Stock News

Volkswagen AG’s share price up, invests $900 million in its US factory to build new SUV model

Volkswagen AG, which is the worlds second-largest auto maker, made an announcement at a news conference and revealed that it intends to build a mid-sized sport-utility vehicle in 2016. The company is currently trying to bring a new life to its sales on the territory of the U.S. The importance of the U.S. market to […] Read more

Teva Pharmaceutical Industries Ltd’s share price down, reveals no chairman chosen, faces fresh confrontation with shareholders

Teva Pharmaceutical Industries Ltd rejected the rumours of having chosen a new Chairman. This happened after the activist investor Benny Landa said that the Vice Chairman Mr. Amir Elstein was chosen as a replacement to the departing Chairman Mr. Phillip Frost. Benny Landa wrote on his blog in a post dated July 13, that was […] Read more

Grupo BTG Pactual’s share price up, to acquire Generali’s Swiss BSI unit for $1.7 billion

The only investment bank that is publicly traded in Brazil – Grupo BTG Pactual was announced to have reached an agreement with Assicurazioni Generali SpA to acquire its Swiss private-banking unit in a deal estimated to 1.5 billion Swiss francs (almost 1.7 billion dollars). Mr. Andre Esteves, who is the current Chief Executive Officer of […] Read more

Airbus Group NV’s share price up, upgrades its A330 jet model to better confront Boeing Co.’s 787 Dreamliner

Airbus Group NV officially revealed that it is upgrading its 20-year old A330 jet at the Farnborough Airshow yesterday. The company is to equp the jet model with new engines in order to meet the competition of its major rival Boeing Co. and its newer 787 Dreamliner. The Chief Executive Officer of Airbus Group NV […] Read more

Mylan Inc.’s share price up, to acquire Abbott Laboratories in an all-stock $5.3 billion deal

Mylan Inc. announced in a statement that it is to acquire the generic-drug Abbott Laboratories in a “spinversion” all-stock deal estimated at $5.3 billion, which will allow both companies to be domiciled outside the US, lowering tax rates. According to the terms of the purchase that were disclosed, 21% of the new company will be […] Read more

Citigroup Inc.’s share price up, announces a 96% decline in profit, reaches a $7-billion mortgage-bond settlement

The third-largest bank in the U.S. – Citigroup Inc. made a statement today, posting its profit for the second financial quarter that surpassed the analysts projections, after excluding the 3.7 billion dollars in expenses associated with a mortgage-bond settlement. The Chief Executive Officer of the bank – Mr. Michael Corbat said in Citigroup Inc.s statement […] Read more

Lindt & Spruengli AG’s share price at a 25-year high, to acquire Russell Stover Candies Inc. in its largest takeover

The biggest maker of premium chocolate in the world – Chocoladefabriken Lindt & Spruengli AG revealed in a statement today that it agreed to purchase Russell Stover Candies Inc. in a deal that would help the company become the third-largest chocolate maker in North America. Following the announcement, the shares of the Swiss company rose […] Read more

AbbVie Inc. share price down, edging closer to an acquisition of Shire Plc

Shire Plc said in a Monday statement that it would allow a takeover by AbbVie Inc., for an updated and improved bid of 31.4 billion pounds ($53.7 billion), after three failed earlier attempts. The US company has moved towards acquiring the UK-based Shire, in a bid to relocate its HQ to the UK, where tax […] Read more

Samsung Electronics Co.’s share price down, to suspend a China-based supplier amid child labour concern

The biggest smartphone manufacturer in the world – Samsung Electronics Co. made an official statement today, revealing that one of its suppliers in China was suspended after the company founded evidence of child labour. According to the statement of Samsung Electronics Co., the case is being investigated by the authorities and the supplier is to […] Read more

Boeing Co.’s share price up, works on a modified 737 to answer low-cost carrier demand

The Chief Executive Officer of the commercial airplane division of Boeing Co., Mr Ray Conner, revealed just ahead of the Farnborough Air Show that the company is working on a modification of its 737 model, which is to have a higher capacity. The narrow-body model targets primarily discount airlines, boarding as many passengers as comfort […] Read more