Inc share price down, to open a store on Alibaba’s Tmall

March 8, 2015 10:15 am
US-based online retailer Inc. has been trying for a decade to expand in China and tap the Asian countrys booming e-commerce. Now the company has embarked on a new strategy to open a store in the marketplace of its local rival Alibaba Group Holding, while it also maintains its own e-commerce website in China. […] Read more

Volkswagen AG share price up, to reveal plans of Mexican plant expansion

March 7, 2015 10:52 am
According to a person with knowledge of the matter, Volkswagen AG is expected to announce next week a $1-billion expansion of its Mexican Puebla plant to build a new version of its Tiguan SUV for the US Market. The investment is considered part of the German automakers strategy to revive its US business by offering […] Read more

Citigroup Inc. share price down, sells OneMain to Springleaf in a $4.25-billion deal

March 4, 2015 3:34 pm
Citigroup Inc. reached an agreement to sell its OneMain financial arm to Springleaf Holdings Inc. in a $4.25-billion cash deal, creating the largest US subprime lender. The transaction is expected to be finalized in the third quarter of the fiscal year and is subject to approval by US regulatory authorities. According to Citigroup, the disposal […] Read more

BASF SE share price down, Q4 profit tops projections

March 1, 2015 1:06 pm
The worlds biggest chemical manufacturer – BASF SE – reported on Friday that fourth-quarter profit beat analysts projections, driven by strong performance in the chemicals division and lower oil prices. According to the companys statement, earnings before interest, tax and one-time items rose by 2.8% to €1.46 billion ($1.64 million), topping analysts forecasts of €1.38 […] Read more

Deere & Co share price up, trims annual profit outlook on slowing farm equipment sales

February 22, 2015 8:06 am
The worlds biggest farm equipment manufacturer – Deere & Co. – cut its full-year profit projection for FY2015 due to lower farmer spending on high-horsepower equipment. The U.S.-based company said net income is expected to amount to about $1.8 billion for the financial year ending October 2015, revising down its previous forecast of $1.9 billion. […] Read more

Danone SA share price up, projects difficult 2015

February 21, 2015 10:16 am
Danone SA warned on Friday that another tough year lies ahead and projected no gain in sales growth after in 2014 its fresh-dairy division reported the smallest increase in revenue in more than ten years. According to Danones statement, the companys sales are expected to increase in the range from 4% to 5% on a […] Read more

ThyssenKrupp AG share price down, records Q1 net profit on lower costs

February 15, 2015 11:24 am
The biggest steel manufacturer in Germany – ThyssenKrupp AG reported a small profit for the first three months of the fiscal year and reaffirmed its 2015 guidance. According to ThyssenKrupps statement, net income over the quarter ended on December 31st amounted to €50 million, or 9 cents per share. In comparison, it posted a net […] Read more