Stock News

Ranbaxy Laboratories Ltd’s share price up, gets U.S. regulatory approval for generic version of Novartis’ Diovan

Ranbaxy Laboratories Ltd rose in Mumbai trading after it managed to get the approval of the U.S. to start manufacturing a generic version of the blood pressure drug Diovan that is originally made by Novartis AG. This happens about two years after the 3.5-billion-dollar patent protection of the medicine was lost. In May, Mr. Arun […] Read more

Nike Inc.’s share price up, posts upbeat fourth-quarter profit due to increased sales in North America and Western Europe

The biggest sporting-goods manufacturer in the world – Nike Inc. – made a statement and shared its results for the fourth quarter of the financial year. The company announced that its profit over the period beat the initial analysts forecasts due to increased sales of running and basketball gear goods in North America. According to […] Read more

GoPro Inc.’s share price up, rises by 31% after getting a market value of 3.9 billion dollars at IPO

The shares of GoPro Inc., which produces wearable high-definition cameras used primarily by extreme sports enthusiasts, jumped by more than 30% yesterday, making an impressive stock-market début. Mr. Nicholas Woodman, the Chief Executive Officer of GoPro Inc., commented in a statement that was cited by Bloomberg: “Everybody of course was very curious about our media […] Read more

Alcoa Inc.’s share price up, agrees to acqure Firth Rixson Ltd for $2.85billion

Alcoa Inc., the biggest aluminium manufacturer in the U.S., made a statement revealing that it reached an agreement over the acquisition of Firth Rixson Ltd, a UK-based aerospace-components producer. The cash-and-stock deal is estimated to about 2.85 billion dollars. “This falls right into our strategy of building Alcoa out into a lightweight metals innovation powerhouse,” […] Read more

Google Inc.’s share price down, starts removing search results under EU court’s “right to be forgotten”

Mr. Al Verney, who is a spokesman of the biggest search provider in the world – Google Inc. – announced that the company has started removing some content in the European Union after it was forced by an EU court to respond to customers requests, who are seeking the “right to be forgotten” in case […] Read more

Glencore Plc’ share price down, names Patrice Merrin as the first female on the company’s board of directors

Glencore Plc made an official statement today, announcing that it appointed Ms. Partice Merrin, who previously occupied the position of Canadian mining executive, as an independent non-executive director. The Chairman of the company – Mr. Tony Hayward commented the appointment in the statement, which was cited by Bloomberg: “Patrice’s in-depth experience of operating across the […] Read more

GoPro Inc. raises 427 million dollars in IPO that prices the company at high end of analysts’ expectations

The Initial Public Offering of the manufacturer of wearable cameras used primarily by extreme sports enthusiasts – GoPro Inc. – raised a total of 427 million dollars after the companys shares were priced at the top end of marketed range. GoPro Inc. made a statement revealing that the company and its existing shareholders managed to […] Read more

General Mills Inc.’s share price down, plans to reduce expenses as Q4 earnings disappoint

General Mills Inc. made a statement, reporting its earnings over the fiscal fourth quarter that trailed analysts projections. The U.S.-based company, which is known for making the Cheerios cereal, also reported that it began a revision of its manufacturing and distribution network located in North America as part of a strategy that aims to cut […] Read more

Barnes & Noble Inc.’s share price up, to spin off bookstore and Nook units amid declining sales

Barnes & Noble Inc. made an official statement, revealing that it intends to split its bookstore chain and its Nook electronic-reader division into independent businesses that will be traded separately. This move of the company is provoked by the falling sales of both units and is planned to improve their performance, which has currently been […] Read more

General Motors Co.’s share price up, stops the sales of Chevrolet Cruze to examine a potential air-bag problem

General Motors Co., which has recently recalled more than 20 million vehicles in North America, may now face a problem related with the air bag of its top-selling Chevrolet Cruze. Mr. Jim Cain, who is one of the official representatives of the company, announced in a statement that about 33 000 vehicles may be equipped […] Read more