Stock News

Airbus Group NV share price up, nears settlement with Skymark over terminated A380 deal

Toulouse-based Airbus Group NV was reported to be closing in on a settlement with Japans third-biggest carrier, Skymark Airlines Inc, over a canceled order of six Airbus A380 superjumbo jets. The shares of both companies rose, with Skymark surging by an intraday 11%, as investors greeted the possible resolution after months-long quarrel. The Japanese carrier […] Read more

DirecTV share price up, renews Sunday Ticket contract with NFL for $12bn

DirecTV reached an agreement with the National Football League to continue airing games every Sunday for a reported price of $1.5bn per year for eight years, costing the network $12bn. “NFL Sunday Ticket has always been the centerpiece of DirecTV’s sports leadership and we’re pleased to continue our relationship with the NFL and be a […] Read more

Verizon share price down, joins US carrier price war

Verizon Communications Inc., the biggest wireless carrier in the US, launched its October promotional line-up, meeting expectations to double data offers, following suit after top rivals Sprint and AT&T had already launched the “price war”. The announcement comes after on Saturday AT&T said that it intends to double the data amount available on higher-end share […] Read more

Hyundai Motor Co. share price down, union workers approve pay raise agreement to end walkout

Hyundai Motor Co. reached a tentative deal with its unionized workers in South Korea following a close vote in favor of a proposed payment raise, putting an end to walkouts which may cost the company more than $800 million in lost output. Union spokesman Hwang Ki Tae announced that the long-expected settlement between labor representatives […] Read more

Coca-Cola share price up, reduces stock compensation plan following investor criticism

Coca-Cola Co. gave in to investor pressure and agreed to curb a senior-executive compensation plan which was categorized as “excessive” by Warren Buffet and faced criticism by other large shareholders. “Coca-Cola has finally conceded that the equity compensation plan it put to a vote of shareholders in April was outrageously excessive and inconsistent with past […] Read more

PepsiCo share price down, to sell its new Pepsi True soda exclusively on Amazon

The second-biggest beverage maker in the world – PepsiCo Inc. – is launching a new stevia-sweetened fizzy drink through Amazon that will contain 30% less calories compared to conventional sodas. “American consumers want to make sure they don’t compromise taste,” Simon Lowden, Pepsi’s chief marketing officer for North American beverages, said in a phone interview, […] Read more

JPMorgan Chase and Co. share price up, to face class action by investors in RMBS lawsuit

A federal judge ruled out on Tuesday that JPMorgan Chase and Co. must face a class action lawsuit by investors, who claimed that they were misled about the risk of $10 billion of mortgage-backed securities, which were sold before the beginning of the financial crisis. U.S. District Judge J. Paul Oetken said that investors claims […] Read more

Fiat SpA share price down, Chrysler US sales surge 19%, Luxembourg tax ruling under scrutiny

Chrysler Group LLC, owned by Fiat SpA, reported on Wednesday that sales in the United States rose by 19% in September from a year earlier, its third consecutive month of double-digit growth in the region. An equal jump in sales registered by Nissan Motor Co. showed the industry kept on pushing forward amid high customer […] Read more

Tesco share price down, to be investigated by the FCA

Tesco Plc is being investigated by the Financial Conduct Authority, UKs financial watchdog, after the company overstated its profit for the first six months of the year, the agency said, sending Tescos stock plummeting. The UK-based grocer nodded about the regulators probe, after it suspended four of its executives in light of its latest earnings […] Read more

Adidas AG share price up, plans to launch a €1.5-billion buyback program

The second-biggest sporting-goods manufacturer – Adidas AG announced today that it plans to launch a €1.5-billion ($1.9 billion) buyback program spanning three years as part of the companys attempt to soothe investor anxiety. According to the information shared in the companys statement, the three-year buyback plan is planned to start in the fourth quarter of […] Read more