Stock News

Samsung Electronics Co. share price up, reports a decline in operating profit, bets on memory-chip unit

The biggest smartphone manufacturer by shipments in the world – Samsung Electronics Co. – said that profit fell for a fifth consecutive quarter over the last three months of 2014 amid intensifying competition in the face of Apple and Xiaomi, despite strong sales of its premium Galaxy Note 4 phablet. According to the South Korean […] Read more

Sainsbury share price down, third-quarter sales above expectations

J. Sainsbury Plc reported better-than-expected holiday results, but still continued to lose market share to discounters as the British retailer stated a 1.7% decline in sales. Despite marking one of its worst holiday performances, Sainsbury still reported results above analysts expectations of 2.5% to 4.4% drop in same-store sales during the 14 weeks to 3 […] Read more

Lenovo Group Ltd’s share price up, plans to bring Motorola brand back to China to consolidate positions

The Motorola brand is to be brought back to China by its owner Lenovo Group Ltd during the first quarter. The move comes as part of the companys strategy to re-establish the brand in the country after more than two-year-long absence. The brand was withdrawn from the country by its previous owner Google Inc. in […] Read more

Apple share price up, Beats unit under Monster legal attack

Audio-equipment maker Monster launched a lawsuit against Apple-owned Beats Electronics and the Taiwanese smartphone manufacturer HTC over alleged “fraud and deceit”. Monster and Beats teamed-up in 2008 and developed the “Beats by Dr. Dre” brand, a line of high-priced, high-tech audio devices. The Beats products have enjoyed high demand from teenagers and celebrities ever since. […] Read more

J.C. Penney share price up, reports stronger holiday sales

J.C. Penney Company Inc reported better-than-expected holiday sales late Tuesday, boosting its shares to levels unseen since last November. The department store operator stated same-store sales increase of 3.7% during the nine weeks of November and December. The strong holiday results also boosted the companys confidence in its quarterly performance. J.C. Penney said it now […] Read more

Micron Technology Inc. share price down, Q1 profit jumps but projects Q2 sales below expectations

Micron Technology Inc., the largest US memory-chip manufacturer, projected that sales would fail to reach analysts expectations over the second fiscal quarter due to seasonally low demand. According to the information posted by Micron along with its first-quarter earnings report, sales over the second fiscal quarter ended February are expected to be in the range […] Read more

Boeing Co.’s share price down, reports a record number of plane deliveries in 2014

The largest jet manufacturer worldwide, Boeing Co., revealed in an official statement that it managed to deliver a record number of planes in 2014. This came as a result of accelerated production by the company in order to accomplish its objective for the 787 Dreamliner. According to Boeings statement, the 787 Dreamliners deliveries increased by […] Read more

J&J share price up, launches first human trials of anti-Ebola vaccine

Johnson & Johnson began trials of its experimental Ebola vaccine in the UK and said it was prepared to produce up to 5 million doses if required. The New Jersey-based company said in a statement that it has started Phase 1 of its clinical human testing and the first group of volunteers have received the […] Read more

Dish Network share price up, launches Sling TV to reach younger generations

Dish Network Corp unveiled on Monday its long-awaited online video service targeted at younger viewers who are not keen on paying for big cable packages. The service will be launched nationwide during the first quarter of 2015 and it will provide a mix of live TV and video-on-demand content. Access to Sling TV is priced […] Read more

Samsung Electronics Co.’s share price down, to make its products Internet-ready by 2020

The Co-Chief Executive Officer of Samsung Electronics Co., Yoon Boo Keun, revealed at the Consumer Electronics Show that all companys products are planned to be internet-ready within half a decade. The company, currently the largest TV manufacturer worldwide, has focused on the expanding businesses of smart homes and vehicles. Yoon Boo Keun said in the […] Read more