Stock News

BP PLC share price up, moves to have oil spill claims administrator replaced

BP Plc, one of the six oil majors, filed a motion with the New Orleans District Court yesterday, in an attempt to remove the court-appointed claims administrator for the Deepwater Horizon oil spill claims, saying he is biased. According to the companys statement, Mr Patrick Juneau, Claims Administrator of the Court Supervised Settlement Program (CSSP), […] Read more

Select Income REIT share price down, to acquire Cole Corporate Income Trust in a deal estimated to $3 billion

Select Income REIT reached an agreement over the acquisition of Cole Corporate Income Trust Inc. The cash-and-stock deal is estimated to about $3 billion including the assumption of $298 of mortgage debt. The step will help the company to expand its portfolio in the US by creating an office and industrial net lease REIT. The […] Read more

Bombardier Inc share price down, Goldman sees further CSeries delays, cuts price target

Canadian train and aircraft maker Bombardier Inc is facing increasingly stronger headwinds as Goldman Sachs trimmed its price target on the company only a few days after its new CSeries jets first buyer backed out as a formal launch operator and sought changes to its delivery schedule. Goldman Sachs warned that Bombardiers biggest-ever model will […] Read more

Norwegian Cruise Line Holdings Ltd share price soars, to buy Prestige for $3bn

Norwegian Cruise Line Holdings, the worlds third-largest cruise operator, announced it has reached an agreement to acquire rival Prestige Cruises International for about $3 billion, adding eight luxury ships to its fleet and sending its share soaring. Oceania Cruises, one of two brands operated by Prestige, is the market leader in the upper-premium cruise segment, […] Read more

McDonald’s Corp. share price, to revise its food-safety strategy in China

After facing problems with a supplier in China, McDonalds Corp. is in the process of overhauling its food-safety strategy in the Asian country to recover from a blow to its reputation and sales. The fast food chains China division said in a statement, which was cited by Bloomberg: “McDonald’s expects all staff and suppliers to […] Read more

Dollar General Corp share price up, ups bid for Family Dollar, may go hostile

Dollar General Corp, the largest discount retailer in the US, went public with its latest bid to acquire its smaller rival Family Dollar, after the latter had earlier elected Dollar Trees inferior offer over Dollar Generals bid. The new deal offers Family Dollar shareholders $80 per share, 2% higher than the previous offer, 31.9% over […] Read more

Luxottica Group SpA’s share price down, CEO Guerra to step down

Luxottica Group SpA, the largest eyewear maker in the world, revealed that its Chief Executive Officer Andrea Guerra is leaving the company after a successful decade at the helm, during which the companys stock rose threefold. “I have respect for Guerra, but unfortunately our views of the company’s future diverged,” Leonardo Del Vecchio, founder and […] Read more

Goldman Sachs Group Inc. share price, loaned $835 million to Banco Espirito Santo shortly before collapse

In July 2014, Goldman Sachs Group Inc. gave a loan estimated to $835 million to Banco Espirito Santo SA, once Portugals biggest publicly-traded bank by market capitalization, just a few weeks before the units of the group sought creditor protection. The loan was given through Oak Finance Luxembourg SA a month before the Portuguese lender […] Read more

Apple Inc share price, patches iCloud service vulnerabilities, to investigate accounts breach along with the FBI

Apple Inc, which is expected to reveal its new iPhones next week, is currently investigating in collaboration with the FBI reports related to leaked photos of celebrities due to vulnerabilities in its iCloud service. The nude photos and videos of celebrities, among which is the the Oscar-winner actress Jennifer Lawrence, were posted by the hackers […] Read more

NK Rosneft’ OAO’s share price up, offers China a stake in its second-biggest oil project

NK Rosneft OAO, Russias state-owned and largest crude oil producer, is offering a stake in one of the companys biggest oil projects to China. The move comes as relations with the West sour over the crisis in Ukraine, and Moscow looks to new friends. Russian President Vladimir Putin revealed the proposed acquisition on Monday, as […] Read more