Stock News

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

Walt Disney Co. share price down, acquires Maker Studios for $500 million, appoints Ben Sherwood as co-chairman of its TV unit

Walt Disney Co. made an official announcement that it reached an agreement to buy Maker Studios for at least 500 million dollars. According to the companys statement, it agreed to pay as much as 450 million dollars more in case Maker Studios manages to meet “strong” performance targets, which can increase the total sum of […] Read more

Google Inc. share price, cooperates with Luxottica Group SpA for its new Glass technology

Luxottica Group SpA, which is the largest eyeglasses manufacturer in the world and also the owner of the popular Ray-Ban and Oakley eyewear brands, made an official statement, revealing it has been working in cooperation with Google Inc. since last year in order to help with Googles Glass eyewear design, development, tooling and engineering. The […] Read more

Sinopec share price down, announces reforms, earlier-than-expected shale-gas field commissioning

Sinopec (China Petroleum & Chemical Corp.), which is currently known as the largest refiner in Asia, officially announced that its first shale-gas field will be put into commercial operation sooner than expected. The company expects its output to reach 10 billion cubic meters a year by 2017. It also became clear that Sinopec plans to […] Read more

Apple Inc. share price up, negotiates with Comcast Corp. about streaming-TV services

People with knowledge of the process reported that Apple Inc. is currently in negotiation with Comcast Corp. over a deal for a streaming-television service, which would use Apples set-top boxes and provide them with the opportunity to bypass congestion on the web. One of the people explained that the companies are not close to reaching […] Read more

Herbalife Ltd share price up, nominates three of Carl Icahn’s candidates as board desginees

Herbalife Ltd made an official announcement today, saying that it had agreed to nominate three of the people proposed by Carl Icahn to the companys board only a few days after its annual meeting. The nomination comes after the opening of a probe into Herbalife by the Federal Trade Commission, which has sent a demand […] Read more

Cisco Systems Inc. share price down, shifts focus towards cloud computing services to join the competition

Cisco Systems Inc., which has been mainly focused on networking hardware market, officially announced that it plans to start offering the so-called “cloud computing” services to corporate customers by entering the cloud computing market, which is currently dominated by Amazon.com Inc., the largest online retailer in the world. The company said that it intends to […] Read more

Nokia Oyj share price down, Microsoft deal delayed until April due to Asian regulators

Nokia Oyj announced that the planned 5.44-billion-euro (7.5-billion dollar) sale of its mobile-phone division to Microsoft Corp. is going to be delayed as the companies are waiting for the Asian regulators approval for the transaction. Still, both companies confirmed that they remain committed to the deal and are confident that the transaction will be finalized. […] Read more