Stock News

Club Mediterranee share price down, Andrea Bonomi ends the bid war

Italian businessman Andrea Bonomi announced on Friday that he is backing down from the bid war for control over the resort operator, ending the longest takeover battle in French history. Global Resorts, controlled by Mr. Bonomi, officially gave up on the 18-month bid war with the Chinese group Fosun International, five days ahead of the […] Read more

Quindell share price up, plans to sell parts of its business

The UK claims processor Quindell PLC said on Friday is considering a division sale as an attempt to generate more cash. “The group is in early discussions with a range of parties interested in exploring possible transactions with the group relating to a number of its operating businesses,” the company said in a statement. However, […] Read more

Novartis share price down, completes sell of animal-health unit to Eli Lilly

Novartis AG announced on Thursday it had completed the $5.4-billion sale of its animal-health division to Eli Lilly & Co. The closing of the deal is in line with the April-announced plan of the Basel-based drug giant to focus Novartis effort on its three leading businesses of global scale: innovative pharmaceuticals, eye care, and generics. […] Read more

Samsung share price down, to unveil its first Tizen TV next week

Samsung Electronics Co, the worlds largest TV manufacturer, announced on Thursday that its self-developed Tizen operating system will be largely implemented in its television sets starting 2015. Samsung has been working with Inter Corp. for years over the creation of the operating system, which was initially intended to work on smartphones and replace Google Incs […] Read more

BMW share price down, struggles with Chinese dealerships

BMW AG faces difficulties to maintain a healthy relationship with its China dealers as more car distributors threaten to not purchase any new vehicles unless the German auto giant decrease its sales target and offer subsidies. According to executives at two BMW dealerships, the car sellers will stop taking BMW vehicles starting as early as […] Read more

Shake Shack files for an initial public offering

In a regulatory filling on Monday Shake Shack Inc said it is looking to raise a place holder amount of $100 million, more than 10 years after the restaurateur Danny Meyer opened its first location in New York. The company has gone a long way since Mr. Meyer set up a single hog dog cart […] Read more

Hyundai Motor Co.’s share price down, to expand China output with local partner BAIC Motor Corp.

The fifth-largest auto manufacturer worldwide, Hyundai Motor Co., plans to build two more factories in China in collaboration with its local partner BAIC Motor Corp. This step would expand the company’s output in the country by about 57% and is part of Hyundai’s efforts to meet customers’ demand in the largest market of the auto […] Read more

TalkTalk share price up, to acquire Tesco’s online video streaming service

TalkTalk Telecom Group Plc is set to purchase Tescos unprofitable Blinkbox and the deal is expected to be announced next week when Tescos CEO Dave Lewis unveils its new strategy plan. In his attempts to turn around the struggling UK retailer, Mr. Lewis is planning to dispose of the online video streaming service, according to […] Read more

Fiat Chrysler Automobiles NV share price down, recalls almost 67 000 pickup trucks due to clutch issues

Fiat Chrysler Automobiles NV announced the withdrawal of almost 67 000 older-model pickup trucks due to alleged clutch issues which have been associated to one death case. The models include Fiat Chrysler’s Dodge and Mitsubishi pickups, which were manufactured in 2006 and 2007. The death was confirmed by the company to have resulted by the problem. […] Read more

Google Inc.’s share price down, China blocks email service Gmail

The email service of Google Inc. – Gmail – was blocked in China through third-party applications. This step made Gmail part of the other services of the U.S.-based company, which have been banned in China, currently the largest Internet market worldwide. The State Internet Information Office of China did not respond to the requests for […] Read more