend as much as 30 billion dollars on eventual acquisitions outside its home market. Recently, the company has concentrated on purchases into overseas markets and foreign businesses. The company wrote in its letter to the Securities and Exchange […] Read more

JD.com Inc. manages to raise 1.78 billion dollars in IPO, prices above expectations

The Chinese online retailer JD.com Inc., which has just had its initial public offering, has managed to raise 1.78 billion dollars. The result is higher than the initially expected and indicates that e-commerce companies in the country are subject to increased investors interest. The company was reported to be also selling shares to the biggest […] Read more

Lowe’s Companies Inc.’s share price down, posts first-quarter profit that surpasses analysts’ estimates

The second-biggest US home-improvement retailer – Lowes Companies Inc. made an official statement today, revealing its results for the first financial quarter of the year. The company posted profit for the three months that ended May 2nd, that surpassed analysts estimates, despite demand was weaker over the period, due to unfavourable weather conditions. Mr. Robert […] Read more

Twitter Inc.’s share price down, considers acquisition or partnership with several music startups to expand reach

According to people familiar with the process, Twitter Inc. has started talks to acquire or partner with several music startups as part of its strategy to focus on increasing its user growth. One of the people with knowledge of the matter, who asked not to be named because the information is still not public, reported […] Read more