Stock News

UK shares retreat after Washington’s authorization of air strikes in Iraq

Shares in the United Kingdom marked a third successive session of losses on Friday, as US President Barack Obama authorized the use of force against militants in Iraq. The FTSE 100 Index lost 0.45% on a daily basis, or 30.01 points, to close at 6,567.36 in London, which has been the lowest closing level since […] Read more

General Motors Co share price up, recalls 312 280 cars, receives more than 120 claims related to ignition defects

General Motors Co, the biggest US car manufacturer, announced on Friday that it is pulling back another 312 280 vehicles, most of which due to ignition switch problems, adding to this years record-breaking recalls of almost 29 million cars. Meanwhile, GMs compensation program was reported to have received around 130 claims during its first eight […] Read more

Softbank Corp.’s share price down, posts a 68% decline in first-quarter profit as subscriber growth slows

SoftBank Corp., posted today a 68% drop in its first-quarter profit, after booking a 63 billion yen loss from its stake in Alibaba Group Holding Ltd. and as subscriber growth slowed over the period. According to the announcement made by SoftBank Corp., the companys net income over the first three months ended June declined to […] Read more

Amazon.com Inc.’s share price down, to build a long-term strategy with its $2 billion investment in India

The head of the India-based unit of Amazon.com Inc. – Mr. Amit Agarwal shared that the $2-billion bet of the company on the relatively small e-commerce market of the country is about being ready when the market takes off. Mr. Agarwal said in an interview for the Wall Street Journal that the e-commerce market in […] Read more

Bayerische Motoren Werke AG’s share price down, to reduce spare parts’ prices in China amid antitrust probe

Bayerische Motoren Werke AG (BMW) is to become the latest luxury carmaker to reduce prices of spare parts in China. The decision of the company places it among other auto makers such as the Audi brand of Volkswagen AG and the Mercedes-Benz brand of Daimler AG, which have also decided to reduce prices in the […] Read more

Allianz SE’s share price up, posts rising Q2 profit

Shares of Allianz SE, Europes biggest insurer, climbed today, as the company posted Q2 results, revealing an 11% increase in profit, with higher earnings of its life and health insurance operations and lower expenses for natural disaster-related damages. According to the Allianz SEs statement, the companys profit over the second profit increased by 11%. Allanz […] Read more

Deutsche Telekom AG’s share price down, rejects Iliad’s $15-billion bid for T-Mobile US, awaits an acceptable offer

Deutsche Telekom AG announced that it has decided to reject the $15-billion takeover bid of the French carrier Iliad SA for its stake in T-Mobile US. The Germany-based company also said that its second-quarter profit jumped by more than a third due to the companys aggressive strategy, which is trying to expand its customer base […] Read more

Metro AG’s share price down, to sell its Vietnam-based stores in a €655-million deal

Metro AG revealed that it has decided to sell 19 of its stores located in Vietnam to the Thai distributor Berli Jucker. The company, which is based in Germany, is withdrawing from the country as part of its strategy to sharpen its focus and invest in improving its performance in other regions. Metro AG is […] Read more

Adidas AG’s share price down, cuts its 2014 profitability forecast due to weak second-quarter results

Adidas AG, the worlds second-largest sports gear manufacturer, made an official statement that it will launch a massive marketing campaign in order to stop market share losses as decreasing golf equipment demand and an increase in production costs prompted the company to reduce its 2014 profitability forecast. Mr. Herbert Hainer, who is the Chief Executive […] Read more

Rio Tinto Plc’ share price up, posts a 21% H1 profit increase

Shares of Rio Tinto Plc, the second-biggest mining company in the world, climbed as much as 3% after the company posted H1 earnings today, to reveal its profit increased by 21%. Rio Tinto also kept its plan to reduce its capital expenditure to as little as $8 billion by 2015. According to the statement of […] Read more