BOONE, Iowa, Aug 31 (Reuters) - Monsanto Co's digital
agriculture platform should begin generating revenue for the
seed and chemical company by 2020 as paid subscriptions for
data-driven farm...
Read more
Wednesday, August 31, 2016
DEERE & COMPANY \TO CONTEST LEGAL ACTION ANNOUNCED BY U.S. DEPARTMENT OF JUSTICE TO BLOCK DEERE'S ACQUISITION OF PRECISION PLANTING
DEERE & COMPANY \TO CONTEST LEGAL ACTION ANNOUNCED BY U.S.
DEPARTMENT OF JUSTICE TO BLOCK DEERE'S ACQUISITION OF PRECISION
PLANTING
Read more
DEPARTMENT OF JUSTICE TO BLOCK DEERE'S ACQUISITION OF PRECISION
PLANTING
Read more
UPDATE 1-U.S. sues to stop Deere from buying Precision Planting
WASHINGTON, Aug 31 (Reuters) - The U.S. Justice Department
said on Wednesday it has filed a lawsuit to stop Deere & Co
from buying Monsanto's Precision Planting farm
equipment business.
Read more
said on Wednesday it has filed a lawsuit to stop Deere & Co
from buying Monsanto's Precision Planting farm
equipment business.
Read more
Polymetal pushes housebuilder Berkeley out of UK's FTSE 100
LONDON, Aug 31 (Reuters) - Housebuilder Berkeley Group
has lost its place in the coveted, blue-chip FTSE 100
equity index following a sharp drop in its stock price
partly caused by Britain's vote...
Read more
has lost its place in the coveted, blue-chip FTSE 100
equity index following a sharp drop in its stock price
partly caused by Britain's vote...
Read more
S.Korea's Hanjin Shipping files for court receivership -MoneyToday
SEOUL, Aug 31 (Reuters) - South Korea's Hanjin Shipping Co
Ltd has formally filed for court receivership on
Wednesday, news service MoneyToday reported.
Read more
Ltd has formally filed for court receivership on
Wednesday, news service MoneyToday reported.
Read more
UPDATE 1-Amid power tussle, Hong Kong fund lifts its stake in China Vanke
* Evergrande has built up stake in Vanke but not said why
(Recasts and adds report that fund is close to Evergrande)
Read more
(Recasts and adds report that fund is close to Evergrande)
Read more
Tuesday, August 30, 2016
UPDATE 1-Palo Alto forecasts revenue below estimates, shares drop
Aug 30 (Reuters) - Cyber security firm Palo Alto Networks
Inc forecast current-quarter revenue and profit below
analysts' estimates, sending its shares down 3 percent in
extended trading on Tuesday.
Read more
Inc forecast current-quarter revenue and profit below
analysts' estimates, sending its shares down 3 percent in
extended trading on Tuesday.
Read more
UPDATE 6-Potash Corp, Agrium talk merger; competition scrutiny expected
WINNIPEG, Manitoba/WASHINGTON, Aug 30 (Reuters) - Canada's
Agrium Inc and Potash Corp of Saskatchewan Inc
said on Tuesday they are in talks to merge, a deal that would
create a fertilizer and farm...
Read more
Agrium Inc and Potash Corp of Saskatchewan Inc
said on Tuesday they are in talks to merge, a deal that would
create a fertilizer and farm...
Read more
Agrium, Potash Corp in merger talks- Bloomberg
Aug 30 (Reuters) - Canadian fertilizer companies Agrium Inc
and Potash Corp of Saskatchewan Inc are in
talks to merge, Bloomberg reported, citing people familiar with
the matter.
Read more
and Potash Corp of Saskatchewan Inc are in
talks to merge, Bloomberg reported, citing people familiar with
the matter.
Read more
UPDATE 1-Rigel's bleeding disorder drug clears first of two key trials
Aug 30 (Reuters) - Rigel Pharmaceuticals Inc said
its experimental drug to treat a bleeding disorder met its main
goal in the first of two late-stage trials, sending its shares
up 12 pct in...
Read more
its experimental drug to treat a bleeding disorder met its main
goal in the first of two late-stage trials, sending its shares
up 12 pct in...
Read more
Abercrombie & Fitch sales fall for 14th straight quarter
Aug 30 (Reuters) - Teen apparel retailer Abercrombie & Fitch
Co's sales dropped for the 14th straight quarter, hurt
by lower traffic at its namesake stores.
Read more
Co's sales dropped for the 14th straight quarter, hurt
by lower traffic at its namesake stores.
Read more
UPDATE 1-Abercrombie & Fitch sales fall for 14th straight quarter
Aug 30 (Reuters) - Teen apparel retailer Abercrombie & Fitch
Co's sales dropped for the 14th straight quarter, hurt
by lower traffic, including from tourists, at its flagship
stores.
Read more
Co's sales dropped for the 14th straight quarter, hurt
by lower traffic, including from tourists, at its flagship
stores.
Read more
Carmat jumps after first implantation of its bioprosthetic artificial heart
PARIS, Aug 30 (Reuters) - Carmat's shares jumped
on Tuesday after the French company announced the first
implantation of its bioprosthetic artificial heart in a
final-stage clinical trial.
