Stock News

Danone doubles its stake in Mengniu Dairy Co.

Danone, which currently is the largest yoghurt maker in the world, announced that it reached an agreement with China Mengniu Dairy Co. to pay 486 million Euro (663 million dollars) in order to more than double its stake in the company. The nations increasing demand for dairy products is considered the main reason for this […] Read more

Barclays allocates 10% for bonuses despite weak fourth quarter

The second-largest bank by assets in the U.K – Barclays Plc increased the amount it pays out in bonuses by 10% even considering the fact that the division posted a loss in the fourth quarter. Barclays Plc made an official statement today, announcing that the unit posted a pretax loss estimated to 329 million pounds […] Read more

L’Oreal buys back 8% stock from Nestle in a 8.2-billion-dollar deal

LOreal SA, which is currently the largest cosmetics maker in the world, made an official statement announcing that it has reached an agreement with Nestle SA to buy back 8% of its stock. The deal is estimated to 6 billion Euro (8.2 billion dollars) and is the first shares sale by Nestle after 40 years […] Read more

Mercedes-Benz sales growth surpasses BMW on compact cars

Mercedes-Benz said that its vehicle sales posted a faster growth in January 2014 than the ones of its most serious competitors – Bayerische Motoren Werke AG and Audi AG. This considerably helped the German carmaker to narrow the gap in deliveries with its two biggest rivals Daimler AGs Mercedes is currently the third-biggest luxury vehicles […] Read more

Facebook seeks to give emerging market mobile subscribers special access to its content

Vodafone revealed in a statement that mobile operators are pressed by Facebook and some other internet content providers to provide subscribers in some markets with special access to their content. The Chief Executive Officer of Vodafone – Vittorio Colao – announced that he had been asked by Facebooks Chief Operating Officer – Sheryl Sandberg to […] Read more

Boeing Co. announces Air India is dissatisfied with the reliability of its 787 Dreamliner

Boeing Co. announced that Air India Ltd is not satisfied with the performance of its 787 Dreamliner after some of the planes suffered defects over the last few months. The Senior Vice President of Boeing – Dinesh Keskar – said in an interview cited by Bloomberg: “Yes, they are not happy with the reliability portion, […] Read more

Deutsche Telekom AG to acquire Czech unit in a 1.1-billion-dollar buyout

Deutsche Telekom AG announced that it agreed to acquire full ownership of its Czech unit. The company depends on a recovery in the telecommunications in Eastern Europe, which is known to contribute almost a quarter of the carriers revenue. According to an official statement made by Mid Europa Partners LLP, 828 million Euro (1.1 billion […] Read more

Barclays Plc announces full-year profit decline, misses analysts’ estimates

Barclays Plc posted a full-year profit that missed analysts estimates. Chief Executive Officer Antony Jenkinss complete makeover of Britains second-biggest bank was impaired by litigation and compensation charges. Barclays Plc, which is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services, made a […] Read more

Nissan Motor Co. turns into least profitable carmaker in Japan

Nissan Motor Co. was reported to have become the least profitable car manufacturer in Japan despite a weaker yen which boosted earnings at most of the nations exporters. Nissan Motor made an official statement announcing that its net income rose 57% and reached 84.3 billion yen (825 million dollars) in the fourth quarter. As reported […] Read more