Stock News

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

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