Stock News

German shares advance in a longest streak since September 2013

On Friday German shares advanced for a sixth consecutive day, which marked the longest streak of gains since September last year, as Euro zones consumer confidence surpassed preliminary estimates in March. On the Frankfurt Stock Exchange the DAX Index (DAX) closed at 9,342.94 on March 21st, rising 0.50%. The index of blue chip stocks has […] Read more

AT&T deems Netflix call for free interconnection arrogant

One day after Netflix CEO Reed Hastings shared the company’s opinion that broadband companies should not violate the principle of net neutrality and called for free interconnection, particularly citing Comcast, AT&T retaliated against Netflix, calling the proposition of the content providers CEO arrogant. Netflix CEO Reed Hastings said in a blogpost on Thursday: “Without strong […] Read more

Nike Inc. share price down, warns for slower sales in the current quarter due to stronger dollar

Nike Inc., which is the largest sports wear brand in the world, warned that its sales growth during the quarter that is to end in May 2014 may turn out to be lower than initially expected due to a stronger US dollar which has cut the value of Nikes international profit and revenue. The companys […] Read more

Netflix Inc share price up, calls for free interconnection between broadband providers

The Chief Executive Officer of Netflix Inc. – Reed Hastings shared the companys opinion that broadband companies should be required to connect their networks to major content providers such as Netflix itself. The company also attacked some large internet providers such as Comcast, saying they use their “market position” in order to impose fees for […] Read more

Bouygues SA share price down, raises bid for Vivendi’s SFR phone unit

Bouygues SA announced that it has upgraded its offer for Vivendi SAs SFR telecom unit. This move restarted the fierce bidding war with Altice SA that seemed to have been finalized after Vivendi chose the competitive offer less than a week ago. The new proposition is said to be able to make the decision for […] Read more

Symantec Corp share price up, fires CEO Bennett amid declining sales and revenue

Symantec Corp., which is the largest manufacturer of personal computer security and anti-virus software in the world, decided to fire Steve Bennett, who has been occupying the position of President and Chief Executive Officer of the company for less than two years, due to declining revenue and decreasing sales. The companys revenue has decreased in […] Read more

Twitter share price down, Turkey’s prime minister blocks access to the social network on elections’ eve

The access to Twitter in Turkey was blocked late on Thursday after Prime Minister Recep Tayyip Erdogan announced that the company ignored court orders to remove content concerning government corruption just ahead of elections scheduled on March 30th. Recently the Turkish government had to deal with a series of voice recordings and documents that became […] Read more

Microsoft Corp share price up, changes its policy for accessing user information

Microsoft Corp. announced its policies for accessing user information are to be changed as it faces scrutiny for looking into a private e-mail account when investigating a leak of company software. According to federal court filings, one of the former employees of the company – Alex Kibkalo was accused of stealing the companys trade secrets, […] Read more

eBay Inc. share price down, activist investor Carl Icahn proposes a partial IPO of PayPal payments unit

The activist investor Carl Icahn seems to have decided to try a new tactic in his battle with eBay Inc. – a partial spin-off of its PayPal payments unit. He suggested an initial public offering for 20% of PayPal. This move has been received gladly by the online marketplace. As reported by the Wall Street […] Read more