Stock News

BAE share price down, profit falls amid lower defense spending

BAE System Plc announced on Thursday a 12% decline in full-year profit as Europe’s biggest defense company suffered amid lower military spending. The London-based company said underlying earnings before interest, taxes, and amortization dropped to £1.70 billion in 2014 compared to the £1.93 billion stated in the prior period. Revenue for the year slided 8.5% […] Read more

Barrick share price up, to cut its debt by $3 billion in 2015

Barrick Gold Corp announced on Wednesday it plans to reduce its net debt by more than $3 billion by the of this year, party by disposing of two of its mines. The worlds largest gold producer said it intends to start a process to sell its Cowal mine in Australia and the Porgera joint-venture between […] Read more

Actavis share price down, sees higher earnings in 2015

Actavis Plc announced a wider loss on Wednesday but projected higher earnings in the year ahead on estimations of robust demand for its new products. The company reported a net loss of $732.9 million, or $2.76 a share, for the three months ended December 31 compared with $148.4 million below the zero mark in the […] Read more

Carlsberg share price down, CEO to step down amid falling earnings

Carlsberg A/S announced changes at the helm as the worlds fourth-biggest brewer projected lower profit in the year ahead on problems in Russia and Ukraine. Chief Executive Jorgen Buhl Rasmussen will step down from the lead position and be replaced by Cees ’t Hart, marking the first non-Danish CEO since the company was established in […] Read more

HSBC share price up, Swiss offices raided by authorities

HSBC Holdings Plcs private bank offices were searched by authorities on Wednesday as a part of an investigation over allegations of money laundering. Genevas public prosecutor said in a statement that it have launched an investigation in relation to the recent “public disclosures”. The raid began early on Wednesday and it was led by Attorney […] Read more

Alibaba share price up, challenges Tencent over “hong bao”

Alibaba Group Holding Ltd is again challenging rival Tencent, this time for control over the “red packets” that Chinese people usually exchange on special occasions, including the Lunar New Year. Last year Tencent introduced an application that enables its users to send virtual red envelopes to loved ones as the company attempted to upgrade the […] Read more

Sony share price up, unveils new mid-term strategy

Sony Corp unveiled on Wednesday a mid-term strategy aimed at boosting earnings over the next three years as the company focuses on entertainment, games and image sensors. The Tokyo-based company projected to reach an operating profit of ¥500 billion in the fiscal year ending March 31, 2018. The figure compares with an estimate for this […] Read more

Goodyear share price up, profit skyrockets on tax benefit

Goodyear Tire & Rubber Co reported on Tuesday a significant increase in quarterly profit driven by a one-time tax benefit, which made up for lower European sales amid warmer winter. Net income for the three months stood at $2.13 billion, or $7.68 a share, compared with a profit of $228 million ,or $0.84 a share, […] Read more

TNT Express share price down, reports quarterly loss on restructuring costs

TNT Express NV swung to a loss in the fourth quarter and projected tougher competition in its major markets to persist during the year ahead. The Dutch logistics company reported net loss of €137 million in the three months to December compared to a positive result of €32 million a year ago. Operating performance stood […] Read more

Orange share price down, sees earnings fall in 2015

Orange SA projected on Tuesday lower earnings in the year ahead as the telecoms operator faces severe competition at home, but promised to keep its dividend stable via cost reductions. Europes largest mobile operator estimated it would deliver between €11.9 billion and €12.1 billion in earnings before interest, taxes, depreciation and amortization during 2015. However, […] Read more