Stock News

UK shares advance, US housing data beats forecasts, consumer confidence falls from nine-month highs

United Kingdoms FTSE 100 Index (UKX) recorded a weekly gain on Friday amid mixed data, that came out from the United States, showing housing starts and building permits outpaced preliminary estimates, while the gauge of consumer confidence slid from a nine-month high during the current month. FTSE 100 closed at 6,855.81 yesterday in London, rising […] Read more

Darden Restaurants Inc. share price down, sells Red Lobster chain for $2.1 billion, faces investor criticism

Darden Restaurants Inc. lost more than 4% of its share value on Friday after the restaurant operator reported it had agreed to sell its struggling Red Lobster seafood-restaurant chain to private-equity firm Golden Gate Capital in a $2.1-billion cash deal. The companys Chief Executive Officer Clarence Otis has faced criticism regarding his sale plans from […] Read more

Cemex SAB’s share price down, appoints Fernando Gonzalez as a successor of deceased CEO Zambrano

Cemex SAB made an official statement yesterday, announcing that its Chief Financial Officer Mr. Fernando Gonzalez will take the position of Chief Executive Officer, while Mr. Rogelio Zambrano will become chairman. The announcement takes place three days after the death of the companys former CEO Lorenzo Zambrano. Mr. Rogelio Zambrano, who gas been part of […] Read more

Numericable Group SA’s share price up, reveals that it is in exclusive negotiations over the acquisition of Virgin Mobile

The cable carrier Numericable Group, which is owned by Mr. Patrick Drahis Altice SA, made an official statement today revealing that it is in exclusive negotiations with Virgin Group Ltd and Carphone Warehouse Group Plc. The company is in talks over the acquisition of Virgin Mobile unit, which is controlled by holding company Omer Telecom […] Read more

Orange and Bouygues SA’s share price up, announce preliminary talks over an eventual merger

Orange SA and Bouygues SA made separate statements, revealing that they are considering a merger. The French Economy Minister Mr. Arnaud Montebourg called once again for consolidation of the French mobile-phone operators. The companies have had informal talks concerning potential partnership, including an eventual merger. An eventual deal between Orange and Bouygues, who are currently […] Read more

General Motors Co.’s share price down, recalls another 2.7 million vehicles in the U.S. due to stopping distance issues

General Motors Co. made a decision to recall another 2.7 million vehicles in its home market. The recall was undertaken by the company in order to fix a potential problem with brake lights and some other issues. This last withdrawal increased the total number of vehicles General Motors called back in the U.S. to 11.2 […] Read more

Vivendi SA’s share price down, reveals quarterly earnings that beat analysts’ estimates, concentrates on media and entertainment

Vivendi SA made an official statement revealing quarterly adjusted profit that surpassed analysts estimates as its revenue increased thanks to the companys pay-TV business. According to the companys statement, the adjusted net profit increased by 20% and reached 161 million euros (221 million dollars) compared to analysts expectations of a 142.8 million-euro profit. Vivendi also […] Read more

Nokia’s share price down, retires 5000 employees at its India factory amid tax dispute with local authorities

Nokia made an official announcement yesterday, saying that about 5000 employees, who work in its Indian factory located in Chennai accepted a voluntary retirement plan when offered. The workers who are to be retired represent about three-quarters of the overall 6600 people working in the companys factory, which is one of the largest ones that […] Read more