Stock News

Siemens AG share price down, considers a $6.5-billion offer for Dresser-Rand as CEO Kaeser seeks more deals

According to people with knowledge of the matter, the biggest engineering company in Europe – Siemens AG – is considering to make an offer estimated to more than $6.5 billion for Dresser-Rand Group Inc. that could outgun an earlier bid by rival Sulzer AG. One of the people, who asked not to be identified because […] Read more

Alibaba begins trading in New York, share price allocation soars 31%

Alibaba Group Holding, the leading online retailer in the world, began its stock-trading history with an instant and massive 31% jump in value, after NYSE market officials had upped Alibabas valuation on account of a surge in demand, with an indicated median price of $89.00 per share by 15:01 GMT. Many analysts expect underwriters to […] Read more

RBS share price up, scraps plans to relocate headquarters after Scots vote “No” in referendum

Royal Bank of Scotland Group Plc shared in an official statement today that it abandoned plans to relocate its headquarters to England in case Scots voted “Yes” in their referendum for full independence. RBS, which is based in Edinburgh, was not the only bank which said this week it would move its head office to […] Read more

Alibaba begins trading in New York, share price to start at $68

Alibaba Group Holding, the leading online retailer in the world, begins its stock-trading history today, with the launch of its Initial Public Offering on the New York Stock Exchange. Market officials expect the stock to become available to the public withing a few hours of opening, as the massive amount of orders need time to […] Read more

GlaxoSmithKline Plc share price up, receives a $489-million fine for China bribery

GlaxoSmithKline Plc was imposed a fine of £297 million ($489 million) and a top executive received a suspended sentence, for bribing doctors in China, ending a 15-month investigation. “Reaching a conclusion in the investigation of our Chinese business is important, but this has been a deeply disappointing matter for GSK,” Chief Executive Officer Andrew Witty […] Read more

Vivendi SA share price up, sells its Brazilian broadband unit GVT to Telefonica in a €7.24-billion deal

Vivendi SA shared in an official statement today that it agreed to sell its Brazilian broadband division GVT to Telefonica SA in a €7.24-billion ($9.3-billion) deal. The acquisition is made up of both cash and stakes in two other telecoms companies. The acquisition was approved by Vivendis board, but it is still subject to approval […] Read more

SAP SE share price down, to acquire Concur Technologies Inc. in an $8.3-billion deal

German business-management software giant SAP SE said it reached an agreement over the acquisition of Concur Technologies Inc. in a push to boost its cloud-computing operations. “The acquisition of Concur is consistent with our relentless focus on the business network,” said Bill McDermott, SAP chief executive, in the companys statement. “We are making a bold […] Read more

Home Depot Inc. share price up, data breach scale exceedes expectations, about 56 million cards affected

Home Depot Inc. revealed in an official statement that about 56 million credit and debit cards were subject to data breach in the period from April to September 2014. The hacker attack exceeded the scale of the one against Target Corp. in 2013. The companys Chairman and Chief Executive Officer Mr. Frank Blake apologized for […] Read more

Toshiba Corp. share price up, speeds up the restructuring of its PC business, cuts 900 jobs

Toshiba Corp. revealed in an official statement today that it plans to speed up the restructuring of its PC business in order to become more concentrated on the business-to-business field. The Japan-based company also shared that it plans to leave certain consumer markets. “The PC market is expected to see a continuing trend to modest […] Read more

Hyundai Motor Co. share price down, to acquire a $10 billion real estate in Seoul’s Gangnam district

The biggest car manufacturer in South Korea – Hyundai Motor Co. managed to beat a bid by fellow South Korean company Samsung Electronics Co. for a real estate located in Seouls Gangnam district. At KRW10.6 trillion ($10 billion), Hyundais bid is three times bigger than the assessed value of the property. Shares closed more than […] Read more