Stock News

AT&T Inc.’s share price down, acquisition of DirecTV to be closely observed due to bad record of keeping merger promises

The Chief Executive Officer of AT&T Inc. – Mr. Randall Stephenson explained before the Congress that an eventual merger with DirecTV will bring more bargaining power with television programmers. Mr. Stephenson added that such a collaboration can put “downward pressure” on prices. Some analysts and politicians think there may be too much consolidation in the […] Read more

Croda International Plc’ share price down, reduces profit forecast amid strengthening pound and weaker margins

The second-biggest cosmetic ingredients supplier in the world – Croda International Plc – made a statement reducing its annual profit projection. The company said that it expects its pretax profit for the current financial year to decrease below the level posted last year. The shares of the company dropped as much as 9.5%, the largest […] Read more

KKR & Co. LP’s share price down, to acquire a wind-farm stake in Acciona SA for 567 million dollars

The private-equity firm KKR & Co. made a statement yesterday, revealing that it is to acquire a one-third stake in the renewable-energy business outside Spain of Acciona SA in a deal, which is estimated at 417 million euros (567 million dollars). The co-founder of KKR & Co. – Mr. Henry Kravis said in the statement, […] Read more

Google Inc.’s share price up, Nest Labs unit opens platform to outside developers, making homes more connected

The Nest Labs unit of Google Inc. revealed that it is implementing a program in order to encourage companies to produce a variety of services and devices that will be compatible with the digital thermostat of Nest Labs, as well as with other products developed by it. The Vice President of engineering at Googles Nest […] Read more

Woolworths Holdings Ltd’s share price up, offers to buy Solomon Lew’s stake in Country Road Ltd for A$209 million

Woolworths Holdings Ltd is to acquire the Australia-based fashion retailer Country Road Ltd by appealing to minority investors, including billionaire Solomon Lew, to sell their shares for 17 Australian dollars apiece. The news comes at a time when the company has been planning the takeover of David Jones Ltd for about 2.2 billion Australian dollars […] Read more

Wisconsin Energy Corp.’s share price down, to acquire Integrys in a 9.1-billion-dollar deal to consolidate positions

The biggest utility in the same-name state – Wisconsin Energy Corp. – is reaching for further growth through consolidation, making a 5.7-billion-dollar bid in cash and stock for Integrys Energy Group Inc. Later today it became clear that Wisconsin Energy Corp. will purchase Integrys in a 9.1-billion-dollar deal (including debt), which is considered able to […] Read more

Avon Products Inc.’s share price down, intends to cut 600 jobs as CEO McCoy is trying to trim expenses

The biggest door-to-door cosmetic seller in the world – Avon Products Inc. – made an official statement, revealing that it intends to cut 600 jobs. The announcement comes at a time when Ms. Sheri McCoy, who is the current Chief Executive Officer of the company is trying to reduce expenses in order to turn Avon […] Read more

Oracle Corp.’s share price up, to acquire Micros Systems Inc. for 5.3 billion dollars to diversify its portfolio

Oracle Corp. made an official statement today revealing that it reached an agreement to acquire Micros Systems Inc. in a deal estimated at 5.3 billion dollars. The takeover comes at a time when Mr. Larry Ellison, who is the current Chief Executive Officer of the company has been struggling to improve the slowing sales growth […] Read more

Darden Restaurants Inc.’s share price down, posts a 35% fourth-quarter profit decline amid weak sales growth

Darden Restaurants Inc., which is the owner of Red Lobster and Olive Garden chains, made an official statement, revealing that its net profit for the fourth quarter declined by 35%. The company also projected annual earnings that trailed median analysts forecasts. According to the companys statement, its quarterly net income fell from 133.2 million dollars, […] Read more

AA Ltd’s share price down, falls in first day of trading after its 2.4-billion-dollar initial public offering

The largest roadside assistance provider in the U.K. – AA Ltd declined in its first day of trading after its 1.4-billion-pound (2.4-billion-dollar) initial public offering that ended in the departure of its private-equity holders. The company used to be property of Acromas, which on the other hand is held by Charterhouse Capital Partners LLP, CVC […] Read more