Stock News - Part 380

Apple Inc. share price down, considers its first bond sale in euros, two banks hired to manage the transaction

November 4, 2014 8:29 am

Apple Inc. is considering its first bond sale in euros at a time when the U.S.-based company is trying to finance another round of shareholder rewards. According to a person with knowledge of the situation, the iPhone manufacturer had a meeting with its investors on Monday, where bond issuance was discussed. The person also reported […] Read more

LabCorp share price down, to acquire Covance in an attempt to expand services

November 3, 2014 4:22 pm

Laboratory Corporation of America Holdings, a major provider of healthcare diagnostic services, announced it has struck a cash and stock deal with Covance Inc. to add contract research services to its portfolio. LabCorp said the deal is valued at $105.12 per Covance share, which represents a 32% premium to the companys closing price on October […] Read more

Diageo PLC share price down, swaps its Bushmills whiskey brand for Don Julio tequila

November 3, 2014 3:16 pm

Diageo PLC closed an asset swap deal with Casa Cuervo that would give the British liquor company ownership of the Don Julio tequila brand in exchange for its Bushmills whiskey label. The deal includes Casa Cuervos 50% share that Diageo doesnt already own of the tequila brand plus cash payment of $408 million for the […] Read more

HSBC Holdings PLC share price down, misses Q3 forecast as it sets aside provisions

November 3, 2014 1:16 pm

HSBC Holdings PLC stated lower-than-expected third-quarter profit as it set aside provisions to cover any potential fees related to an ongoing investigation into manipulation of the currency market. Europes biggest bank by market capitalization set aside a $378-million provision to secure legal expenses as it tries to reach a settlement with the Financial Conduct Authority. […] Read more

Ryanair Holdings share price up, boosts full-year profit projection aided by European economic slowdown

November 3, 2014 12:50 pm

Ryanair Holdings changed its full-year profit goal for the second time in 2014, saying that it now expects annual net income to be in the range of €750 million and €770 million ($936 million to $961 million). This projection exceeded Ryanairs previous forecast by at least €100 million. Earlier in 2014 the company made a […] Read more

Altice SA share price down, makes an $8.8-billion binding bid to Oi SA for Portugal Telecom

November 3, 2014 10:19 am

Altice SA revealed in an official statement that it made a binding bid to purchase the Portuguese assets of Portugal Telecom from Oi SA. According to the companys statement, the offers enterprise value amounts to €7.025 billion ($8.8 billion) and is fully financed by new debt and existing cash from Altice. The company said in […] Read more

Publicis Groupe SA share price down, acquires Sapient Corp. in a $3.7-billion deal to push into digital offers

November 3, 2014 8:43 am

The third-biggest advertising company in the world – Publicis Groupe SA revealed that it reached an agreement to purchase Sapient Corp. at the price of $3.7 billion. The deal is considered part of the France-based companys strategy to expand its reach into digital offers. The transaction was approved by boards of both companies. Mr. Maurice […] Read more

Exxon Mobil Corp. share price up, profit rises even as production falls

November 1, 2014 11:40 am

Exxon Mobil Corp. reported better-than-expected third-quarter profit due to strong performance in its refining and chemicals businesses. The company stated a 3% increase in net income to $8.07 billion, or $1.89 earnings per share, compared to last years performance of $7.87 billion, or $1.79 per share, and above analysts expectations of $1.71. Exxon reported a […] Read more

International Consolidated Airlines Group SA share price up, rises full-year profit target as it reports strong performance in the recent quarter.

October 31, 2014 2:43 pm

International Consolidated Airlines Group SA, owner of British Airways and Iberia, reported strong results in the third quarter, a complete contrast with strike-hit rivals Lufthansa and Air France-KLM. IAGs operating profit before exceptional item stood at €900 in the recent quarter, a 23% increase compared to last year and better than analysts expectation of €879 […] Read more

Sony Corp. share price up, reports a heavy loss as PlayStation shines

October 31, 2014 1:11 pm

Sony Corp. reported a smaller loss than expected in the second fiscal quarter as PlayStation 4 sales limited the impact of a writedown of its smartphone business. Japans Sony stated a net loss of ¥136.0 billion, highly due to the ¥180 billion book value reduction of its Xperia unit. Since the company announced the writedown […] Read more