Stock News

H&M share price down, reports a decline in third-quarter profitability, slow sales growth in September

The worlds second-largest clothing retailer – H&M Hennes & Mauritz AB reported today that third-quarter profitability fell further and warned that higher garment costs will drag on margins through the end of the year. The company reported quarterly profit in line with expectations but unusually warm weather held back customers from renewing their autumn wardrobes, […] Read more

GlaxoSmithKline Plc share price up, appoints Mr. Philip Hampton as chairman to succeed Gent

GlaxoSmithKline Plc revealed in an official statement today that it will appoint Mr. Philip Hampton as next chairman to succeed Christopher Gent at a time when the company is trying to deal with downbeat sales in the U.S. and a bribery fine in China. Mr. Philip Hampton, currently chairman of Royal Bank of Scotland Plc, […] Read more

Deutsche Post AG share price up, to conduct first routine unmanned drone deliveries to customers

The biggest postal service in Europe – Deutsche Post AG will start delivering medicine and other urgent goods to a German island located in the North Sea using unmanned helicopters. The service marks the first routine drone delivery to customers and comes at a time when global companies such as Amazon.com Inc. and Google Inc. […] Read more

BlackBerry share price down, releases its new Passport phone to win back business users

BlackBerry officially presented its square-screen Passport phone at events all over the world in a push by Chief Executive Officer Mr. John Chen to attract business users. The Canadian companys new Passport phone is the first new major product launched worldwide since Mr. Chen took over the position of Chief Executive Officer in November 2013. […] Read more

Apple Inc. share price down, withdraws latest iOS update after customer complaints

Apple Inc. withdrew its latest update for the iOS operating system as the new software was reported to have caused problems that resulted in some customers losing cellular service. According to some users, the fingerprint reading Touch ID feature was also not working properly after the software update. The U.S.-based tech giant apologized for the […] Read more

Samsung Electronics Co. share price down, to release its new Galaxy Note 4 device in China earlier than planned

Samsung Electronics Co. will start selling its Galaxy Note 4 smartphone in China by the end of September, sooner than initially planned, amid persisting concerns over the companys declining earnings. The step will provide the company with a head start on Apple and its new iPhone 6 and iPhone 6 Plus models, which are currently […] Read more

Activision Blizzard share price down, Titan project axed

The mysterious next-gen MMO project Titan, developed by Blizzard for seven years, had been canceled, the companys CEO said in an interview for Polygon, souring some of the hype as fans look to BlizzCon in November. The game had never been announced in the first place, though it was acknowledged by Blizzard and quite discussed […] Read more

Vodafone Group Plc share price up, CEO Hoencamp aims at growth within two years

The Chief Executive Officer of U.K.-based Vodafone Group Plc – Mr. Jeroen Hoencamp revealed that his main goal is to return the company back to growth in the next two years. The company, which is the largest mobile phone carrier outside of Asia, will battle a long-term decline with growth in both sales and profits […] Read more

Apple Inc. share price up, iOS 8 said to cause app crashes, battery problems

According to a report by Crittercism Inc., the latest software update of Apple Inc. for its iPhone and iPad units is causing some popular applications to crash more frequently than usual, among other glitches. Crittercisms Chief Executive Officer Mr. Andrew Levy said for Bloomberg: “It just goes to show how hard it is to test […] Read more

Starbucks Corp. share price down, buys remaining 61% stake in Japan division

Starbucks Corp., the biggest coffee-shop chain in the world, revealed that it had reached an agreement over the acquisition of the remaining 61% stake in its Japanese operations for $913.5 million. The acquisition will include purchasing a 40% stake from Sazaby League for $505 million and a 21% stake held by public investors for $408.5 […] Read more