Stock News

Sony Corp share price up, investigations continue as it deals with breach aftermath

Sony Entertainment Pictures was hacked last month by a group called Guardians of Peace, who brought down the computer network of the PS-maker, illegally released five movie titles and made public sensitive personnel data. Sony criticized the cyber attack, and are now working with the FBI and FireEye, a network security company, to uncover the […] Read more

GlaxoSmithKline Plc share price down, to eliminate 900 positions in the US amid cost-cutting efforts

The largest drug maker in the U.K. – GlaxoSmithKline Plc – announced its intentions to eliminate 900 jobs in North Carolina. The move comes as part of the companys plan to cut expenses by a total of £1 billion ($1.57-billion) over three years. A spokesman of the company wrote in an e-mailed statement, which was […] Read more

Best Buy share price down, to dispose of Chinese operations

Best Buy announced the sale of its troubled Chinese unit to a local real estate company as the retailer shifts focus to its core operations within the domestic US market. Best Buy is selling Jiangsu Five Star Appliance to Chinese Zhejiang Jiayuan Real Estate Group as the retailer retreats from the Chinese market due to […] Read more

Sky share price up, agrees to sell Sky Bet to CVC

Sky Plc, Britains biggest pay-TV group, announced it has agreed to sell a controlling stake in its online gaming and betting unit to CVC Capital Partners as the company shifts focus to its television division in order to compete better against rival BT. Sky, which also has operations in Italy, Ireland, Australia and Germany, said […] Read more

SoftBank Corp. share price down, invests $250 million to acquire a stake in GrabTaxi

SoftBank Corp. revealed in a statement that it made a $250-million investment in GrabTaxi Holdings Pte at a time when the cab-booking service is trying to overcome the competition of Uber Technologies Inc. in Southeast Asia. According to an interview with Anthony Tan in Bangkok, SoftBank will become the biggest shareholder in GrabTaxi. Mr. Tan […] Read more

Honda Motor Co. share price up, to expand US recalls because of Takata air bags

Honda Motor Co.s Executive Vice President for North America – Rick Schostek revealed that the company will expand its US campaign of driver-side air bag withdrawals manufactured by its supplier Takata Corp. The recalls will be expanded in all 50 states of the country, after the auto maker was put under significant pressure by federal […] Read more

BMW share price down, faces pressure from Chinese dealers

Bayerische Motoren Werke AGs Chinese dealerships challenged the German car manufacturers sales target and said it was too optimistic, citing sluggish growth in the worlds biggest vehicle market. Dealers located in China are asking for a bigger cash rebate from BMW, while also claiming that the carmaker has set up a too high sales target, […] Read more

Takata Corp.’s share price up, rejects an airbag withdrawal demand from the National Highway Traffic Safety Administration

The Japan-based airbag producer and supplier Takata Corp. is currently facing the anger of the car safety regulatory authorities in the U.S. after the company rejected their demand to expand its air-bag withdrawals and make them not only regional, but also country-wide. Deputy Administrator David Friedman revealed in an e-mailed announcement that the companys response […] Read more

Morgan Stanley share price up, snatches Ping An deal from Goldman and Credit Suisse

Morgan Stanley took over the $4.8-billion stake sale in Ping An Insurance, after a last-minute bold steal from Goldman Sachs and Credit Suisse. Ping An was discussing the deal with Credit Suisse and Goldman Sachs at first, but changed its mind by Sunday afternoon when the two banks were noted that the placement was given to […] Read more

Apple share price down, faces antitrust law claims

Apple Incs ex-CEO Steve Jobs renovated the way people enjoyed music with the iPod, but now the deceased co-founder of Apple is being accused of leading the company into a violation of antitrust laws. Mr. Jobs has allegedly upgraded the software of the iPods, so the device would not be capable of playing songs from […] Read more