Stock News

AbbVie Inc.’s share price up, board to reconsider its recommendation to shareholders to support the $55-billion acquisition of Shire Plc

The board of directors of AbbVie Inc. revealed that it intends to reconsider its decision to recommend the companys investors to support the takeover of Shire Plc amid changing tax rules in the U.S. The acquisition of Shire is estimated to $55 billion. AbbVie said in an official statement, cited by Bloomberg, that there is […] Read more

Domino’s Pizza Inc share price soars, quarterly profits exceed expectations

Dominos Pizza Inc reported on Tuesday that Q3 profit surpassed Wall Streets estimates, another better-than-expected performance, thanks to strong sales overseas and on home turf in the US, where competitors struggle. For the quarter ended September 7th, the second-largest U.S. pizza chain by store count reported a $35.6 million net income, or 63 cents per […] Read more

Daimler AG’s share price up, reveals an 80% increase in cash flow from industrial operations

Daimler AG made an official statement today that cash flow from its industrial operations increased by about 80% over the third quarter in the fiscal year, as its Mercedes-Benz Cars division posted larger earnings. Frank Biller, an analyst at LBBW, commented for Bloomberg: “The results are significantly better than expected. This shows that fears of […] Read more

JPMorgan Chase and Co share price down, reports Q3 performance

JPMorgan Chase and Co released its results several hours earlier than expected on Tuesday, reporting a third-quarter profit, compared to a loss a year earlier. The bank announced net income of $5.57 billion, or $1.36 per share, an improvement from last year, when the company was $380 million below the zero mark. Still the company […] Read more

SABMiller share price down, sales in China and Australia drop

SABMiller Plc reported a fall in sales in China and Australia, causing overall deliveries to jump by 5% in the first fiscal half ended September 30th, trailing forecasts for 5.5%. The producer of Miller Lite, Grolsch and Peroni said that volume of beer fell 1% during the six months ending September, including a 3% decrease […] Read more

Google Inc.’s share price down, to expand its Google Express online shopping service

Google Inc. said in a blog post that it expanded its online shopping and delivery services to more cities in the U.S., including Boston, Washington D.C. and Chicago in an attempt to pose a challenge to its major competitor Amazon.com Inc. in order to lure customers. As reported by the Wall Street Journal, Vice President […] Read more

Lithia Motors Inc share price slumps, cuts Q3 profit forecast

Lithia Motors Inc reported on Monday that Q3 earnings are expected to be below the previous forecast, but still higher compared to last year, and also tuned down its Q4 and full-year estimates. The U.S. car retailer said that it would not hit its Q3 target and has adjusted its net income from continuing operations […] Read more

Burberry Group Plc’ share price down, reports slowing sales growth and posts warning of slight downward pressure on margins

The U.K.-based luxury brand Burberry Group Plc reported in a statement that there was a slowdown in its sales growth over the second fiscal quarter amid decreased demand by Chinese customers. According to Burberrys statement, its total underlying sales in the quarter ended on September 30th, increased by 14% and reached £1.1 billion ($1.8 million) […] Read more

General Electric Co.’s share price down, its Capital Aviation Services to acquire Milestone Aviation Group in a $1.78-billion deal

The leasing unit of General Electric Co., said in a statement that it reached an agreement over the acquisition of the biggest helicopter leasing company in the world, Milestone Aviation Group, in a deal estimated to $1.78 billion. GE Capital Aviation Services revealed that under the terms of the deal 168 helicopters, which are worth […] Read more

J.C. Penney Company Inc share price down, appoints new CEO

J.C. Penney Co Inc named on Monday Marvin Ellison as its next CEO after an 18-month search, in an attempt to turn the companys losing course around. Mr. Ellison, currently CEO of Home Depot Inc, will join the company in November as a board member and later, in August will take over as CEO, succeeding […] Read more