Stock News

Shire PLC share price up, reports growth in revenue and raises full-year forecast

Shire PLC stated a record increase in sales and raised its full-year projection, shortly after AbbVie Inc. officially withdrew its takeover offer. The bio-pharmaceutical researcher said its pullback from the deal was largely due to changes in the U.S. tax system. These measures taken by the American government were previously pointed at as dealbreakers, like […] Read more

TNT Express NV’s share price down, reports a third-quarter loss due to excessive restructuring and legal expenses

TNT Express NV made an official statement today, which revealed a third-quarter loss at a time when the company is taking restructuring measures. The performance of the company over the quarter was also affected by investigations over alleged anti-competitive practices in France, which led to extra expenses to cover the €50-million charge. The Chief Financial […] Read more

Hewlett-Packard Co.’s share price little changed, seeks to sell a part of its stake in the H3C Technologies Co. division

A person familiar with the situation reported that Hewlett-Packard Co. is trying to sell part of its networking subsidiary called H3C Technologies Co. The person, who asked not to be named because the process is still not public, said that HP intends to dispose of about 51% of its stake in the networking business and […] Read more

Volvo AB share price surges, boosts cost-reduction target by 54%

Volvo AB raised its cost-reduction target by 54% and revealed that its adjusted earnings rose thanks to strong demand in North America. According to the companys statement, the reduction in Volvos expenditures by 2015 will be increased to a total SEK10 billion as the truckmaker focuses on cutbacks at its construction-equipment division. It is also […] Read more

Ford Motor Co. share price down, lower profit beats analysts’ expectations

Ford Motor Co. reported a decrease in earnings, but beat Wall Streets expectations due to strong performance in China. The American automaker stated a third-quarter decrease in net income to $835 million or $0.21 earnings per share, compared to last years $1.27 billion, or $0.31 per share. Excluding one-time items, earnings were $0.24 per share, […] Read more

Spirit Pub Company Plc share price up, rejects takeover offer from C & C Group

Spirit Pub Company Plc has rebuffed a takeover approach from C & C Group but gave the Irish drinks maker time to come back with a formal offer. Spirit Pub confirmed that C & C approached them regarding a possible offer. “The board of Spirit has reviewed the proposal and rejected it” the company said […] Read more

Caterpillar Inc.’s share price up, posts increasing third-quarter profit and boosts full-year earnings projection

The stock of the biggest construction-equipment manufacturer in the world, Caterpillar Inc., rose the most in more than eight months after the companys results during the third fiscal quarter outpaced the analysts profit forecasts. Caterpillar also boosted its full-year earnings projection. The Chief Executive Officer of the company, Doug Oberhelman, said in a conference call, […] Read more

Toyota Motor Corp. share price up, sells some of its Tesla shares

Toyota Motor Corp. sold a part of its shares in Tesla Motors Inc., as the Japanese automotive manufacturer bets on fuel cell vehicles. Back in 2010 the worlds biggest vehicle maker spent $50 million for a 3.2% stake in Tesla. Since then its investment has grown to $690 million, according to Bloomberg, and accounted for […] Read more

Ericsson’s share price down, third-quarter sales surpass analysts’ estimates on strong phone carriers’ spending

The biggest wireless networks maker in the world, Ericsson, made an official statement today that its sales over the third quarter of the fiscal year rose, which surpassed analysts projections, as phone carriers invested in networks in order to improve their signal. The company said in a statement, cited by Reuters: “We are executing on […] Read more