Stock News

Telefonica SA share price down, wins European Commission approval for the 11.7-billion-dollar acquisition of E-Plus

The European Commission made an official statement, revealing that Telefonica SA won the approval of the European Union to merge its German unit with the E-Plus division of Royal KPN NV. The antitrust chief of the European Union – Mr. Joaquin Almunia – said at a press conference, which was cited by Bloomberg, that Telefonicas […] Read more

Exxon Mobil Corp.’s share price little changed, plans to invest $1 billion to increase diesel production at Antwerp refinery

The largest energy company by market capitalization in the world – Exxon Mobil Corp., revealed in an official statement today, that it intends to make a 1-billion-dollar investment in order to boost the diesel production at its Antwerp refinery. According to the statement, cited by Bloomberg: “The investment addresses an industry shortfall in capability to […] Read more

Peugeot SA’s share price up, to build a fourth factory in China in collaboration with Dongfeng Motor Corp.

The second-biggest car manufacturer on the territory of Europe – Peugeot SA, made an official statement today that it has decided to build a vehicle factory in China due to increasing demand in the country. This would be the fourth car factory of Peugeot in China, which is to be operated in collaboration with the […] Read more

Bayerische Motoren Werke AG’s share price up, plans a $1 billion investment in a new car plant in Mexico

BMW intends to make a $1 billion investment in a new plant situated in Mexico, a person with direct knowledge of the issue said, as exporting production of cars to the country has become the newest currency price hedge for German car manufacturers. The company refused to make any comments on its plans or disclose […] Read more

Nestle SA share price up, announces partnership with Keurig Green Mountain Inc., disposes of Juicy Juice brand

Nestle SA announced in a statement that it plans to start manufacturing capsules under the brand Coffee-Mate that are compatible with the U.S.-based machines of Keurig Green Mountain Inc. According to their joint statement, the two companies intend to start selling the capsules on the territory of the U.S. in autumn 2014. The announcement of […] Read more

Google Inc. share price up, acquires Songza Media Inc. to boost music services and become more competitive

Google Inc. announced it will acquire the startup Songza Media Inc. in an attempt to boost its music services and better compete with its main rival Apple Inc. Neither one of the companies, however, revealed the price of the takeover. Google commented on the services provided by Songza in the announcement, which was cited by […] Read more

Hormel Food Corp.’s share price up, agrees to acquire CytoSport Holdings Inc. for $450 million

Hormel Foods Corp. made an official statement, revealing that it reached an agreement over the acquisition of CytoSport Holdings Inc. in a deal estimated at about $450 million. The takeover comes as a part of the companys strategy to expand its reach and diversify its products range on the market, adding not only Muscle Milk […] Read more

China Petroleum & Chemical Corp.’s share price down, reveals its rules to choose potential retail asset investors

The largest refiner in Asia – China Petroleum & Chemical Corp. revealed some of the rules that it intends to follow when examining and evaluating potential private investors for its fuel retailing operations. According to a filing of the Hong Kong stock exchange, China Petroleum & Chemical Corp. said that the major terms when selecting […] Read more