Stock News

Infineon Technologies AG’s share price up, to acquire International Rectifier Corp. for $3bn

Infineon Technologies AG, Germanys largest chip manufacturer, announced that it reached agreement over the acquisition of LA-based International Rectifier Corp. for an estimated $3 billion. The Chief Executive Officer of Infineon Technologies AG Mr. Reinhard Ploss described the deal as “a unique opportunity”. “With their great knowledge of specific customer needs and their application understanding, […] Read more

Amazon.com Inc share price up, enters Shanghai’s free-trade zone to take on Chinese rivals

Seattle-based Web retailer Amazon.com said on Wednesday that it plans to set up operations in Shanghais new 28 km² free-trade zone, allowing it to import merchandise in China cheaper and to better compete with e-commerce rivals Alibaba and JD.com. The company said on Wednesday it signed a deal with authorities in the free-trade zone to […] Read more

United Parcel Service Inc.’s share price up, says customer data may be compromised

United Parcel Service Inc., the biggest package-shipping company in the world, said customers personal and payment data has been exposed to risk due a computer security breach at some of its retail outlets in the period between January 20 and August 11 of this year. “I understand this type of incident can be disruptive and […] Read more

Toyota Motor Corp. share price up, to reduce Lexus spare parts prices in China

Toyota Motor Corp. made an official statement today and revealed that it intends to reduce prices of spare parts in China for its Lexus-branded vehicles. The price change will take effect in September 2014. Toyota made the decision after a Chinese antitrust probe into the auto industry, putting the company in the ranks of other […] Read more

Bank of America Corp.’s share price up, faces a record $17bn settlement with the US Department of Justice

According to people with knowledge of the matter, Bank of America will soon announce it has agreed to a $17 billion settlement with the U.S. Department of Justice over the banks mortgage securities debacle. The agreement is to put an end to the investigation against Bank of America. The bank was accused of misleading buyers […] Read more

FTSE 100 rises as multi-sector gains offset weak miners following downbeat China data

Britains headline index rose on Thursday as gains in pharmaceutical, commercial property and energy stocks offset losses in miners after a preliminary gauge showed manufacturing activity in China growing at the slowest pace in three months in August. The FTSE 100 index stood at 6 773.00 points at 8:50 GMT, up 0.26% on the day, […] Read more

Koninklijke Ahold NV’s share price down, posts downbeat Q2 profit and sales

The Netherlands-based retailer Ahold, which owns U.S. Stop & Shop stores, reported second-quarter results today, revealing a sizable drop in sales and profits, pressuring shares down some 2%. Q2 sales dropped 14% on an annual basis to €7.42 billion (~$9.86bn), while net profits were down 29% to €147 million. The operating margin declined to 3.9%, […] Read more

Hewlett-Packard Co. share price down, posts first revenue increase in 12 quarters due to stronger PC sales

In an official statement dated August 20th, Hewlett-Packard Co. posted its first sales growth in 12 quarters. The company reported fiscal third-quarter sales that surpassed analysts estimates due to improving sales of personal computers. Ms. Whitman said in an interview for the Wall Street Journal: “Im proud of the change in the trajectory of revenue. […] Read more

Target Corp. share price up, growing revenue outweighs lower profits and guidance downgrade

Target Corp., the second-largest discount retailer in the US, posted Q2 earnings today to log robust performance in the US and discouraging data from Canada. Investors acknowledged the steady overall sales growth, and put bets on the new leadership, reversing the pre-market share drop. The Minneapolis-based company reported a 1.7% sales increase on an annual […] Read more

Carlsberg A/S share price down, projects 2014 full-year operating profit decline due to falling sales in Russia

Denmark-based brewer Carlsberg A/S said in an official statement today that it expects its full-year operating profit to fall from a year earlier due to worsening conditions in Russia, which accounts for more than a third of its total profits. The revenue and earnings warning caused the companys shares to drop by nearly 7% in […] Read more