Stock News

Samsung Electronics Co. Ltd share price up, profit falls as smartphone deliveries decrease, posts upbeat Q4 outlook

Samsung Electronics Co. Ltd reported the smallest quarterly earnings since 2011 as the giant faces increased competition from lower-cost Chinese rivals and Apple Incs new iPhones. Earlier this month the company warned about weak performance in the third quarter. On Thursday, the worlds biggest technology company by sales reported operating profit of KRW 4.06 trillion, […] Read more

LG Electronics Inc. share price up, profit doubles as revenue hits record numbers

LG Electronics Inc. reported a significant rise in operating profit for the third-quarter, beating analysts expectations thanks to increased smartphone sales. LG reported revenue of KRW 14.92 trillion in the third quarter, a 7.4% increase compared to a year earlier, which led to more than doubled operating profit of KRW 461 billion and a 87% […] Read more

Fiat Chrysler Automobiles NV’s share price up, to spin off its luxury sports-car division Ferrari

Fiat Chrysler Automobiles NV intends to spin off Ferrari. This step is to give the luxury sports-car manufacturer independence from its less-profitable parent company. The Chief Executive Officer of the company, Sergio Marchionne, said in a statement, cited by the Financial Times: “As we move forward to secure the 2014-2018 Business Plan and work toward […] Read more

Google Inc.’s share price up, its research lab working on a new nanoparticle technology for health monitoring and improvement

The research lab of Google Inc. announced that it is working on a nanoparticle technology, which could be used in the near future. The technology includes small magnetic particles, which are meant to check the human body for any signs of cancer and other diseases. As reported by Bloomberg, the head of Googles life sciences […] Read more

Air France KLM SA’s share price up, posts a profit decline over the third fiscal quarter after two-week pilot strike

The biggest airline carrier in Europe, Air France KLM SA, said in a statement today that its third-quarter profit declined after the company was affected by a pilot strike, which lasted for two weeks. The company also stated it may need to increase its savings, because the bookings are still weak. The Chief Financial Officer […] Read more

Nintendo Co. share price up, reports better-than-expected first-half performance as yen weakens

Nintendo Co. reported increased net profit in the six months ended September 30, boosted by a weaker yen and strong sales of iconic video game titles, as the company aims to turn the tide and return to profit in the end of the business year. The Japanese video game maker stated a revenue of ¥171.4 […] Read more

Deutsche Bank AG’s share price down, reports a third-quarter net loss due to large legal expenses

The largest bank on the territory of Germany – Deutsche Bank AG reported a loss over the third fiscal quarter. The banks result comes after it set aside €894 million ($1.1 billion) to cover the past misconduct investigations costs. The co-Chief Executives of Deutsche Bank, Jürgen Fitschen and Anshu Jain, said in a statement, cited […] Read more

Facebook Inc. share price down, CEO Zuckerberg to make large investment in new technologies in the years to follow

The Chief Executive Officer of Facebook Inc., Mark Zuckerberg, said that the company is to continue to make large investments in new technologies in the upcoming years. The announcement was greeted with caution by some analysts. Mr. Zuckerberg said on a call, cited by Bloomberg: “For the next 10 years, our focus is on driving […] Read more

Honda Motor Co.’s share price down, reduces full-year profit forecasts amid difficult domestic market conditions

The third-biggest auto manufacturer on the territory of Japan, Honda Motor Co., posted its annual profit forecast for the year through in March 2015. The company said its profit is expected to fall by 1.6% to reach ¥565 billion ($5.2 billion). Honda revised down its projection made in April, which forecast a profit of ¥600 […] Read more