Stock News

ArcelorMittal announces 23% increase in profit, 2014 outlook improves

ArcelorMittal (MT), the largest steelmaker on the globe, projects that its profit will probably increase by 16% during 2014 on recovering demand for steel in the United States and Europe. Companys earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to increase to 8 billion USD during this year, while the indicator reached 6.9 […] Read more

Toyota Motor Corp. close to settling U.S. probe in a $1-billion deal

Toyota Motor Corp., the worlds largest car manufacturer, is coming close to finalizing a $1-billion deal to settle a US criminal investigation of how the company disclosed customers complaints regarding unintended acceleration, which allegedly cost the life of several people back in 2009. The Wall Street Journal reported on Friday, citing anonymous sources, that the […] Read more

Lufthansa appoints the insider Carsten Spohr as Chief Executive Officer

The second-largest airliner in Europe after Air France-KLM Group by traffic – Deutsche Lufthansa AG – officially announced that the internal candidate Carsten Spohr was appointed by the companys supervisory board today as Chief Executive Officer and successor of Christoph Franz. Mr. Spohr is known for heading Lufthansas main passenger airline unit since January 2011. […] Read more

Apple Inc. spends 14 billion dollars on buybacks after shares drop

Apple Inc. announced that more than half of the 100 billion dollars it pledged to return to its shareholders by the end of 2015 has already been spent. Currently, the company is preparing for a battle with Carl Icahn, who is an activist investor, over the companys allocation policy that is planned later in February. […] Read more

Sony Corp. forecasts a 1.1-billion-dollar annual loss, sells PC business

Sony Corp. is considering to deal with its two most troubled units. The company announced that it intends to cut 5,000 jobs in its television and personal-computer businesses, and the TV unit will be reorganized into a separate subsidiary. Sony Corp. made an official announcement, explaining it expects a loss estimated to 110 billion yen […] Read more

Split between Apple and Bitcoin causes fans of the currency to abandon iPhones

The decision of Apple Inc. to remove a program used to send and receive Bitcoins from its App Store is said to become the main reason why many consumers abandon their iPhones. Technology enthusiasts who preferred Apples smartphones are said to share their disappointment with the companys new policy. Apple Inc. requires applications to be […] Read more

IBM to explore a sale of its semiconductor business

International Business Machines Corp. (IBM) said it is considering a sale of its semiconductor business. Such a deal is reckoned by analysts as the most important strategic move of the company since the financial crisis it dealt with in the early 1990s. People with knowledge of the matter reported that Goldman Sachs has been appointed […] Read more

LinkedIn Corp. sales forecast lags behind projections amid slow growth

LinkedIn Corp. announced its sales forecast, which trailed analysts estimates and pushed its stock down as much as 15% in extended trading. The company also revealed that all three of its professional-networking websites businesses have been experiencing slower growth. LinkedIn Corp. made an official statement, saying that its first-quarter revenue is expected to be 455 […] Read more

General Motors fourth-quarter profit misses analysts’ estimates

General Motors Co. announced that its fourth-quarter profit missed analysts estimates as the company lost money in Asia outside of China. In addition, General Motors paid higher taxes and underwent through some reorganization changes in Europe. General Motors made an official statement today, saying that its profit, excluding one-time items, was estimated to 67 cents […] Read more

Vodafone Group’s service revenue tops analysts’ estimates on growth in India

Vodafone Group Plc, which is currently the second-largest mobile-phone carrier, announced a smaller decrease in its service revenue than the initially expected one. Vodafone made an official announcement today, revealing that its service revenue, excluding currency swings and acquisitions, decreased by 4.8% and reached 9.8 billion pounds (16 billion dollars) in its third quarter that […] Read more