Stock News

BP share price slumps, found grossly negligent, up to$20bn more in penalties

BP Plc shares plummeted late on Thursday, after a US judge ruled that the company was found guilty of “gross negligence and willful misconduct” over the 2010 Deepwater Horizon oil spill, the worst offshore spill in the US. US District Judge Carl Barbier, who called BPs conduct “reckless”, has yet to rule on how much […] Read more

Apple Inc. share price down, to review allegations of new labour violations in China

Only a few days before Apple Inc. is set to reveal its new iPhone 6, a report by two U.S.-based non-profit groups accuses the company in safety and environmental violations at a China-located factory run by a supplier of the company. The investigation, which was conducted in August 2014 and the allegations are a fine […] Read more

FTSE 100 index dips ahead of Eurozone GDP, US employment data

Britains headline equity index slid after hitting a multi-year high on Thursday ahead of data by Eurostat which may show the Eurozones economy saw no growth in the second quarter from the first. Investors eagerly awaited the US Labor Departments monthly jobs report, poised to show a job creation pace of over 200 000 for […] Read more

Apple Inc.’s share price down, to notify users of iCloud hack attempts

Apple Inc. revealed that additional steps for keeping the security of its users accounts are being planned. The company, however, again denied that carelessness is the reason why hackers managed to intrude in some celebrities accounts and steal nude photos. The Chief Executive Officer of the company – Mr. Tim Cook said in his first […] Read more

Sony Corp share price down, announces new product lineup

Sony Corp, maker of the PlayStation, is to officially present the next lineup in its mobile devices division, set to deepen cross platform integration, as the new handhelds are designed to connect to the PlayStation 4. The company announced on its website that at the IFA consumer electronics show in Berlin, Germany, scheduled to start […] Read more

Microsoft Corp. share price up, unveils first flagship Lumia 830 after the acquisition of Nokia’s handset unit

Microsoft Corp. unveiled its new Lumia 830 at a conference in Berlin today. This is the first flagship smartphone of the company since Microsoft acquired Nokias handset unit in a €5.4-billion ($7.2-billion) deal in April. Microsoft shared that its new device will have a 5-inch display and a 10-megapixel camera. The price of Lumia 830 […] Read more

Amazon.com Inc. share price down, names Brian Olsavsky to succeed CFO Szkutak

The biggest online retailer in the world – Amazon.com Inc. revealed in an official statement that its Chief Financial Officer Mr. Thomas Szkutak is retiring in June 2015. Mr. Brian Olsavsky, currently vice president of finance for the companys global consumer business is to succeed Mr. Szkutak. Amazon said in its statement that was cited […] Read more

Samsung Electronics share price up, broadens portfolio as new devices unveiled

Samsung Electronics Co., the largest smartphone manufacturer in the world, stepped into the spotlight yesterday, presenting several of its new devices, ahead of a similar event of major rival Apple. The centerpiece of Samsungs event was the 5.6-inch Note Edge, whose display can curve around one side of the device. “The design is quite cool […] Read more

Boeing Co share price up, forecasts more deliveries to China

Boeing Co, the worlds largest aerospace company and the biggest passenger-jet supplier to China, upgraded its projection of Chinese demand over the next 20 years to 6 020 airplanes valued at some $870 billion. The new forecast represents an 8% increase over the previous projection, and bumps China share of total airplane deliveries for the […] Read more

Standard Life Plc share price up, to sell its Canadian business to Manulife in a $3.7-billion deal

Standard Life Plc revealed in an official statement that it has reached an agreement with the biggest life insurer in Canada – Manulife Financial Corp. to sell its Canadian unit in a deal estimated to about C$4 billion ($3.7 billion). The company is making this step to fund a bumper cash payout to investors, which […] Read more