Stock News

Apple Inc. share price down, EU regulators deem Ireland tax deal illegal

The European Commission found out in its latest crackdown on tax avoidance that the deal which was granted to Apple Inc. by Ireland tax authorities failed to comply to international guidelines, which could result in the company paying considerable sums in back taxes. Yesterday, the European Union released documents that explain why it has decided […] Read more

Microsoft Corp. share price up, unveils Windows 10 to lure business users back

Microsoft Corp. finally revealed some details about its newest operating system at an event in San Francisco. The new Windows 10, as it will be called, has some new features such as added security and a custom applications store. It is primarily focused on attracting business users, who pretty much avoided the previous version of […] Read more

eBay Inc. share price soars, to spin off PayPal in 2015 after investor pressure

The largest online marketplace – eBay Inc. revealed in a statement today that it intends to spin off its payments unit PayPal next year, turning it into a separate entity. The company finally gave in to pressure from activist shareholder Carl Icahn who had been pushing for a split for the past nine months. The […] Read more

Yahoo! Inc. share price down, CEO Mayer put under pressure after AOL merger proposal

The Chief Executive Officer of Yahoo! Inc. – Marissa Mayer – has been put under a lot of pressure lately to sell the U.S.-based company or change its cash management policy. After a recent call from Starboard Value LP for Yahoo to merge with AOL Inc., a letter was sent yesterday to Mrs. Mayer and […] Read more

Royal Bank of Scotland share price up, boosts guidance, cautions on fines ahead

Royal Bank of Scotland Group Plc saw its stock jump today, as the company brightened the projected results through years end, as an improving economic situation in the lenders top markets buoys margins. According to its statement, RBS is to “significantly outperform” its initial projection that 2014 total impairments would reach as much as £1bn […] Read more

Toyota share price down, 2006-2010 Corollas to be probed over unintended acceleration

Toyota Motor Corp. announced that it will recall 690 000 Tacoma pickup trucks, while as many as 1.69 million Toyota Corollas built between 2006 and 2010 could be investigated amid complaints of “unintended low-speed surging”, according to the National Highway Traffic Safety Administration. The NHTSA has also formally started to review a complaint stating that […] Read more

Apple Inc. share price down, receives China regulatory approval to sell new iPhones

Apple Inc. secured the last approval needed from Chinas regulatory authorities and will start selling its new iPhone 6 and iPhone 6 Plus models in the Asian country on October 17th after addressing user security and privacy issues. “We are thrilled to bring iPhone 6 and iPhone 6 Plus to our customers in China on […] Read more

Ford Motor Co. share price slumps, slashes full-year pretax profit forecast to $6 billion

The second-biggest auto manufacturer in the U.S. – Ford Motor Co. revealed in an official statement that it expects to earn a full-year pretax profit estimated to $6 billion dollars, falling short of the targeted range of $7 billion to $8 billion due large car withdrawals and disappointing results in South America and Europe. At […] Read more

GoPro Inc share price up, refreshes Hero camera lineup

GoPro Inc, the maker of miniature cameras used by thrill seekers such as extreme snowboarders and cliff divers, refreshed its Hero camera lineup on Monday, offering a significantly improved and pricier top-end model, while lowering the price tag of its baseline camera. GoPros three refreshed models – the Hero, the Hero4 Silver and the Hero4 […] Read more

Air France share price up, pilots suspend strike, no agreement yet

Air France, the French flag carrier, announced an agreement was reached with the pilots union to resume flight operations after a 14-day strike, which reportedly cost the airline more than €280 million (~$356 million). “Air France welcomes the end of the strike action, which it called for firmly and repeatedly. The strike has been costly […] Read more