Stock News

Peugeot SA share price up, appoints Louis Gallois as new Chairman

According to people familiar with the matter, the Board of PSA Peugeot Citroën has reached a unanimous decision of appointing Louis Gallois, who is a former Chief Executive Officer of Airbus Group NV, to the position of Chairman and a successor of Thierry Peugeot, who is stepping down. The board is also said to be […] Read more

Toyota Motor Corp share price down, reaches a 1.2-billion-dollar settlement on its U.S. criminal probe

According to two people with knowledge of the situation, who asked not to be identified because the information is not public yet, Toyota Motor Corp. has reached a settlement to put an end to a criminal probe related to false or incomplete disclosures of safety issues in the U.S. Both the Manhattan offices of the […] Read more

Sony Corp share price up, reveals virtual reality device for PlayStation 4 at the annual GDC

Sony Corp. is entering a brand new field of virtual reality devices as a part of its attempt to find a way to stand out from its rivals in the field of video games. The President of Sony Worldwide Studios – Shuhei Yoshida officially revealed a prototype of a virtual-reality headset called Project Morpheus at […] Read more

FTSE 100 index little changed ahead of FOMC decision, UK unemployment data

Britains FTSE 100 index marked a minor daily decline on Wednesday after rising for two sessions. Prices opened slightly higher but edged lower in the course of trading. Market players abstained from entering big positions ahead of the outcome of FOMCs two-day policy meeting which concludes today. The UK blue chip index stood at 6 […] Read more

Hyatt Hotels Corp. share price up, becomes more focused on global expansion

Hyatt Hotels Corp., which in February announced that its fourth-quarter revenue had doubled, is planning to open a luxury Park Hyatt in August 2014. The super-luxurious complex is going to be situated on 57th Street. It is supposed be a part of Hyatt Hotels Corp.s strategy for global expansion under the lead of CEO Mark […] Read more

Scania AB share price drops, rejects Volkswagen’s 6.7-billion-euro offer

Scania AB rejected the 6.7-billion-euro (9.3-billion-dollar) offer of Volkswagen AG for the companys shares Volkswagen doesnt own. As reported by the Wall Street Journal, an independent board committee said: “Based on the long-term prospects of Scania, its growth outlook, technological excellence and the synergy potential, the committee believes the offer does not reflect the long-term […] Read more

Vodafone Group Plc share price down, continues its march in Europe

The Chief Executive Officer of Vodafone Group Plc – Vittorio Colao claims that the company has underwent through transformation over the past couple of years. Mr. Colao endorses that the company evolved from a mobile operator and is now also focused on broadband and TV markets. The cable acquisitions of Vodafone Group Plc in Germany […] Read more

General Electric Co. share price up, wins a $4.7-billion deal with Transnet SOC for locomotives supply

General Electric Co., Bombardier Inc. and two Chinese companies are reported to have been chosen from the South African state-owned ports and rail operator Transnet SOC Ltd to supply it with new locomotives. This is reported to be part of an investment, which is estimated to 4.7 billion dollars, and aims to restore the aging […] Read more

Maruti Suzuki India Ltd share price rallies, announces a $500-million factory construction deal

The share price of Maruti Suzuki India Ltd, which is the largest car manufacturer by sales in India, increased by more than 7% on Tuesday morning in Mumbai trading as the company announced it is planning to invest about 500 million dollars in a factory construction deal and asked for the opinion of its minority […] Read more

General Motors Co. share price up, recalls more than 1.5 million vehicles

Ms. Mary Barra – the Chief Executive Officer of General Motors Co., which is the largest car manufacturer by sales in North America, announced three new safety recalls for more than 1.5 million vehicles, including some current models. She also explained that the company will do everything possible in order to change the way it […] Read more