Stock News

JD.com Inc. manages to raise 1.78 billion dollars in IPO, prices above expectations

The Chinese online retailer JD.com Inc., which has just had its initial public offering, has managed to raise 1.78 billion dollars. The result is higher than the initially expected and indicates that e-commerce companies in the country are subject to increased investors interest. The company was reported to be also selling shares to the biggest […] Read more

Lowe’s Companies Inc.’s share price down, posts first-quarter profit that surpasses analysts’ estimates

The second-biggest US home-improvement retailer – Lowes Companies Inc. made an official statement today, revealing its results for the first financial quarter of the year. The company posted profit for the three months that ended May 2nd, that surpassed analysts estimates, despite demand was weaker over the period, due to unfavourable weather conditions. Mr. Robert […] Read more

Twitter Inc.’s share price down, considers acquisition or partnership with several music startups to expand reach

According to people familiar with the process, Twitter Inc. has started talks to acquire or partner with several music startups as part of its strategy to focus on increasing its user growth. One of the people with knowledge of the matter, who asked not to be named because the information is still not public, reported […] Read more

Burberry Group Plc’ share price up, posts annual profit that beats analysts’ estimates, seeks growth in Japan

The biggest UK luxury-goods manufacturer – Burberry Group Plc made an official statement today, revealing full-year profit, that surpassed analysts estimates. These are the first results posted by the company since the position of Chief Executive Officer was occupied by Mr. Christopher Bailey in May this year. Burberry Group Plc revealed in its statement that […] Read more

Netflix Inc.’s share price up, plans expansion in six European countries, including Germany and France to get more customers

Netflix Inc., which is currently the biggest Internet subscription service in the world, plans to launch its online video service in Germany until the end of 2014. The company revealed that it has shifted its focus to set foot in six European countries, including Germany, France, Belgium, Switzerland, Austria and Luxembourg. This is considered as […] Read more

General Motors Co.’s share price down, seeks to improve its legal department efficiency, recalls another 2.4 million vehicles

People with knowledge of the matter said that General Motors Co., which is the largest auto manufacturer in the U.S., is trying to restore and improve the efficiency of its legal department while it its trying to eliminate the reasons that led to a delay of the vehicle recalls. Moreover, General Motors Co. added another […] Read more

Home Depot Inc.’s share price down, posts 12% net income increase for the first financial quarter, profit trails analysts’ estimates

The biggest home-improvement chain in the U.S. – Home Depot Inc. made an official statement today, revealing its profit for the first quarter , which trailed the analysts estimates, due to the slow improvement of the housing market in the country. Mr. Frank Blake, who is the companys Chairman and Chief Executive Officer said in […] Read more

Vodafone Group Plc’ share price down, posts decreasing service revenue due to European markets’ negative effects

Vodafone Group Plc, which is currently the second-biggest mobile operator by subscribers in the world, posted its results for the fourth quarter. The company reported a service revenue drop for a seventh consecutive quarter and it also revealed its expectations for the full-year earnings. The largest markets of Vodafone Group Plc are currently in Europe, […] Read more