Stock News

BHP Billiton Plc’ share price down, to spin off $15bn of assets

BHP Billiton Plc shares dropped as the company announced a plan to divest a large portion of its assets, including silver, aluminum, manganese and coal plants and mines, as the company drives towards a simpler and more manageable portfolio. “For over a century, BHP Billiton has progressively reshaped its business to maintain its industry leadership,” […] Read more

Sprint Corp.’s share price down, to launch aggressive marketing campaign

Sprint Corp., the fourth-largest US wireless carrier, revealed that its Chief Executive Officer, Mr. Marcelo Claure, has decided the company will offer covering expenses for customers who switch to Sprint from rival telecoms, in addition to other aggressive marketing moves, only a week after taking over the helm. Covering $350 of expenses to customers switching […] Read more

FTSE 100 index rises to three-week high, central banks minutes in focus

Britains blue-chip index rose for a fifth day to touch the highest level in nearly three weeks following solid performance on Wall Street yesterday, supported by partially seceded geopoltical risks in several regions. Downbeat inflation data hardly affected the headline indexs intraday movements. Market participants awaited the release of FOMCs July meeting minutes and the […] Read more

Microsoft Corp. share price up, restores its cloud-computing service Azure after partial outage

The cloud-computing service Azure of Microsoft Corp. experienced a major global outage for about five hours yesterday. Microsoft announced in an official statement posted on its website that the service was brought back up after a failure that affected at least six of the main components in its multiple data centres. Microsoft shared on its […] Read more

Aeropostale Inc.’s share price up, calls Julian Geiger back as CEO, set for Q2 loss

Aeropostale Inc. announced in a statement that the company is bringing Julian R. Geiger back as the new Chief Executive Officer, after Thomas Johnson, current CEO, and the board agreed to the change. Mr. Geiger, who had a successful run as the companys CEO from 1996 to early 2010, is to once again take over […] Read more

SoftBank Corp. share price up, to offer five-year bonds estimated at 400 billion yen to individual investors

According to a filing with the Ministry of Finance dated today, the Japan-based wireless carrier SoftBank Corp. intends to sell bonds for the first time after it gave up the negotiations over the merger of Sprint Corp. and T-Mobile U.S. Inc. In May 2014, ¥300 billion in five-year bonds were sold by the wireless carrier […] Read more

Sensata Technologies Holding NV’s share price up, to acquire Schrader for $1 billion

Sensata Technologies Holding NV, a Netherlands-based sensor and controls maker, revealed in a statement today that it has agreed the acquisition of Schrader International Inc. from Madison Dearborn Partners LLC. The deal, estimated at $1 billion, will reinforce Sensatas positions in the pressure sensor market, and is expected to add significant earnings in the years […] Read more

Apache Corp.’s share price up, locates big oil reserves off the coast of Australia

Apache Corp. announced the discovery of crude reserves amounting to as much as 300 million barrels off the coast of Western Australia, prompting a surge for its partners shares, ahead of Wall Street trade opening later today. According to the companys statement, oil in at least four locations was found by the companys drills at […] Read more

Daimler AG share price up, Chinese authorities find Mercedes-Benz brand guilty of manipulating prices of spare parts

The official Xinhua News Agency reported that the luxury car unit of Daimler AG – Mercedes-Benz – has been found guilty by Chinese regulatory authorities of manipulating prices of after-sales services. The decision followed an investigation which proved that Daimler AGs Mercedes-Benz luxury vehicles division abused pricing for after-sales services and supplies of replacement parts […] Read more

Google Inc. share price down, acquires digital-photo analysis start-up Jetpac Inc. to bolster mobile and advertising capabilities

Google Inc.s acquisition spree continues with the purchase of software developer Jetpac Inc. as the technological giant focuses on organizing gathered information and delivering it together with ads to both PC and mobile devices users. Google Inc. has been focused on a series of acquisitions to boost its mobile and advertising capabilities. Earlier in August […] Read more