Stock News

EasyJet share price up, Q3 revenue tops forecasts on holiday demand

British low-cost airline easyJet Plc announced on Wednesday a smaller-than-expected drop in third-quarter revenue as more holiday traveling to the beach partially offset hurdles the company had warned about in a guidance released in May. Europes second-biggest budget carrier said it achieved good commercial performance in the three months ended June 30th, with revenue per […] Read more

IBM share price drops as Q2 revenue extends streak of declines

International Business Machines Corp, the worlds biggest technology services company, reported on Monday a 13th consecutive drop in quarterly revenue which was weighed down by divestment and a strong dollar, sending shares of the company falling in after-market trading. IBM said that revenue from continuing operations tumbled 13% to $20.8 billion in the three months […] Read more

Huawei first-half revenue surges 30% despite slowing Chinese economy

Chinese telecoms giant Huawei reported on Monday its best revenue growth in more than five years, helped by solid smartphone sales and unaffected by sluggish economic growth at home. The privately held company said that unaudited first-half revenue jumped by an annualized 30% to CNY 175.9 billion ($28.3 billion). It did not disclose its net […] Read more

General Electric share price up, Q2 results top estimates driven by industrial growth

General Electric Co reported on Friday better-than-expected revenue and adjusted profit in the second quarter as upbeat performance in its power division offset a continued decline in oil and gas. The US conglomerate reported a 5% jump in operating profit from its industrial segment to $4.4 billion on the back of flat revenue at $26.9 […] Read more

Intel share price up, Q2 revenue tops estimates as data center business expands

Intel Corp reported a drop in second-quarter profit and revenue on Wednesday but results topped projections and the company forecast a much better performance than analysts expected for the third quarter. The chip maker said that revenue in the three months ended June 27th dropped 4.6% to $13.195 billion from $13.831 billion a year earlier, […] Read more

Toyota share price up, recalls 625 000 hybrid cars over software glitch

Toyota Motor Corp, the worlds biggest automaker, announced on Wednesday it will recall 625 000 hybrid vehicles globally to fix a software glitch that in rare cases could shut down the cars hybrid system. The latest recall action comes after the Japanese car maker pulled back almost 2.9 million vehicles in late June to replace […] Read more

Micron share price soars, receives a $23-billion buyout bid from China’s Unigroup

State-owned Tsinghua Unigroup has prepared a $23-billion offer to acquire US memory chip maker Micron Technology Inc, according to people familiar with the matter, which could be the biggest foreign takeover by a Chinese company. Unigroup said on Tuesday that a deal was still “under discussion” and that it could pay $21 per Micron share, […] Read more

General Motors share price up, recalls 155 000 vehicles in India

General Motors Co announced on Monday it will recall 155 000 Chevrolet vehicles in India starting next week to fix a faulty wiring in a remote keyless entry part. The recall, the companys biggest in the country, will cover the Chevrolet Spark and Beat hatchbacks and the Chevrolet Enjoy minivan. It affects certain vehicles manufactured […] Read more

Microsoft share price steady, cuts 7 800 jobs and writes down most of Nokia acquisition value

Microsoft Corp acknowledged on Wednesday its failure to become one of the smartphone worlds leading players little over a year after its controversial acquisition of Nokias handset unit. The software maker announced it would slash 7 800 jobs, or nearly 7% of its total headcount, and write down $7.6 billion related to its Nokia phone […] Read more