Stock News

Goldcorp share price down, to write down up to $2.7 billion of its Cerro Negro mine

Canadas Goldcorp Inc, the biggest gold miner by market value, warned late Monday that it might take an impairment charge of up to $2.7 billion on its Cerro Negro mine in Argentina due to unfavorable fiscal conditions in the country. The Vancouver-based company said the post-tax asset write-down would be recorded in the fourth quarter, […] Read more

Boeing Co.’s share price up, beats Airbus Group NV in the rivalry for becoming the largest jet maker in 2014

Boeing Co. was reported to have managed to deliver more planes than its major rival Airbus Group NV last year, which helped it keep the title of the worlds largest plane manufacturer for a third consecutive year. The increased number of deliveries was supported by the accelerated production of its newest jet 787 Dreamliner. Boeing […] Read more

United Airlines share price up, to outsource jobs as a cost-reducing measure

United Continental Holdings said on Monday that it was considering to outsource as many as 2 000 jobs across US airports as a part of a cost-cutting plan. The Chicago-based company said that the move will affect around 28 airports, including Atlanta, Miami, St. Louis and West Palm Beach, and it will target workers involved […] Read more

General Motors share price up, shows off its all-electric Bolt vehicle

General Motors Co unveiled on Monday the concept of its new plug-in Chevrolet Bolt, marking the companys push into the electric vehicle market. The vehicle is different for GMs Chevrolet Volt as it does not future a gasoline generator to extend travel range. The all-electric car has a 200-mile range on a single charge, a […] Read more

Hyundai Motor Co. share price up, founding family fails to sell stake in Hyundai Glovis affiliate

The founding family of Hyundai Motor Group, the fifth-biggest auto manufacturer in the world, failed to sell a stake in a logistics affiliate, impairing chairman Chung Mong-koos plans to hand control of the conglomerate over to his son. According to a person with knowledge of the matter, the Chairman of Hyundai Motor Co. and his […] Read more

Caesars Entertainment share price down, Junior creditors seek to force bankruptcy earlier than expected

A group of second-lien bondholders of Caesars Entertainment Corp are trying to push the casinos core operating unit into bankruptcy after it failed to deliver interest payments. In December Caesars Entertainment Operating Co defaulted on $225 million in interests due on $4.5 billion in second-lien notes. The move prompted the group, including Oaktree Capital Management, […] Read more

Alcoa Inc. share price up, Q4 profit beats estimates on increased aluminum demand

The biggest aluminum producer in the U.S. – Alcoa Inc. – announced better-than-expected earnings and sales over the fourth fiscal quarter due to rising demand for the metal from the auto and aerospace industries. The Chief Executive Officer of the company – Mr. Klaus Kleinfeld – shared that the regional premiums that are paid for […] Read more

Royal Bank of Scotland Group Plc’ share price up, said to be considering a sale of its corporate banking business in Asia

According to a person familiar with the situation, who asked not to be named because the negotiations are still private, Royal Bank of Scotland Group Plc is considering a sale of a major part of its Asia-Pacific business. The person reported that RBS Chief Executive Officer, Ross McEwan, was scheduled to have several meetings in […] Read more

Family Dollar share price down, encourages shareholders to vote for Dollar Tree

Discount retailer Family Dollar asked its shareholders on Monday to vote in favor of the $8.5 billion takeover offer from smaller rival Dollar Tree, despite the higher bid from Dollar General. In a letter to shareholders, Family dollar said that Dollar General’s offer is unlikely to get approved by the Federal Trade Commission, while the […] Read more

SunEdison share price up, to create India’s largest solar-panel factory

US solar power developer SunEdinson plans to create Indias largest solar-panel facility in a joint venture with domestic conglomerate Adani Enterprises. The factory will be located in the western state of Gujarat and the two parties will invest as much as $4 billion in the building process. The project is estimated to be completed by […] Read more