Stock News

The QBE share price goes down as they expect profits in 2014

QBE Insurance Group Ltd. is currently the largest insurer in Australia, unfortunately announced that it would record a loss this year after dropping by more than one-fifth of its shares value. The losses of the company are due to its problematic business in the U.S., as well as to higher provisions and writedowns. Some of […] Read more

Google starts price war by squeezing the Moto G’s margins

A new recent analysis has shown that Motorola, which is owned by Google Inc., is currently selling its new Moto G smartphone at a lower profit margins than its competitors ones. Most market specialists believe this will put a pressure on both Apple Inc. and Samsung Electonics Co., which are considered the leaders on the […] Read more

Europeans stocks add another week of declines amid positive US data

European stocks wrapped up a week of deepest drop since June as better-than-estimated U.S. economic reports caused speculation that the Federal Reserve will begin cutting stimulus measures sooner than forecast. The Stoxx Europe 600 Index fell 2.7% to 316.5 last week. The regional benchmark index has still surged 13% in 2013 as central banks pledged […] Read more

Nike and Adidas head to head in World Cup brand rally

The two giants in sport equipment, Nike and Adidas, are preparing themselves for an advertising war for the upcoming World Cup in Brazil next year. Nike currently owns 14.6% of the global sporting goods market to Adidas 11.4%, and is aiming at the German brands No. 1 position in Europe. Adidas held 13.2% of the […] Read more

US stocks snap recent declines amid non-farm payrolls, confidence data

U.S. stocks surged, snapping a five-day slide for the Standard & Poor’s 500 Index, as investors acknowledged better-than-forecast jobs growth to asses the strength of the economy and timing of Federal Reserve stimulus cuts. The S&P 500 gained 1.1% to 1,805.09 at 4 p.m. in New York. The advance almost fully compensated the index’s drop […] Read more

Shell drops plans for a GTL plant in the U.S.

Royal Dutch Shell has been planning to make a multibillion-dollar investment by building a flagship plant in the U.S. The initial idea of the company was to use the plant to convert natural gas into diesel and jet fuel. However, Shell was obviously concerned about the costs of the project and has recently dropped the […] Read more

General Motors’ Chevrolet being withdrawn from the European market

General Motors Co. is the worlds second-largest automobile company, which develops, manufactures and markets cars, trucks and parts. The company announced that it will withdraw its Chevrolet brand from the car market in Europe. This is the outcome of a 10-year-long brand strategy, which proved itself unsuccessful to make a commitment with the customers of […] Read more

Honda uses dealer incentives to increase sales in U.S.

Although Honda Motor Co. performed quite poorly in its November sales, it still hopes to recover its positions by offering some great cash incentives to U.S. Dealers in order to boost their business during the holiday season. On Wednesday the company announced that it would pay 3,000-dollar bonuses for every vehicle sold above its total […] Read more

US stocks retreat for a 5th day on positive economic data

US stocks drop for a fifth day, signaling the Standard & Poor’s 500 Index would most likely wrap a week of a declines, after improving economic data boosted bets the Federal Reserve will decrease its monthly bond purchases sooner than estimated. The S&P 500-stock index dropped 7.78 points, or 0.4%, to 1785.03. The Nasdaq Composite […] Read more

Challenge accepted: Samsung selling phones to enterprises

Samsung Electronics Co. is the biggest smartphone seller in the world. However, being a South Korean technology giant is not sufficient enough in order to win more corporate and government customers to the company. Now Samsung faces a new challenge – building a reliable customer-service network especially for businesses, and of course, developing a security […] Read more