Stock News

Hewlett-Packard earnings beat estimates, shares jump 8% in after-trade

Investors, who had been worried that Hewlett-Packard would follow IBM, and disappoint in the last quarter, were surprised that HP had already included weakness in China and had performed well in other emerging markets. Shares in Hewlett-Packard jumped as much as 8% in after-hours trading on Tuesday after the technology company reported earnings at the […] Read more

US stocks compensate early gains, Nasdaq hits 4000

US stocks erased early morning gains in the final minutes of trading before close, causing main indexes to finish flat on Tuesday. The Nasdaq Composite Index topped 4,000 for first time in 13 years. The Standard & Poor’s 500 Index gained less than 1 point to 1,802.75 after earlier rising as much as 0.3%. The […] Read more

Black Friday bargains – real discounts or well performed illusion?

US shoppers would be flooding the malls in a hunt for Black Friday bargains this week, but there is a chance theyll be witnessing pricing theater. As each year stores are advertising deep discounts aimed at drawing customers into stores, retail-industry experts acknowledge that, in many cases, offered deals will be a carefully thought illusion. […] Read more

Bayer steps to acquire Norwegian Algeta in an attempt to secure new cancer drug

Bayer AG submitted an offer worth $2.4 billion for the purchase of Norways Algeta, its partner for a new prostrate cancer treatment, at a 27% premium to the stocks last close, Algeta reported today. Algeta, confirmed it was “in receipt of a preliminary acquisition proposal” from Bayer, while emphasizing that company is still uncertain of […] Read more

US stock futures remain almost unchanged before housing, consumer confidence data

US stock- index futures a little changed, giving mixed signals of what direction would indexes follow during the day after yesterday S&P 500 index fell from record levels. Investors awaited reports on consumer confidence and house prices. Futures on the S&P 500 expiring next month dropped less than 0.1% to 1,801.70 at 12:15 p.m. in […] Read more

Wal-mart picks McMillon as a new CEO

Wal-Mart Stores Inc. appointed Doug McMillon, the head of its international business, to replace Mike Duke as chief executive officer when he retires as the world’s largest retailer has to solve issues of struggling home and international growth. Mr McMillons raise comes as the group tries to reverse falling sales in the US and fix […] Read more

Fiat postpones Chrysler IPO until next year

The awaited IPO listing of Fiats US unit Chrysler will not take place until next year, the Italian car-maker said on Monday, prolonging the uncertainty over its chances of buying out the rest of the company. The delay assures more breathing space for Sergio Marchionne, chief executive of both Fiat and Chrysler, to agree on […] Read more

Samsung, LG test curved screens in a search for tech breakthrough

Samsung and LG are testing curved screens for mobile phones and wearable devices. The South Korean companies are competing against each other to deliver flexible displays to their mobile devices. Success in doing so could give them a significant advantage over Apple, Google and other makers of wearable devices in a segment that is shaping […] Read more

Boeing reports ice risk in GE engines on 787 models aircraft

Boeing Co. informed airlines that some Dreamliner aircraft running with General Electric Co. engines must bypass thunderstorms as a precautionary measure, the latest advisory on the 787 that was grounded globally earlier this year. The advisory recommended Japan Airlines Co., the world’s second-largest Dreamliner operator, to switch to other aircraft on routes linking Delhi and […] Read more