Stock News

Bank of America Corp.’s share price down, posts a 276-million-dollar first-quarter loss on 6-billion-dollar legal charge

Bank of America Corp., currently the second-largest lender in the U.S., made an official statement today, posting its first quarterly loss in nearly three years. The unsatisfactory result was due to the fact that the company was affected by litigation expenses, estimated to 6 billion dollars. The 6 billion dollars in question included 3.6 billion […] Read more

Burberry Group Plc’s share price up, posts a 13% increase in its second-half sales amid online growth

The biggest luxury-goods manufacturer on the territory of the U.K. – Burberry Group Plc made an official statement today, disclosing a second-half revenue that was largely in line with analysts estimates. The company also revealed that its growth was benefited by online expansion, but also shared its concern about its profit in fiscal 2015, which […] Read more

Tesco Plc’s share price up, despite posting a second full-year profit decrease, as it stays optimistic about future performance

The biggest retailer in the U.K. – Tesco Plc made an official statement today, revealing that it managed to bring a new life to its business in some European markets amid expectations of a profit decline and forecasts of deteriorating domestic sales. Mr. Philip Clarke, who is the Chief Executive Officer of the company, said […] Read more

Danone SA’s share price down, posts a first-quarter sales drop, but keeps its projections for 2014

Danone SA, the largest yoghurt manufacturer in the world, made an official statement today, announcing a 5.2% decline in its sales during the first quarter of the current financial year. The results are due to foreign-exchange movements in some of the companys key emerging markets. Over the last couple of years, the company has been […] Read more

General Motors Co.’s share price up, CEO Barra makes a team to focus on vehicles safety, sees crisis as “catalyst for change”

The Chief Executive Officer of General Motors Co. – Ms. Mary Barra – said that she intends to create a team of experts in order to make General Motors vehicles absolutely safe. In the light of recent massive recalls due to ignition-switch problems, Ms. Barra promised to shift the companys focus to the new vehicles […] Read more

The Coca-Cola Co.’s share price up, posts improving first-quarter results despite declining soda volumes

The Coca-Cola Co., the worlds biggest soda manufacturer seems to be slowly gaining momentum in the first quarter of 2014. The companys profit, excluding some items was 44 US cents per share in the Q1, in line with analysts estimates. In addition, the sales growth in China was robust during the first three months of […] Read more

Zebra Technologies Corp.’s share price up, acquires the enterprise unit of Motorola Solutions Inc. in a 3.45-billion-dollar deal to expand reach

According to a statement posted today, Zebra Technologies Corp. managed to reach an agreement with Motorola Solutions Inc. over the acquisition of Motorolas enterprise unit in a deal estimated to 3.45 billion dollars. The deal is expected to be finalized by the end of 2014. Zebra revealed on Tuesday that the company will finance the […] Read more

Roche Holding AG’s share price up, posts an increase of its breast-cancer drug sales that compensate for dropping overall revenue

The Swiss drug manufacturer Roche Holding AG made an e-mailed statement today, announcing that the first-quarter sales of its breast-cancer drugs increased by 17%, as its new drugs outstripped analysts estimates, compensating for the decrease of Roches overall revenue. The company announced that its overall group sales decreased to 11.496 billion Swiss francs (13.06 billion […] Read more

Diageo Plc’s share price down, offers to acquire a 26% stake in United Spirits Ltd for 1.9 billion dollars

The global liquor giant Diageo Plc, which is based in the U.K. and is also known as the maker of Johnnie Walker scotch and Smirnoff vodka revealed in an e-mailed statement today that it offered to acquire a 26% stake in United Spirits Ltd for 3 030 rupees a share. The overall price of the […] Read more

Infosys Ltd’s share price up, forecasts results surpassing analysts’ estimates due to improved performance in outsourcing

Infosys Ltd, the second-largest exporter of software services in India, made an official statement today, projecting that its dollar-denominated revenue will increase from 7 to 9% for the 12 months that started on April 1st. The full-year sales growth forecast of the company surpassed the median analysts estimate of an increase between 6 and 8.3%. […] Read more