Stock News

Staples share price down, states a loss in the fourth quarter

Staples Inc reported on Friday a quarterly loss due to lower customer demand, the stronger dollar and a charge related to its overseas units. For the three months ended January 31 the office-supply retail chain stated a net loss of $260.35 million, or $0.41 a share, compared to a profit of $212.4 million, or $0.33 […] Read more

Thomas Cook share price up, teams up with China’s Fosun

Chinas Fosun International has purchased 5% stake in the British travel company Thomas Cook, the companies announced on Friday in separate statements. The largest private company in China said it had paid 125.75 pence a share or a total of £91.8 million for the Thomas Cook stake in, as it added another company of to […] Read more

Google share price up, latest service to work only with Nexus 6

The new wireless service from Google Inc is expected to only be compatible with the technology giants latest smartphone device, the Wall Street Journal reported. Googles new service, which would allow its users to switch between Wi-Fi and cellular networks, will work on the companys Nexus 6, the Journal said citing people familiar with the […] Read more

SAP share price down, to reduce worker numbers by 2 250

SAP SE plans to reduce its workforce by around 3% as Europe’s largest software developer continue to shift its focus on providing services over the Internet. Around 2 250 of the companys total of 74 000 employees will part ways with SAP, according to Stefan Ries, head of human resources at the company. Mr. Rise […] Read more

Daimler share price up, to expand Mercedes plant in North Carolina

Daimler AG is set to invest $500 million in the expansion of its manufacturing facility in South Carolina, according to people familiar with the matter. The factory is set to assemble Mercedes-Benz Sprinter, or one of the German carmakers popular mid-size cargo minivans, only using parts that were made in the U.S. Currently the Charleston […] Read more

Betfair share price up, lifts full-year forecast on robust performance

Betfair Group Plc lifted its full-year profit guidance on Thursday as the online gambling company reported another strong quarter driven by increased demand. The company reported a 20% growth in revenue to £114.6 million in the three months ended January 31, marking the fourth straight quarter of double-digit increases. The strong performance came even as […] Read more

Costco share price up, posts better results on tax benefit

Costco Wholesale Corp reported better-than-anticipated quarterly performance on Thursday as a tax benefit more than offset the negative impact of a ongoing tax matter. The second-largest retailer in the U.S., lagging behind Wal-Mart Stores, reported a net income of $598 million, or $1.35 a share, for the three months ended February 15, compared to $463 […] Read more

Aviva share price up, reports 6% increase in operating profit ahead of Friends Life deal

Aviva Plc reported higher full-year operating profit and boosted its dividend as the insurer saw better performance of its struggling businesses, but Chief Executive Mark Wilson warned that there is still long way to go. Operating profit for the twelve months ended December came in at £2.17 billion, up 6% compared to the previous year […] Read more

Adidas share price up, projects higher net income, sales in 2015

Adidas AG reported on Thursday a net loss in the latest quarter but the German sportswear group projected strong net income growth in the year ahead. The worlds second-largest maker of sportswear, lagging behind Nike, stated a net loss of €140 million for the three months ended December, compared to a loss of €10 million […] Read more

AbbVie share price down, to acquire Pharmacyclics for $21 billion

AbbVie Inc. announced it will purchase Pharmacyclics and its blockbuster cancer drug Imbruvica for about $21 million as the Chicago-based company looks to strengthened its presence in oncology. In a statement issued late Wednesday, AbbVie said it had agreed to pay $261.25 for each share of Pharmacyclics, following the approval of both boards of directors. […] Read more