Stock News

SAP SE share price down, to acquire Concur Technologies Inc. in an $8.3-billion deal

German business-management software giant SAP SE said it reached an agreement over the acquisition of Concur Technologies Inc. in a push to boost its cloud-computing operations. “The acquisition of Concur is consistent with our relentless focus on the business network,” said Bill McDermott, SAP chief executive, in the companys statement. “We are making a bold […] Read more

Home Depot Inc. share price up, data breach scale exceedes expectations, about 56 million cards affected

Home Depot Inc. revealed in an official statement that about 56 million credit and debit cards were subject to data breach in the period from April to September 2014. The hacker attack exceeded the scale of the one against Target Corp. in 2013. The companys Chairman and Chief Executive Officer Mr. Frank Blake apologized for […] Read more

Toshiba Corp. share price up, speeds up the restructuring of its PC business, cuts 900 jobs

Toshiba Corp. revealed in an official statement today that it plans to speed up the restructuring of its PC business in order to become more concentrated on the business-to-business field. The Japan-based company also shared that it plans to leave certain consumer markets. “The PC market is expected to see a continuing trend to modest […] Read more

Hyundai Motor Co. share price down, to acquire a $10 billion real estate in Seoul’s Gangnam district

The biggest car manufacturer in South Korea – Hyundai Motor Co. managed to beat a bid by fellow South Korean company Samsung Electronics Co. for a real estate located in Seouls Gangnam district. At KRW10.6 trillion ($10 billion), Hyundais bid is three times bigger than the assessed value of the property. Shares closed more than […] Read more

Sony Corp. share price down, market capitalization tumbles after downbeat full-year profit forecast

Sony Corp. lost ¥192.4 billion ($1.8 billion) of its market value after the company projected yesterday a larger full-year net loss than initially expected. In addition, Sony said that it wont pay dividend this year for the first time since its listing in 1958. Sony shares experienced their largest drop since November 2013 following yesterdays […] Read more

Bayer AG share price up, plans to float plastics unit MaterialScience

Bayer AG revealed in an official statement today that it intends to divest its plastics division. The long-awaited step will quicken the German companys retreat from the chemicals industry in order to narrow its focus on the more attractive life sciences operations. “In this way Bayer would position itself as a world-leading company in the […] Read more

Alibaba Group Holding Ltd set to raise over $21 billion in its IPO, starts trading on Friday on the NYSE

Chinese e-commerce giant Alibaba Group Holding Ltd is expected to sell about $22 billion in shares on Thursday putting an end to speculations and sky-high interest from investors all over the world. The company will finally carry out its Initial Public Offering, which may become the largest one on record. According to what the company […] Read more

Amazon.com Inc. share price down, rolls out new Kindle devices aimed at vast audiences

Amazon.com Inc. unveiled five new Kindle models aimed at different customers – from children to office employees, in a push to attract more users. The expanding Kindle line-up reflects the efforts of the companys Chief Executive Officer Mr. Jeff Bezos to develop new devices in order to lure media-consuming users. Amazon, which is primarily focused […] Read more

FedEx Corp. share price up, announces a 24% increase in Q1 earnings, reaffirms fiscal 2015 forecast

FedEx Corp. said that Q1 earnings rose by 24% as it managed to finalize a record buyback program, registered growth in deliveries across segments and lowered pension expense. “All three of our transportation segments drove higher revenues and improved profitability year over year,” Chief Financial Officer Alan Graf said in the statement, which was cited […] Read more

Dollar General share price down, Family Dollar advises shareholders against offer

Dollar General Corp, the largest discount retailer in the US, last week turned directly to Family Dollar shareholders with an acquisition bid. Now the board of Family Dollar issued a recommendation against the proposed deal, advising shareholders to reject Dollar Generals offer. The move follows a heated exchange of offers, rejections and counter-offers, with the […] Read more