Stock News

Philips Electronics’ share price down, the Chief of its healthcare unit to step down after posting “disappointing” profit

Philips Electronics made an official statement, announcing that the Chief of its health-care unit Ms. Deborah DiSanzo has stepped down after spending two years as head of the medicine dispenser and scanner division. The decision of Ms. DiSanzo to depart from Philips came after the healthcare division of the Dutch company posted “disappointing” results over […] Read more

Alcoa Inc.’s share price up, beats analysts’ forecasts by posting a 138-million-dollar profit during Q2

The U.S.-based aluminium manufacturer Alcoa Inc. made an official statement revealing that its profit over the second fiscal quarter was better than expected due to the stability of the companys traditional aluminium smelting business. According to the statement of Alcoa Inc., the second-quarter profit excluding restructuring costs and other one-time items amounted to 18 cents […] Read more

Adidas AG’s share price down, offers a sponsorship deal to Manchester United for over $100 million a year

As reported by a person familiar with the process, Adidas AG offered more than 60 million pounds (103 million dollars) on an yearly basis to Manchester United in return to the rights to supply the U.K. teams sportswear, stealing the deal right under the nose of its major rival Nike Inc. Nike Inc. and Manchester […] Read more

Citigroup Inc.’s share price down, nears a 7-billion-dollar settlement with the U.S. Justice Department

According to a person close to the process of negotiations, Citigroup Inc., which is currently the third-largest bank by assets in the U.S., may be near an agreement with federal prosecutors. The latter may be signed as early as next week and is expected to close a mortgage-backed bonds sales probe. As reported by the […] Read more

AbbVie Inc.’s share price down, increases its cash-and-stock bid for Shire Plc to 51.5 billion dollars

AbbVie Inc. made an official statement on Tuesday, saying that it made a fourth bid to acquire Shire Plc. The drug manufacturer revealed that it has decided to increase the price to about 30.1 billion pounds (51.5 billion dollars). The new offer values the shares of Shire at 51.15 pounds apiece, which is 11% higher […] Read more

Amazon.com Inc.’s share price down, circumvents Hachette by offering writers 100% of e-book proceeds

Amazon.com Inc. is to offer authors, who are involved in the companys dispute with Hachette Book Group all of the proceeds gained from any digital books sale. This step is considered a strategy of the company to circumvent the publisher and refer directly to the authors. The Web retailing giant sent a letter to writers, […] Read more

Bayerische Motoren Werke AG’s share price down, posts record car sales due to rising demand in China and the U.S.

Bayerische Motoren Werke AG made an official statement on Tuesday, revealing that it managed to sell more cars than ever before in the first half of the year, mainly because of strong demand in China. BMW Group sold 1.02 million vehicles under the brands BMW, Mini and Rolls-Royce globally, which is 6.9% more than in […] Read more

Air France KLM SA’s share price down, reduces its FY earnings projection due to overcapacity

The biggest airline in Europe – Air France KLM SA reduced its full-year earnings projection due to overcapacity on North American and Asian routes combined with poor shipment demand. The company said in its statement, which was cited by Bloomberg: “While not representing a turning point in market trends, the June traffic figures published today […] Read more

Marks and Spencer Group Plc’ share price down, posts a decline in clothing sales amid new website design

The biggest clothing retailer in the U.K. – Marks & Spencer Group Plc made an official statement today, saying that its apparel sales continued their decline over the first fiscal quarter as customers needed to adapt to the new design of the companys website. The company also explained that it finds the market conditions are […] Read more

Delta Air Lines Inc.’s share price down, reduces flights to Venezuela due to currency issues with Venezuelan government

Delta Air Lines Inc. decided to reduce the number of flights between the U.S. and Venezuela due to some difficulties related to repatriating revenue. The company made an official statement, revealing that it intends to reduce 85% of its flights to Venezuela starting August 1st. One of the spokeswomen of Delta Air Lines Inc. – […] Read more