Stock News

HSBC Holdings PLC share price up, reports weaker first-half profit, projects increasing revenue in 2015

HSBC Holdings PLC, Europe’s biggest bank, reported declining profits for the first half of 2014 earlier today. The company highlighted the growing regulatory pressure has made its staff more “risk averse”, eroding earnings in a “risk-managing business”. Revenue for the first half was down 9% on an annual basis to $31.17 billion, while pretax profits […] Read more

KKR & Co. LP’s share price down, sweetens its bid for Treasury Wine Estates to A$3.4 billion

KKR & Co. and Rhone Capital LLC increased their bid for Treasury Wine Estates (TWE) Ltd by 11% to 3.4 billion Australian dollars (3.2 billion dollars). TWE, which is the worlds second-largest listed winemaker, rejected the previous offer of the two American US equity private funds. Treasury Wine Estates Ltd made an official statement today, […] Read more

Banco Espirito Santo SA split into “good” and “bad” banks amid a 4.9-billion-euro bailout

The central bank of Portugal was reported to have taken control of Banco Espirito Santo SA, which used to be the biggest bank by market value in the country. Banco Espirito Santo SA has been divided into “good” and “bad” banks as part of a bailout that will cost 4.9 billion euros (6.6 billion dollars). […] Read more

Daimler AG’s share price down, to reduce prices of spare parts in China after allegations

Daimler AG announced that it intends to reduce the prices of spare parts of its Mercedes-Benz vehicles in China by about 15% next month, as a government investigation is under way in China, over allegedly manipulated prices by foreign auto manufacturers. Daimler AG made an official e-mailed statement and explained that the price reductions are […] Read more

LSE: UK shares plunge the most since early July, mining companies retreat on weak manufacturing data

Shares in the United Kingdom marked the most considerable daily loss since early July on Friday, as a number of commodity-producing companies dropped, following a downbeat manufacturing data released out of China. The FTSE 100 Index fell 0.76%, or 50.93 points, to close at 6,679.18 in London. This has been the largest daily loss since […] Read more

Procter & Gamble Co. share price up, to discontinue up to 100 brands

Procter & Gamble Co., the worlds largest consumer-products company, announced it is going to let go of at least half its brands, in a bid to improve profitability by focusing on its core, better-selling brands. “We’re going to create a faster-growing, more profitable company that is far simpler to manage and operate,” Chief Executive A.G. […] Read more

Fiat SpA trims share price decline, Chrysler US sales surge 20%, posts best July since 2005

Chrysler Group LLC, wholly owned by Fiat SpA, reported on Friday that its US sales surged by 20% in July from a year earlier as its Jeep brand posted a whopping 41% surge in sales, compared to the companys projections of an 8% average growth for the industry. Although analysts had expected a 25.5% jump […] Read more

Sharp Corp share price down, logs climbing revenue, expects soaring sales in China

Sharp Corp, Japans largest LCD screen manufacturer, reported earnings today, revealing an increase in both revenue and operating profit, and trimming quarterly net losses. The Osaka-based company still expects a sizable profit through years end, on the back of booming sales to Chinese manufacturers. Revenue for the three months through June 30 was ¥619.7 billion […] Read more

LinkedIn Corp share price up, posts better-than-expected second-quarter results, sees upbeat third-quarter sales

LinkedIns shares surged more than 7% in extended trading in New York on Thursday as the professional social network announced growth picked up in the three months through June after five quarters of slowing sales and predicted better-than-expected performance in the third quarter. The company announced on Thursday that Chief Executive Officer Jeff Weiners measures […] Read more