Stock News

Amazon.com Inc share price down, worldwide expansion continues

Amazon.com Inc will add 1 000 permanent jobs in the UK, invest in India, and build its first brick-and-mortar outlet in New York. The Internet retailer reported that it will open 1 000 permanent jobs in the UK. The company already has 6 000 workers across its eight distribution hubs, mainly based in small towns, […] Read more

Fiat Chrysler Automobiles NV’s share price up, starts trading on the NYSE today after completing its merger

Fiat Chrysler Automobiles NV started trading on the New York Stock Exchange on Monday after the two companies completed their merger in an attempt to expand their reach and consolidate positions on the market. The stock of the new company is to be traded under the symbol FCAU and will be moved from the Milan […] Read more

Sears Holdings Corp.’s share price up, discount chain Kmart to offer free credit monitoring to customers after suffering a data breach

The discount chain of Sears Holdings corp., Kmart, announced that its customers will be provided with free credit monitoring at a time when the chain is investigating a hacker attack, which was detected last week. The President of Kmart – Mr. Alasdair James – said in the statement, cited by BBC: “I sincerely apologise for […] Read more

General Dynamics Corp. share price down, Gulfstream Aerospace set to announce new business jet

Gulfstream Aerospace Corp, a subsidiary of General Dynamics Corp, is expected to unveil a new business jet, as it has called media and analysts to its announcement on Tuesday. The invitations were non-descriptive but several people familiar with the matter had confirmed that it will involve a new plane. Gulfstream has a history of keeping […] Read more

Thorntons PLC share price down, Q1 sales fall 11.9%

Thorntons Plc reported an 11.9% decline in first-quarter sales due to fluctuating timing of commercial orders and lower consumer sentiment, sending the companys shares falling to the lowest in more than a year. On Monday, the British chocolate maker said in a statement that its UK commercial sales had dropped 16.4% for the quarter ended […] Read more

Samsung Electronics Co. Ltd’s share price down, to launch a new faster Wi-Fi technology that boosts data transmission

The largest smartphone manufacturer in the world – Samsung Electronics Co. Ltd said in an e-mailed statement, that it has developed a faster Wi-Fi technology. According to this statement, the new technology is able to boost the speed of data transmission by five times the maximum rate possible. The launch of the new technology on […] Read more

Canadian Pacific Railway Ltd share price down, makes an offer to merge with CSX Corp

Last week Canadian Pacific Railway Ltd approached CSX Corp with a merger proposal to create a transcontinental carrier. People familiar with the matter said that the offer was quickly rejected and it is not clear whether Canadian Pacific will return with an improved bid. Combined, the two companies would be worth more that $60 billion. […] Read more

Statoil ASA’s share price down, to sell a 15.5% stake in the Shah Deniz field to Petroliam Nasional Bhd in a deal estimated to $2.25 billion

The largest energy company in Norway – Statoil ASA announced in an official statement that it intends to dispose of its 15.5% stake in the Shah Deniz field in Azerbaijan. The company, whose production from the field in question over the second fiscal quarter amounted to 38 000 barrels of oil on a daily basis, […] Read more

Twitter Inc share price down, beats Facebook in the money-transfer race

The social media giant launched a new initiative in co-operation with one of Frances largest banks to let its customers make money transfers via tweets. Twitter is the next tech company to strike a deal with a bank regarding new payment methods online. Groupe BPCE, Frances second-largest bank, said last month that it was ready […] Read more

Luxottica Group SpA’s management turmoil continues, CEO Cavatorta to leave after disagreements with founder Del Vecchio

The biggest eyewear manufacturer in the world – Luxottica Group SpA is to part with another Chief Executive Officer, as Mr. Enrico Cavatorta has decided to leave the company. The news hints that the imbalance at the manager level of Luxottica, which is considered to have started in September, is still troubling the eyewear maker. […] Read more