Stock News

Atos share price up, to acquire Xerox’s IT outsourcing business

Frances Atos SE agreed to purchase Xeroxs information technology outsourcing business in an €840 million ($1.05 billion) all cash deal, heavily boosting its presence in the US. “Increasing our position in the US is a major step in the completion of our three year strategic plan and responds to a strong demand from our global […] Read more

Samsung Electronics Co. share price up, bids farewell to ChatOn messaging service

Samsung Electronics Co. announced that it will cease support for its mobile-messaging chat service ChatOn early next year after heavily promoting the application in recent years. The ChatOn application was officially released three years ago and is currently available in 237 countries, supports 67 languages, and is run across several platforms, including Android, iOS, BlackBerry, […] Read more

Chevron Corp.’s share price up, to “indefinitely” suspend its plans for oil drilling in the Arctic Beaufort Sea

Chevron Corp. revealed in a letter to the National Energy Board of Canada that it has decided to “indefinitely” cease plans to drill for oil in the Arctic Beaufort Sea. The companys choice was explained to be due to the lack of certainty in the projection of crude prices. The company owns two licenses that […] Read more

Netflix share price up, inks first major US deal

Netflix Inc reported on Wednesday that it struck an agreement with Dish Network Corp. to implement its application into the satellite providers latest set-top units as a part of its expansion to US pay-TV. This is the first deal that the streaming video service inks with a big US pay-TV provider, enabling Netflix to reach […] Read more

IBM share price up, expands international cloud network

IBM announced a plan to increase its data center numbers across the world in order to better compete with other technology companies for a share in the fast-growing demand for online services. IBM said on Wednesday it had reached a deal with Equinix, provider of carrier-neutral data centers, to boost its international network by nine […] Read more

Sony Corp share price up, cancels “The Interview” release on threats

Sony Pictures Entertainment canceled the release of its Kim Jong Un comedy “The Interview” after five of the biggest US cinema chains said they would not display the movie. Cinemark, AMC, Regal Entertainment and Cineplex followed Carmikes decision to not screen the comedy, which was set to be released at Christmas Day. However, it wont […] Read more

Oracle Corp. share price up, Q2 results beat forecasts as cloud push proves fruitful

Oracle Corp. reported that profit and sales in the second fiscal quarter ended November 30th topped analysts forecasts, marking a successful transfer of power to co-Chief Executive Officers Ms. Safra Catz and Mr. Mark Hurd who took over three months ago. According to the companys statement, Oracles profit excluding stock-based compensation, restructuring-related changes and other […] Read more

Diageo Plc’ share price down, reports lower Thanksgiving sales and slowing growth in the U.S. spirits industry

The largest liquor manufacturer in the world, Diageo Plc, reported its Thanksgiving sales, which came short of projections, as its growth in the US spirits industry declined. As a result, the companys shares fell the most in eight months in London trade. North America is the largest and most profitable market of the U.K.-based Diageo. […] Read more