Stock News

Coca-Cola share price up, reports better-than-expected results

Coca-Cola Co reported on Tuesday profit above expectations as the worlds biggest beverage company benefited from larger volumes and cost cuts. Net income for the three months ended December 31 stood at $770 million, or $0.17 per share, compared to $1.71 billion, or $0.38 cents a share, a year ago. Excluding some items, per-share earnings […] Read more

Metro share price down, reports ruble-hit quarterly results

Metro AG reported on Tuesday quarterly results in line with expectations after performance was hit by the sharp decline of the Russian ruble against the euro. Germany’s largest retailer reported a 4.6% decline in its core earnings before interest and tax to €1.02 billion for the three months ended December, or the companys first quarter, […] Read more

Tesco share price up, returns to sales growth

Tesco Plc is showing signs of improvement following the lead of Dave Lewis as sales numbers increased for the first time since January 2014, according to industry data released on Tuesday. Sales at Britains largest supermarket chain climbed 0.3% in the 12 weeks ended February 1 compared to the same period of 2014, said market […] Read more

Microsoft share price up, agrees to end contract dispute with Samsung

Microsoft Corp and Samsung Electronic Co announced on Monday they have agreed to settle a contract dispute over the South Korean giants use of the Android operating system. Although Google owns the Android platform, some technologies used in the operating system fall under Microsofts patents. For this reason every smartphone manufacturer is obligated to pay […] Read more

Qualcomm share price up, agrees to pay $975 million fine to China

Qualcomm Inc announced on Monday that it has agreed to pay a fine of $975 million following more than a year-long investigation from Chinese antitrust regulators. The San Diego-based company said it was found in breach of anti-monopoly law by the National Development and Reform Commission and it agreed to comply with the penalties, which […] Read more

McDonald’s share price down, reports weak January sales

McDonald’s Corp reported disappointing sales in January as better performance in Europe and the US could not offset the fallout of food scandals in China and Japan. The worlds largest restaurant chain stated a 1.8% decline in global comparable sales, worse then projections of 1.2% drop in worldwide same-restaurant sales. The figure also represents the […] Read more

HSBC share price down, admits aiding clients avoid taxes

The largest bank in Europe HSBC Holdings Plcs private-banking arm has been linked to helping wealthy clients around the world avoid millions of taxes. Hervé Falciani, a former IT expert at HSBCs Swiss operations, has leaked secret documents, stolen in 2007, to several news organizations which outline ties between the bank and international criminals. According […] Read more

Nissan share price up, projects higher profit on weak yen

Nissan Motor Co lifted its full-year earnings guidance on Monday as favorable exchange rates and strong US sales helped the Japanese company to overcome a slowdown at home. The Nishi-ku, Yokohama-based company projected net income for the financial year ending March to stand at ¥420 billion, up from its previous forecast of ¥405 billion. The […] Read more

Alibaba share price up, acquires part of Chinese smartphone maker Meizu

Alibaba Group Holding Ltd agreed to acquire a minority stake in Chinese smartphone maker Meizu Technology Corp for $590 million, marking another push from the e-commerce behemoth into the mobile industry. Although this is the first time Alibaba has directly purchased a stake in a smartphone manufacturer, the deal falls under the companys plan to […] Read more

Harris Corp. share price up, to acquire Exelis Inc. in a $4.75-billion deal

Harris Corp. announced that it reached an agreement to acquire Exelis Inc. in a deal estimated at $4.75 billion, creating the 11th biggest Federal contractor as the Pentagons budget stabilizes. The Chief Executive Officer of Harris – Mr. William Brown said a statement: “The combination of the two companies’ highly complementary core franchises creates a […] Read more