Stock News

Sprint Corp.’s share price down, ends acquisition talks with T-Mobile US Inc., to replace its CEO

Sprint Corp. has decided to put an end to the negotiations over the acquisition of T-Mobile US Inc. According to a person familiar with the matter, regulatory concerns offset the potential benefits of the eventual deal that would have combined the third- and fourth-biggest wireless carriers in the U.S. into a new entity. The regulators […] Read more

Toyota Motor Corp.’s share price down, posts record Q1 profit on rising SUV sales in the U.S.

The worlds largest auto manufacturer – Toyota Motor Corp. made an official statement yesterday, reporting that its profit jumped to a record over the last financial quarter. The upbeat results were tied to the rising SUV in the U.S., which managed to neutralize the negative impact of the decreasing demand in Japan. According to the […] Read more

Telefonica SA’s share price down, bids 6.7 billion euros for Vivendi’s Brazil GVT unit

Telefonica SA, the second-largest phone carrier in Europe, offered to buy Vivendi SA’s Brazilian Internet-provider unit GVT for 6.7 billion euros (9 billion dollars), in a move to shore up its leadership in Latin Americas largest market. The Spanish telecom giant made an official statement today, announcing that it offered Vivendi 11.96 billion reals (5.3 […] Read more

Bayerische Motoren Werke AG’s share price up, posts strongest profitability since 2011 on increasing China demand

The largest luxury auto manufacturer in the world – Bayerische Motoren Werke AG (BMW) made an official statement today, posting the highest profitability from car manufacturing in three years. The upbeat result was tied to increasing demand in China and a larger number of customers attracted by the X5 sport-utility vehicle, the company said in […] Read more

Hewlett-Packard Co.’s share price up, accuses Autonomy’s founder and ex-CEO of fraud

Hewlett-Packard Co. accused the former Autonomy Chief Executive Officer Mr. Mike Lynch in fraud and explained that it is also preparing to sue Autonomys ex Chief Financial Officer Mr. Sushovan Hussain. The executives of Autonomy and Hewlett-Packard have been attacking each other over the causes of the $8.8 billion writedown taken by HP Co. a […] Read more

American International Group Inc.’s share price up, posts a 13% jump in second-quarter profit

American International Group Inc. made an official statement yesterday, posting a 13% jump in second-quarter profit on a gain tied to the divestiture of an aircraft-leasing division. According to the statement of American International Group Inc., its net income increased from 2.73 billion dollars, or 1.84 dollars per share over the same period last year, […] Read more

LinkedIn Corp.’s share price up, agrees to pay almost 6 million dollars over wage violations settlement

LinkedIn Corp., which is currently the biggest professional social-networking company in the world, revealed in a statement that it agrred to pay 6 million dollars in unpaid wages and damages to a total of 359 current and ex employees of the company in Illinois, New York, California and Nebraska. The administrator of the Department of […] Read more

Roche Holding AG’s share price up, to acquire Santaris Pharma in a 450-million-dollar deal, wins Accutan trial verdict

Roche Holding AG made an official statement, revealing that it is to acquire the privately held Danish biopharmaceutical company Santaris Pharma in a deal valued at up to 450 million dollars. Roche also announced that the acquisition would give it access to a series of drugs for diseases that have proved hard to treat. Mr. […] Read more

OAO Aeroflot’s share price down, suspends flights of its low-cost subsidiary due to EU sanctions

Russia-based OAO Aeroflot made an e-mailed statement yesterday, saying that it suspended the flights of its low-cost division because of some sanctions, which were imposed to the company by the European Union as punishment over the crisis in Ukraine. According to the statement of OAO Aeroflot, which is a state-run flag carrier, servicing, insurance and […] Read more

McDonald’s Corp.’s share price down, resumes full menu in some Chinese cities as soon as this week

McDonalds Corp., which is currently the biggest restaurant chain by sales in the world, made an official statement today, revealing that it intends to resume the sale of beef and chicken burgers in some Chinese cities. The company suspended the sale of some of its products two weeks ago, after one of its main suppliers […] Read more