Stock News

Electrolux AB share price up, posts second straight quarterly profit increase amid rising demand in Europe and the U.S.

Shares of Electrolux AB, the worlds second-biggest home-appliances maker, surged by more than 5% on Friday after the company posted a second straight increase in quarterly profit as demand in Europe and North America improved, although overall sales contracted due to market weakness in Latin America. Electrolux posted a better-than-expected second-quarter profit and maintained its […] Read more

General Electric Co.’s share price down, posts second-quarter profit that matches analysts’ forecasts, prepares Synchrony IPO

General Electric Co. made an official statement today, announcing its profit over the second quarter that matched analysts expectations. The profit was boosted by increasing industrial margins, while the company is preparing for its Synchrony Financial divisions Initial Public Offering. According to General Electrics statement, the second-quarter adjusted profit from continuing operations increased by 8% […] Read more

AbbVie Inc.’s share price down, to acquire Shire Plc for $54.8 billion, seeking lower tax rate in the U.K.

AbbVie Inc. announced that it reached an agreement over the acquisition of Shire Plc in a cash-and-stock deal valued at about 32 billion pounds (54.8 billion dollars). This is how AbbVie became the latest U.S.-based health-care company that has preferred to move its tax residence outside the U.S. The two companies made a joint statement […] Read more

Hermes International SCA’s share price down, posts slowing sales growth amid weaker yen

Hermes International SCA posted second-quarter results, revealing a slowdown in growth, though logging a sizable growth nonetheless. The companys key market in Japan saw a serious contraction with a weaker yen weighing on earnings. Hermes International SCA announced that its revenue over the second quarter increased by 5.8% from €910 million in the same period […] Read more

Microsoft Corp.’s share price up, to cut 18 000 employees as CEO Nadella seeks to restructure the company

Microsoft Corp. announced that it intends to cut as many as 18 000 job positions, in what is considered the largest round of cuts in its history. The job cuts come at a moment when the Chief Executive Officer of Microsoft – Mr. Satya Nadella is putting his efforts into incorporating Nokias handset unit and […] Read more

IBM Corp.’s share price up, posts a 2% fall in the second-quarter revenue, profit surges

International Business Machines Corp. posted a drop in revenues for the ninth consecutive quarter yesterday, though adding a massive chunk to profits. Long-term outlook was confirmed as positive, with growing focus on the companys cloud computing services. According to the report, the companys revenue over the second three months of the current fiscal year declined […] Read more

Google Inc.’s share price down, posts upbeat second-quarter sales due to increasing ad demand

Google Inc. made an official statement yesterday, posting its sales over the second financial quarter that topped analysts forecasts as the tech giant managed to sell more advertising over the period. The Chief Investment Officer of Centre Asset Management, which is one of the shareholders of Google – Mr. James Abate commented on the companys […] Read more

SAP SE’s share price up, posts upbeat second-quarter revenue boosted by online applications

The biggest manufacturer of business-management software – SAP SE made an official statement today, revealing that its revenue over the second financial quarter rose thanks to online applications. The operating profit of the company also increased. The Chief Executive Officer of SAP – Mr. McDermott said in an interview for Bloomberg TV: “We’ve never seen […] Read more

Novartis AG’s share price down, second-quarter profit on the lower end of estimates

The biggest drug manufacturer by revenue in the world – Novartis AG, posted second-quarter figures today, logging revenues and profit in line with more pessimistic forecasts. According to Novartis AGs statement, the companys profit, excluding some items, rose by 3% to reach $3.28 billion, or $1.34 per share, falling short of expected $1.37 per share. […] Read more

Time Warner Inc.’s share price surges 17%, rejects the 80-billion-dollar bid of 21st Century Fox

The U.S.-based media and entertainment giant Time Warner Inc. rejected the offer of its competitor 21st Century Fox Inc., which amounted to 80 billion dollars. If the acquisition was finalized, it would have added huge resources such as HBO, TBS, CNN, Turner and Warner Bros to the portfolio of Mr. Murdoch. The combined company would […] Read more