Stock News

Citigroup Inc. share price down, sells OneMain to Springleaf in a $4.25-billion deal

Citigroup Inc. reached an agreement to sell its OneMain financial arm to Springleaf Holdings Inc. in a $4.25-billion cash deal, creating the largest US subprime lender. The transaction is expected to be finalized in the third quarter of the fiscal year and is subject to approval by US regulatory authorities. According to Citigroup, the disposal […] Read more

Toyota Motor Corp. share price down, diversifies executive ranks

Toyota Motor Corp. announced the unprecedented appointment of a French national as executive vice president, while also naming its first female and African-American managing officers in a push to diversify senior ranks mainly comprised of Japanese men. According the companys statement, Toyota Europes current head who has been serving at the position for half a […] Read more

Glencore share price down, beats estimates on commodities trading

Glencore Plc reported on Tuesday results above expectations as robust performance of its commodities trading operations offset the slide in prices. The miner and commodity trader stated an adjusted net income of $4.29 billion for in 2014, down 7% compared to the previous year but better than the $4.08 billion average projection of the 18 […] Read more

RWE AG share price down, completes sale of Dea unit to LetterOne

RWE AG, Germanys second-biggest utility, announced on Monday it has completed the sale of its oil and gas production unit RWE Dea AG to an energy-investment fund led by Russian billionaire Mikhail Fridman. The controversial deal, estimated at €5.1 billion based on current exchange rates, confirmed information of a planned agreement released on Sunday, ending […] Read more

HTC share price up, unveils the Vive

HTC Corp announced on Sunday its partnership with game developer Valve aimed at delivering a virtual reality device by the end of the year. During the Mobile World Congress in Barcelona, the two companies announced their plan to compete in the high-technology market of the future and challenge companies like Google, Facebook, Sony and Samsung […] Read more

BASF SE share price down, Q4 profit tops projections

The worlds biggest chemical manufacturer – BASF SE – reported on Friday that fourth-quarter profit beat analysts projections, driven by strong performance in the chemicals division and lower oil prices. According to the companys statement, earnings before interest, tax and one-time items rose by 2.8% to €1.46 billion ($1.64 million), topping analysts forecasts of €1.38 […] Read more

Lloyds Banking Group Plc share price up, announces dividend after swinging back to annual profit

The biggest mortgage lender in the U.K.- Lloyds Banking Group Plc – announced on Friday that it will resume dividend payments after reporting the first full-year profit since its 2008 government bailout. According to the companys statement, net profit amounted to £1.5 billion ($2.3 billion) in 2014, compared to a loss of £838 million a […] Read more

IAG share price up, lifts guidance on strong performance

International Airlines Group reported a significant increase in net profit on Friday and lifted its full-year profit guidance. Operating profit before exceptional items came in at €1.39 billion in the past year compared to a result of €770 million in the prior period, Europes third-largest airline group said in a statement. IAG, owner of British […] Read more

Airbus share price up, boosts dividend on record deliveries

Airbus Group NV reported a significant boost to annual profit on Friday as Europe’s biggest plane maker outlined its intentions to increase production of its A320 aircraft. The company reported a 59% jump in net profit for the past year to €2.34 billion, or €2.99 a share, compared to the €1.47 billion, or €1.86 a […] Read more

IBM share price up, to deliver $40 billion in revenue from the cloud

International Business Machines Corp is looking to boost its presence in the cloud amid sluggish sales in its core businesses as the company announced elevated spending in the fast-growing segment. The company said on Thursday it would invest $4 billion of its planned spending into “strategic imperatives” of cloud, analytics, mobile, social and security technologies. […] Read more