Stock News

Pirelli share price down, Rosneft acquires a stake in Italian tire maker in a 500-million-euro deal

Pirelli & C. SpA made an official statement today, revealing that the largest oil producer in Russia – NK Rosneft OAO has agreed to become Pirellis biggest investor by acquiring an indirect stake in the company. The deal is estimated to about 500 million euros (695 million dollars). Lauro61/Camfin, which is an investment group owning […] Read more

Nikon Corp. share price down, faces criticism from CCTV over its D600 cameras

One of Nikon Corp.s spokesmen – Ryota Satake – announced on a telephone call that the company will stop selling its D600 digital camera model in China due to a government order it received today. The company also said that it will offer free repairs on claims that report for “black spots” defects on photographs. […] Read more

Twitter Inc share price, CEO Costolo goes on a business trip to China

The Chief Executive Officer of Twitter Inc. – Mr. Dick Costolo is going on a business trip to China in order to get more information about the technology sector of the country in spite of the fact that the global platform for public self-expression and real-time conversation is banned there. Twitter Inc. confirmed its Chief […] Read more

RWE AG share price up, sells its Dea oil and gas unit in a 5.1-billion-euro deal to LetterOne Energy

RWE AG, which is the second-largest German electricity and gas company by market value, made an official statement, saying that it has reached an agreement to sell its Dea oil and gas exploration unit to Russian billionaire Mikhail Fridmans LetterOne Energy in a deal amounting to 5.1 billion euros (7.1 billion dollars) including debt. The […] Read more

Toyota Motor Corp. share price up, suspends production at two India plants due to deadlock with union employees

The largest auto manufacturer in the world – Toyota Motor Corp. made an official statement, saying that it is ceasing its production in India after it reached a deadlock with union employees over wages. The operations of two auto assembly plants in India, which are located near Bangalore, have been suspended as Toyota failed to […] Read more

Vodafone Group Plc share price up, acquires Grupo Corporativo Ono SA in a 7.2-billion-euro deal

People with knowledge of the matter, who asked not to be identified because the financial details of the deal are not public yet, reported that Vodafone Group Plc has reached an agreement to acquire Grupo Corporativo Ono SA, which is a Spanish cable operator. The deal is said to be estimated to 7.2 billion euros […] Read more

Emaar Properties PJSC to raise $2.45 billion in public offering of a stake in malls

Emaar Properties PJSC (EMAAR), the company that built the highest skyscraper in the world, announced it projects to raise up to $2.45 billion in a public offering of a 25% stake in shopping malls and retail business. The builder is profiting from tourism and the boom in Dubai’s retail sector, while the number of visitors […] Read more

China’s Weibo seeks to raise $500 million in a US IPO

Chinese messaging service Weibo, which closely resembles Twitter, became the latest Chinese Internet company to tap US markets as the company, owned by Sina Corp, filed on Friday to raise $500 million via a US initial public offering. It follows the example of search service Baidu and its own corporate parent, Alibaba, which recently announced […] Read more

General Electric Co. share price steady, plans an IPO for its Synchrony Financial credit-card unit

General Electric Co. revealed that it intends to sell a part of its credit-card unit in an initial public offering due to increased investor interest towards the card business. Currently the companys Synchrony Financial credit-card unit is considered the biggest issuer of credit cards in the names of retailers and other partners on the territory […] Read more

UBS AG share price down, raises its CEO’s 2013 compensation by 21% as it turns back profitable

The client-focused financial services company UBS AG announced that the compensation of its Chief Executive Officer Sergio Ermotti was increased by 21% to 10.73 million Swiss francs (12.3 million dollars) in 2013. Different compensation and benefits were included in the 8.23 million francs Mr. Ermotti got, and his salary was said to be 2.5 million […] Read more