Stock News

Samsung plants shifted to Vietnam to protect margins

Samsung Electronics Co. has managed to build the largest smartphone business in the world by taking advantage of the cheap and abundant workforce in China. This, however, will not last much longer, because the company is shifting its production to Vietnam. This decision was prompted by the fact that Vietnam offers even cheaper workforce, which […] Read more

5.6 billion dollars ad revenue expected by YouTube this year

Yesterday it became clear that more than 5.6 billion dollars will be spent by some advertisers on YouTube in 2013. Companiess advertisement expenditures are expected to exceed the amount spent in 2012 by more than 50%. This considerable rise is due to the fact that most advertisers are constantly trying to reach more and more […] Read more

BWM intends to invest in a North American engine plant

Bayerische Motoren Werke AG, one of the largest manufacturers and sellers of luxury cars and motorcycle worldwide, has announced that it is considering to start building engines in North America and make steps towards expanding its vehicle production in the region. The company hopes its efforts will result in capitalizing on the growing customers demand […] Read more

Costco sales jump not high enough to reach forecast

Costco Wholesale gave investors a glimpse into how it fared in a challenging retail environment heading into the holiday season as the largest U.S. warehouse-club chain, reported fiscal first-quarter profit that trailed analysts’ estimates even as sales climbed as it offered greater discounts. Analysts were off on target, predicting Costco would step up the pace […] Read more

FirstGroup defies pressure of Sandell Asset Management

FirstGroup Plc., one of the largest transport operators in both the U.K. and North America, did not wait for a minute longer before striking back after one of its shareholders called for the company to sell its business in the U.S. Sandell Asset Management, a hedge fund with a stake estimated to about 3%, have […] Read more

The largest foreign automakers in an epic battle over the Chinese market

The largest foreign auto makers have recently started a fierce competition after three years of seizing market share from Chinese rivals. The goal of highest priority for Ford Motor Co., Volkswagen AG and Hyundai Motor Co. is to record significant market-share gains on the Chinese auto market, the largest one in the world. All three […] Read more

General Motors is back for a second chance as bailout ends

General Motors Co., or the company recently called “Government Motors” because of the huge help it received from US Government, is officially free from U.S. taxpayer ownership, signaling the domestic auto industry’s rebound from the deepest downturn since the Great Depression. Bailouts from the George W. Bush and Barack Obama administrations helped GM avoid liquidation […] Read more

Nokia offers $487 million to India’s Government for its factory transfer

Nokia Oyj is one of the largest international mobile communications companies. It operates a network of production facilities for mobile products and network infrastructure plus a network of sales and customer service, as well as research and software development facilities all over the world. The company officially announced that it is ready to invest about […] Read more

Texas Instruments Inc. expecting sales and profit in line with forecasts

Texas Instruments Inc. is known as the largest global analog and digital semiconductor IC design and manufacturing company. It also designs and manufactures semiconductor solutions for analog and digital embedded and application processing. The company is a manufacturer of chips, which are used literally in almost every digital device that may vary from space hardware […] Read more

EU commission probes online sales of Samsung and other companies

The European Union antitrust officials attacked companies such as Samsung Electronics Co., Royal Philips NV and Metro AGs Media-Saturn, because they suspected them in online-sales restrictions. These companies were believed to have “put in place restrictions on online sales of consumer-electronic products and small domestic appliances”, considering the fact that clauses such as these ones […] Read more