Category Archives: Stocks

Kraft withdraws offer to merge with Unilever

US food company Kraft Heinz  withdrew its proposal for a $US143 billion ($186 billion) merger with larger rival Unilever, the companies said on Sunday (US time), raising questions about whether Kraft could turn its focus to another target. Kraft had

This stock is up 200%, but chart points to more gains

Commodities are on a tear this year, and one technician thinks there’s more room to run for one mining giant. Freeport-McMoran has rallied nearly 22 percent this year as gold, silverand copper have climbed a respective 6, 12 and 11

After-hours buzz: P, ATVI, NVDA & more

Shares of Pandora were down 6 percent in extended trading, after the company reported a loss of 13 cents per share on revenue of $393 million. The music streaming company beat estimates on both the top and the bottom but

Under Armour CEO to Wall Street critics: ‘They bet against Tom Brady’ too

Wall Street critics should consider Under Armour’s track record of success before counting it out, CEO Kevin Plank told CNBC. “You look in my eyes and tell me: Do you believe this is the team that’s done this for 21

Saudi Oil Minister Says Aramco Reserves Audit ‘Very Reassuring’

An audit of state oil producer Saudi Aramco’s crude reserves is showing “very reassuring” results ahead of what could be the world’s biggest share sale when the company sells a stake to investors next year, the kingdom’s energy minister said.

Nokia beats market expectations, sees network market improving

By Jussi Rosendahl and Tuomas Forsell | HELSINKI Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilize.

VW, Robert Bosch agree to pay $1.55 billion to settle U.S. diesel claims

By David Shepardson | WASHINGTON Volkswagen AG (VOWG_p.DE) has agreed to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine vehicles to settle claims it fitted illegal emissions-cheating software to the cars,

Apple defies Wall Street with strong revival in iPhone sales

By Narottam Medhora and Stephen Nellis | SAN FRANCISCO Apple Inc reclaimed the throne as the world’s top smartphone seller for the first time in five years on Tuesday, beating out rival Samsung in units shipped for the holiday quarter

UPDATE 1-Brazil’s Fibria posts loss on currency, wood pulp prices

(Adds details of earnings, Horizonte 2 project) Jan 30 Brazil’s Fibria Celulose SA , the world’s largest eucalyptus pulp producer, posted a quarterly loss on Monday as weaker prices and a stronger local currency undermined its export-focused business. Fibria reported

Toshiba Asset Sales After Chips Spinoff Will Cut to the Bone

Toshiba Corp. is looking to sell more assets to repair a balance sheet facing multibillion-dollar writedowns. The conglomerate happens to have more than 600 different businesses, but raising cash from the firesale will be far from simple. While Toshiba’s two biggest enterprises