Stock News

Zalando share price down, transfers old items to discount warehouses

Zalando SE, Europe’s biggest online retailer, shifts poor-selling products to its brick-and-mortar outlets as the end of the holiday shopping craze approaches. Germany’s Zalando offers discounts of up to 70% for its low-demanted items that the six-year-old company took down from its website and moved to one of its two large warehouses in Frankfurt and […] Read more

Qualcomm Inc.’s share price up, a settlement over the anti-trust probe could make global monitoring over its patent licensing operations more serious

After the Chinese government officially announced on Friday that it was approaching a settlement of its antitrust investigation of the U.S.-based mobile chip manufacturer Qualcomm Inc., now the settlement is likely to make the global close monitoring over the company and its highly beneficial patent licensing operations even more serious. The U.S.-based Qualcomm refused to […] Read more

Sony share price up, “The Interview” scores big in online views

Sony Pictures “The Interview” generated more than $15 million after it was released last Wednesday for online viewing, despite threats of cyber attacks. The controversial comedy, starring Seth Rogen and is about a television host who gets an interview with Kim Jong Un and is later recruited by the CIA to assassinate the North Korean […] Read more

LG Electronics share price down, headquarters raided by prosecutors

LG Electronics said that prosecutors raided its headquarters in Seoul on Friday amid accusations that executives from the South Korean company damaged rival Samsungs products while attending a trade fair in Germany. Samsung claims that LG employees, including Jo Seong-jin, president of the companys home appliance division, vandalized several of its premium washing machines, which […] Read more

Amazon share price up, boosts Prime numbers

Amazon.com Inc announced on Friday that it had expanded its Prime customer base with more than 10 million new members during the holidays. Prime members, who pay $99 a year in order to get unlimited free two-day shipping, are projected to spent twice as much as regular members and Amazon considers them vital to its […] Read more

RadioShack share price down, tries to reduce store density

RadioShack Corp has picked up the pace in store closures in line with its plan to reduce size, but the struggling electronics retailer is a long way from done. RadioShack has shut down more stores in the past two months compared to the rest of the year, however, it has only eliminated one fifth of […] Read more

Sony share price down, releases “The Interview” despite threats

Sony Pictures Entertainments “The Interview” was made available for online viewing on platforms, including Google Play, Youtube, Microsofts Xbox video and a dedicated Sony website, and will be released in around 300 cinemas around the US on Christmas day. Last week Sony pulled out the title after the biggest US cinema chains said that they […] Read more

Coca-Cola share price up, to axe jobs under cost-cutting plan

Coca-Cola Co intends to trim its workforce by at least 1 000 to 2 000 employees globally in line with its cost-cutting $3-billion plan announced in October, after the beverage maker posted disappointing results for the third quarter. Under its plan Atlanta-based Coca-Cola will be undertaking its largest employee lay off in 15 years during […] Read more

Walgreen share price up, posts better-than-expected results on prescriptions

Walgreen Co, the biggest US drugstore chain by revenue, reported Q1 results above analysts expectations, boosted by cost cuts and robust pharmacy sales. For the first quarter ended November 30, Walgreen stated a 6.7% yearly increase in sales to $19.6 billion, helped by a company record of 222 million filed prescriptions, or 4.3% more compared […] Read more

Google Inc.’s share price up, unveils the first finished prototype of its driverless car

Google Inc. revealed its driverless car’s first finished prototype. The car’s design is not so different from the one the company first unveiled in May this year, but this new one is fully functional. The new undertaking of the company comes at a moment when Google is putting efforts into expanding reach outside its major […] Read more