Stock News

Hewlett-Packard Co. share price surges, plans to spin off PC and printer operations in a separate company

According to a person familiar with the situation, the Chief Executive Officer of Hewlett-Packard Co. – Ms. Meg Whitman intends to separate the companys personal-computer and printer units from its enterprise hardware and service business, a move she rejected last year. People close to the companys plans shared that Hewlett-Packard will officially announce the spin-off […] Read more

Samsung Electronics share price up, to spend $15 billion in South Korean chip plant in search for growth

Samsung Electronics Co. Ltd announced that it will invest KRW15.6-trillion ($15-billion) in building a chip plant located in South Korea. The plant, which will be able to make both memory and processor chips, is considered a part of the companys strategy to seek growth in other industries apart from the saturated smartphone segment. The Chief […] Read more

HTC Corp. share price up, Q3 profit beats forecasts due to one-time gains

HTC Corp. reported a second-straight quarterly profit on Friday, reversing a heavy loss from a year earlier, but extended a three-year sales decline amid fierce competition in both the low and high-end smartphone segments. According to the companys statement, its preliminary net income during the three months ended September 30th was NT$640 million ($21 million), […] Read more

EasyJet Plc share price up, boosts full-year earnings projection

British budget airline EasyJet Plc raised its full-year earnings projection, boosted by lower-than-expected fuel costs and by extra passengers during a recent two-week pilot walkout at Air France-KLM. According to EasyJets statement, the company expects a pretax profit estimated in the range from £575 million to £580 million in the fiscal year ended September 30th, […] Read more

Iliad SA share price down, aims for larger stake in T-Mobile

According to people with knowledge of the situation, who asked not to be named because the information is still private, Iliad SA is planning to make a new bid for a larger stake in T-Mobile U.S. Inc., the US division of Deutsche Telekom AG. In July 2014, the France-based company made an offer for the […] Read more

General Motors share price up, recalls 117 651 vehicles due to possible manufacturing defect

General Motors Co. is conducting its 69th recall this year to bring the total number of vehicles pulled back to over 29 million. The largest US car manufacturer is withdrawing a total of 117 651 cars and trucks from the 2013-2014 model years due to a possible manufacturing defect in a chassis control module. GM […] Read more

RadioShack share price up, reaches $590-million refinancing deal with Standard General-led consortium

According to a person with knowledge of the matter, cash-strapped electronics chain RadioShack Corp. managed to reach an agreement with a consortium led by Standard General LP to refinance loans estimated to about $590 million to re-stock ahead of the holiday season. In September 2014, RadioShack warned it may be forced to file for bankruptcy […] Read more

SoftBank Corp. share price down, acquires a $250-million stake in Legendary Entertainment

SoftBank Corp. revealed in a statement it will spend $250 million to acquire a minority stake in closely-held Legendary Entertainment, providing the Japan-based company with online rights to the merchandise, TV and film business of the studio. Tomoaki Kawasaki, an analyst at Iwai Cosmo Securities Co Ltd commented on the companies settlement for Bloomberg: “The […] Read more

JPMorgan share price down, cyber attack scope estimated at 76 million households

JPMorgan Chase and Co, the largest US bank, said that a cyber breach that was first reported in August had given hackers access to the personal information of 76 million households and 7 million businesses, one of the largest attacks on a financial institution. According to people familiar with the matter, the attack remained unnoticed […] Read more

Samsung Electronics share price down, to build a $560-million appliance plant in Vietnam

Samsung Electronics Co. Ltd announced its intentions to build a $560-million factory in Vietnams Ho Chi Minh City as part of its strategy to expand production in the country, benefiting from its cheap labor costs. The 700 000-square-meter complex, where Samsung will manufacture TVs and other home appliances, will be used to meet mid- and […] Read more