Stock News

Pfizer Inc. share price down, approaches Actavis with a takeover offer to move tax domicile overseas

According to people familiar with the situation, Actavis was approached for acquisition talks by Pfizer Inc in the US companys latest attempt to reduce its tax rate. The people close to the process, who asked not to be named, because the information is still private, shared that no formal negotiations between the two companies have […] Read more

Alibaba Group Holding Ltd share price down, to create a $163-billion loans marketplace, focuses on mobile advertising

Alibaba Group Holding Ltd, the largest e-commerce company in China, will use its finance arm to create a marketplace for 1 trillion yuan ($163 billion) of loans. The company is stimulating more Chinese citizens to borrow and lend money and is planning to bring its idea to life in as soon as two years. The […] Read more

Tesco Plc share price down, newly-appointed CFO Alan Stewart steps in earlier than scheduled

Tesco Plc revealed in an official statement today that Mr. Alan Stewart will take the position of Chief Financial Officer today. Mr. Stewart was released early from Marks & Spencer Group Plc to take over the U.K.-based grocers finances more than two months ahead of his start date, which was initially scheduled for December 1st. […] Read more

Hyundai share price extends slump, workers strike to protest huge HQ splurge

Hyundai Motor Co., the biggest car manufacturer in South Korea, earned wide condemnation, reflected heavily in the stock, last week, by spending almost $10bn on a real estate asset, set to become its new HQ. The price tag was about three times the perceived value of the property, and the move drew heavy criticism from […] Read more

Raiffeisen Bank International AG share price down, forecasts first annual loss, may take an additional write-down

Raiffeisen Bank International AG, the second-biggest bank operating in Eastern Europe, fell the most in three years after projecting its first annual loss due to surging bad-debt provisions. According to a statement by the banks Chief Executive Officer Mr. Karl Sevelda, Raiffeisens loss may widen to between €50 million ($64 million) and €500 million. He […] Read more

Allergan Inc. share price down, revives negotiations over the acquisition of Salix Pharmaceuticals

According to people familiar with the matter, Allergan Inc. has renewed negotiations over the acquisition of Salix Pharmaceuticals Ltd, which first started in July, as it seeks to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc. The acquisition of Salix, if finalized, is likely to be valued at more than $10 billion […] Read more

Philips Electronics share price up, intends to split operations in two separate companies to focus on health care and consumer goods

Philips Electronics revealed in an official statement today that its Chief Executive Officer Mr. Frans van Houten intends to split the companys operations in two new companies. This step will allow Philips to prepare its lighting unit for a future as an independent entity, while the rest of the company will focus on its health-care […] Read more

Apple Inc. share price up, beats last years’ sales with a record of 10 million new iPhones sold over the first weekend

Apple Inc. managed to sell a record number of iPhones over the first weekend after its two new flagship models were released. The company said in an official statement that its iPhone sales rose to a record of more than 10 million and beat the 9 million units sold by the company in 2013 after […] Read more

Tesco Plc share price down, investigates accounting practices and suspends four senior executives

Tesco Plc started a probe over accounting practices and suspended four of its senior executives, including the chief of its operations in the U.K., after an employee signaled an overstatement of the companys first-half profit. Independent outside auditors and legal counsel were called in order to investigate an overstatement of the projections amounting to £250 […] Read more

Alibaba breaks world IPO record as underwriters sell additional shares

After breaking the record for biggest US IPO, Alibaba Group Holding Ltd.s listing now ranks as the worlds biggest in history at $25 billion as underwriters exercised an option to sell additional shares amid sky-high investor interest. The overallotment was first reported by the Wall Street Journal. During Alibabas debut on Friday, shares failed to […] Read more