Stock News

Ebay Inc.’s share price down, reaches an agreement with activist investor Carl Icahn

Activist investor Carl Icahn and eBay Inc. started breaking the ice about a month ago over a dinner at the apartment of Icahn in New York City, which was attended by the Chief Executive Officer of eBay – Mr. John Donahoe. They negotiated over the proposal of Icahn for a spin-off of the companys PayPal […] Read more

Sony Corp.’s share price down, warns over a battery defect with Vaio Fit devices, considers a recall

Japanese electronics and entertainment company Sony Corp. made an official statement today, asking its customers to stop using its Vaio Fit 11A notebook computers as soon as possible due to a battery defect. The company explained there is a risk of batteries overheating that affects the DC jack inlet or LCD surrounding area. Sony Corp. […] Read more

Zynga Inc.’s share price down, appoints David Lee as Chief Financial Officer to replace Mark Vranesh

Zynga Inc. made an official statement, announcing that it appointed Mr. David Lee, who is to take the position of Chief Financial Officer and Chief Accounting Officer of the company, replacing Mr. Mark Vranesh, who leaves after a six-year cooperation. The change in the executive ranks of Zynga Inc. comes as one of the steps […] Read more

General Motors Co.’s share price down, expects 1.3-billion-dollar charge, puts engineers on paid leave

General Motors Co. made an official statement, revealing that it is charged 1.3 billion dollars for the cost of recall-related repairs during the financial quarter that was through on March 31st. This makes the situation for the company even tougher, as it may post its first quarterly loss since 2009. Before the recalls, the company […] Read more

Amazon.com Inc.’s share price down, pays a total of 1.68 million dollars to CEO Bezos amid the acquisition of comiXology

Amazon.com Inc., the biggest online retailer globally, made a filing with the Securities and Exchange Commission in the U.S., saying that Jeff Bezos, who is the founder and the Chief Executive Officer of the company, was paid a total of 1.68 million dollars in 2013. The payment was not changed for a second straight year […] Read more

Fast Retailing Co.’s share price down, reduces its profit projection due to decreasing casual wear demand in Japan

The largest clothing retailer in Asia – Fast Retailing Co. – made an official statement today, revealing that it reduced its initial projection for its annual profit due to increasing costs and decreasing demand. The company posted a net profit decline, which amounted to 1.4% during the first half of its financial year. Fast Retailing […] Read more

Carrefour SA’s share price little changed, posts revenue that matched analysts’ estimates and focuses on stabilization

The biggest retailer in France and the second-largest one by sales worldwide – Carrefour SA made an official announcement today, posting a revenue for the first quarter of the financial year that matches analysts forecasts. The company, however, explained that its sales were influenced by losses from weakening currencies of emerging markets and lower fuel […] Read more

Marks & Spencer’s share price up, posts a slight drop in fourth-quarter sales due to womenswear, plans overseas growth

The largest apparel retailer on the territory of the U.K. – Marks and Spencer Group Plc, made an official statement today, revealing that it has managed to post a lesser than projected drop in general merchandise sales during the last quarter of 2013, as demand for womens clothing increased. Non-food sales at stores open at […] Read more

Google Inc.’s share price up, its Motorola Mobility unit appoints Rick Osterloh as the new Chief Operating Officer

The Motorola Mobility unit of Google Inc. officially announced on its website that the executive of the product management division – Mr. Rick Osterloh was appointed as president of the entire unit. Mr. Osterloh will report directly to the operating board of Motorola Mobility until the planned 2.91-billion-dollar acquisition of the handset business by Lenovo […] Read more