Stock News

General Motors Co. share price down, faces new questions about recalls

The explanation of General Motors Co. why it is expanding the recall of models made between 2008 and 2011 is being questioned by congressional investigators. Yesterday the company announced that it is withdrawing more vehicles. In addition, General Motors Co. has more than doubled the costs estimates of the recalls during the first quarter. As […] Read more

Huawei Technologies Co. forecasts increasing revenue

Huawei Technologies Co., which is based in China and is considered as the second-largest telecom services supplier in the world, made an official statement today, revealing that it projects a rising revenue of about 435.7 billion yuan (70 billion dollars) in 2018. The company said that its net profit increased by 34% in 2013. As […] Read more

LSE: FTSE 100 index advances on China, ECB stimulus hopes

Britains headline index extended last weeks gains into Monday, buoyed by speculations the Chinese government will step in to stimulate its cooling economy, while the European Central Bank could further ease policy amid fears of deflation. Upbeat data from the US last week kept global equities underpinned, with investors eyeing the upcoming payrolls and manufacturing […] Read more

ING Groep NV share price up, focuses on resuming dividend in 2013 after paying its debt to the Dutch government

ING Groep NV, a Netherlands-based company focused on providing its customers with financial services, announced that it is considering selling shares in its European insurance division and plans to resume paying dividends in 2015. ING Groep NV made an official statement today, revealing that the dividend will be paid after the company fully repays a […] Read more

Caterpillar Inc share price up, faces U.S. evaluation by Senate committee over tax-avoiding strategies

The official representatives of Caterpillar Inc., which is a manufacturer of construction and mining equipment, will try to prove it shares the responsibility of millions of Americans in filing their income-tax returns. Now it is turn to Caterpillars executive officers to be put under evaluation by the senate committee for allegedly exploiting opportunities to avoid […] Read more

UK stocks register their largest weekly gain in a month, mining sector supports

Shares in the United Kingdom posted their most considerable weekly advance in a month, as gains of mining companies neutralized losses recorded by insurers. On the London Stock Exchange (LSE) the FTSE 100 Index, encompassing companies with the largest market capitalization, closed at 6,615.58 on Friday, climbing 0.41% for the day, while rising 0.9% for […] Read more

General Motors Co share price up, widens vehicle recall to 2.6 million cars due to faulty parts

General Motors Co announced on Friday it will expand its global faulty ignition switch recall by 971 000 cars, which were allegedly built with safe parts, but may have been fitted with defective replacements during repairs. The recall, which began in February with 1.6 million cars and was now widened by 60%, was linked to […] Read more

Intesa Sanpaolo SpA share price up, posts a 5.19-billion-euro fourth-quarter loss after writedowns

The second-largest bank by assets in Italy – Intesa Sanpaolo SpA made an official statement, posting a fourth-quarter loss estimated to 5.19 billion euro (7.14 billion dollars). The bank also revealed that it has made post-tax writedowns in annual results that amounted to 5.8 billion euros and raised its loan-loss provisions by 51% to 7.1 […] Read more

BlackBerry Ltd share price up, posts a smaller loss than initially expected

BlackBerry made an official statement, posting a smaller quarterly loss than previously expected by analysts. The result is considered to be due to the efforts of John Chen, who is the new Chief Executive Officer of the company. However, the companys revenue missed the analysts expectations and fell bellow 1 billion dollars for the first […] Read more