Stock News

Blackstone Group LP’s share price down, to launch its own investment platform, signing on a team of traders

According to people familiar with the companys plans, the biggest investor in hedge funds in the world – Blackstone Group LP – is preparing to improve its 58-billion-dollar fund of hedge funds division. The companys unit, Blackstone Alternative Asset Management, intends to release its own investment platform in order to get the opportunity to hire […] Read more

L’Oreal SA share price down, reaches an agreement with the Federal Trade Commission over U.S. division ad claims

LOreal SA revealed that its U.S. division managed to reach a proposed agreement with the Federal Trade Commission that would put an end to an inquiry regarding accusations about deceptive advertising for anti-ageing products. The Director of the consumer protection bureau of the Federal Trade Commission – Jessica Rich – made an official statement yesterday, […] Read more

General Motors Co. share price down, widens the recalls by withdrawing another 8.45 million vehicles due to unintended ignition-key rotation

General Motors Co. expanded its vehicle withdrawals by recalling an additional 8.45 million cars while its Chief Executive Officer Ms. Mary Barra is trying to keep the auto manufacturers reputation from falling apart following the recent problems with defective parts. With the last recall the company beat the record for safety repairs made by any […] Read more

Philips Electronics’ share price up, to merge lighting components businesses in a separate 1.4-billion-euro company

Philips Electronics revealed in a statement that it intends to merge some lightning divisions in a separate company estimated to 1.4 billion euros (1.9 billion dollars). The step is undertaken, as the company is seeking to share expenses on research and development with outside investors, thus, following a similar move made by one of Philips […] Read more

Hon Hai Precision Industry Co. Ltd’s share price up, acquires a 4.9% stake in SK C&C Co. to diversify services

The largest division of Foxconn Technology Group and the biggest electronics manufacturer in the world – Hon Hai Precision Industry Co., announced in an exchange filing that it acquired a 4.9% stake in SK C&C Co., as it plans to expand its reach beyond phones and tablet computers assembling. According to the information disclosed by […] Read more

Healthscope Ltd seeks to raise up to $2.4 billion in the largest IPO in Australia since 2010

Healthscope Ltd, the second-biggest private hospital operator in Australia, made an official statement today, revealing that it and its private equity owners are seeking to raise a total of 2.57 billion Australian dollars, or about 2.4 billion US dollars, in the companys initial public offering (IPO). According to Healthscopes statement, the company intends to sell […] Read more

Tencent Holdings Ltd’s share price down, agrees to acquire 19.9% of 58.com for an estimated $736 million

Tencent Holdings Ltd, the biggest Internet company in Asia, made an official statement today revealing that it reached an agreement to acquire a stake in 58.com, which is a site similar to Craigslist, in a deal that is estimated at $736 million. The move is aimed at reinforcing the companys positions against rival Alibaba Group […] Read more

BG Group Plc share price up, reaches a preliminary agreement with Israel-based Leviathan on a 30-billion-dollar gas supply deal

One of the subsidiaries of BG Group Plc signed a letter of intent to start negotiations with partners in the Israel-based Leviathan offshore natural gas field. The talks are considered to be about the supplies to one of the companys gas-liquefying plant located in Egypt via a new undersea pipeline. According to a person close […] Read more

BNP Paribas SA’s share price up, board approves an 8.9-billion-dollar settlement, wins a reprieve to prepare for a ban

According to a person familiar with the situation, during the final negotiations over a criminal probe into U.S. sanctions violations, BNP Paribas SA, which is currently the largest bank by market capitalization in France, managed to get an abatement from regulators. The bank received half a year to prepare for a ban on managing certain […] Read more

UK shares surge, Rolls Royce marks the fourth-largest gain in the FTSE

Shares in the United Kingdom surged on Friday, following a three-day loss, which pared the weekly drop to 0.74%. The FTSE 100 Index (UKX) gained 22.65 points, or 0.34% to close at 6,757.77 in London on Friday. The broader benchmark, FTSE All-Share Index, climbed 0.3%. The number of shares of FTSE 100-listed companies, traded on […] Read more