Stock News

Boeing Co. hires hundreds of contract employees at South Carolina plant

Boeing Co. announced that it is going to add hundreds of contract employees at its plant located in South Carolina. This move is provoked by the companys need to deal with some production problems associated with the 787 Dreamliner jets line. More than 300 contract mechanics and inspectors are being hired immediately at the North […] Read more

US stocks slightly rise as investors assess corporate earnings

Three stocks rose for every two that declined in the Standard & Poor’s 500 Index. The U.S. equity benchmark added less than 0.1% to 1,844.86 at 4 p.m. in New York. The Dow Jones Industrial Average lost 41.10 points, or 0.3%, to 16,373.34 for a second day of declines. About 6.3 billion shares changed hands […] Read more

Google acquires second wind farm in Sweden

Google Inc. has confirmed its positions in the green energy business for third time in three months, with a deal to acquire all the electricity generated by four wind farms located in Sweden for a decade. The transaction seems to be similar to the one sealed between the company and Nordic wind developer O2 seven […] Read more

Nokia to return dividend to shareholders amid Microsoft handset deal

Nokia Oyj is near to finalizing the sale of its handset unit to Microsoft Corp., which is estimated to 7.4 billion dollars. Until the end of the week, the investors of the company may find out how much of the proceeds will be theirs. The handset deal was officially announced by the two companies in […] Read more

BHP Billiton announces strong increase in iron ore and metallurgical coal production

BHP Billiton Plc, which is one of the most successful diversified natural resources company, has announced strong increases in iron ore and metallurgical coal production for the final quarter of 2013. The company also shared that it believes its focus on financial discipline is one of the main reasons why it is put in a […] Read more

BlackBerry Ltd. refocuses on businesses under the lead of new CEO

The new Chief Executive Officer of BlackBerry Ltd has managed to disprove the skeptics expectations towards him and the company. According to the research firm Markit, the analysts negative forecasts have fallen to their lowest level in almost a year, thanks to the fact that the companys shares are at a four-month high. In addition, […] Read more

IBM sales fall, top executives forgo annual bonuses

A seventh straight quarterly-sales decline was posted by the biggest provider of computer services in the world – International Business Machines Corp. (IBM) amid the increasing servers demand on the market. This forced the top executives of the company to forgo their annual bonuses for 2013. The company revealed in a statement that its fourth-quarter […] Read more

US stocks retreat amid corporate earnings news

US stocks closed mixed as the latest batch of earnings news didnt manage to give the market a fresh sense of direction. The S&P 500 index added 5.10 points, or 0.28%, to 1843.80, with utilities and materials shares leading gains in eight of 10 sector groups. That reversed an earlier loss of as much as […] Read more

Amazon.com Inc. plans to launch an Internet TV Service to expand reach

Amazon.com Inc., which is known as the largest online retailer in the world, has began a rights acquisition campaign towards the media companies in the U.S. The people, who asked not to be named because the negotiations are still not public, said that the company is reaching for an online pay-television service, which would help […] Read more