Stock News

Oracle Corp.’s share price up, puts an end to the copyright lawsuit against SAP SE by accepting a $359 million damages award

Oracle Corp. was reported to have accepted a total of $359 million in damages award in order to put an end to its copyright lawsuit against SAP SE, the biggest back-office business-management software supplier. According to a court filing posted today, SAP is to pay a total of $356.7 million plus $2.5 million in interest. […] Read more

UPS share price down, announces cost-cutting plan in order to reach ambitious targets

United Parcel Service Inc. unveiled a five-year plan, including aggressive cost-cutting measures, as the company tries to grasp aspiring growth goals. UPS said the boom in online retailing is an opportunity for the company and not a threat. In line with this view, the company projected full-year earnings per share to range between $4.90 and […] Read more

Nokia’s share price down, increases profitability target and projects larger sales following CEO Suri’s strategy

Nokia reported that it upgraded its long-term profitability target. The step is considered as an evidence that the strategy of Nokias Chief Executive Officer, Rajeev Suri, to concentrate on wireless-network equipment is paying off. The CEO Suri said in a statement, cited by the Financial Times: “The rapidly evolving world of technology provides the context […] Read more

Twitter Inc share price down, receives junk-level rating by S&P

Twitter Inc has received junk rating for its bonds from Standard & Poors as the company faces investor pressure due to slowing user growth and management turnover. The company and its $1.8 billion in convertible notes were rated BB-, three levels below investment grade, by the credit rating agency. S&P also said Twitters financial risk […] Read more

Halliburton Co.’s share price up, negotiates over the acquisition of Baker Hughes Inc. to expand its reach

People with knowledge of the process reported that Halliburton Co. is currently in negotiations to acquire Baker Hughes Inc. The transaction is expected to combine two of the biggest companies in the energy business at a time when the entire industry has been suffering from declining oil prices. The Vice President of the industry consultant […] Read more

Airbus share price up, posts strong nine-month results despite decline in Q3 net income

Airbus Group reported strong performance for the first nine months, but said full-year results could be affected by additional costs related to its A400M military airlifter program. For the recent quarter, Toulouse, France-based Airbus stated net income of €264 million, down 41% from a year earlier, when they stood at €445 million. The company sold […] Read more

Amazon.com Inc.’s share price up, reaches an agreement with Hachette Book Group before the holiday shopping season

The biggest online retailer in the world, Amazon.com Inc., managed to resolve its misunderstandings with Hachette Book Group over the traditional and digital books sale through a multiyear agreement at the home market of the e-commerce company. The deal is to take effect in early 2015. Sarah Kahn, an analyst at IBISWorld, commented on the […] Read more

Viacom share price up, profit beats expectations on blockbusters

Viacom Inc. reported better-than-expected results for the quarter ended September, boosted by the “Transformers: Age of Extinction” and “Teenage Mutant Ninja Turtles” movies. Viacom, owner of the Paramount movie studio and cable network MTV and Comedy Central, stated a 9% increase in revenue to $3.99 billion, compared to last years result of $3.65 billion. Analysts […] Read more

Wal-Mart Stores Inc.’s share price up, reports third-quarter sales above analysts’ forecasts due to increasing same-store sales in the U.S.

The biggest retailer in the world, Wal-Mart Stores Inc., reported its earnings over the third fiscal quarter, which came above analysts projections, due to the fact that the companys same-store sales on its domestic market increased for the first time in almost two financial years. The Chief Executive officer of the company, Doug McMillon, said […] Read more

Sony Corp share price down, announces new cloud-based TV service

Sony Corp unveiled its latest project, the PlayStation Vue, a service which provides access to live TV and on-demand content without being connected through a cable or satellite. The company said the video streaming service will be released for beta testing later this month in the New York area. Initially PlayStation Vue will offer around […] Read more