Stock News

Airbus Group NV’s share price up, almost doubles first-quarter profit as A380 super-jumbo costs drop

The worlds second-biggest aircraft manufacturer – Airbus Group NV made an official statement, revealing that its profit for the first quarter of the current financial year increased by 93%, citing reduced costs related to its A380 super-jumbo. Mr. Tom Enders, the Chief Executive Officer of Airbus Group NV, said in the statement, which was cited […] Read more

AT&T Inc.’s share price up, close to finalizing a 50-billion-dollar acquisition of DirecTV to expand reach

People with knowledge of the process reported that AT&T Inc. is now in advanced negotiations to take over DirecTV in a cash-and-stock deal estimated to about 50 billion dollars. The company is said to be seeking consolidation following the steps of other American TV, Internet and wireless providers. According to the people familiar with the […] Read more

Pfizer Inc.’s share price up, considers raising its offer for AstraZeneca, does not provide any guarantees over jobs

According to people familiar with the process, Pfizer Inc. is considering to increase its offer for AstraZeneca Plc for a second time. Two of the people, who asked not to be named because the information is still not public, reported that the new Pfizers bid would raise the value of the deal modestly above the […] Read more

Facebook Inc.’s share price up, considers opening a sales office in China to work with local advertisers

According to people familiar with the process, Facebook Inc. is planning to open a sales office in China, aiming to work in cooperation with local advertisers. Such a step will provide the company with the opportunity to set foot at the territory of a country, where the social network services are still banned for about […] Read more

Hillshire Brands Co.’s share price up, announces a 4.3-billion-dollar agreement over the acquisition of Pinnacle Foods Inc.

Hillshire Brands Co. made an official statement today, revealing that it has agreed to acquire Pinnacle Foods Inc. in a deal estimated to 4.3 billion dollars. The purchase is part of the companys strategy to expand its products portfolio. The price of the deal jumps to 6.6 billion dollars in cash and stock, when the […] Read more

Nissan Motor Co.’s share price down, reveals a 4.8% profit increase, but posts conservative FY forecast

Nissan Motor Co., the second-largest car manufacturer in Japan made an official statement today, announcing its profit projections for the current fiscal year. The company revealed a profit forecast that missed analysts expectations, citing increasing competition and a strengthening yen. Mr. Carlos Ghosn, the Chief Executive Officer of Nissan Motor Co. explained in the statement, […] Read more

Lonmin Plc’s share price, swings to a loss in the first half of the FY, plans restructuring

Lonmin Plc, the third-biggest platinum manufacturer in the world, made an official statement, revealing that it swung to a loss due to a strike of the employees in South Africa, which lasted for three months. Lonmin Plc reported a loss estimated to 202 million dollars during the six months ended March 31st in comparison to […] Read more

BSkyB Group Plc’s share price down, reveals preliminary negotiations with Murdoch’s 21st Century Fox over European assets

British Sky Broadcasting Group made a statement today, confirming the start of preliminary negotiations over an eventual purchase of 21st Century Fox Inc.s pay-TV assets in Germany and Italy. Mr. Rupert Murdoch has a 39% stake in the UK company, which he plans to transform into a satellite-TV giant based in Europe, while allowing his […] Read more

Pfizer Inc.’s share price down, faces increased scrutiny over its bid for AstraZeneca, CEO Read to be questioned by UK lawmakers

Pfizer Inc.s Chief Executive Officer Mr. Ian Read is dealing with serious public scrutiny in connection with his bid for the British AstraZeneca Plc. This week the companys CEO is going to be grilled with questions concerning his commitment to the U.K. Pfizer Inc. made a 106-million-dollar bid for the U.K. AstraZeneca Plc. If the […] Read more

Samsung Electronics Co. Ltd’s share price down, plans to release a Tizen-based smartphone in Russia and India, expands reach in drug industry

People with knowledge of the matter reported that Samsung Electronics Co. Ltd is considering the launch of a smartphone, based on the companys operating system – the Tizen operating system on the Russian and the Indian market. The planned release of Samsungs smartphone is part of the companys effrots to become a worthy rival of […] Read more