Stock News - Part 461

Smiths Group Plc’ share price down, warns for lower results of its detection unit due to decreased customer demand

May 23, 2014 12:34 pm

The technology company Smiths Group Plc, which manufactures a variety of products and services for the energy, security, medical, and communications sectors, made an official announcement today, revealing its expectations for its annual results. The company has a long history, as it started operating as a watch manufacturer in 1851. Now the products range vary […] Read more

Credit Suisse Group AG’s share price up, sells 5 billion dollars of bonds after reaching settlement with U.S. prosecutors

May 23, 2014 11:12 am

Credit Suisse Group AG sold 5 billion dollars of its bonds. This is the first time the bank carries out a benchmark offering since it pleaded guilty of helping U.S. citizens to avoid paying their taxes. Earlier this week, the bank officially confessed that it helped wealthy U.S. citizens cheat on their taxes. The company […] Read more

GE Co.’s share price up, extends the deadline for its Alstom SA’s bid on French government request

May 23, 2014 9:27 am

General Electric Co. announced that it reached an agreement with the French government to prolong the expiration date of its 17 billion-dollar acquisition of the energy business of Alstom SA with three weeks. The company was requested to delay consideration of its offer until June 23rd by the French authorities, which are looking for better […] Read more

AstraZeneca Plc’ share price down, being pushed by investors to reopen the negotiations with Pfizer

May 23, 2014 8:19 am

A person familiar with the matter, who asked not to be identified because the discussions are not public, reported that AstraZeneca Plc was pushed to continue the negotiations with its potential buyer Pfizer Inc. by its largest shareholder – BlackRock Inc. The suggestion was also backed up by another investor of the company. Currently, BlackRock […] Read more

Hewlett-Packard Co.’s share price down, announces up to 16 000 additional lay-offs in an attempt to restructure the company

May 23, 2014 7:37 am

Under the lead of its current Chief Executive Officer Mrs. Meg Whitman, Hewlett-Packard Co. has decided to cut more cobs in an attempt to turn back the company to profit in the conditions of a highly-competitive technology environment. The rapidly changing market has dragged the companys sales for a total of eleven consecutive quarters due […] Read more

Sony Corp.’s share price up, CEO Hirai promises to swing the company back to profit again by reducing costs and restructuring

May 22, 2014 1:28 pm

The Chief Executive Officer of Sony Corp. – Mr. Kazuo Hirai once again promised to swing the company back to profit. Mr. Hirai shared the ambitious goal set by Sony to increase its operating profit three times by next fiscal year. As reported by the Wall Street Journal, Chief Executive Officer Hirai said in a […] Read more

Vivendi SA’s share price up, sells half of the remaining stake in Activision Blizzard Inc. worth about 850 million dollars

May 22, 2014 12:19 pm

Vivendi SA made an official statement, revealing that it intends to sell about half of its remaining stake in Activision Blizzard Inc. The offering is estimated to more than 850 million dollars. The company also shared that the sale is going to be made under an existing agreement. The deal includes selling a total of […] Read more

SABMiller Plc’ share price up, posts increasing full-year profit due to strong performance in developing regions

May 22, 2014 9:53 am

SABMiller Plc also revealed its full-year earnings in the statement. As reported by the Wall Street Journal, Mr. Alan Clark, who is the current Chief Executive Officer of the company, said: “We have produced a resilient performance in the face of a number of headwinds”. Mr. Clark also added in the companys statement, which was […] Read more

General Electric Co.’s share price up, considers consumer-lending unit’s spin-off, Alstom deal still on the agenda

May 22, 2014 8:36 am

General Electric Co. is planning to carry out an initial public offering of its consumer-lending division, saying that it expects another “staged exit”. The company is considering to dispose of assets that amount to more than 4 billion dollars until the end of 2014. It had first used the term “staged exit” when it shared […] Read more

Google Inc.’s share price up, says it may spend up to 30 billion dollars on overseas acquisitions to expand reach

May 22, 2014 7:47 am

Google Inc. made a disclosure in a letter to the U.S. regulatory authorities, saying that it may spend as much as 30 billion dollars on eventual acquisitions outside its home market. Recently, the company has concentrated on purchases into overseas markets and foreign businesses. The company wrote in its letter to the Securities and Exchange […] Read more