Stock News

KKR & Co. LP’s share price up, to acquire the Chinese meat-processing unit of Cofco Group in a 270-million-dollar deal

A person familiar with the process reported that the private equity firm KKR & Co. LP agreed to purchase a stake in the Chinese meat-processing division of Cofco Group through a group led by it, including Baring Private Equity Asia, Hopu Investment Management Co. and Boyu Capital. According to the person, the deal is estimated […] Read more

IBM Corp.’s share price up, agrees to work in partnership with Shanghai Airport Authority to build a software system

International Business Machines Corp. made an official statement revealing that it reached an agreement to work in collaboration with the Shanghai Airport Authority. The alliance is expected to build a software system to assist it manage the Hongqiao International Airport. The company said in its statement that its cloud computing work in partnership with Shanghai […] Read more

Asos Plc’ share price down, reduces its FY profit forecast due to strong pound and infrastructure investments

The shares of the biggest online-only fashion retailer in the U.K. – Asos Plc sharply decreased by as much as 42% in early trading Thursday, reducing its market value by about 1.7 billion pounds (2.9 billion dollars). This happened after the company warned that it expects its annual profit to be lower than initially projected, […] Read more

Henkel’s share price up, to acquire Spotless Group SAS for 1.3 billion dollars

Henkel & Co. KgaA AG made an official statement today, announcing that it agreed to purchase Spotless Group SAS for 940 million euros (1.3 billion dollars). The deal for Spotless would be the largest deal of the companys Chief Executive Officer since taking the position in April 2008. This is Henkels second acquisition in a […] Read more

General Motors Co.’s share price up, prepares to reveal the results of the internal investigation

According to a person with knowledge of the process, General Motors Co. will reveal the results of its internal investigation into why it took more than ten years in order to withdraw potentially dangerous vehicles that are considered related to 13 fatal accidents. The person close to the company, who asked not to be named […] Read more

Amazon.com Inc.’s share price down, to introduce a smartphone at a special event in Seattle to compete with Apple Inc.

According to a person familiar with the process, Amazon.com Inc., which is currently the biggest online retailer, is considering to reveal a smartphone later this month. The step would be part of the companys strategy to get a larger piece of the highly-competitive mobile-device market. The company announced in a tweet that it is planing […] Read more

Sprint Corp.’s share price down, advances towards a 32-billion-dollar acquisition of T-Mobile

According to people familiar with the process, Sprint Corp. is coming closer to an agreement on the price, termination fee and capital structure of the T-Mobile U.S. Inc. takeover. The acquisition could estimate the wireless carrier at almost 40 dollars per share. The two companies are reported to have reached an agreement on the broader […] Read more

Frasers Centrepoint Ltd’s share price down, makes a 2.4-billion dollar bid for the acquisition of Australand

Frasers Centrepoint Ltd, which is a property company based in Singapore, made a bid for the acquisition of the Australian residential developer and office landlord Australand Property Group. Australand Property Group itself made a regulatory filing today, revealing that the price of the deal amounts to 2.6 billion Australian dollars (2.4 billion dollars). This is […] Read more

General Motors Co.’s share price up, posts May sales that surpass analysts’ estimates

General Motors Co. made an official e-mailed statement, revealing that it posted its best auto sales on a monthly basis in the U.S. The company joined a number of auto manufacturers, which also reported better-than-expected sales results in the previous month, due to increased customer demand for pickups and sport-utility cars. One of the analysts, […] Read more