Stock News

WPP Plc share price up, posts rising first-half profit despite currency headwinds

The worlds biggest advertising agency by sales – WPP Plc said in a statement today that it has surpassed its forecast at the beginning of the year after its first-half sales exceeded analysts projections. WPP Plcs Chief Executive Officer Mr. Martin Sorrell said in a telephone interview today, which was cited by Bloomberg: “We’re strongly […] Read more

Western Digital Corp. share price up, names Olivier Leonetti as successor to CFO Leyden

Western Digital Corp. announced that the vice president of Amgen Inc. – Mr. Olivier Leonetti is to take over the position of Chief Financial Officer as of September 8th. Mr. Leonetti is to succeed Mr. Tim Leyden, who will retire after spending 24 years at Western Digital Corp. The companys Chief Executive Officer Mr. Steve […] Read more

Time Warner Inc. share price down, Turner Broadcasting unit to offer voluntary buyouts to 4% of its workforce

According to a person with direct knowledge of the matter, Time Warner Incs Turner Broadcasting cable TV unit intends to offer voluntary buyouts to between 500 and 600 senior employees this week as part of its cost reduction plan. The Turner Broadcasting division currently generates more than half of the companys operating income. The person […] Read more

Amazon.com Inc.’s share price up, to acquire Twitch for $970 million

Amazon.com Inc., the worlds second-largest online retailer, announced it has reached an agreement to acquire the leading online video-game broadcasting provider Twitch Interactive Inc. for $980 million. Twitch.tv is the leading video platform for gamers for both live streaming and on-demand videos (VODs), with more than 55 million monthly active users. In February 2014, The […] Read more

VMware Inc.’s share price down, to launch new products in response to competition

VMware Inc. announced plans to expand and improve its “virtualization” software, and to delve into hardware, in a move widely seen as an acknowledgment of threatening freeware competition in its lucrative business. “As a technology, it starts off like what we did for server virtualization,” said Edward Hsu, director of the product marketing division of […] Read more

Boeing Co. share price up, secures $8.8bn order from BOC Aviation

Boeing Co., the second-largest aerospace and defense contractor in the world, announced it has secured an order for 82 jets worth $8.8bn by list prices from Bank of China Aviation, the Singapore-based aircraft leasing subsidiary of BoC. The order includes 50 single-aisle 737 Max aircraft, and 30 737-800, as well as two 777 wide-body aircraft. […] Read more

Amazon.com Inc. share price down, plans to launch an online advertising program to compete with Google’s AdWords

Amazon.com Inc. plans to pose a direct challenge to Google Inc., which currently dominates the online advertising market, by developing its own ads placement software. According to people with knowledge of the matter, Amazon is to replace the ads on its pages via a new in-house placement platform. One of the analysts, who works at […] Read more

Apple Inc. share price up, launches an iPhone 5 battery replacement program

Apple Inc. admitted in a statement that some of its smartphones sold two years ago were issued with faulty batteries. As a result, the company is launching a replacement program of its iPhone units faulty batteries. Apple Inc. said in a note, which was cited by the Time: “Apple has determined that a very small […] Read more

Sony Corp.’s share price up, PlayStation Network back online after cyber attack, no user details accessed

The PlayStation Network of Sony Corp. was back online today after a cyber attack overloaded it, which resulted in taking it down over the weekend. No user details were accessed or stolen, the company said. “The PlayStation Network and Sony Entertainment Network have been impacted by an attempt to overwhelm our network with artificially high […] Read more