Stock News

Bayerische Motoren Werke AG’s share price down, posts record car sales due to rising demand in China and the U.S.

Bayerische Motoren Werke AG made an official statement on Tuesday, revealing that it managed to sell more cars than ever before in the first half of the year, mainly because of strong demand in China. BMW Group sold 1.02 million vehicles under the brands BMW, Mini and Rolls-Royce globally, which is 6.9% more than in […] Read more

Air France KLM SA’s share price down, reduces its FY earnings projection due to overcapacity

The biggest airline in Europe – Air France KLM SA reduced its full-year earnings projection due to overcapacity on North American and Asian routes combined with poor shipment demand. The company said in its statement, which was cited by Bloomberg: “While not representing a turning point in market trends, the June traffic figures published today […] Read more

Marks and Spencer Group Plc’ share price down, posts a decline in clothing sales amid new website design

The biggest clothing retailer in the U.K. – Marks & Spencer Group Plc made an official statement today, saying that its apparel sales continued their decline over the first fiscal quarter as customers needed to adapt to the new design of the companys website. The company also explained that it finds the market conditions are […] Read more

Delta Air Lines Inc.’s share price down, reduces flights to Venezuela due to currency issues with Venezuelan government

Delta Air Lines Inc. decided to reduce the number of flights between the U.S. and Venezuela due to some difficulties related to repatriating revenue. The company made an official statement, revealing that it intends to reduce 85% of its flights to Venezuela starting August 1st. One of the spokeswomen of Delta Air Lines Inc. – […] Read more

Box Inc. raises $150 million from TPG Capital and Coatue Management LLC while awaiting an IPO

The online-storage start-up Box Inc. revealed in a regulatory filing with the U.S. Securities and Exchange Commission that it almost doubled its revenue over its most recent financial quarter. The company also managed to raise 150 million dollars from the private-equity firm TPG Capital and the hedge fund Coatue Management LLC in order to become […] Read more

Samsung Electronics Co. Ltd’s share price up, posts declining operating profit

Samsung Electronics Co., the largest mobile phone manufacturer, reported disappointing second-quarter earnings on Tuesday. A stable Korean won and fierce competition from ever higher-quality Chinese devices are said to have impacted sales the most. The company revealed that its operating profit declined by about 24% on an annual basis and reached 7.2 trillion won ($7.1 […] Read more

SABMiller Plc’ share price down, to sell a 40% stake in Tsogo Sun Holdings Ltd for $1.09 billion

SABMiller Plc, the second-largest brewer in the world, revealed that it will sell its $1.09 billion stake in casino and hotel company Tsogo Sun Holdings Ltd, in a bid to shift focus towards its core business. The company had announced in April that it is considering a variety of strategic options for its shareholding in […] Read more

Archer Daniels Midland Co.’s share price up, to acquire Wild Flavors GmbH in a 3-billion-dollar deal

Archer Daniels Midland Co. (ADM) made an official statement today, revealing that it is to purchase Wild Flavors GmbH in a deal valued at about 2.2 billion euros (3 billion dollars) cash. The acquisition is considered the largest one made by the U.S.-based company up to date. The Chairman and Chief Executive Officer of ADM […] Read more

Telefonica SA’s share price down, to acquire 22% in the pay-TV unit of DTS for full ownership

Telefonica SA, the largest phone company in Spain, made an official announcement that it reached an agreement over the acquisition of the 22% stake of Mediaset SpA in Distribuidora de Television Digital, in a bid to take full control of the pay-TV operator. The deal is estimated at 295 million euros ($401 million). Telefonica SA […] Read more

Deutsche Lufthansa AG’s share price up, strikes a preliminary agreement for cooperation with Air China Ltd

A preliminary agreement between Deutsche Lufthansa AG and Air China Ltd was officially announced today during a visit of the German Chancellor Angela Merkel to China. Both companies are members of the Star Alliance group of airlines. The step by Lufthansa and Air China is to be made in order to expand the commercial ties […] Read more