Stock News

General Motors Co share price down, expands vehicle recall due to software flaw

General Motors Co, the biggest US car manufacturer, recalled around 500 000 vehicles worldwide on Friday, the majority of which due to a software issue, bringing the total number of recalls to more than 20 million so far this year. The company announced that a software problem which affects the four-wheel drive of SUVs and […] Read more

Barclays Plc’ share price up, faces new allegations of misconduct

New York Attorney General Eric Schneiderman filed a lawsuit against Barclays Plc on June 25th, accusing the bank of misleading customers, including malicious moves and decisions by executives, the Wall Street Journal reported. Barclays was “telling investors they were diving into safe waters”, while its dark pool “was full of predators – there at Barclays’ […] Read more

NK Rosneft’ OAO’s share price down, signs a five-year oil deal with BP Plc for $1.5 billion

The biggest oil producer in Russia – NK Rosneft OAO announced today that it stroke a $1.5 billion deal with BP Plc. According to the terms of the deal, Rosneft is to supply BP with crude oil and fuel over the next five years. The Chief Executive Officer of NK Rosneft OAO – Mr. Igor […] Read more

Ranbaxy Laboratories Ltd’s share price up, gets U.S. regulatory approval for generic version of Novartis’ Diovan

Ranbaxy Laboratories Ltd rose in Mumbai trading after it managed to get the approval of the U.S. to start manufacturing a generic version of the blood pressure drug Diovan that is originally made by Novartis AG. This happens about two years after the 3.5-billion-dollar patent protection of the medicine was lost. In May, Mr. Arun […] Read more

Nike Inc.’s share price up, posts upbeat fourth-quarter profit due to increased sales in North America and Western Europe

The biggest sporting-goods manufacturer in the world – Nike Inc. – made a statement and shared its results for the fourth quarter of the financial year. The company announced that its profit over the period beat the initial analysts forecasts due to increased sales of running and basketball gear goods in North America. According to […] Read more

GoPro Inc.’s share price up, rises by 31% after getting a market value of 3.9 billion dollars at IPO

The shares of GoPro Inc., which produces wearable high-definition cameras used primarily by extreme sports enthusiasts, jumped by more than 30% yesterday, making an impressive stock-market début. Mr. Nicholas Woodman, the Chief Executive Officer of GoPro Inc., commented in a statement that was cited by Bloomberg: “Everybody of course was very curious about our media […] Read more

Alcoa Inc.’s share price up, agrees to acqure Firth Rixson Ltd for $2.85billion

Alcoa Inc., the biggest aluminium manufacturer in the U.S., made a statement revealing that it reached an agreement over the acquisition of Firth Rixson Ltd, a UK-based aerospace-components producer. The cash-and-stock deal is estimated to about 2.85 billion dollars. “This falls right into our strategy of building Alcoa out into a lightweight metals innovation powerhouse,” […] Read more

Google Inc.’s share price down, starts removing search results under EU court’s “right to be forgotten”

Mr. Al Verney, who is a spokesman of the biggest search provider in the world – Google Inc. – announced that the company has started removing some content in the European Union after it was forced by an EU court to respond to customers requests, who are seeking the “right to be forgotten” in case […] Read more

Glencore Plc’ share price down, names Patrice Merrin as the first female on the company’s board of directors

Glencore Plc made an official statement today, announcing that it appointed Ms. Partice Merrin, who previously occupied the position of Canadian mining executive, as an independent non-executive director. The Chairman of the company – Mr. Tony Hayward commented the appointment in the statement, which was cited by Bloomberg: “Patrice’s in-depth experience of operating across the […] Read more

GoPro Inc. raises 427 million dollars in IPO that prices the company at high end of analysts’ expectations

The Initial Public Offering of the manufacturer of wearable cameras used primarily by extreme sports enthusiasts – GoPro Inc. – raised a total of 427 million dollars after the companys shares were priced at the top end of marketed range. GoPro Inc. made a statement revealing that the company and its existing shareholders managed to […] Read more