Stock News

Google share price up, CFO set to retire

Google Inc announced on Tuesday that Chief Financial Officer Patrick Pichette is retiring, but is set to stay with the worlds largest online search engine until a replacement is found. Mr. Pichette, 52 years old, is leavings the position after six and a half years and Google expects to find a suitable successor within six […] Read more

Chevron share price up, projects slower production growth on lower spending

Chevron Corp projected a major reduction in production growth by the end of the decade as a results from the less planned capital expenditure, which in turn is aimed at countering lower oil prices. During a presentation to analysts in New York on Tuesday, the oil giants Chief Executive John Watson said the companys production […] Read more

Verisk share price down, to acquire Wood Mackenzie for £1.85 billion

Verisk Analytics Inc announced on Tuesday that it will purchase privately held Wood Mackenzie in a deal that values the energy research and consultancy group at £1.85 billion. The New Jersey-based company said it had reached an agreement with private-equity firm Hellman & Friedman, which acquired a majority stake in Wood Mackenzie in 2012 for […] Read more

Qualcomm share price up, announces $15 billion share buyback program, lifts dividend

Qualcomm Inc announced on Monday a plan aimed at a “major increase” in the companys capital return program. The largest manufacturer of chips used in smartphones said its board has approved up to $15 billion for its new stock repurchase program. Qualcomm said that the program will replace its previous plan, which had $2.1 billion […] Read more

Apple share price down, provides additional details around Apple Watch

Apple Inc unveiled details around its latest device, highlighting daily uses like meetings reminders, exchange of short messages, taxi calling and many others. On Monday the iPhone maker disclosed additional information about its Apple Watch, including designs, prices rages and performance numbers. The technology giant touched on the importance of the devices overall design, which […] Read more

Alcoa share price down, to acquire RTI International Metals for $1.5 billion

Alcoa Inc announced on Monday it would bolster its business portfolio by acquiring titanium supplier RTI International Metals Inc as the metals company sticks with its bet on the aerospace industry. The New York-based company said the all-stock deal has an enterprise value of $1.5 billion and for each of its shares RTI investors will […] Read more

General Motors share price up, to settle with activist investor Wilson

General Motors Co is expected to announce a share-buyback program on Monday in order to avoid an eventual proxy fight with activist investor Harry J. Wilson, who has been pushing for a seat on the carmakers board, the Wall Street Journal reported. Although the exact size of the buyback remains unknown it is expected to […] Read more

Tesla share price up, to cut jobs in China amid falling sales

Tesla Motors Inc confirmed on Monday it will reduce its workforce in China as the electric carmaker continues with its restructuring efforts to combat sluggish sales. Gary Tao, a spokesman for the Palo Alto, California-based company said that Tesla will part ways with an undisclosed amount of employees in order to create a “stronger and […] Read more

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

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

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