Stock News

Samsung Electronics Co.’s share price up, posts a decreasing operating profit due to lower prices of Galaxy devices

Samsung Electronics Co., currently the largest smartphone manufacturer worldwide, made an official statement revealing a drop in its quarterly operating profit estimated to 8.4 trillion won (8 billion dollars), down from 8.8 trillion won during the same period a year earlier. This is a second decline in a row when it comes to a quarterly […] Read more

BlackRock Inc.’s share price down, decides to make changes in executives’ ranks

BlackRock Inc., the largest money managing company worldwide, is making reorganization in its management team, which will lead to new roles for 10 senior executives. According to people with knowledge of the boards discussions, over the last few years, Mr. Larry Fink, companys Chief Executive Officer, viewed as one of the most powerful people on […] Read more

Mallinckrodt Plc’s share price down, acquires Questcor Pharmaceuticals Inc. for 5.6 billion dollars to expand its reach in the specialty pharmaceutical company

Mallinckrodt Plc will purchase Questcor Pharmaceutical Inc. in a deal estimated to 5.6 billion dollars, which is also expected to help Mallinckrodt to expand its reach in the pharmaceutical market by offering diversified drugs. According to a statement by Mallinckrodt on Monday, the company will pay 86.08 dollars per share. After the acquisition is finalized, […] Read more

Alfa Laval AB’s share price up, acquires pump manufacturer Frank Mohn AS in a 2.2-billion-dollar deal

Alfa Laval AB made an official statement today, revealing that it reached an agreement to purchase the pump manufacturer Frank Mohn AS in a deal estimated to 13 billion Norwegian kroner (2.17 billion dollars). The company is making an attempt to strengthen its positions in the marine and offshore oil & gas markets. Alfa Laval […] Read more

Holcim Ltd and Lafarge SA to form the largest cement maker in the largest European deal in 2014

The largest cement manufacturer is to be formed by Holcim Ltd and Lafarge SA in the largest European deal in 2014. The merger is considered as beneficial to both companies, because it may provide them with the opportunity to combine some operations amid weak demand for building materials as a result of global recession. The […] Read more

Sun Pharma’s share price up, to acquire Ranbaxy in a deal estimated to 3.2 billion dollars

The biggest drug maker by market value in India – Sun Pharmaceutical Industries Ltd announced that it reached an agreement over the purchase of Ranbaxy Laboratories Ltd in a deal estimated to 3.2 billion dollars in stock. This is considered to be the largest acquisition made by an Indian company in a period of two […] Read more

Vivendi SA’s share price up, agrees to sell its SFR telecom unit to Altice SA for 23 billion dollars

Vivendi SA announced its decision to sell its SFR telecom division to Altice SA in a deal estimated to more than 17 billion euros (23 billion dollars). The price of the deal amounts to 13.5 billion euros in cash and a 20% stake in the new entity that is to be formed after the merger […] Read more

Novartis AG share price down, replaces the top managers in its Japanese unit

The Japanese unit of Novartis AG made an official statement, revealing that Mr. Dirk Kosche was named by the company as chief of Novartis business located in Japan. Mr. Kosche is to become a successor of Yoshiyasu Ninomiya. The announcement comes at a moment when it became clear that the Japanese division of the company […] Read more

Bouygues SA share price down, increases the cash portion of its SFR offer to 20.6 billion dollars

Bouygues SA seems to be truly determined to win the battle for Vivendi SAs telecom unit SFR, because it once again increased its bid, which is now estimated to 15 billion euros (20.6 billion dollars). The company also made a statement, saying that after an eventual merger, a 10% stake would be received by Vivendi. […] Read more

H&M share price up, opens its first store in Australia and expands into smaller cities in China

Hennes & Mauritz AB (H&M), which is the second-largest clothing retailer in Europe, announced that it is going to make its first step on the Australian market. The opening of the companys first store in Australia is scheduled for Saturday and will make H&M the latest foreign retailer who expands its reach in the region. […] Read more