Stock News

Deutsche Lufthansa AG share price up, pilot union walkouts to be renewed on Thursday

Deutsche Lufthansa AG revealed that the pilot strike, which started on December 1st, will be staged once more on Thursday – December 4th, only two days after the end of the previous one. The strike that was carried out earlier this week affected around 150 000 passengers by leading to the cancellation of about 1 […] Read more

Sprint Corp.’s share price down, to offer a “cut your bill in half” discount, entering a price war with larger rivals

The third-biggest wireless carrier in the U.S., Sprint Corp., is entering a fierce price war with its major competitors Verizon Communications Inc. and AT&T Inc., as it revealed its intentions to reduce customer bills by 50% for those clients, who switch to its services from the carriers larger rivals. The U.S.-based company also said that […] Read more

Cypress share price down, to acquire fellow chipmaker Spansion

Cypress Semiconductor Corp is buying Spansion Inc in a $1.59-billion stock deal in order to create a company that will manufacture memory chips utilized in many consumer and business technologies. After the deal is completed the new company is set to become the biggest supplier of chips for embedded systems.It will combine Cypress expertise in […] Read more

Otsuka Holdings share price up, to acquire Avanir Pharmaceuticals ahead of patent expiration

Japans Otsuka Holdings Co Ltd reached a deal to purchase Avanir Pharmaceuticals for around $3.5 billion, marking it as the companys second big US acquisition in slightly over a year. The agreement for the unprofitable Avanir comes as the drugmaker is looking to increase its portfolio of products, including treatments for Alzheimer’s, Parkinson’s and migraines, […] Read more

Aviva share price up, agrees to buy Friends Life in $8.8 billion deal

Aviva Plc, Britains second-biggest insurance company by market value, has agreed to acquire Friends Life in an all-stock deal, marking the biggest takeover in 15 years among UK insurers. Aviva, which last month announced it was in talks with its smaller rival, values each Friends Life share at 0.74 new Aviva shares, or 394 pence, […] Read more

Wal-Mart Stores Inc.’s share price up, to eliminate 250 jobs in China to improve efficiency

Wal-Mart Stores Inc. said that it plans to cut 250 positions in China in an attempt to improve its efficiency. A spokesman of the U.S.-based company, Ray Bracy, said in a phone interview today that the lay-offs will be mainly in the companys merchandising and marketing units. Mr. Bracy said in a statement, cited by […] Read more

Intel Corp. share price up, acquires Canadian startup PasswordBox Inc. to bolster internet security presence

Intel Corp., the biggest chip manufacturer, said in a statement that it bought Canada-based startup PasswordBox Inc to boost its Internet security offerings at a time when customers are becoming more concerned about their personal data in the light of recent breaches. The acquisition took immediate effect. As reported by eWeek, the senior vice president […] Read more

Tesco Plc’ share price up, appoints CEO Lewis to take direct control of the company’s operations based in the U.K.

The Chief Executive Officer of Tesco Plc, Dave Lewis, is to take control of the domestic business of the company. The U.K.-based retailer has been faced with difficulties, including overstated earnings forecasts. The change in Mr. Lewis responsibilities is scheduled to take effect in January 2015. The company said in a post on its website […] Read more

Alibaba share price down, US retailers urge lawmakers to take action

A coalition of companies warned in a new ad that online retail giants, like Alibaba Group Holding Ltd, will “decimate” local retailers unless Congress passes a bill to prevent online buyers from avoiding sales tax. The ad from a campaign group, including companies like Target, Best Buy, Home Depot and JC Penney, threatened Alibaba and […] Read more

Samsung Electronics Co.’s share price up, keeps basic management structure by retaining top executives in the lead

Samsung Group revealed its annual management changes at its divisions today. The group said that its top executives at Samsung Electronics Co. will be left intact at their current positions, as the company has recently been trying to swing back to profit again. Claire Kim, an analyst at Daisin Securities Co., commented on the companys […] Read more