Stock News

Novartis AG’s share price down, appoints Bruno Strigini as chief of the company’s oncology unit

The Switzerland-based Novartis AG made an official statement, revealing that Mr. Bruno Strigini was appointed as head of the companys cancer unit. Mr. Stirgini, who is going to occupy the leading position at one of Novartis most important unit – the oncology division, is known for previously taking the position of president of the European […] Read more

Infosys Ltd’s share price up, more than ten top executives including Co-President B.G. Srinivas to leave the company

Infosys Ltd., the second-biggest exporter of software services in India, has been dealing with some problems over the past year. The company has faced certain difficulties after more than ten senior executives have left the company after its co-founder Mr. Narayana Murthy returned a year ago in an attempt to help the company revive its […] Read more

KKR & Co. LP’s share price down, to close its equity hedge fund in order to restructure and diversify its business

KKR & Co. LP is planning to close its equity hedge fund in an attempt to restructure and diversify its business. The announcement comes less than three years after the unit called KKR Equities Strategies was founded. The company made an official e-mailed statement, which was cited by Bloomberg: “We have decided to close KKR […] Read more

Apple Inc.’s share price down, reveals new version of iOS and iBeacon plans

Apple Inc. is betting on new applications and services to impress both analysts and customers as it prepares to reveal the updated and improved version of its software for iPhone and Mac. This is expected to happen at the companys annual Worldwide Developers Conference today, but the company is said that it wont reveal its […] Read more

Dai-ichi Life Insurance Co. Ltd’s share price down, considers a 4.87-billion-dollar acquisition of Protect Life Corp.

Dai-ichi Life Insurance Co., which is currently among the three largest life insurers in the private sector in Japan, made a statement today, revealing that it is considering a purchase of a life insurer based in the U.S. The statement was a response to the report saying the company is to spend more than 4.87 […] Read more

Valeant Pharmaceuticals share price up, raises takeover bid for Allergan to $53 billion

Valeant Pharmaceuticals International Inc raised its takeover offer for Botox maker Allergan Inc for the second time this week in an ongoing effort to secure a deal that would value Allergan at about $53.3 billion. Valeant has teamed up with Bill Ackman, whose hedge fund Pershing Square Capital Management LP owns a 9.7% stake in […] Read more

Siemens AG’s share price down, plans to dismiss almost 12 000 employees due to a cost-cutting strategy

The Chief Executive Officer of Siemens AG – Mr. Joe Kaeser announced at a webcast conference that the company, which is currently the biggest engineering enterprise on the territory of Europe, will cut at least 11 600 jobs. The step is needed, because the company attempts to reduce its expenses by about 1 billion euros […] Read more

Reliance Industries Ltd’s share price down, to acquire stakes in two telecom-and media companies in a 678-million-dollar deal

Reliance Industries Ltd., which is owned by Mr. Mukesh Ambani, said in an exchange filing that it has reached an agreement to purchase the Indian partner of Viacom Inc. The deal, which is estimated to 40 billion rupees (678 million dollars) is expected to provide Reliance Industries with a huge library of both news and […] Read more

Google Inc.’s share price up, launches a special website as a response to the courts’ ruling about the “right to be forgotten”

Google Inc. launched a special service and formed an Internet committee of experts in order to provide its European customers with the opportunity to make requests for removing certain materials. This is the first step the company makes in order to comply with the court ruling related to the “right to be forgotten”. One of […] Read more

Cheniere Energy Inc.’s share price up, faces easier regulatory approval procedures, tries to impose a new pay plan

Cheniere Energy Inc., which is on the way to becoming the first company that exports liquefied natural gas produced over the shale boom in the U.S., is facing a record growth after regulatory proposal to make the projects approval procedure simpler. Currently, Cheniere is the only company, whose liquefied natural gas project has been approved […] Read more