Stock News

Ford Motor Co.’s share price up, to manufacture its next generation Fiesta in Germany, saving 400 million dollars

Ford Motor Co. made an official statement, revealing that it intends to manufacture its next generation of the Fiesta small car model in Cologne, Germany. According to the company’s announcement, Ford has set a target to save about 400 million dollars on production expenses in the period from 2017 to 2021. As reported by the […] Read more

Google Inc.’s share price down, to acquire satellite company Skybox Imaging Inc. in a $500-million deal

Google Inc. announced on its website that it is to purchase the satellite company Skybox Imaging Inc. in an all-cash deal that is estimated at 500 million dollars. According to the information published on the company’s website, the takeover is still subject to adjustments and is part of Google’s strategy to improve and expand Internet […] Read more

MetLife Inc.’s share price up, announces its first share buyback in six years

The biggest life insurer by assets in the U.S. – MetLife Inc. made an official statement today, announcing its first stock buybacks since 2008. The step is considered part of the efforts of companys Chief Executive Officer Mr. Steven Kandarian to reward investors. According to MetLife Inc.s statement, about 1 billion of common stock will […] Read more

Wal-Mart Stores Inc.’s share price down, appoints Fernando Madeira as e-commerce unit CEO to replace Joel Anderson

Wal-Mart Stores Inc. revealed in a memo that it appointed Mr. Fernando Madeira, who is the head of its division in Latin America, for a Chief Executive Officer of its e-commerce unit Walmart.com. The e-commerce division is one of the major tools that the company uses in its battle against Amazon.com Inc. The Chief Executive […] Read more

Facebook Inc.’s share price up, hires PayPal chief David Marcus to head its mobile messaging unit

Facebook Inc. made an official statement, revealing that it hired the President of EBays PayPal unit – Mr. David Marcus to head its mobile messaging division. This move of the social network is due to the companys attempt to become more competitive and expand its reach in what is said to be a fast-growing business. […] Read more

Time Warner Inc.’s share price down, negotiates over the acquisition of a stake in Vice Media Inc. to diversify content

A person with knowledge of the matter reported that Time Warner Inc. is in talks over the acquisition of a stake in Vice Media Inc. The person, who asked not to be named because the talks are still not public, explained that at the discussions, Vice Media has been valued in a range from 2 […] Read more

Tesco Plc’ share price down, opens its first current account in an attempt to turn its grocery clients into banking customers

The largest grocery retailer in the U.K. – Tesco Plc is to put the retail banking industry in turmoil when it becomes the first supermarket chain that enters competition with high street banks. The company is betting on its reach on a large number of customers and aims to turn them into bank customers by […] Read more

Merck & Co. share price up, acquires Idenix Pharmaceuticals Inc. in a $3.85-billion deal

The second-largest drug manufacturer in the U.S. – Merck & Co. made an official statement, revealing that it reached an agreement for the acquisition of Idenix Pharmaceuticals Inc. in a deal that is estimated to 3.85 billion dollars. The purchase will help the company to broaden its experimental pipeline for hepatitis C treatments. One of […] Read more

Analog Devices Inc.’s share price up, to acquire Hittite Microwave Corp. in a 2-billion-dollar deal to expand product portfolio

Analog Devices Inc., which is a manufacturer of semiconductors used in smartphones, televisions and cars made an official statement today, saying that it agreed to acquire Hittite Microwave Corp. According to the companys statement, the purchase is estimated at 2 billion dollars its goal is to expand the portfolio with the products offered by Hittite. […] Read more

Chesapeake Energy Corp.’s share price down, to spin off its oilfield-services operations in a separate entity

Chesapeake Energy Corp. made an official statement on Monday, revealing that the spin-off of its oilfield-services operations has been approved by the companys board. The spin-off will be done through a distribution to the shareholders of the company after the unit closes on June 30th. After the process is finalized, the oilfield-services operations of Chesapeake […] Read more