Stock News

Suzuki Motor share price down, to buy back Volkswagen’s stake after arbitration ruling

Japanese car maker Suzuki Motor Corp said on Sunday it would buy back a 19.9% stake it sold to Volkswagen AG in 2010 after an international arbitration court granted it an exit from a fruitless tie-up. A classic example of a failed partnership in the car industry where complex supply chains and differences in management […] Read more

GameStop share price up as Q2 results beat estimates

GameStop Corp, the worlds largest retailer of video games and related products, reported on Thursday solid growth in second-quarter profit and revenue and boosted its full-year guidance, aided by the release of highly-awaited video games and growth in its new initiatives. The company said that net profit for the three months ended August 1st rose […] Read more

Pernod Ricard share price drops as full-year profit misses estimates

Pernod Ricard SA, the world’s second-biggest liquor group, reported on Thursday a 15% drop in full-year profit amid a continued market decline in China and a hefty writedown on its Absolut vodka brand. The French company, also maker of Martell cognac and Jameson whiskey, said that net profit for the year ended June 30th dropped […] Read more

Oshkosh share price surges, wins $6.75-billion US Army contract to replace Humvee

US specialty truck maker Oshkosh Corp won on Tuesday a military contract to replace aging Humvees used by the US Army and the Marine Corps. The Wisconsin-based company was chosen over Lockheed Martin, the biggest government contractor, Britains BAE Systems, and AM General, the Humvee’s maker, to build almost 17 000 new light trucks, valuing […] Read more

BHP Billiton share price jumps on dividend pledge despite profit plunge

BHP Billiton, the worlds biggest miner by market value, announced on Tuesday an 86% drop in annual net profit but pledged to protect its progressive dividend policy. The miner said that net profit tumbled 86% to $1.91 billion in the fiscal year ended June 30th, down from $13.83 billion a year earlier, as it took […] Read more

Netflix share price down, announces partnership with SoftBank in Japan

Netflix Inc, the world’s largest video streaming provider, announced on Monday a tie-up with SoftBank Group Corp ahead of the US companys launch in Japan next week. Under the partnership, SoftBank will be selling Netflix subscriptions in the Asian country through its retail network, helping expand Netflixs subscriber base which as of the second quarter […] Read more

HP share price down as Q3 sales extend decline

Hewlett-Packard Co reported on Thursday a fourth straight quarterly drop in revenue, although earnings topped projections, as it prepares to split into two listed companies in November. The worlds second-biggest PC seller said revenue fell 8% to $25.3 billion in the three months ended July 31st, a 15th decline in the past 16 quarters, from […] Read more

Lowe’s share price up as Q2 sales top estimates

Lowes Companies Inc, the second-biggest US home improvement chain, reported on Wednesday better-than-expected same-store sales in the second quarter as it benefited from improving consumer sentiment and a continuously recovering US housing market. The company, which operates 1 846 home improvement and hardware stores in the United States, Canada and Mexico, said that same-store sales, […] Read more

Glencore share price down, reports H1 loss, cuts trading guidance

Glencore Plc, the worlds largest producer and trader of raw materials, said on Wednesday that a steep drop in commodity prices pushed it to a loss in the first half, while profit from its trading arm that is supposed to offset such market routs also slid. Glencore said that it swung to a net loss […] Read more

Volkswagen share price down, investigates vehicles after Takata air bag rupture

German carmaker Volkswagen AG is investigating recently manufactured vehicles fitted with Takata Corp. side air bags after one of the safety devices ruptured in June in a 2015 model Tiguan SUV. US safety regulators said on Monday they have directed the US units of Volkswagen and Takata to provide information on an incident that occurred […] Read more