Articles by: Lyubomir Dimitrov

International Business Machines Corp. share price down, CEO Rometty drops five-year target as revenue and profit fall

International Business Machines Corp. reported a decrease in third-quarter sales and net income as the company faces difficulties shifting to cloud technology. On Monday IBM released its results for the three months ended September 30. The company stated a 4% decline in revenue, down to $22.4 billion, while net income fell to $18 million, or […] Read more

Canadian Pacific Railway Ltd. share price down, ends merger negotiations with CSX

On Monday Canadian Pacific Railway Ltd. reported it has ended exploratory talks with CSX Corp. regarding a possible merger, eliminating the option of forming a transcontinental railroad and dismissing plans for further discussions. Canadian Pacific didnt give the exact reason why the company has given up on the merger, but strongly hinted that regulatory concerns […] Read more

Apple Inc. share price up, launches Apple Pay

This Monday Apple Inc. launched Apple Pay in the U.S., its new digital payment service, as the phone maker takes on a new market. The iPhone has already taken the place of many devices, including music players, GPS systems, watches, cameras, calendars and many more. Now the tech-giant found another target, the wallet. With the […] Read more

Adidas AG share price up, receives an offer for its Reebok unit

A group of investors including Hong Kong-based Jynwel Capital and funds related to the Abu Dhabi government has made an offer to buy Adidas AGs Reebok unit. Jynwel Capital, owned by Jho Low, and funds connected to the government of Abu Dhabi planned to send a letter to Adidas directors including an offer to purchase […] Read more

Ferrovial SA share price steady, makes a takeover bid for Transfield Services Ltd.

On Monday Australias Transfield said it had received a takeover bid from Spanish infrastructure group Ferrovial. The Spanish group has offered A$1.95 per share for the Australian company, valuing it at A$1 billion. Transfield management advised shareholders to restrain from action regarding the offer from Ferrovial. Chairman of the Sydney-based company, Diane Smith-Gander said: “The […] Read more

SAP SE share price down, Q3 net profit tops estimates, trims yearly outlook

On Monday SAP SE cut down its yearly earnings forecast and reported an increase in Q3 net profit as more customers preferred purchasing products online rather than in conventional packages. The worlds largest supplier of software business solutions predicted yearly operating profit for 2014 to be in the range of €5.6 billion to €5.8 billion. […] Read more

UnitedHealth share price up, posts upbeat Q3 profits and raises full-year forecast

UnitedHealth Group Inc., the biggest US health insurance company by sales, said third-quarter profit topped analysts estimates as more consumers chose to sign up for Medicaid under Obamacare. The Minnesota-based company said third-quarter revenue grew 7%, up to $32 billion year-to-year. Net income also rose 7% to $1.63 per share, surpassing predictions of $1.53 earnings […] Read more

Airbus Group NV share price up, announces cut of A330 production in 2015

Airbus Group NV said it will cut production of its A330 twin-engine jet in 2015 in an indication that demand for the long-range plane is insufficient to sustain its current construction rate. On Friday the Toulouse-based company said it will reduce the build-rate of its A330 model to nine per month in the fourth quarter […] Read more

Tata Consultancy Services Ltd share price down, reports disappointing second-quarter results

On Thursday Indias largest IT group by capitalization announced an increase in net profits below analysts projection, which caused a sharp drop in shares. “The expectations from Tata Consultancy were very high after Infosys posted strong numbers, so the company missing estimates has come as a disappointment,” said Sarabjit Kour Nangra, vice president of research […] Read more

Advanced Micro Devices Inc share price up, plans to cut workforce

Advanced Micro Devices Inc. announced layoffs with the new CEO wasting little time to cut expenses as the chipmaker struggles to expand beyond its core personal computer market. The Sunnyvale, California-based company announced on Thursday a 7% employee trim, a week after Lisa Su, Chief Operating Officer, took Rory Reads place as Chief Executive, a […] Read more