Stock News

Shire Plc’ share price up, to transfer more than 500 positions to Massachusetts seeking efficiency and cost saving

Shire Plc revealed that it intends to transfer more than 500 jobs from Chesterbrook, Pennsylvania, location to Lexington, Massachusetts, where its U.S. operational headquarters are planned to be established. The move is considered an attempt by the company to save expenses by combining the location of its worldwide research and development and commercial operations. As […] Read more

Target share price up, posts better-than-expected Q3 profit

Target Corp reported quarterly profit that surpassed expectations, including its first increase in U.S. same-store sales in four quarters. The retailer reported a 2.8% gain in revenue to $17.73 billion for the quarter ended November 1, compared with revenue of $17.25 billion in the same period a year ago. Net income for the quarter stood […] Read more

Vodafone share price down, bundled products may cripple profit

Vodafone Group PLCs CEO Vittorio Colao said that offering bundled television and broadband services may lead to declines in profit, as rivals use the same strategy to cut prices. Mr. Colao also mentioned than Vodafone may be forced to bid for TV rights just to keep up with the competition. British BT Group had started […] Read more

Goldman Sachs share price down, axes two employees over information leak

Goldman Sachs Group Inc fired two employees, after one of them allegedly accessed confidential information from the Federal Reserve Bank of New York. Goldman reported that in September it had fired Rohit Bansal, a junior employee, and then laid off his supervisor Joe Jiampietro, a senior banker in the financial institution. Goldman executives wrote that […] Read more

Yahoo! Inc.’s share price down, to become default search engine of the Firefox browser under the terms of a five-year contract with Mozilla Corp.

Yahoo! Inc. managed to strike a five-year contract with Mozilla Corp., which would make it the default search engine on the Firefox browser in the U.S. This puts an end to the unprofitable partnership with Google Inc. The Chief Executive Officer of the company, Marissa Mayer, revealed in a statement, cited by Bloomberg: “At Yahoo, […] Read more

Apple share price down, to bundle Beats with iOS

Apple Inc will start distributing its iOS operating system-based devices with subscription to the music service it acquired from Beats, challenging the market leader in music streaming Spotify. According to people with knowledge of the matter, the implementation of the Beats service may start in March next year. Apple bought the headphone manufacturer earlier this […] Read more

Qualcomm Inc.’s share price down, to set foot at the server chips market by offering ARM-based server processors to data centres operators

The largest mobile-phone chips manufacturer, Qualcomm Inc., said it intended to set foot at the lucrative server chips market and enter a fierce competition with Intel Corp. The company is to provide big data centres operators with server processors, which are based on a technology of ARM Holdings Plc that is widely used in mobile […] Read more

Alibaba share price down, sends another wave of investments in the digital entertainment business

Alibaba Group Holding and Tencent Holding push further into entertainment as their top executives increased their stakes in a Chinese television and film production company. Huayi Brothers Media Corp introduced a plan to strengthen its relationship with Alibaba and Tencent by jointly producing movies in the future and said it will start distributing films through […] Read more

Staples Inc.’s share price up, still to estimate breach losses, reports larger-than-expected quarterly sales and profit

The biggest office-supply chain in the world, Staples Inc., revealed in a filing today that it is not able to “reasonably” estimate the potential losses and expenses it will probably be affected by. The company has recently been faced with difficulties, because of a possible credit-card data breach, which Staples disclosed in October. According to […] Read more