Stock News

Boeing Co. share price up, to split federal funding of $6.8 billion with SpaceX to create American space taxis

Boeing Co. was awarded a contract valued at about $4.2 billion by NASA. The company will split federal funding of as much as $6.8 billion with its competitor Space Exploration Technologies Corp. in order to help the U.S. resume manned missions and cut its reliance on Russian rockets. As reported by the Financial Times, NASA […] Read more

AT&T Inc. share price up, CSO Stankey points Latin America as a region of interest

The Chief Strategy Officer of AT&T Inc. – Mr. John Stankey said that the carrier saw a lot of near-term and long-term options for AT&T in Latin America and is poised for acquisitions in Mexico. “In particular, Mexico, if you step back and think about Mexico, is the place that is prone to move into […] Read more

Publicis Groupe SA share price up, to extend CEO Levy’s term until early 2017 to ensure smooth succession

Publicis Groupe SA announced in an official statement today that it extended Chief Executive Officer Maurice Lévys term by 18 months after more than 40 years spent in the company, highlighting its struggle to find a successor. Mr. Lévys tenure extension comes only months after plans for a $35-billion megamerger with Omnicom Group Inc. collapsed. […] Read more

ASOS Plc share price down, posts fiscal 2015 profit warning

Asos Plc, Britains largest online-only fashion retailer, posted a warning for its 2015 profit due to lower selling prices and investments in logistics and technology. The companys shares declined as much as 15% after the third profit reduction for 2014. Asoss Chief Executive Officer Mr. Nick Robertson said in a statement, which was cited by […] Read more

Mail.Ru share price up, buys remaining 48% of VKontakte for $1.47bn

Mail.Ru, one of the internet leaders in Russia, announced the acquisition of the 48.01% of dominant Russian social media VKontakte it didnt already own for $1.47bn, settling shareholder disputes and looking to tap into the 92m monthly average user base of VK.com. The move follows almost a year-long confrontation between Mail.Ru and VK.coms now-former minority […] Read more

Airbus Group NV share price up, sells Defence and Space unit businesses to focus on core operations

The largest aerospace group in Europe – Airbus Group NV revealed that it plans to focus its defence activities primarily on space launchers and satellites, military aircraft and missiles. The France-based company shared it intends to sell a group of assets as part of a restructuring strategy that includes significant lay-offs. “The portfolio review is […] Read more

Orange SA share price down, makes a €3.4-billion takeover bid to Jazztel to expand reach in Spain

France-based Orange SA revealed that it made an acquisition bid of about €3.4 billion ($4.4 billion) in cash to the Spanish broadband provider Jazztel Plc., the French companys largest takeover offer in almost ten years. “We are doing this deal to accelerate our growth in Spain, particularly in fixed-mobile convergent offers,” said Orange Chief Executive […] Read more

Alibaba Group Holding Ltd increases projected IPO price range to $66 – $68, hoping to raise as much as $21.8 billion

Alibaba Group Holding Ltd, which is still preparing its Initial Public Offering that could become the largest one in the world, increased the amount it is seeking to raise on Friday to as much as $21.8 billion following strong investor demand. According to a regulatory filing, Alibaba, the largest e-commerce company in China, is now […] Read more

General Motors Co. share price up, to pay compensations for 19 death cases related to faulty ignition switches

According to the first batch of applications to a victims compensation fund, a total of 125 claims of fatalities related to defective ignition switches have been received so far by General Motors, the largest auto maker in the U.S. The compensation expert hired by GM to vet which applications were valid – Kenneth Feinberg – […] Read more

Google Inc. share price down, launches the $105 Android One smartphone in India to expand reach

Google Inc. launched a new line of affordable smartphones on Monday in India. The Android One – a low-cost device capable of Internet access, is aimed at persuading more people in the fastest-growing smartphone market, as well as other emerging markets, to upgrade their handsets. Mr. Sundar Pichai, senior vice president of Google said in […] Read more