Stock News

Actavis Plc’ share price up, company approaching a $62.5-billion deal with Allergan Inc.

People familiar with the situation reported that Actavis Plc is approaching the finalization of a deal with Allergan Inc. estimated to more than $64 billion. The deal is to allow Allergan to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc. The people, who asked not to be identified because the information is […] Read more

Toray Industries share price up, expands a carbon fiber deal with Boeing

Japans Toray Industries Inc said it agreed to become the sole supplier of carbon fiber for Boeings 777X passenger jet in addition to the 787 Dreamliner. The world’s largest carbon fiber maker said the new supply contract will extend the existing one with more that 10 years, with expected material orders for both planes to […] Read more

Apple share price up, now accepts UnionPay on app store in China

Apple Inc reached a deal with UnionPay, the only domestic bank card issuer in China, securing easier purchases for customers in the region. In an effort to diversify payment methods for its Chinese users, Apple will now allow them to link their Apple ID with a debit or credit card issued by UnionPay. The move […] Read more

Facebook Inc.’s share price up, develops a new professional service “Facebook at Work” to set foot at companies’ offices

The largest social network in the world – Facebook Inc. – was reported to have been secretly working on a new project called “Facebook at Work”. The new website of the company is a step that is supposed to provide it with the opportunity to set foot at companies offices. The new product is to […] Read more

General Motors Co share price, faulty-switch program extended

Kenneth Feinberg, compensation expert hired by General Motors, extended by one month the time frame to file death and injury claims related to the companys faulty ignition switches. Originally, the program, which started August 1, was supposed to end December 31. However, under heavy pressure from families, politicians, safety advocates and lawyers, the deadline was […] Read more

Nestle SA share price down, to explore different options for its frozen-products unit Davigel European

The largest food company by sales in the world – Nestle SA said on Friday that it is trying to find a partner for its frozen-products division Davigel European as one of a variety of strategic options for its business. “This mainly involves identifying a partner to help Davigel in its next stage of growth […] Read more

Amazon share price up, reaches agreement with Hachette

Amazon.com Inc. struck a new multi-year publishing deal with Hachette Book Group over print and digital books, bringing to an end a dispute started in early May. The main problem lied in the disagreement on how e-books should be priced and what part of their revenue should each party involved get. In line with the […] Read more

Alibaba share price up, announces bond sale to cover loan repayments

Alibaba Group Holding Ltd. unveiled its first U.S. bond sale, following a significant stock price increase since its record $25 billion initial public offering. Asia’s largest Internet company will try to raise as much as $8 billion in the upcoming weeks, according to people with knowledge on the matter. An initiative of that size would […] Read more

Oracle Corp.’s share price up, puts an end to the copyright lawsuit against SAP SE by accepting a $359 million damages award

Oracle Corp. was reported to have accepted a total of $359 million in damages award in order to put an end to its copyright lawsuit against SAP SE, the biggest back-office business-management software supplier. According to a court filing posted today, SAP is to pay a total of $356.7 million plus $2.5 million in interest. […] Read more

UPS share price down, announces cost-cutting plan in order to reach ambitious targets

United Parcel Service Inc. unveiled a five-year plan, including aggressive cost-cutting measures, as the company tries to grasp aspiring growth goals. UPS said the boom in online retailing is an opportunity for the company and not a threat. In line with this view, the company projected full-year earnings per share to range between $4.90 and […] Read more