Stock News

United Continental Holdings projects a revenue drop, as over 22 500 flights have been cancelled

Shares of United Continental Holdings Inc. (UAL) tumbled after the company projected a key revenue indicator may decrease during the first quarter, as severe weather has led to the cancellation of over 22 500 flights. Revenue for each seat flown per mile is expected to drop by 0.5% to 2.5% in comparison with a year […] Read more

Apple turns attention to TV market, television division no longer a “hobby”

Apple Incs Chief Executive Officer Mr.Tim Cook gave away a hint at the companys annual meeting on Friday that Apple is stepping up its ambitions in the TV market as the company seeks new sources of growth at times of tough competition on the smartphone scene in the face of its main rival Samsung and […] Read more

Ford Motor Co. to shift from Microsoft’s Windows to BlackBerry’s QNX

People familiar with the matter said that Ford Motor Co. has made a decision to abandon the use of Microsoft Corp.s Windows for its Sync mobile-phone multimedia software and switch to BlackBerrys QNX software, which is scheduled to be put into use in 2016. The same people said that such a step is considered to […] Read more

IAG posts a 770-million-euro operating profit due to strong performance by British Airways

International Consolidated Airlines Group SA made an official statement today, revealing a 2013 operating profit before one-time items, which is estimated to 770 million euros (1.1 billion dollars). The upbeat result is based on an income boost at the companys business in the U.K., as well as a successful recovery plan that was used by […] Read more

Bayer AG profit misses analysts’ estimates, forecasts increasing drug sales

Bayer AG posted its profit for the fourth quarter of 2013, which increased by 24% and reached 455 million euros but was still well bellow analysts estimates of an average 626 million euros. As reported by the Wall Street Journal, the increase was partly due to litigation expenses during 2012s last quarter. The adjusted profit […] Read more

Vivendi SA’s mobile unit SFR eyed by three potential buyers

This week Vivendi SA announced that investment firm Altice, which is currently the largest shareholder of the cable company Numericable Group SA had contacted it in reference to its mobile unit SFR. SFR is considered as the second-largest operator by subscribers in France. People with knowledge of the matter reported that the unit in question […] Read more

Tesla Motors Inc raises 2 billion dollars in bond sale, shares up 619% in 12 months

The shares of Tesla Motors Inc., which is a designer, developer, manufacturer and seller of electric vehicles and advanced electric vehicle powertrain components, increased by almost 70% in 2014 and marked a 619%-jump over the last 12 months. The company raised 2 billion dollars from the largest convertible bond sale in the U.S. in more […] Read more

TiVo Inc. posts a 710,000-dollars fourth-quarter profit, continues adding subscribers

TiVo Inc., which develops and provides software and technology for advanced television services for set-top boxes, tablets, smartphones, and other consumer electronics, announced that its net income for the fourth quarter of 2013 was 710,000 dollars as a record 313,000 new cable-TV subscribers were added to its services. TiVo Inc., which is based in San […] Read more

Royal Bank of Scotland posts an 8.2-billion-pound operating loss in 2013

Royal Bank of Scotland Group Plc posted its biggest full-year loss since its bailout, marking the companys sixth straight year in the red. As reported by Bloomberg, Ross McEwan, RBSs Chief Executive Officer, is making plans to make the lender once again profitable. Royal Bank of Scotland Group Plc made an official statement, revealing that […] Read more

Telefonica SA fourth-quarter profit beats analysts’ projections, reduces debt

The largest phone company in Spain – Telefonica SA posted a profit for the fourth quarter of 2013, which exceeded analysts estimates. The company is currently trying to reduce its costs in Europe in order to deal with revenue decline. Telefonicas incomes increase was said to be due to the fact there werent large write-downs […] Read more