Stock News

Rolls-Royce share price down, sees lower profit in 2015

Rolls-Royce Holdings Plc warned on Friday that full-year earnings may decline as much as 14% this year as the company reported lower annual profit amid falling oil prices. The world’s second-largest maker of aircraft engines said in statement it expects profit before tax in 2015 to stand between £1 400 million and £1 550 million. […] Read more

Qualcomm share price down, faces South Korean antitrust investigation

Qualcomm Inc became a subject to yet another investigation, this time from South Korean authorities, following the chip designers record fine in China. According to a person familiar with the situation, Samsung Electronics, LG Electronics and Pantech, also a smartphone maker, complained to the Fair Trade Commission about Qualcomms current royalty rates, claiming they are […] Read more

Total share price up, reports quarterly loss on lower oil prices

Lower oil prices claimed another victim on Thursday as Frances Total reported a net loss of $5.66 billion in the fourth quarter due to significant asset writedowns. The company took impairment charges with a combined value of $6.5 billion, related to its Canadian oil sands business, its refineries in Europe and its US shale operations. […] Read more

Rio Tinto share price up, announces $2 billion share buyback after beating estimates

Rio Tinto Plc reported Thursday full-year profit above expectations, driven by higher production and cost cuts, and announced a $2 billion share buyback program. The worlds second-largest miner stated underlying earnings of $9.3 billion for the 12 months ended December 31, down 9% compared to last years result of $10.2 billion. The figure also surpassed […] Read more

Renault share price up, beats expectations on strong European demand

Renault SA reported Thursday a significant increase in full-year net profit after the French carmaker benefited from robust European sales and cost cuts. The company reported 2014 net profit of €1.9 billion, more than tripled compared to the €586 million in the previous year. The figure also beat the €1.8 billion projection of the 20 […] Read more

Tesla share price down, reports quarterly results below expectations

Tesla Motors Inc reported bigger-than-expected loss in the fourth quarter, but Chief Executive Elon Musk projected better performance in the current year. For the three months ended December 31, the electric carmaker reported a loss of $0.13 per share, excluding certain items. In comparison analysts had projected a profit of $0.32 per share. The Palo […] Read more

Facebook share price up, introduces ThreatExchange

Facebook launched on Wednesday a social platform for companies aimed at exchanging information about hacker threats and possible attacks. The worlds biggest social network introduced it latest project dubbed “ThreatExchange” which will aid companies in the war against cyber hackers. During the development period Facebook collaborated with Tumblr, Yahoo, Pinterest and Twitter, which provided feedback […] Read more

Sky share price down, secures Premier League rights for £4.2 billion

Sky Plc kept the best Premier League soccer rights during the latest action, but managed to do so by launching a record bid, sending its shares 5% down during early trading on Wednesday. Britains pay-TV company agreed to pay £4.2 billion over three years for the exclusive right to broadcast live soccer matches from 2016 […] Read more

ARM share price up, reports strong full-year results on robust iPhone sales

British microchip designer ARM Holdings reported double-digit growth in sales and profit for the full-year, boosted by strong demand for Apples iPhone 6. On Wednesday the Cambridge, England-based company reported a 2014 revenue of £795 million ($1.29 billion), up 16% compared to the previous 12-month period. Profit before tax climbed 13% to £411 million, or […] Read more

Heineken share price up, boosts dividend on strong profit growth

Heineken NV projected slower sales and earnings growth for this year, after strong demand for its high-margin products boosted results in 2014, prompting the company to lift its dividend. The worlds third-largest brewer said sales and profit will continue to expand in 2015, despite difficult trading conditions in developing markets and severe price competition elsewhere. […] Read more