Stock News

Citigroup Inc. share price down, CEO Corbat to keep Eugene McQuade in an attempt to get Federal Reserve approval

Citigroup Inc. revealed that it has asked Eugene McQuade to call off his retirement, oversee the submissions of the company and help it improve its relationship with regulators over the next years. Mr. Michael Corbat, who is the Chief Executive Officer of the company, said in a memo to employees, which was cited by Bloomberg: […] Read more

Google Inc. share price up, Nest Labs warns of a defective smoke alarm feature, stops the Protect device sales

The Nest Labs unit, which was acquired by the company earlier this year in a 3.2-billion-dollar deal and currently manufactures Internet-connected thermostat and smoke-detector smart-home devices, announced that it has stopped the smoke alarm devices sales due to a safety issue. The defect found can cause the devices owners to unintentionally switch them off. One […] Read more

Prada SpA share price down, projects slowing luxury sales growth and plans to expand menswear business

Prada SpA posted its largest shares decline in nine months after it projected slower sales growth in 2014 due to decreasing demand in Europe and China. The 2013 net income of the company was flat, in comparison to the 45% increase that was reported in 2012. In 2013 Prada posted a profit that failed to […] Read more

BMW AG share price up, plans to recall a total of 232 098 vehicles in China due to an engine-control component defect

According to an official statement, which was posted on the website of the China General Administration of Quality Supervision, Inspection and Quarantine, Bayerische Motoren Werke AG (BMW) will withdraw a total of 232 098 vehicles in China because of a defective engine-control component. Currently, China is considered as the largest market of the car maker. […] Read more

Vodafone Group share price down, plans to open 150 new stores and create 1 400 jobs in the U.K.

Vodafone Group Plc made an official statement, revealing that its division located in the U.K., which has roughly 19 million customers, plans to invest about 1 billion pounds (1.66 billion dollars) in networks and services in 2014. The company said that it plans to add 150 new stores to its chain and create 1 400 […] Read more

Microsoft Corp. share price, launches the Cortana voice-search service to compete with Apple’s Siri

It looks like Microsoft Corp. is making everything possible to get back in the competition of mobile devices and catch up with its major rivals Apple Inc. and Google Inc. The company revealed that its Windows Phone software was updated and explained that it features a special voice-search application, called Cortana. The company also announced […] Read more

LSE: FTSE 100 index steady ahead of ECB policy meeting

Britains headline index was steady on Thursday as investors were reluctant to enter big positions ahead of ECBs policy meeting due later today. A recent series of upbeat data from the US and expectations for monetary stimulus in China following renewed signs of economic slowdown kept global equities underpinned. The FTSE 100 index was up […] Read more

Microsoft Corp. share price, launches its Windows software free of charge for small mobile devices

Microsoft Corp. made an official statement, saying that it has made the decision of making its Windows operating system licenses free of charge for mobile phones and tablets, whose screens are smaller than nine inches. This move of the company has been provoked by its attempt to work out a more successful strategy for the […] Read more

Amazon.com Inc. share price down, launches its new video-streaming device Fire TV to enter the competition of television services

Amazon.com Inc. revealed that it is entering the competition with large technological companies on the arena of television services, which is considered as highly competitive. The company plans to launch a new video streaming device that is expected to become a worthy rival of giants such as Apple Inc., Google Inc. and Roku Inc. and […] Read more

Deutsche Lufthansa AG share price up, cancels flights due to pilots walkouts over better wages and retirement benefits

The strike of Deutsche Lufthansa AG pilots, who are seeking better wages and retirement benefits, may turn into the longest walkout in the history of the company. The pilots of the airline were reported to have become the reason for the cancellation of 3 800 flights over the next three days, which would affect a […] Read more