Stock News - Part 408

Twitter Inc. share price up, plans to raise as much as $1.5 billion in its first debt offering

September 11, 2014 6:24 am

Twitter Inc. is planning to raise about $1.5 billion in its first sale of debt. The company, which went public in November 2013 and is still unprofitable shared that it intends to use the proceeds to invest in future acquisitions and expansion. A spokeswoman of the company – Ms. Natalie Miyake – refused to make […] Read more

Rocket Internet AG aims to raise €750 million in IPO

September 10, 2014 2:26 pm

Germany-based Rocket Internet AG, an enterprise which invests, manages and expands internet-related businesses, revealed in an official statement that it plans to raise €750 million ($970 million) in its Initial Public Offering, planned for later this year. According to people with knowledge of the situation, the IPO could value the company at more than €5bn. […] Read more

Deutsche Lufthansa AG share price down, considers a new offer to pilots, cancels more flights than expected

September 10, 2014 1:25 pm

Deutsche Lufthansa AG plans to make a new offer to its pilots, who are participating in a series of strikes over early retirement benefits. The German airline is considering options to put an end to the pilots walk-outs, which took place three times in a period of two weeks. “We want to provide the pilots […] Read more

Dollar General share price up, turns directly to Family Dollar shareholders

September 10, 2014 12:29 pm

Dollar General Corp, the largest discount retailer in the US, announced a hostile bid after the board of long-sought Family Dollar declined the latest offer on grounds of unlikely regulatory approval. The tender bid is the same as the previous one and offers $80.00 per Family Dollar share in cash. The board of Family Dollar […] Read more

Fiat SpA share price up, Ferrari Chief Montezemolo resigns after misunderstandings with Fiat’s Marchionne

September 10, 2014 12:24 pm

Fiat SpA revealed in an official statement today that Ferrari Chairman Luca Cordero di Montezemolo is resigning after spending more than two decades leading the super-car manufacturer. The decision of Mr. Montezemolo comes after a public spat with Fiats Chief Executive Officer Mr. Sergio Marchionne. Discussions over Ferrari’s future and its racing potential “led to […] Read more

Intel Corp. share price down, CEO Krzanich pushes the company towards mobile market presenting a new Dell tablet

September 10, 2014 11:27 am

The Chief Executive Officer of Intel Corp. – Mr. Brian Krzanich is revealing devices that he believes will show the companys progress in its push into mobile devices. At the annual Intel Developer Forum that took place in San Francisco Mr. Krzanich presented a new Dell tablet with Dells Mr. Michael Dell. “Weve made good […] Read more

Microsoft Corp. share price up, in advanced talks over a $2 billion acquisition of Mojang AB

September 10, 2014 9:05 am

According to people familiar with the process, the biggest software maker in the world – Microsoft Corp. is in advanced negotiations over the acquisition of Mojang AB, which is the software company that created the immensely successful Minecraft game. The people, who asked not to be identified because the talks are still private, said that […] Read more

Apple Inc. share price down, reveals new iPhone handsets, long-awaited Apple Watch and Apple Pay

September 10, 2014 8:11 am

At its Tuesday event Apple Inc. made a new product and services announcement. The company revealed two new bigger-screen iPhones, the long-awaited Apple Watch, a mobile-payment system and health applications that all work together forming the largest new line-up unveiled under the lead of the Chief Executive Officer Mr. Tim Cook. Apple revealed its long-awaited […] Read more

McDonald’s share price down, same-store sales fall most in a decade

September 9, 2014 1:47 pm

The biggest restaurant chain in the world – McDonalds Corp. revealed that its sales at stores open at least 13 months fell by 3.7% in August, as the decline in the companys home market continued for the fourth consecutive month. Analysts had expected a 3.1% sales decline. The company also said same-store sales in the […] Read more

Apple share price gains as hype builds up ahead of major event

September 9, 2014 1:03 pm

Apple Inc, the worlds most valuable company, is already reaping rewards from the yet-to-come official presentation of its latest gadgets, as investors bump up their valuation of Apples stock in pre-market and European trade. In just a few hours Apple will take central stage and keep corporate and consumer eyes locked at this pivotal event […] Read more