Stock News

Blackstone Group LP share price down, nears acquisition of Investec’s mortgage lender Kensington in cooperation with TPG

U.S.- based asset managers Blackstone Group LP and TPG are drawing closer to acquiring British subprime mortgage lender Kensington, which is currently owned by the financial services provider Investec. The deal is considered a sign for increasing global investor interest towards the U.K. market. According to Sky News, which first reported of the deal, the […] Read more

J C Penney Company Inc.’s share price up, posts a smaller second quarter loss

J C Penney Company Inc. made an official statement and shared a smaller second ­quarter loss due to the fact the company has benefited from promotions and discounts, which attracted more customers over the period. The U.S.­based department ­store chain hasnt posted an annual profit in three years. According to the companys statement, the net […] Read more

Electrolux AB’s share price up, in preliminary negotiations to acquire the appliance unit of General Electric Co.

Swedish appliance maker Electrolux AB revealed that it has held preliminary negotiations with General Electric Co. over the acquisition of the latters appliance business. This step makes the company part of other potential suitors, who have been focused on contracts that would provide them with the opportunity to expand their reach in North America. Still, […] Read more

BHP Billiton Plc’ share price up, considers a spin­off of some assets to focus on core operations

The largest mining company by market value in the world – BHP Billiton Plc made an official statement today and revealed that it may announce a spin­off of some of its assets next week. The assets in question were purchased by the company three years ago and currently amount to about 12 billion dollars. BHP […] Read more

The Coca­Cola Co.’s share price up, acquires a 17% stake in Monster Beverage

The biggest beverage company in the world – The Coca­Cola Co. revealed in a statement that it agreed to exchange some brands and acquire a 17% stake in Monster Beverage Corp. The price of the deal is estimated to about 2.15 billion dollars. Under the terms of the contract, The Coca-Cola Co. gets the right […] Read more

Samsung Electronics Co. Ltd’s share price down, to acquire start­up SmartTings to set foot at smart homes

Samsung Electronics Co. Ltd is to acquire the start­up SmartThings, which produces mobile applications that remotely control home devices. This step is considered to be provoked by the companys desire to set foot at home automation as a worthy rival of other technology giants such as Apple Inc. and Google Inc. The Chief Executive Officer […] Read more

Wal-Mart Stores Inc.’s share price down, cuts FY profit projection due to slow sales growth and higher expenses

The biggest retailer in the world – Wal-Mart Stores Inc. reported in an official statement today that its same-store sales were stagnant during the three months ended August 1st. The company also reduced its full-year earnings forecast due to bigger health-care expenses and additional investments made in its e-commerce business. Under the lead of Mr. […] Read more

T-Mobile U.S. Inc.’s share price up, CFO Carter calls Iliad SA’s $15 billion offer “inadequate”

The Chief Financial Officer of T-Mobile U.S. Inc. said yesterday at an investor conference in Boston that the company considers the majority stake acquisition bid of Iliad SA was too low, as it did not take into account T-Mobiles prospects of growth. T-Mobile U.S. Inc.s Chief Financial Officer Mr. Braxton Carter called the $15 billion […] Read more

RWE AG’s share price down, posts a sharp Q2 profit decline on weak demand

The German largest electricity producer – RWE AG posted today a 62% profit decline over the second three months of the fiscal year. The company said the downbeat results were tied to the pressure on power prices in Europe, while the demand was affected by weak economic growth and subsidized renewable energies. RWE AG revealed […] Read more

Cisco Systems Inc.’s share price down, to cut 6 000 employees as it struggles to return to growth

Cisco Systems Inc., the worlds biggest networking-equipment manufacturer, is to take another round of job cuts after reporting a quarter of poor sales growth. The company revealed that it is to eliminate 6 000 jobs, which takes the total lay-offs to 18 000 over the last three years. The latest job reductions in Cisco Systems […] Read more