Stock News

BMW share price down, October sales increase on Chinese demand

BMW Group AG reported increased deliveries of its BMW, Mini and Rolls-Royce vehicles due to strong Chinese sales. The German car manufacturer reported a revenue jump of slightly over 11% in October to 184 297 shipments, boosted by a 20% rise in Chinese sales and the introduction of a new Mini model. Interest in the […] Read more

AP Moeller Maersk A/S share price down, Q3 profit rises, confirms full-year group earnings projection

The operator of the worlds largest container line – AP Moeller Maersk A/S – reported on Tuesday that its third-quarter profit rose due to reduced expenses and increased box volumes. However, lower earnings in the companys oil unit and a downward revised global shipping demand growth this year weighed on shares. According to the companys […] Read more

Hyundai Motor Co. share price down, to spend $616 million with Kia Motors Corp. on share buybacks

South Koreas biggest car manufacturer – Hyundai Motor Co. and its affiliate Kia Motors Corp. announced that they are planning to buy back a combined KRW670 billion ($616 million) of stock. The buyback comes as the latest attempt to ease investors agitation following the $10-billion purchase of a property in Seoul slated for new headquarters. […] Read more

Alibaba share price up, breaks online shopping records with Singles’ Day promotion

Alibaba reported record sales during the first hours of its November 11th Singles Day promotion, turning it into the biggest online shopping discount event. The figures until lunchtime suggested the event will even beat the online sales generated in the U.S. holiday shopping spree between Thanksgiving and Cyber Monday in 2013. Alibaba shared that more […] Read more

Vodafone share price up, beats estimates on recovering European markets

Vodafone Group PLC reported a smaller decline in service revenue in the second fiscal quarter boosted by growing demand in Europe. The British group stated a service revenue decline of only 1.5% for the second quarter, beating analysts projections for a 2.8% decrease and its Q1 performance of a 4.2% drop. The company recovered after […] Read more

McDonald’s Corp. share price up, October sales beat projections as turnaround strategy gains traction

The biggest restaurant chain in the world – McDonalds Corp. – reported that October same-store sales surpassed analysts forecasts in a sign its turnaround strategy is proving to be successful. According to the companys statement, global sales at stores open for more than a year declined by 0.5%. This result was better than the previously […] Read more

Google share price up, strikes a $1.2-billion 60-year lease contract with NASA for its Moffett Field

Google Inc. has reached an agreement with NASA for a $1.2-billion lease of its Moffett Field airfield located in California over sixty years. The transaction is considered as part of the companys strategy to invest in new technologies like aviation and robotics. The vice president of real estate and workplace services at Google – Mr. […] Read more

Samsung Electronics share price up, to get a license for second plant in Thai Nguyen province

Samsung Electronics Co., the biggest smartphone manufacturer in the world, is nearing approval for its second plant in Thai Nguyen province and said it would invest as much as $3 billion in the project in an effort to expand its handset facilities in Vietnam and turn the country in one of its manufacturing centers. The […] Read more

Lonmin PLC share price rallies to six-week high despite negative results as CEO sees no need for raising funds

Lonmin PLCs CEO said the company does not need to raise additional funds this year as it reported a 37% decline in revenue, a result of a five-month strike. “We see no need at this juncture, given what we know, we have sufficient bank facilities” CEO Ben Magara said on a conference call, pointing towards […] Read more