Stock News

Siemens AG share price down, eliminates 7 800 jobs to complete restructuring

Siemens AG, Europes largest engineering company, announced that it intends to cut around 7 800 jobs, representing about 2% of its global workforce. The layoffs come as a finishing touch to Siemens CEO Mr. Joe Kaesers restructuring program aimed at streamlining operations to cut expenses and boost profitability. According to the company’s statement, about 3 300 of […] Read more

Verizon share price up, sells certain landline assets, cell towers

Verizon Communications agreed to sell around a quarter of its telephone and internet operations in two separate deals with a joint value of $15.6 billion, as the company focuses on its wireless business. The company announced on Thursday it will sell its local wireline phone operations in California, Florida and Texas to Frontier Communications in […] Read more

Alcatel-Lucent share price up, sees positive free cash flow in 2015

Alcatel-Lucent SA reported another quarter of improved margins as performance benefited from cost cuts and strong results from the French telecoms equipment manufacturers internet routing business. The Paris-based company reported a net income of €271 million, or €0.08 a share, for the three months ended December 31, compared to €134 million, or €0.05 cents a […] Read more

HTC share price up, sees more revenue growth in 2015

HTC Corp projected on Friday a further revenue increase in 2015 after the Taiwanese smartphone maker posted its first quarter of revenue growth in more than three years. For the three months ending March 31 HTC projected revenue to range between 41.5 billion New Taiwan dollars and NT$45.0 billion, with the middle of the projection […] Read more

Statoil share price up, cuts 2015 capital expenditure by $2 billion

Statoil ASA said on Friday it would reduce spending in 2015 and boost cost cuts as Norway’s largest energy group reported fourth-quarter net loss. For the three months ended December the government-controlled company reported a net loss of NOK 8.9 billion. The figure compares with a net profit of NOK 14.8 billion during the same […] Read more

Twitter share price up, revenue doubles despite lower user growth

Twitter Inc reported on Thursday performance above expectations even as the social media company signed up users at a slower rate during the fourth quarter. The company said it added 4 million new users to a total 288 million monthly active customers in the three months ended December 31, or 1.4% higher compared to the […] Read more

Pfizer share price up, to purchase Hospira in $17 billion deal

Pfizer Inc agreed to acquire Hospira, provider of injectable drugs and infusion technologies, for around $17 billion, marking the drugmakers first big deal since its failed takeover of AstraZeneca. Pfizer will pay $90 per Hospira share, the New York-based company said in a statement released on Thursday. The price represents 39% premium to the Illinois-based […] Read more

Daimler share price up, projects future growth on Mercedes

Daimler AG projected higher demand for its Mercedes brand in China, that would boost earnings in 2015, as the carmaker reported its fourth quarter results. Chief Executive Dieter Zetsche said Daimlers operating profit will jump at least 10% in 2015, boosted by more than 5% increase in sales. During recent years the company has struggled […] Read more

AstraZeneca share price down, to boost its respiratory drug portfolio via Actavis deal

AstraZeneca Plc announced on Thursday it would buy the rights to Actavis’ branded respiratory drug business as it reported disappointing quarterly performance. Britains second-largest drugmaker said it would pay an initial $600 million in order to distribute Actavis’ Tudorza Pressair and Daliresp drugs in the US and Canada. The two drugs generated around $230 million […] Read more

Vodafone share price up, reports better revenue amid European recovery

Vodafone Group Plc reported on Thursday an improvement in revenue drops during the third quarter as the British company benefited from increased traffic on its 4G networks. The worlds second-biggest mobile carrier by subscribers stated a group service revenue, excluding mergers and acquisitions, of £9.79 billion for the three months ended December 31, down 0.4% […] Read more