Stock News

General Electric share price up, Q2 results top estimates driven by industrial growth

General Electric Co reported on Friday better-than-expected revenue and adjusted profit in the second quarter as upbeat performance in its power division offset a continued decline in oil and gas. The US conglomerate reported a 5% jump in operating profit from its industrial segment to $4.4 billion on the back of flat revenue at $26.9 […] Read more

Intel share price up, Q2 revenue tops estimates as data center business expands

Intel Corp reported a drop in second-quarter profit and revenue on Wednesday but results topped projections and the company forecast a much better performance than analysts expected for the third quarter. The chip maker said that revenue in the three months ended June 27th dropped 4.6% to $13.195 billion from $13.831 billion a year earlier, […] Read more

Toyota share price up, recalls 625 000 hybrid cars over software glitch

Toyota Motor Corp, the worlds biggest automaker, announced on Wednesday it will recall 625 000 hybrid vehicles globally to fix a software glitch that in rare cases could shut down the cars hybrid system. The latest recall action comes after the Japanese car maker pulled back almost 2.9 million vehicles in late June to replace […] Read more

Micron share price soars, receives a $23-billion buyout bid from China’s Unigroup

State-owned Tsinghua Unigroup has prepared a $23-billion offer to acquire US memory chip maker Micron Technology Inc, according to people familiar with the matter, which could be the biggest foreign takeover by a Chinese company. Unigroup said on Tuesday that a deal was still “under discussion” and that it could pay $21 per Micron share, […] Read more

General Motors share price up, recalls 155 000 vehicles in India

General Motors Co announced on Monday it will recall 155 000 Chevrolet vehicles in India starting next week to fix a faulty wiring in a remote keyless entry part. The recall, the companys biggest in the country, will cover the Chevrolet Spark and Beat hatchbacks and the Chevrolet Enjoy minivan. It affects certain vehicles manufactured […] Read more

Microsoft share price steady, cuts 7 800 jobs and writes down most of Nokia acquisition value

Microsoft Corp acknowledged on Wednesday its failure to become one of the smartphone worlds leading players little over a year after its controversial acquisition of Nokias handset unit. The software maker announced it would slash 7 800 jobs, or nearly 7% of its total headcount, and write down $7.6 billion related to its Nokia phone […] Read more

Barclays share price up, fires Chief Executive Antony Jenkins

Barclays Plc announced on Wednesday that Antony Jenkins, chief executive officer, would leave the lender after losing the confidence of its non-executive directors. The British bank said a replacement for Mr. Jenkins was underway and that Chairman John McFarlane will act as interim executive chairman before a successor is appointed. Pending regulatory approval, the change […] Read more

European stocks plummet a third day as the Greek reject austerity measures

European shares plunged sharply on Monday after the Greek vote in regard to the bailout conditions proposed by the countrys creditors in late June. On Sunday it became clear that 61% of the Greek voters said a sonorous “No” to austerity measures, which the European Central Bank, the International Monetary Fund and the European Commission […] Read more

Aetna share price down, to buy Humana in largest insurance deal

Health insurer Aetna Inc said it has agreed to acquire Humana Inc, the second-largest provider of private Medicare insurance, for $37 billion in cash and stock as it seeks to expand its health-care coverage. The combination will bring Aetna close to Anthem Incs No.2 insurer spot by membership, and would nearly triple its Medicare Advantage […] Read more