Stock News

Serco Group Plc’ share price down, loses the contract to run Docklands Light Railway while warning on eventual write-downs

Serco Group Plc has lost the contract to run the Docklands Light Railway in London. This has been the second misfortune and disappointment for the U.K.-based company recently. The automated metro system has been both run and maintained by Serco since 1997 and has attempted to keep the mandate until 2012. The 700-million-pound franchise was […] Read more

Tata Motors Ltd’s share price down, investors reject a compensation package for late head Karl Slym

The shareholders of the largest Indian car manufacturer by revenue Tata Motors Ltd rejected a pay proposal for three of the companys senior executives, including a compensation package for the companys late India chief Mr. Karl Slym. According to companys investors, Mr. Slyms family may have to give back most of the 152.5 million rupees […] Read more

Daimler AG’s share price down, introduces self-driving truck

Daimler AG, the leader in the commercial-vehicle industry, is planning to launch self-driving trucks that can steer, brake and accelerate independently as early as 2025. The decision is part of the companys efforts to get ahead of its rivals by presenting innovative solutions. “We aim to be the No. 1 manufacturer in this market of […] Read more

Barclays Plc’ share price up, teaches employees compliance in a bid to restore reputation after allegations

Barclays Plc made an official statement revealing its intent to open a Compliance Career Academy with Cambridge University’s Judge Business School in order to teach its employees compliance. The U.K.-based lender plans to provide its employees all over the world with technical and behavioral training, while also offering compliance courses to employees of other companies. […] Read more

General Motors Co. share price flat, ceases production at South African plant due to worker strike, recalls 27 000 Spark cars in South Korea

General Motors Co. was forced to halt output at its vehicle-assembly plant in South Africa following failed negotiations over wages after more than 220 000 metalworkers announced an indefinite strike. The walk-out started on July 1st, but today the Steel and Engineering Industries Federation of Southern Africa revealed in an e-mailed announcement that the National […] Read more

Google Inc. share price up, implementation of the “right to be forgotten” raises questions and confusion

The decision of Google Inc. to remove part of the search results for a 7-year-old article of British Broadcasting Corp. about the ex-Chief Executive Officer of Merrill Lynch & Co. – Mr. Stan ONeal- has been criticized by the U.K. company. The criticism has also raised questions related to the new “right to be forgotten” […] Read more

Facebook Inc.’s share price down, to acquire LiveRail in an attempt to add video-advertising tools to its services

Facebook Inc. announced in a blog post that it reached an agreement over the acquisition of the start-up LiveRail, which helps in providing businesses with more relevant video advertisements. The deal is the first step of the social network to start serving video promotions on the Web beyond its own standard services. Facebook Inc. wrote […] Read more

Anheuser-Busch InBev SA’s share price up, to acquire Pivovar Samson putting an end to the brand rights battle with Budwar

The biggest beer manufacturer in the world – Anheuser-Busch InBev SA made an official statement, revealing it acquired Pivovar Samson a.s. and is also considering to expand its Budweiser brand. The acquisition of Pivovar Samson puts an end to the competition between Anheuser-Busch InBev SA that were struggling over brand rights for more than one […] Read more

Pimco Total Return Fund suffers 14 straight months of withdrawals

Pimco Total Return Fund, the biggest fixed-income mutual fund in the world, suffered from investor withdrawals for the fourteenth straight month in June 2014. Assets dropped by 4.5 billion dollars, despite Pimco posting a better performance over the second fiscal quarter than many of its competitors. “Patient investors are rewarded over the long-term by sticking […] Read more

Amazon.com Inc.’s share price up, ready to oppose the FTC over mobile application purchases

Amazon.com Inc. said that it is prepared to oppose to the Federal Trade Commission if it files a lawsuit over claims that the company did not get customer approval over its policies on parental control and purchases made by children on several smartphone applications. The Federal Trade Commission was permitted to file a lawsuit against […] Read more