Stock News

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

EBay Inc.’s share price down, posts an increase in second-quarter net profit, but projects downbeat third-quarter sales

EBay Inc., which is currently the largest online marketplace, made an official statement yesterday, posting its second-quarter results. The company also presented its third-quarter sales projection that fell short of initial analysts estimates as it is trying to lure more customers after a data breach it went through and some changes implemented in the search […] Read more

General Electric Co.’s share price up, to pursue selling its appliances unit, negotiates with potential buyers

According to people with knowledge of the matter, General Electric Co. is once again starting to pursue the sale of its home appliance unit that pushed the company into household business and is responsible for producing many of everyday lifes modern conveniences such as air conditioners, refrigerators and washing machines. The people familiar with the […] Read more

Ford Motor Co.’s share price up, to launch 25 new models in Africa and the Middle East by 2016

Ford Motor Co., the second-biggest automobile manufacturer in the U.S., made an e-mailed statement, revealing that it is to introduce 25 new models in Africa and the Middle East by 2016. The company forecast that the driving age population in these regions will increase by 31% to 1.7 billion people by 2023, adding that the […] Read more

BlackRock Inc.’s share price up, posts an 11% increase in second-quarter profit due to rising assets

The largest money manager in the world – BlackRock Inc. made an official statement today, revealing that its profit over the second fiscal quarter increased by 11% as investors added more money into its funds, boosting the companys assets. Before the official announcement of the quarterly results, one of the analysts, who works at Gabelli […] Read more

Boeing Co.’s share price down, Qatar Airways to purchase 50 more 777X

Boeing Co. managed to steal spotlight at the Farnborough show, with Qatar Airways expressing commitment to double their order of 50 units of the new 777-9X aircraft. Mr. Akbar Al Baker, who is the current Chief Executive Officer of Qatar Airways revealed at the Farnborough International Air Show that the deal between the companies for […] Read more

ASML Holding NV’s share price down, posts increasing Q2 results, while FY sales forecast trails estimates

ASML Holding NV, which is currently the biggest semiconductor-equipment supplier on the territory of Europe, forecast full-year sales that trailed analysts estimates, as the company postponed the deliveries of its newest product. ASML Holding NV made an official statement today, predicting that its full-year revenue will reach about 5.6 billion euros (7.6 billion dollars), trailing […] Read more

Yahoo! Inc.’s share price down, to keep a larger stake in Alibaba after its IPO

Yahoo! Inc. has reached an agreement with its part-owned Chinese e-commerce group Alibaba, for the latter to offer fewer shares in its IPO, allowing Yahoo to keep a larger stake. The Chinese e-commerce giant had planned on selling 208 million shares, but has agreed to a 140 million target, Ken Goldman, Yahoo’s chief financial officer, […] Read more