Articles by: Lyubomir Dimitrov

Facebook share price up, to enable money transfers through Messenger app

Facebook is enabling its U.S. user base to send money to each other through its Messenger application as the social network pushes forward with peer-to-peer money transactions. The Menlo Park, California-based company announced on Tuesday that the new feature to its instant messaging service is expected to be released in the U.S. during the coming […] Read more

Oracle share price up, results hit by robust dollar

Oracle Corp reported flat revenue for the fiscal third-quarter on Tuesday as the software company struggles to cope with the stronger dollar. The Redwood City, California-based company reported sales of $9.3 billion during the three months ended February 28, unchanged compared to the same period a year earlier. The company contributed the results to the […] Read more

Nintendo share price up, Super Mario goes mobile

Nintendo Co announced on Tuesday it had teamed up with mobile game developer DeNA Co to bring its iconic characters like Super Mario, to the world of smartphones and tablets. The Japanese game developer, best known for its home and handheld game consoles, brought a big surprise to the mobile world with the announcement that […] Read more

BHP share price up, recommends South32 spin-off to shareholders

BHP Billiton Ltd said on Tuesday that its board has recommended shareholders to vote in favor of the proposed demerger of South32 as the worlds largest miner tries to weather the storm of falling commodity prices. In August the company announced it would spin-off its nickel, aluminum, coal and other operations into a new company […] Read more

Apple share price down, to introduce online TV service in 2015

Apple Inc is planning to launch a new online TV service this fall after the technology behemoth completes a series of negotiations with media companies. The iPhone maker is close to striking deals with broadcasters, including CBS and Fox, in order to start offering a small bundle of channels, according to people with knowledge on […] Read more

Lenovo share price down, large shareholder seeks IPO

The biggest shareholder of Lenovo Group Ltd is aiming for up to $3-billion initial public offering in Hong Kong as soon as July, the Wall Street Journal reported on Monday. Beijing-based Legend Holdings, which has a colorful portfolio of investments ranging from real estate to agriculture, intends to apply for approval from the Hong Kong’s […] Read more

Air France-KLM share price down, worker unions postpone negotiations

Air France-KLM faces further difficulties in negotiating with its employees after union representatives announced that they would not attend a planned meeting on Monday. Following last years pilot strike, the airline has agreed to meet with worker unions, who represent pilots, cabin and maintenance employees, in order to discuss the companys five year proposal. The […] Read more

General Electric share price down, sells financial operations in Australia and New Zealand

General Electric Co announced on Monday it had agreed to sell its consumer-lending business in Australia and New Zealand to an investor group including Värde Partners and Deutsche bank. The company said it would sell its financial service unit, which is part of GE Capital in Australia and New Zealand, to Värde Partners, KKR and […] Read more