Stock News

General Electric forecasts sales and revenue growth for 2014

General Electric Co. is one of the leading technology and financial services companies worldwide, which develop and manufacture products for the generation, transmission, distribution, control and utilization of electricity. On Wednesday the company announced to its investors that it expects it next years revenue growth to increase, as the economy of the U.S. is becoming […] Read more

Apple’s CEO picks Mac Pro to lead a “Made in USA” push

Today Apples new Mac Pro personal computer sell-off is starting. The computer is being manufactured in Texas using components that have been produced in the country, as a part of the 100-million-dollar “Made-in-the-USA” plan of the companys Chief Executive Officer Tim Cook. Yesterday Mr. Cook wrote in Twitter: “We have begun manufacturing the Mac Pro […] Read more

Oracle Corp. tops forecasts for its latest quarter

On Wednesday Oracle Corp., the enterprise software and computer hardware producer, managed to put an end to its run of disappointing quarterly earnings. The company announced that its quarterly revenues and profit had exceeded the Wall Street Journal analysts forecasts for the latest quarter. This result is due to hardware sales losses reduction, which proved […] Read more

US stocks surge on $10 billion Fed tapering

U.S. stocks gained, sending benchmark indexes to all-time highs, after the Federal Reserve said it will reduce the pace of its monthly bond purchases mainly due to expressed confidence in the labor market recovery. The Standard & Poor’s 500 Index advanced 1.7% to 1,810.65 at 4 p.m. in New York, surpassing its previous record close […] Read more

FedEx profit rises 14%, still lower than expected

FedEx Corp. is one of the largest global shipping companies, and provides a portfolio of transportation, e-commerce and business services through its subsidiaries. The fiscal second-quarter of FedEx Corp. is reported to rose 14%, although it missed the analysts market estimates. The ground shipping revenue rose, but its express-shipping one decreased right in the critical […] Read more

Sony considers the sale of Gracenote’s audio-recognition service

The Qatalyst Partners of Frank Quattrone were hired by Sony Corp., which is looking to shed units in order to focus on fewer products. People, who are familiar with the matter said that Qatalyst is supposed to explore a sale of Sonys Gracenote audio-recognition software business. The annual revenue of the unit, which is now […] Read more

HTC hands global sales duties to CFO to stop revenue’s drop

Global sales were added to the duties of HTC Corp.s Chief Financial Officer Chang Chialin. Mr. Chang will be put in charge of two key functions of HTC, which is due to the fact that the Taiwan-based smartphone manufacturer is trying to stop the last two years trend of declining revenue and market share of […] Read more

Roche discounts shares on Novartis stake sell-off bet

The speculations that Novartis AG will sell its 14.1-billion-dollar stake into the market has increased thanks to the Roche Holding AG voting shares discount. Bloomberg reported that one of the analysts working for Louis Capital Markets – Ben Kelly – said that Roches voting shares have been pushed to the lowest price compared to its […] Read more

US stocks close lower before Fed’s tapering decision

Stocks fell as investors awaited a statement from the Federal Reserve on whether to continue its efforts to support the U.S. economy. The S&P 500 declined 0.3% to 1,781 at 4 p.m. in New York. The Dow Jones Industrial Average lost 9.31 points, or 0.1%, to 15,875.26. About 6 billion shares changed hands on U.S. […] Read more

Boeing conducts share repurchases for 10 billion dollars

On Monday, the board of Boeing Co.s raised the company dividend about 50%. The board also approved 10 billion dollars in a new share buyback authority, announcing that the company would use it in the next two or three years. The repurchase of the shares is estimated at about 10% of the companys stock and […] Read more