Stock News

General Motors’ Chevrolet being withdrawn from the European market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

General Motors completes sale of Ally Financial Inc.

General Motors Co. has made an important move that may turn out to be quite helpful as U.S. Government considers different options for its own shares in the company. The remaining stake in Ally Financial Inc., which is a former lending subsidiary company, is being sold by General Motors. Nowadays Ally Financial Inc. is one […] Read more

China Mobile and Apple sign a long-awaited deal

A long-awaited deal between Apple Inc. and China Mobile Ltd. has been signed. The tie-up concerns the distribution of iPhones on China Mobiles network, and will have literally a push-up effect on the Apples sales on the Chinese market – the worlds largest mobile market. The arrangement will give Apple access to more than 700 […] Read more

Tingyi on the way of using 1.6 billion dollars for food deals

Tingyi (Cayman Islands) Holding Corp. is a local Chinese company, which specialises in manufacturing and distributing baked goods, instant noodles and beverages. After its annual sales slowly grew, the company started considering expansion by buying instant food businesses. On November the 29th, Frank Lin, who is the Chief Financial Officer or Tingyi, announced that the […] Read more

US stocks slightly decrease over stimulus tapering concern

US stocks retreated for a fourth day, the longest slump in 10 weeks for the Standard & Poor’s 500 Index, as investors weighed recent economic data for the Federal Reserve to start paring stimulus efforts this month. The S&P 500 lost 0.1% to 1,792.81 at 4 p.m. in New York. The benchmark index hesitated from […] Read more

Takeda starts a new tradition in naming outsiders in leadership positions

Takeda Pharmaceutical Co. has more than 230 years of experience, during which the company proved itself not only as one of the oldest, but also one of the most successful Japanese drugmakers. The company also specializes in manufacturing food supplements, chemical products, food, agrochemicals and environment-related products. However, traditions are not what they used to […] Read more

Tesco loses its sales and influence as a grocer on the UK market

The largest food retailer in the UK – Tesco Plc. has announced that its domestic sales are falling once again due to the overall market slowdown. The sales of the company went 1.5% down during the third quarter of this financial year, and these losses exclude all gasoline and value-added taxes. The spokesmen of the […] Read more