Stock News

HSBC share price down, dismisses its European head of currency trading

HSBC Holdings Plc has fired its European head of currency trading in relation to the foreign-exchange scandal last month, for which the British bank was fined $618 million. Stuart Scott, who was based in London and was in charge of foreign-exchange trading operations, was dismissed on December 9, after seven years with the British lender. […] Read more

Costco Wholesale Corp.’s share price up, posts a better-than-expected Q1 profit due to same-stores sales’ increase and membership fees

The largest warehouse-club chain in the U.S., Costco Wholesale Corp., reported a profit, that outpaced initial analysts forecasts over the quarter that ended in November. The reported figure came as a result of increased sales at established stores over the period. Costcos profit also benefited from membership fees. The U.S.-based company, currently one of the […] Read more

Samsung share price down, to merge two of its US divisions

Samsung Electronics Co said it will combine two of its US subsidiaries in order to boost efficiency and increase competitiveness. The tech giant said in a statement that it will merge its Samsung Electronics America Inc, main distributor for consumer electronics in the US, with Samsung Telecommunications America LLC, its mobile division, into a single […] Read more

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