Stock News

Alibaba share price down, US retailers urge lawmakers to take action

A coalition of companies warned in a new ad that online retail giants, like Alibaba Group Holding Ltd, will “decimate” local retailers unless Congress passes a bill to prevent online buyers from avoiding sales tax. The ad from a campaign group, including companies like Target, Best Buy, Home Depot and JC Penney, threatened Alibaba and […] Read more

Samsung Electronics Co.’s share price up, keeps basic management structure by retaining top executives in the lead

Samsung Group revealed its annual management changes at its divisions today. The group said that its top executives at Samsung Electronics Co. will be left intact at their current positions, as the company has recently been trying to swing back to profit again. Claire Kim, an analyst at Daisin Securities Co., commented on the companys […] Read more

E.ON share price up, to split as it focuses on renewables

E.ON SE, Germanys biggest utility by market value, said it would split into two companies, spinning off its fossil fuel and nuclear generation power plants into a new company while turning its attention to renewable energy sources. The new publicly listed company would consist of E.ONs conventional generation, global energy trading, and exploration and production […] Read more

Altice SA share price up, starts exclusive negotiations to acquire Oi SA’s Portuguese assets

Altice SA announced that it has started exclusive negotiations to acquire the Portuguese assets of Oi SA. The price of the deal is estimated to about €7.4 billion ($9.2 billion). The bid of Mr. Patrick Drahis company is considered to fend off a competitive acquisition offer made by Apax Partners LLP and Bain Capital LLC. […] Read more

Deutsche Lufthansa AG’s share price up, to ground more than 1 000 flights due to a new wave of pilots walkouts

The pilots union said in a written statement that pilots at the largest airline in Europe, Deutsche Lufthansa AG, are expected to go on strike. The walkouts come after the failure of the retirement benefits negotiations and will ground more than 1 000 passenger flights and some cargo transport out of the country on December […] Read more

Samsung Electronics Co. share price up, production issues to delay the release of Galaxy A3 and A5 in China

According to a report, one of the official representatives of Samsung Electronics Co. revealed that the company is planning to delay the launch of its Galaxy A lineup in China from November to December 2014. The company is said to be currently facing some headwinds producing its new metal-clad Galaxy A product line. A representative […] Read more

Novartis AG share price up, new heart-failure treatment to receive an accelerated review by European authorities

Novartis AG announced that an accelerated review by the European authorities has been granted to a new drug for treating heart failure, improving its chances for getting a regulatory approval in Europe within 2015. The Committee for Medicinal Products for Human Use, part of the European Medicines Agency which reviews drugs and makes recommendations related […] Read more

ThyssenKrupp share price down, introduces the holy grail of the elevator industry

ThyssenKrupp AG unveiled a design for the worlds first cable-free elevator that utilizes magnets and can move in both horizontal and vertical line. Describing its creation as the “holy grail of the elevator industry”, the German steel and technology conglomerate said the new system would enable multiple elevators to use the same shaft. The implemented […] Read more

Rio Tinto share price up, pledges to deliver increased shareholder returns

Rio Tinto Plc, the world’s second-biggest mining company, has not detoured from its plan to deliver increased dividends, after it rebuffed a takeover offer earlier this year from Glencore. The company, one of the leading iron ore producers, also announced it deferred plans to invest in Australias Silvergrass mine until “at least the third quarter […] Read more