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SoftBank stock falls, company forced to sell core assets and 5% of domestic telco

May 21, 2020 11:42 am

SoftBank Group Corp stock continued to fall after the company’s share closed down 0.8% on Friday. As part of its plan to accumulate $41 billion by selling some of its assets, SoftBank announced it is going to sell 5% of its domestic telco SoftBank Corp. The deal is due to be closed on May 26 […] Read more

Lowe’s shares jump in premarket trading, same-store sales exceed expectations

May 20, 2020 1:26 pm

After Lowe’s has reported same-store sales that surpassed everyone’s expectations, the company’s stock jumped 6.1% in premarket trading Wednesday. Surveys show that analysts predicted that the earnings per share will be around $1.32, while the actual gain is estimated to be $1.77 per share. Meanwhile, the expected revenue of the company was $18.32 billion but […] Read more

Spotify shares close higher on Tuesday after exclusive podcast deal with Joe Rogan

May 20, 2020 8:18 am

On Tuesday, Spotify Technology SA announced that Joe Rogan’s brand new podcast will be available to stream on the platform. Spotify users will be able to listen to the podcast as of September 1 and, later this year, the show will become part of Spotify’s exclusive content. This deal brought the company a jump in […] Read more

Thyssenkrupp shares jump after talks with rivals for consolidating steel business

May 19, 2020 11:56 am

The German mega-conglomerate Thyssenkrupp is planning to slim down its business drastically in an attempt to cut down losses from the global coronavirus pandemic. Several conversations have revealed that the company is planning to sell some of its steel assets as it is struggling to handle the negative impact of COVID-19 on the business. Thyssenkrupp’s […] Read more

Sony shares jump as the company joins forces with Microsoft for innovative imaging chip

May 19, 2020 8:55 am

Sony is about to improve its latest imaging chip by incorporating Microsoft’s artificial intelligence technology. This will help Sony to further increase the quality of its products and allow an easier and more secure way to analyze video files. The improvements that Sony will introduce to its imaging chip will allow users to utilize AI […] Read more

French Group Total acquires some of Portugal’s EDP assets, European shares jump due to rebound in oil prices

May 18, 2020 2:25 pm

Total, a French energy group, will acquire a portion of Portugal’s EDP assets by buying a customer solar energy portfolio and two of EDP’s power plants, said the company on Monday. The entire purchase is estimated to cost €515 million ($556.9 million). The customer portfolio is composed of business-to-consumer (B2C) customers as well as two […] Read more

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

March 8, 2015 10:15 am

US-based online retailer Amazon.com 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