Stock News

Daimler AG’s share price down, posts a third-quarter profit that surpasses initial analysts’ estimates on strong Mercedes-Benz unit’s performance

The third-biggest luxury vehicles manufacturer in the world – Daimler AG – made an official statement today that its profit over the third quarter of the current fiscal year increased by 21% due to larger deliveries of its Mercedes-Benz S-Class line. The Chief Executive Officer of the company, Dieter Zetsche, said in the statement, cited […] Read more

Lloyds Banking Group Plc. share price steady, reveals plan to cut jobs

Lloyds Banking Group Plc. is set to announce a 10% headcount reduction next week as part of a three-year strategy to reduce expenses and focus on its online presence. Britain’s largest mortgage provider is expected to unveil a plan to let go of around 9 000 people of its staff, as it reports third-quarter results […] Read more

Twitter Inc.’s share price down, to release a new project to attract developers and expand its reach beyond messaging application business

Twitter Inc. is seeking a way to reach beyond its core messaging application and invests in a series of acquisitions in order to become more competitive against its biggest rivals Google Inc., Apple Inc. and Facebook Inc. The company is also trying to get into China, where its microblogging service is banned by the government. […] Read more

EMC Corp.’s share price up, posts a 8.9% revenue increase during the third quarter, cuts full-year profit forecast

The U.S.-based storage computers manufacturer, EMC Corp., reported today on its earnings over the third fiscal quarter, which came below initial analysts forecasts, amid decreasing customer spending on storage. According to the companys statement, EMC profit for the period, excluding some expenses, amounted to 44 cents per share. Its revenue increased by 8.9% to reach […] Read more

GlaxoSmithKline Plc. share price up, announces better-than-expected third-quarter results

GlaxoSmithKline Plc reported third-quarter profit that surpassed analysts projections and unveiled a new cost-saving program and management structure, as sales in the U.S. continue to pull down overall performance. On Wednesday the pharmaceutical giant said in a statement that it will reduce expenses by £1 billion over the next three years, with around 50% delivered […] Read more

Boeing Co.’s share price up, increases its full-year profit forecast on strong third-quarter performance and strong demand for its jetliners

Boeing Co. made an official statement today that its earnings rose by 17% over the third quarter due to stable demand for its jetliners. In addition, the U.S.-based company also boosted its full-year profit forecast. According to the statement by Boeing, the company projected that its earnings for 2014, excluding some pension costs, will be […] Read more

Deutsche Lufthansa AG’s share price down, to sell information-technology business to International Business Machines Corp.

Deutsche Lufthansa AG made an official statement today that it intends to sell a stake in its information-technology unit to International Business Machines Corp. Lufthansa agreed to sign a seven-year service contract with IBM in order to cut expenses. The Chief Financial Officer of the company, Simone Menne, took a statement, cited by the Wall […] Read more

Peugeot SA share price up, raises 2014 full-year forecast as sales rise

PSA Peugeot Citroen said cash flow target is within reach two years earlier as strong demand in China contributed to a third-quarter increase of revenue. CFO Jean-Baptiste de Chatillon stated in front of journalists that Peugeot will probably hit positive operational cash flow this year, rather than in 2016 as predicted. He also added that […] Read more

Heineken’s share price down, posts third quarter revenue that misses initial analysts’ estimates

Heineken, which rejected to negotiate with SABMiller Plc in September, made an official statement on its results for the third fiscal quarter. It became clear that its sales growth during the period missed initial analysts forecasts. The Chief Executive Officer of the company, Jean-François van Boxmeer, said in a statement, cited by the Wall Street […] Read more