Stock News

JBS share price up, acquires Primo Group to push into Asia

Brazils JBS SA, the world’s biggest meat producer, unveiled a plan to increase deliveries to Asia as the company acquired Primo Group, the largest ham-and-bacon producer in Australia and New Zealand. The deal will also allow JBS to produce higher-priced processed foods and market them on the Asian markets, where Primo already delivers. The move […] Read more

General Motors Co.’s share price down, announces several senior executives shifts amid a wave of litigation over defective ignition switches

General Motors Co., which has been dealing with a series of litigation over defective ignition switches, revealed that it plans to make serious senior leadership changes. The move is considered a part of its strategy to make its quality and customer care better. The Chief Executive Officer of the company, Mary Barra, said in an […] Read more

BNP Paribas share price up, cuts trading team amid unit restructuring

BNP Paribas SA laid off some of its U.S. high-yield bond trading and sales team, as the new head of corporate and investment banking reshapes the division. According to people close to the matter, BNP fired eight employees from its bond trading team. The job trims were made the same day that the largest French […] Read more

Google Inc.’s share price down, to push back into China allowing domestic developers to sell paid apps in its Play store

According to latest reports, the largest search engine in the world, Google Inc., is pushing back to China by providing domestic developers with the opportunity to sell paid applications in its Play store, which is currently available to the 632 million Internet users in the country. After closing its Chinese search page four years ago, […] Read more

AT&T share price down, to settle with California state over illegal waste

AT&T Inc will pay $23.8 million in civil penalties under a settlement with the California state over allegations of illegally dumping hazardous waste. The settlement is pending an approval by the Alameda County Superior Court and marks the first enforcement action in California versus a telecommunications company over improperly handled and disposed hazardous waste. General […] Read more

Dollar Tree share price up, boosts outlook on best sales since 2011

Dollar Tree Inc reported its biggest same-store sales growth since 2011 as the discount retailer raised its outlook and is nearing the acquisition of Family Dollar Stores Inc. Dollar Tree projected full-year earnings to range between $2.97 and $3.04 per share, up from its previous forecast of $2.94 and $3.06 per share. It also boosted […] Read more

ThyssenKrupp share price up, swings to profit and resumes dividends

ThyssenKrupp AG promised to resume dividend payments as the company ended a three-year period of multi-billion losses, boosted by a strong growth in its capital goods unit. The German steel and elevator group stated net profit of €195 million for the fiscal year ended September 30, versus a loss of €1.6 billion a year earlier. […] Read more

Shire Plc’ share price up, to transfer more than 500 positions to Massachusetts seeking efficiency and cost saving

Shire Plc revealed that it intends to transfer more than 500 jobs from Chesterbrook, Pennsylvania, location to Lexington, Massachusetts, where its U.S. operational headquarters are planned to be established. The move is considered an attempt by the company to save expenses by combining the location of its worldwide research and development and commercial operations. As […] Read more

Target share price up, posts better-than-expected Q3 profit

Target Corp reported quarterly profit that surpassed expectations, including its first increase in U.S. same-store sales in four quarters. The retailer reported a 2.8% gain in revenue to $17.73 billion for the quarter ended November 1, compared with revenue of $17.25 billion in the same period a year ago. Net income for the quarter stood […] Read more

Vodafone share price down, bundled products may cripple profit

Vodafone Group PLCs CEO Vittorio Colao said that offering bundled television and broadband services may lead to declines in profit, as rivals use the same strategy to cut prices. Mr. Colao also mentioned than Vodafone may be forced to bid for TV rights just to keep up with the competition. British BT Group had started […] Read more