Stock News

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

Barclays share price up, fires Chief Executive Antony Jenkins

Barclays Plc announced on Wednesday that Antony Jenkins, chief executive officer, would leave the lender after losing the confidence of its non-executive directors. The British bank said a replacement for Mr. Jenkins was underway and that Chairman John McFarlane will act as interim executive chairman before a successor is appointed. Pending regulatory approval, the change […] Read more

European stocks plummet a third day as the Greek reject austerity measures

European shares plunged sharply on Monday after the Greek vote in regard to the bailout conditions proposed by the countrys creditors in late June. On Sunday it became clear that 61% of the Greek voters said a sonorous “No” to austerity measures, which the European Central Bank, the International Monetary Fund and the European Commission […] Read more

Aetna share price down, to buy Humana in largest insurance deal

Health insurer Aetna Inc said it has agreed to acquire Humana Inc, the second-largest provider of private Medicare insurance, for $37 billion in cash and stock as it seeks to expand its health-care coverage. The combination will bring Aetna close to Anthem Incs No.2 insurer spot by membership, and would nearly triple its Medicare Advantage […] Read more

Electrolux share price plunges, US DOJ sues to stop acquisition of GE appliance unit

The US Department of Justice filed a lawsuit on Wednesday to block Swedens Electrolux AB from buying General Electrics appliances division for $3.3 billion, citing worries of weaker competition. The European company agreed to buy the unit last year in a mutually beneficial deal as Electrolux seeks to expand its foothold in the US market […] Read more

Toyota share price down, accepts resignation of top female executive after arrest

Toyota Motor Corp announced on Wednesday it has accepted the resignation of Julie Hamp, its first female managing officer, following her arrest in Japan two weeks ago on suspicion of illegally importing a prescription drug from the US. Ms. Hamp, who in April was appointed as chief communications officer as part of Toyotas push to […] Read more

Sony share price tumbles amid $3.6-billion stock, bond offering

Japans Sony Corp announced on Tuesday plans to raise ¥440 billion ($3.6 billion) via a convertible bond offering and its first public stock issuance in 26 years to bolster capacity in promising growth areas. The electronics company said it expects to raise ¥322 billion through the share offering, capitalizing on the over 100% year-on-year rally […] Read more

Tesco share price up, reports smaller-than-expected Q1 sales drop

Britains biggest supermarket chain Tesco Plc announced on Friday a further decline in sales during the first three months of the current fiscal year but performance topped expectations, sending signs of a fragile recovery after a record annual loss. Tesco said that sales at stores open for at least one year fell by 1.3% in […] Read more

Toyota, Nissan share price down, expand Takata airbag recalls

Japanese carmakers Toyota Motor Corp and Nissan Motor Co said on Thursday they are expanding previously issued recalls in North America tied to defective Takata airbags to the rest of the world. Mitsubishi announced recalls as well. Tokyo-based Takata Corp agreed last month to double a US recall to a record of more than 30 […] Read more

Ahold share price up, confirms merger with Delhaize to challenge Walmart

Dutch grocery chain Koninklijke Ahold NV has agreed to merge with Belgian peer Delhaize Group SA, the two confirmed on Wednesday, creating a global top 20 retailer and one of the largest in the US to challenge the dominance of Walmart. A combination between the two grocery chains would create the fourth-largest retailer on home […] Read more