Stock News

Alcatel Lucent SA share price up, narrows first-quarter loss, reaffirms turnaround goal

French network-equipment maker Alcatel Lucent SA reported on Friday that it managed to reduce its first-quarter net loss, spurring confidence among investors that Chief Executive Officer Michel Combes three-year turnaround plan is likely to succeed. The company announced its net loss for the first quarter fell to 73 million euros, compared to 353 million euros […] Read more

Publicis Groupe SA share price up, merger with Omnicom collapses

France-based Publicis Groupe SA and US rival Omnicom Group Inc. called off a $35-billion plan to merge and create the worlds biggest advertising company as the two parties failed to overcome major difficulties which slowed the process of completion. The all-stock deal, which was announced in July as a merger of equals, would have created […] Read more

Apple Inc share price down, nears acquisition of Beats Electronics in a $3.2-billion deal

Apple Inc will be making an expensive assault on the music streaming service market as the iPhone maker nears a deal to acquire Beats Electronics in a $3.2-billion deal, according to people familiar with the matter. The acquisition, which would be Apples largest, could be announced as early as next week, but both companies refused […] Read more

Deutsche Telekom share price down, first-quarter earnings drop amid push for US growth

Deutsche Telekom reported a first-quarter drop in core profit on Thursday, despite a on-year rise in revenue, as a result of the company aggressive push into the US market, which helped it add more customers than its main competitors combined. The former German phone monopoly reported that earnings before interest, tax, depreciation and amortization fell […] Read more

Acer Inc. share price up, ends losing streak after minor first-quarter profit

Acer Incorporated, the worlds fourth-largest personal computer manufacturer by sales, defied analysts expectations and swung back to profit in the first quarter as the company trimmed costs and sought ways to handle worldwide PC sales decline. The Taiwanese PC maker reported on Thursday a net profit of 1 million New Taiwan dollars ($33 000), rebutting […] Read more

Barclays Plc share price up, cuts 19 000 jobs over three years

Barclays Plc rose by more than 5% on Thursday after the lender announced it will axe 19 000 jobs through 2016, 7 000 of which in its investment banking business, and create a “bad bank” as part of its strategic revamp aimed at boosting profitability at its core divisions. The UK bank will cut 14 […] Read more

Toyota Motor Corp share price up, hits operating profit high but sees net income drop in FY 2014/2015

Toyota Motor Corp, the worlds largest car manufacturer, reported it has hit a new operating high in the fiscal year that ended March 31st, buoyed by record sales and a weaker yen. The company however predicted profit will fall in the current year as competition in the US intensifies, demand in Japan softens and as […] Read more

Tesla Motors Inc share price down, second-quarter outlook disappoints despite steady first-quarter results

Tesla Motors Inc fell by more than 7% in after-hours trading on Wednesday after the electric vehicle makers second-quarter outlook disappointed some investors, who were impatiently awaiting clearer evidence of the companys future development. The car makers stock settled nearly 3% lower on the NASDAQ and extended its fall in after-market trading despite a better-than-expected […] Read more

King Digital Entertainment share price down, reliance on Candy Crush Saga remains high, net profit declines

King Digital Entertainment fell by more than 10% on Wednesday as the companys first earnings release since its IPO showed a minor rise in revenue from the previous quarter, while net profit declined by a fifth. Moreover, a major part of the companys profit still relied on its two-year old Candy Crush Saga game, spurring […] Read more

Walt Disney Co share price up, beats profit forecasts as “Frozen” shoots up earnings

Walt Disney, the worlds largest entertainment company, reported on Tuesday higher-than-expected profit in the quarter ended March thanks to the continuing box office success of its animated film “Frozen”, as well as “Thor: The Dark World”. The company also reported solid gains at its theme park division. Operating income at Walt Disney Studios more than […] Read more