Stock News

FTSE 100 index holds near 14-1/2-year high, interest rate decisions in focus

Britains headline index was little changed in early trading on Thursday, having risen to the highest since early 2000 on Wednesday, as investors eagerly awaited ECB and BoEs interest rate decisions due later today. FTSE 100 rose 0.17%, or 11.72 points, to 6,885.30 points by 8:33 GMT, having shifted in a daily range between 6 […] Read more

Tesla Motors Inc share price down, to build its first battery plant in Nevada

According to two people with knowledge of the matter, Tesla Motors Inc. is to proceed with building its first battery “Gigafactory” in Nevada. One of the spokesmen of Tesla Mr. Simon Sproule said in an interview that there will be company representatives at the announcement by Nevada Governor Brian Sandoval at 4 p.m. local time […] Read more

Daimler AG’s share price up, to acquire apps Mytaxi and RideScout

Daimler AG, the third-biggest luxury cars manufacturer in the world, acquired the mytaxi and RideScout applications as it seeks to expand its reach into transport services. The company bought 100% of Intelligent Apps GmbH, owner of mytaxi, after it purchased an initial stake in 2012, and RideScout LLC. The price of the acquisitions was not […] Read more

Fiat SpA share price up, Chrysler U.S. sales surge 20% thanks to upbeat Jeep and Ram deliveries

Chrysler Group LLC, owned by Fiat SpA, revealed in a statement that its U.S. sales rose by 20% in August, surpassing analysts initial forecasts, mainly bolstered by a surge in Jeep deliveries. The head of the companys U.S. sales division Mr Reid Bigland said in a statement that was cited by Bloomberg: “Our Jeep brand […] Read more

Sanofi SA share price up, reports successful dengue vaccine test

Sanofi SA, the fifth-largest pharmaceutical company in the world, announced the final phase of the efficacy study of its dengue vaccine had been successful, achieving a clinically significant and commercially promising result. The Paris-based company noted that the results will be thoroughly examined by external experts before a publication is due, but pointed to a […] Read more

General Dynamics Corp share price up, signs a $5.76-billion UK army contract

General Dynamics Corp. has secured a £3.5-billion ($5.76 billion) deal to build nearly 600 fully-digitalized armored vehicles for the UK army as a sign of Britains commitment to protecting the interests of the North Atlantic Treaty Organization. The deal, coming in one day before the UK hosts Natos biennial summit in Newport, Wales, includes the […] Read more

United Internet AG share price up, buys 74.9% stake in Versatel for $771 Million

United Internet AG, the leading internet provider in Germany, reached an agreement with US private-equity firm KKR & Co. to acquire its 74.9% stake in Versatel for €586 million (~$771 million), assuming complete ownership of Germanys second-top fiber-optic network operator. The purchase is “a steal” for United Internet, Usman Ghazi, analyst at Berenberg, wrote in […] Read more

Hermes International SCA share price down, agrees with LVMH over the redistribution of a 23% stake in Hermes

Hermes International SCA finally reached an agreement with LVMH Moet Hennessy Louis Vuitton SA. The companies revealed that they settled their four-year dispute that began when LVMH started the accumulation of a large stake in its smaller competitor. As the Wall Street Journal reported, the two companies explained: By virtue of the agreement reached today, […] Read more

Apple Inc.’s share price up, denies iCloud security breach

Only a week before the official presentation of its new iPhone, Apple Inc. is waging a battle to salvage its reputation, after celebrities nude photos were illegally acquired from its iCloud storage service and leaked on the web. The company denied that its online systems had been breached, but confirmed that some of its iPhone […] Read more

Netflix Inc. share price down, offers a new social recommendation feature, secures “Gotham” streaming rights

The biggest subscription streaming service in the world – Netflix Inc. will add a privacy feature that will provide its subscribers with the opportunity to control which shows they share with friends on Facebook. The worlds largest social network said in a blog post that Netflix will allow its customers to recommend programs and shows […] Read more