Stock News

Sony considers the sale of Gracenote’s audio-recognition service

The Qatalyst Partners of Frank Quattrone were hired by Sony Corp., which is looking to shed units in order to focus on fewer products. People, who are familiar with the matter said that Qatalyst is supposed to explore a sale of Sonys Gracenote audio-recognition software business. The annual revenue of the unit, which is now […] Read more

HTC hands global sales duties to CFO to stop revenue’s drop

Global sales were added to the duties of HTC Corp.s Chief Financial Officer Chang Chialin. Mr. Chang will be put in charge of two key functions of HTC, which is due to the fact that the Taiwan-based smartphone manufacturer is trying to stop the last two years trend of declining revenue and market share of […] Read more

Roche discounts shares on Novartis stake sell-off bet

The speculations that Novartis AG will sell its 14.1-billion-dollar stake into the market has increased thanks to the Roche Holding AG voting shares discount. Bloomberg reported that one of the analysts working for Louis Capital Markets – Ben Kelly – said that Roches voting shares have been pushed to the lowest price compared to its […] Read more

US stocks close lower before Fed’s tapering decision

Stocks fell as investors awaited a statement from the Federal Reserve on whether to continue its efforts to support the U.S. economy. The S&P 500 declined 0.3% to 1,781 at 4 p.m. in New York. The Dow Jones Industrial Average lost 9.31 points, or 0.1%, to 15,875.26. About 6 billion shares changed hands on U.S. […] Read more

Boeing conducts share repurchases for 10 billion dollars

On Monday, the board of Boeing Co.s raised the company dividend about 50%. The board also approved 10 billion dollars in a new share buyback authority, announcing that the company would use it in the next two or three years. The repurchase of the shares is estimated at about 10% of the companys stock and […] Read more

Facebook ready to launch video ads

People familiar with the matter said that Facebook Inc. will begin selling video advertisements later this week. The ads will play automatically in users new feeds and may help Facebook win a part of the 66.4 billion dollars, which are expected to be spent on U.S. television this year by advertisers. Facebook intends to make […] Read more

Stocks rise in US and Europe, amid manufacturing data, Fed meeting

US stock indexes partially recovered from the worst weekly slump since August while European stocks rose the most in two months amid manufacturing growth and as investors awaited the outcome of the Federal Reserve’s meeting. The Standard & Poor’s 500 Index added 0.6% to 1,786.54 by 4:30 p.m. in New York, while the Stoxx Europe […] Read more

General Motors withdraws Holden production in Australia

Last Wednesday General Motors Co. announced that it intends to close its Holden production facilities located in Australia by the end of 2017. This was quite an unexpected move that will result in the loss of thousands of jobs, which makes the companys future unstable. General Motors decision to end manufacturing by the end of […] Read more

Carrefour to buy 127 shopping centres in a deal worth 2 billion euros

Carrefour announced that it will invest 2 billion Euro for the purchase of 127 European shopping centre sites from Klépierre, as the French supermarket operator has decided to undertake a new strategy of going back to basics in order to update its locations and extend its reach in Europe. The purchase is happening after the […] Read more

GSK to heave its control of its drugs unit in India

GlaxoSmithKline Plc. is a science-led global healthcare company which researches, tests and develops a variety of innovative medicines and brands. The company is trying to increase its stake in Indian subsidiary from 50 to 75%, which is going to make it the latest global company to deploy cash in order to raise exposure to its […] Read more