Stock News

Adidas AG’s share price down, cuts its 2014 profitability forecast due to weak second-quarter results

Adidas AG, the worlds second-largest sports gear manufacturer, made an official statement that it will launch a massive marketing campaign in order to stop market share losses as decreasing golf equipment demand and an increase in production costs prompted the company to reduce its 2014 profitability forecast. Mr. Herbert Hainer, who is the Chief Executive […] Read more

Rio Tinto Plc’ share price up, posts a 21% H1 profit increase

Shares of Rio Tinto Plc, the second-biggest mining company in the world, climbed as much as 3% after the company posted H1 earnings today, to reveal its profit increased by 21%. Rio Tinto also kept its plan to reduce its capital expenditure to as little as $8 billion by 2015. According to the statement of […] Read more

Nestle SA’s share price up, plans $8.8-billion share buyback as H1 sales beat estimates

The biggest food company by sales in the world – Nestle SA revealed in an official statement today that it intends to spend 8 billion Swiss francs ($8.8 billion) in a share buyback as it posted upbeat first-half revenue growth. According to Nestle SAs statement, the companys organic revenue (excluding acquisitions, divestments and currency shifts) […] Read more

Priceline Group Inc.’s share price down, to expand China options with a $500-million investment in Ctrip.com

The U.S. largest online travel agent – Priceline Group Inc. revealed that it intends to make a $500-million investment in Ctrip.com International Ltd in an attempt to expand the reach of the two companies at the Chinese market. Mr. Darren Huston, who is the Chief Executive Officer of Priceline Group Inc. commented for Bloomberg: “It’s […] Read more

Google Inc.’s share price up, acquires two start-ups to bolster mobile and advertising services

Google Inc., which owns the most widely-used Internet search engine in the world, is to take control of two start-ups in order to expand its reach in mobile and advertising services. The company is to acquire Emu, which is a smartphone-messaging application, and Directr Inc., which is a video-creation service. Recently, the company has concentrated […] Read more

Bank of America Corp.’s share price up, approaches a record $16 billion to $17 billion settlement with the US DoJ

A person with knowledge of the process reported that Bank of America Corp. is approaching a record settlement of $16 billion to $17 billion with the U.S. Justice Department. The agreement is to put an end to the probes into mortgage-backed bonds sales between 2004 and 2008, which amounted to $965 billion. According to the […] Read more

Walgreen Co.’s share price down, to acquire the rest of Alliance Boots for $15.3 billion

Walgreen Co., the largest US drugstore chain, made an official statement today that it intends to acquire the 55% of Alliance Boots GmbH that it doesnt already own for $15.3 billion. The US company also explained that the takeover deal would not be used in order to move its tax address outside the country. Currently, […] Read more

21st Century Fox Inc.’s share price up, drops its $80-billion bid for Time Warner Inc.

Rupert Murdochs 21st Century Fox Inc. decided to drop its unsolicited $80 billion acquisition bid for Time Warner Inc, a deal that was considered able to reshape the media industry. 21st Century Foxs board decided instead to authorize a $6 billion repurchase of its Class A shares. Mr. Rupert Murdoch, officially announced yesterday that the […] Read more

Telecom Italia SpA’s share price down, reports a 7.6% decline in first half earnings

The biggest phone company in Italy – Telecom Italia SpA, made an official statement today, revealing that its earnings over the first six months of the current fiscal year fell by 7.6%. The company also said that its domestic revenue is still dropping, while the competition on the wireless market is intensifying. The results over […] Read more

Apple Inc. and Samsung Electronics Co.’s share price down, to put an end to patent suits outside the U.S.

Apple Inc. and Samsung Electronics Co. have partially settled their patent war. The two companies have reached an agreement over the patents of smartphones and tablets in several countries worldwide. However, they are still in the middle of a court battle over allegations of copying in the U.S. Samsung has been accused by Apple to […] Read more