Stock News

Qualcomm share price up, agrees to pay $975 million fine to China

Qualcomm Inc announced on Monday that it has agreed to pay a fine of $975 million following more than a year-long investigation from Chinese antitrust regulators. The San Diego-based company said it was found in breach of anti-monopoly law by the National Development and Reform Commission and it agreed to comply with the penalties, which […] Read more

McDonald’s share price down, reports weak January sales

McDonald’s Corp reported disappointing sales in January as better performance in Europe and the US could not offset the fallout of food scandals in China and Japan. The worlds largest restaurant chain stated a 1.8% decline in global comparable sales, worse then projections of 1.2% drop in worldwide same-restaurant sales. The figure also represents the […] Read more

HSBC share price down, admits aiding clients avoid taxes

The largest bank in Europe HSBC Holdings Plcs private-banking arm has been linked to helping wealthy clients around the world avoid millions of taxes. Hervé Falciani, a former IT expert at HSBCs Swiss operations, has leaked secret documents, stolen in 2007, to several news organizations which outline ties between the bank and international criminals. According […] Read more

Nissan share price up, projects higher profit on weak yen

Nissan Motor Co lifted its full-year earnings guidance on Monday as favorable exchange rates and strong US sales helped the Japanese company to overcome a slowdown at home. The Nishi-ku, Yokohama-based company projected net income for the financial year ending March to stand at ¥420 billion, up from its previous forecast of ¥405 billion. The […] Read more

Alibaba share price up, acquires part of Chinese smartphone maker Meizu

Alibaba Group Holding Ltd agreed to acquire a minority stake in Chinese smartphone maker Meizu Technology Corp for $590 million, marking another push from the e-commerce behemoth into the mobile industry. Although this is the first time Alibaba has directly purchased a stake in a smartphone manufacturer, the deal falls under the companys plan to […] Read more

Harris Corp. share price up, to acquire Exelis Inc. in a $4.75-billion deal

Harris Corp. announced that it reached an agreement to acquire Exelis Inc. in a deal estimated at $4.75 billion, creating the 11th biggest Federal contractor as the Pentagons budget stabilizes. The Chief Executive Officer of Harris – Mr. William Brown said a statement: “The combination of the two companies’ highly complementary core franchises creates a […] Read more

Siemens AG share price down, eliminates 7 800 jobs to complete restructuring

Siemens AG, Europes largest engineering company, announced that it intends to cut around 7 800 jobs, representing about 2% of its global workforce. The layoffs come as a finishing touch to Siemens CEO Mr. Joe Kaesers restructuring program aimed at streamlining operations to cut expenses and boost profitability. According to the company’s statement, about 3 300 of […] Read more

Verizon share price up, sells certain landline assets, cell towers

Verizon Communications agreed to sell around a quarter of its telephone and internet operations in two separate deals with a joint value of $15.6 billion, as the company focuses on its wireless business. The company announced on Thursday it will sell its local wireline phone operations in California, Florida and Texas to Frontier Communications in […] Read more

Alcatel-Lucent share price up, sees positive free cash flow in 2015

Alcatel-Lucent SA reported another quarter of improved margins as performance benefited from cost cuts and strong results from the French telecoms equipment manufacturers internet routing business. The Paris-based company reported a net income of €271 million, or €0.08 a share, for the three months ended December 31, compared to €134 million, or €0.05 cents a […] Read more

HTC share price up, sees more revenue growth in 2015

HTC Corp projected on Friday a further revenue increase in 2015 after the Taiwanese smartphone maker posted its first quarter of revenue growth in more than three years. For the three months ending March 31 HTC projected revenue to range between 41.5 billion New Taiwan dollars and NT$45.0 billion, with the middle of the projection […] Read more