Stock News

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

McDonald’s Corp. share price down, faces employee lawsuits over payment in three U.S. states

The largest restaurant chain in the world – McDonalds Corp. – is facing lawsuits by its employees in three states in the U.S. – Michigan, California and New York. The company and its franchises are being accused of systematic wage theft, and the suits were filed yesterday by the lawyers of the companys workers. McDonalds […] Read more

BP Plc share price up, reaches an agreement with EPA to once again bid for US leases

An agreement has been reached between BP Plc, which is the third-largest oil company in Europe, and the U.S. Environmental Protection Agency. The accord puts an end to a ban the oil and gas company received over doing business with the federal government. After the Deepwater Horizon rig explosion in 2010 and the oil spill […] Read more

BMW share price jumps, announces a fourth-quarter profit, increases its dividend by 5%

The largest luxury cars manufacturer in the world – Bayerische Motoren Werke AG (BMW) surprisingly posted a 4.2% growth of its fourth-quarter profit due to increased demand for the companys 3-Series sedan and wagon. Mr. Norbert Reithofer, who is the Chief Executive Officer of the company, said in a statement, which was cited by Bloomberg: […] Read more

WM Morrison Supermarkets share price plummets, company expects profit decline

The shares of WM Morrison Supermarkets Plc, which is the fourth-largest grocer by market share in the U.K., were reported to have made their biggest decline since 2008. The company made a statement, revealing it expects its profit to decrease in 2014. The retailer also said that it plans to reduce prices. The Chief Executive […] Read more

Deutsche Lufthansa AG share price soars, meets restructuring targets and pays a dividend of 45 euro cents

Deutsche Lufthansa AG, which is currently the second-largest airline in Europe, announced today that its dividend for 2014 is planned to be paid in spite of the fact that it posted a 75% decline in its 2013 net profit. The advance of its passenger unit and enhanced costs control made it possible for the company […] Read more

Bouygues SA share price down, confirms the increase of its bid for Vivendi’s SFR phone unit to 15.8 billion dollars

A spokesman of Bouygues SA confirmed today that the company has increased its offer for the SFR phone unit of Vivendi SA. The cash component of the offer is said to have been raised by Bouygues SA to 11.3 billion euros (15.8 billion dollars). The statement of Bouygues spokesman was cited by the Wall Street […] Read more

Alibaba Group Holding Ltd to acquire a 60% stake in ChinaVision, turns to the U.S. for IPO

According to people familiar with the matter, Alibaba Group Holding Ltd, which is the biggest e-commerce company in China, is almost certain to prefer New York over Hong Kong for its initial public offering. The companys IPO is said to be one of the biggest ones ever. As reported by the Financial Times, one of […] Read more