Stock News

Goldman Sachs updates S&P 500 estimates to a new high

Goldman Sachs Group Inc. forecast the US stock market to be going upwards for at least next two and a half years. The prediction estimates that Standard & Poor 500 Index would climb by 26% for that time to a level of 2100. Yesterday Goldman Sachs issued a end of year prediction stating the index […] Read more

Best Buy losing grip

The consumer electronic company Best Buy Co. reported today a first quarter loss comparing to last year when the results included Super Bowl TV sales. The President and CEO of the company Hubert Joly stated that this was expected having in mind the Super Bowl shifting to the fourth quarter and internal decisions of cutting […] Read more

Daxx index declines from record

Germanys stocks declined today for the first time in more than a week. Daxx Index is down by 0.19% today. German banks Commerzbank AG and Deutsche Bank AG reported substantial daily drops after JP Morgan Chase downgraded their shares ratings. The benchmark index is up 11% this year mainly due to the stimulus government offered […] Read more

A wave of mergers on Monday

As several analyst defined yesterday as a “slow day” on the market, it also was an dynamic day considering numerous company acquisitions. After the initiative was taken by Yahoo Inc. with the $1.1 billion purchase of Tumblr Inc., many other companies follow their example. The internet giant is going after the younger users as buying […] Read more

UK workers feeling the pressure

The job uncertainty in UK seems to be raising as people feel more pressure at work due to job cuts and diminished control over jobs according to national survey of employees. Both, public and private sector workers are increasingly worried about their jobs, 52% of them are concerned about job status loss. However the biggest […] Read more

US stocks slightly declined after reaching record highs

S&P 500 Index slightly declined by 0.1% yesterday after reaching a 0.3 climb earlier. Dow Jones Industrial average is down 0.1%. Procter & Gamble Co. and Coca-Cola dropped by 1.2% as consumer goods companies declined. Health-care shares lost 0.6%, not significantly considering sector rose by 22% this year. Yahoo Inc. gained 0.2% share price as […] Read more

Stocks worth following

Consumer Goods Cambell is the top performer in packaged food business with $5 above the consensus price of its shares. Companys estimates are believed to raise even more beginning with sales increase of 12%. Cambell is beating its competitors especially in Europe, a region not particularly favorable for US packaged foods. Analyst suggest the company […] Read more

GM bounces back to normal levels

The General Motor Co. shares price came back almost to 2011 levels following the global economic picture recent months as it closed at $33.42 on Friday. The share price raise led investors to discuss a possible Treasury withdrawal from the auto maker. That would also help GM to get back in S&P 500 index which […] Read more

Yahoo ready to acquire Tumblr social-blogging site

Tumblr is a blogging site and social network company founded in 2007 by its current CEO David Karp. The site employs around 175 people. Millions of blogs and billions of post are the main resource the company offers to its users, accompanied by a strong mobile platform. So far, the company has been unable to […] Read more