Stock News

Barnes & Noble retreats from tablet war

The book selling company said it retreats from heavy tablet war after spending hundreds of millions of dollars trying to catch up with Amazon and Apple in the market. Barnes & Noble stated their losses nearly doubled for the last period. Losses were reaching levels which hurt the companys core business of book selling. Not […] Read more

Sprint accepts Softbank sweetened offer

Companies are waiting for the approval of The Federal Communications Commission which is said to post its opinion shortly. The deal is supposed to be officially made at the first week of next month. Yesterday Sprint Nextel shareholders voted on the decision to approve $21.6 billion bid for a 78% stake of the company which […] Read more

Yahoo’s CEO Marissa Mayer criticized by Walmart employees

Walmarts critics have stated their disagreement to Marissa Mayer, the Yahoo chief executive who is one of the retailers highest profile board member. The employees gathered at the internet group’s shareholders meeting to pose some crucial questions about the work of worlds biggest retailers board. One of the participants  at the Yahoo meeting, a representative from […] Read more

US stocks open higher on positive US data

US stocks opened higher than expected as favorable data is signaling stable trend in US economy. Pullback in Treasury yields and a sharp intraday bounce in Chinese stocks was noted which helped gave investors confidence. Adding to that the durable goods data report was exceeding forecasts mainly because of aircraft and car industry. The better […] Read more

Microsoft and Oracle shake hands on cloud-computing

Microsoft Corp. is working on offering companies the ability to use Oracles database software, java programming tools and application connecting middle-wear. Customers demand is in the core of the alliance of the two rival companies. “It’s about time, and we’re really glad to have the chance to work in this much newer and more constructive […] Read more

Billabong shares jumped after refinancing talks

The Australian brand reported a share price increase of 46% today, after the company said it is in advance refinancing and asset sale talks with two US hedge funds – Altamont Capital Partners and Sycamore Partners. Shares of Billabong decreased earlier this month by half of its value after the company voiced concerns of troubling […] Read more

European stocks rebound from 5-day drop

European stocks rose, rebounding from almost whole week of losses, before reports of U.S. durable goods orders and sales of new homes for month of May. US futures also rose giving economy a hint of relieve after the substantial losses recent days. The Stoxx Europe 600 Index gained 1.13% at 9:38 a.m. in London . The […] Read more

Tablets leading mobile tech market growth

According to Gartner, the technology research company, tablet market would grow with more than 67.9% offsetting recent PC market stagnation. Smartphones would also slow their growth according to the research. Gartner noted that the shift from PCs to tablets is due to a growing acceptance of the bring your own device, trend, which increases the […] Read more

US stocks extend their losses

US stocks are taking a hit at the start of the week as interest rates rise and gold is retreating. Many investors are looking for answers of two crucial questions – Is this a overreaction to the Feds statement of reducing stimulus program or is the economy showing signs of weakening. The Dow Jones Industrial […] Read more

Rio Tinto abandons plans to sell its diamond business

Rio Tinto the Anglo-Australian mining group, has recently stated it has abandoned plans to sell its precious gems business. Alan Davies, the head of Rio’s diamonds and minerals division, said today the company had considered a number of “strategic ownership options” for the division but decided the “best path to generate maximum value” for shareholders […] Read more