Stock News

Amazon.com Inc.’s share price up, to acquire GoodGame and release 4k video streaming service

Amazon.com Inc. is planning to expand its reach in video games. The U.S.-based company announced that it is to acquire GoodGame, a company known for holding teams of video-game players and hosting live gaming tournaments. GoodGame, based in the U.S., is focused on organizing the so-called “esports” events, in which different gaming teams compete. The […] Read more

Bayerische Motoren Werke AG’s share price up, appoints Harald Krueger as a successor of CEO Reithofer, who is to leave in May 2015

The top premium car manufacturer, Bayerische Motoren Werke AG, announced that its Chief Executive Officer Norbert Reithofer is to leave the company in May 2015. The Germany-based BMW appointed Harald Krueger as a successor of Mr. Reithofer at a time when the auto industry is shaken by some far-reaching changes. Mr. Reithofer, whose contract as […] Read more

Boeing share price down, forecasts strong demand for financing airplane deliveries

Boeing Co said it expects strong demand for new airplanes during 2015, materializing in about $124 billion of needed financing for all plane deliveries, nearly double the amount compared to 2010. Funding of Boeing deliveries in 2015 is projected to mirror that of the broader industry, the company said, roughly balanced between cash, commercial bank […] Read more

Tesco Plc’s share price down, issues a full-year profit warning

The largest retailer in the U.K., Tesco Plc, announced that it expects its annual earnings will equal almost the half of those projected in August. This downward revision of the companys profit forecast comes at a moment, when Tesco has been trying to turn its business around after revealing an overstated profit. The projection is […] Read more

Deutsche Bank share price down, faces US lawsuit over tax evasion

Deutsche Bank AG, Germanys largest loan provider, is being sued by the US government over allegedly creating a network of underfunded shell companies to avoid paying US taxes. On Monday the US attorney for the Southern District of New York filed a lawsuit seeking 190 million in taxes, penalties and interest. The lawsuit pointed at […] Read more

McDonald’s share price down, reports the latest decline in US sales

McDonalds Corp reported its worst monthly decline in US same-store sales since 2001 and said that such performance is expected to have a negative impact on its fourth-quarter results. The companys US sales have decreasing since May, prompting management to take action in McDonalds most important market. The Novembers decline of 4.6% in same-store sales, […] Read more

BP Plc’ share price down, 2010 Gulf spill payments appeal gets a rejection by the U.S. Supreme Court

The hopes of BP Plc to limit the compensations amount for its oil spill in the Gulf of Mexico in 2010 have suffered a serious blow by the U.S. Supreme Court, which rejected the companys plea to review to the settlement. Geoff Morrell, a spokesman of BP, said in a written statement, cited by the […] Read more

Verizon Communications Inc.’s share price down, projects its wireless margins will be hurt by lower prices and phone discounts

The largest wireless carrier in the U.S., Verizon Communications Inc., said in an official statement that its wireless margins over the fourth quarter of the fiscal year are expected to be negatively affected due to phone discounts and lower prices, which led to a sharp increase of new monthly subscribers. Although Verizon has been careful […] Read more

Sony share price down, PlayStation’s online store gets hacked

Sony Corp was victimized by another hacker attack, this time the hit was aimed at its PlayStation store, which resulted in two hours of downtime. Todays cyber assault follows last months hacking of Sony Pictures Entertainment’s computer network, the outcome of which was the illegal release of several of its films, including Brad Pits Fury […] Read more

Merck share price up, agrees to acquire Cubist Pharmaceuticals

Merck & Co Inc, the second-largest US drugmaker, agreed to purchase Cubist Pharmaceuticals Inc, a biotech company, in a $9.5 billion deal. “Cubist is a global leader in antibiotics and has built a strong portfolio of both marketed and late-stage pipeline medicines,” said Mercks CEO Kenneth Frazier. Under the deal Merck will pay $102 per […] Read more