Stock News

Luxottica Group SpA’s management turmoil continues, CEO Cavatorta to leave after disagreements with founder Del Vecchio

The biggest eyewear manufacturer in the world – Luxottica Group SpA is to part with another Chief Executive Officer, as Mr. Enrico Cavatorta has decided to leave the company. The news hints that the imbalance at the manager level of Luxottica, which is considered to have started in September, is still troubling the eyewear maker. […] Read more

Novartis AG share price down, acquires a 2.8% stake in Oxford BioMedica as part of a $90-million deal

Novartis AG shared in an official statement that it managed to strike a deal to acquire a stake in Oxford BioMedica Plc, allowing the Swiss drug manufacturer to work with the U.K.-based gene therapy specialist on a new cancer treatment. The Chief Executive Officer of British Oxford BioMedica – Mr. John Dawson shared that the […] Read more

Infosys Ltd share price up, Q2 profit tops analysts’ estimates

Infosys Ltd rallied to a record in Mumbai on Friday after the company, the second-biggest software services provider in India, revealed in a statement that it intends to issue stock as dividend to shareholders and that its second-quarter profit surpassed analysts forecasts. According to the India-based companys statement, the board of Infosys recommended shareholders to […] Read more

Volkswagen AG share price down, September sales rise 3%, expands cooperation with China’s FAW Car Corp.

Volkswagen AG said in a statement that its sales in September rose by 3% from a year earlier and that it could surpass the 10-million mark of vehicles sold this year. Christian Klingler, member of VWs management board, commented on the companys performance for the Wall Street Journal: “Even though markets remain challenging, we nevertheless […] Read more

BMW share price down, loses ground but remains on top of the food chain

BMW reported a smaller sale rate increase of its luxury cars in September compared to earlier this year, but remains global market leader in the segment for a 10th straight year. The owner of BMW, MINI and Rolls-Royce car brands said it experienced a slowdown in sales in its luxury car division. Nevertheless, BMW reported […] Read more

Family Dollar Stores Inc share price steady, Q4 earnings drop

Family Dollar Stores Inc reported a fall in fourth-quarter earnings as the takeover battle between two competitors continue. Net income of the company fell by 66% in the three-month period ended August 30th. The discount retailer reported a profit of $34.5 million, or 30 cents a share, compared to $102.2 million, or 88 cents per […] Read more

Endo International Plc share price up, to acquire Auxilium Pharmaceuticals in a $2.6-billion deal

Endo International Plc agreed to purchase Auxilium Pharmaceuticals Inc. in a $2.6-billion cash-and-stock deal, gaining access to testosterone treatments. Auxilium shareholders will be provided with the opportunity to choose between cash, stock or a combination of both. The takeover still needs the approval of Auxiliums investors, but the transaction is expected to be finalized within […] Read more

Symantec Corp. share price down, considers to separate its business into two companies

Symantec Corp. may soon follow the example of companies such as Hewlett-Packard and eBay which announced reorganization split-ups in order to make their business more competitive. According to people familiar with the situation, Symantec is considering to divide its businesses into two separate entities. The people, who asked not to be identified, because the companys […] Read more

Tesla Motors Inc share price down, announces improvements on Model S

Tesla Motors Inc introduced an upgraded version of their Model S, featuring driver-assisting tools, two motors, “autopilot” and all-wheel drive. Last week Tesla send a mysterious tweet, preparing the public for the release of the D-technology. “About time to unveil the D and something else”, the message was retweeted more than 14 000 times and […] Read more

PepsiCo share price down, Q3 profit jumps, boosts full-year outlook

PepsiCo reported third-quarter profits increase, overtaking analysts forecast and boosting yearly earnings estimates as the company raised prices on their products and trimmed costs. In a statement dated October 9th the company reported a net income of $2 billion, a 5% increase, compared to $1.91 billion a year earlier, or $1.32 per share to $1.23. […] Read more