Stock News

Hyundai Motor Co. share price rallies, considers building a fourth car plant in China

The largest auto manufacturer in South Korea – Hyundai Motor Co. revealed in an e-mailed statement that it is considering building a fourth vehicle plant in China. The move of increasing the capacity expansion is provoked by the companys attempt to become more competitive on the Chinese auto market, which is known as the worlds […] Read more

HTC Corp. share price rises, releases its updated One M8 smartphone in an attempt to restore profitability

HTC Corp. announced at a presentation in New York that it is releasing a new version of its flagship One smartphone. The company hopes to make a huge comeback and restore its profitability in the quarter ending June 30th, while trying to become a worthy competitor to Samsung Electronics Co. and Apple Inc. The company […] Read more

SSE Plc share price up, freezes energy prices until 2016, plans assets disposal and debt reduction

SSE Plc, which is currently known as one of the biggest energy providers in the U.K., officially announced that it plans to freeze its energy prices until 2016. The company also revealed that it intends to sell some of its assets and cut debt while trying to raise about 1 billion pounds (1.65 billion dollars). […] Read more

LSE: FTSE 100 index rises after Draghi comments, US optimism

Britains FTSE 100 index gained after the Stoxx Europe 600 Index rose the most in three weeks as President Mario Draghi restated yesterday that the European Central Bank will act to safeguard the regions economy, if necessary. Optimism in the US recovery state, coupled with receding tension in Ukraine also supported global equities. Britains headline […] Read more

Facebook Inc. share price up, acquires Oculus VR Inc. in a 2-billion-dollar deal

Facebook Inc. scored its second-largest acquisition in 2014 after it agreed to acquire Oculus VR Inc. in a deal estimated to 2 billion dollars in cash and stock. Facebook Inc. made an official announcement revealing that it has agreed to purchase Oculus VR Inc., which is one of the newest virtual-reality eyeglasses manufacturers and is […] Read more

SoftBank Corp share price down, keeps its stake in Alibaba, Sprint turns to a new marketing campaign

The Japanese telecoms group Softbank Corp. owns stakes in more than 1 300 other companies. The largest investment made by Mr. Masayoshi Son, who is the head of Softbank, dates from 2000 and amounts to 20 million dollars. The acquisition in question is the purchase of a 36.7% stake in Alibaba, which could be worth […] Read more

RSA Insurance Group share price up, announces a 733-million-pound rights offering, focuses on boosting its capital cushion

British insurer RSA Insurance Group made an official statement today, announcing that it is planning to raise about 773 million pounds (1.28 billion dollars) in a rights offering. The company is said to be focused on increasing its capital cushion after an accounting scandal at its Irish division. This step of the company is considered […] Read more

LSE: FTSE 100 rises led by EasyJet, US data in focus

Britains FTSE 100 index edged higher on Tuesday, led by British budget airline EasyJet Plc, with investors being encouraged by speculation of fresh economic stimulus in China after recent downbeat figures. Low inflation numbers out of the U.K. supported BOEs view to keep interest rates at a record low. Market players also monitored diplomatic developments […] Read more

Centrica Plc share price up, acquires Bord Gais Energy in a deal estimated to 1.5 billion dollars

Centrica Plc, which is currently known as the largest energy supplier and distributor for residential customers in the U.K. and is an integrated energy company that operates in four segments (British Gas, Centrica Energy, Centrica Storage and Direct Energy), made an official announcement that it has reached an agreement for the acquisition of Bord Gais […] Read more