Read more
on Tuesday after the French company announced the first
implantation of its bioprosthetic artificial heart in a
final-stage clinical trial.
Read more
S.Korea's KDB says Hanjin Shipping's creditors to end support for firm
SEOUL, Aug 30 (Reuters) - Creditor banks of Hanjin Shipping
Co Ltd have decided to halt financial support for
the company as of Sept. 4, lead creditor bank Korea Development
Bank (KDB) said on...
Read more
Co Ltd have decided to halt financial support for
the company as of Sept. 4, lead creditor bank Korea Development
Bank (KDB) said on...
Read more
S.Korea regulator rules out Hanjin-Hyundai Merchant Marine merger -Yonhap
SEOUL, Aug 30 (Reuters) - A merger of troubled South Korean
shipper Hanjin Shipping Co Ltd and Hyundai Merchant
Marine Co Ltd is impossible at present, Yonhap news
agency on Tuesday quoted the head...
Read more
shipper Hanjin Shipping Co Ltd and Hyundai Merchant
Marine Co Ltd is impossible at present, Yonhap news
agency on Tuesday quoted the head...
Read more
Monday, August 29, 2016
UPDATE 3-Mondelez abandons pursuit of U.S. chocolate maker Hershey
Aug 29 (Reuters) - Mondelez International Inc, the
maker of Oreo cookies and Cadbury chocolates, said it was no
longer pursuing the acquisition of Hershey Co, two
months after the U.S. chocolate...
Read more
maker of Oreo cookies and Cadbury chocolates, said it was no
longer pursuing the acquisition of Hershey Co, two
months after the U.S. chocolate...
Read more
CORRECTED-UPDATE 1-Oreo cookie maker Mondelez abandons bid for Hershey
Aug 29 (Reuters) - Mondelez International Inc said
it was "no longer pursuing" the acquisition of Hershey Co
, a month after the Pennsylvania Attorney General's
office unveiled the terms of a reform...
Read more
it was "no longer pursuing" the acquisition of Hershey Co
, a month after the Pennsylvania Attorney General's
office unveiled the terms of a reform...
Read more
Valeant is sued over Philidor ties, alleged racketeering
NEW YORK, Aug 29 (Reuters) - Valeant Pharmaceuticals
International Inc was sued on Monday by buyers
of its drugs, who claimed they were forced to pay exorbitant
prices stemming from the Canadian...
Read more
International Inc was sued on Monday by buyers
of its drugs, who claimed they were forced to pay exorbitant
prices stemming from the Canadian...
Read more
UPDATE 1-Valeant is sued over Philidor ties, alleged racketeering
NEW YORK, Aug 29 (Reuters) - Valeant Pharmaceuticals
International Inc was sued on Monday by buyers
of its drugs, who accused the Canadian company of racketeering
by forcing them to pay exorbitant...
Read more
International Inc was sued on Monday by buyers
of its drugs, who accused the Canadian company of racketeering
by forcing them to pay exorbitant...
Read more
UPDATE 1-Caesars shares plummet as it faces $11 bln in bondholder lawsuits
CHICAGO, Aug 29 (Reuters) - Shares in Caesars Entertainment
Corp shed 16 percent on Monday after a U.S. judge
cleared the way for billions of dollars in bondholder lawsuits
against the casino group...
Read more
Corp shed 16 percent on Monday after a U.S. judge
cleared the way for billions of dollars in bondholder lawsuits
against the casino group...
Read more
Caesars shares plummet as it faces $11 bln in lawsuits
CHICAGO, Aug 29 (Reuters) - Shares in Caesars Entertainment
Corp shed 16 percent on Monday after a U.S. judge
cleared the way for $11.4 billion in lawsuits against the casino
group, which Caesars had...
Read more
Corp shed 16 percent on Monday after a U.S. judge
cleared the way for $11.4 billion in lawsuits against the casino
group, which Caesars had...
Read more
UPDATE 3-Mylan to launch generic EpiPen at half the price of original
* Shares flat; stock dropped 12 pct last week
(Adds analyst comment, updates shares to open)
Read more
(Adds analyst comment, updates shares to open)
Read more
Shares in Kenya's two biggest banks fall for third session after rate caps
NAIROBI, Aug 29 (Reuters) - Shares in KCB Group,,
Kenya's biggest bank by assets, and Equity Bank, the
biggest in terms of number of customers, fell sharply on Monday
for a third consecutive session...
Read more
Kenya's biggest bank by assets, and Equity Bank, the
biggest in terms of number of customers, fell sharply on Monday
for a third consecutive session...
Read more
UPDATE 2-Caesars must face $11 billion in lawsuits - U.S. judge
CHICAGO, Aug 26 (Reuters) - Caesars Entertainment Corp
must face lawsuits from bondholders seeking some $11
billion in claims, a U.S. judge ruled on Friday in a decision
the casino company had...
Read more
must face lawsuits from bondholders seeking some $11
billion in claims, a U.S. judge ruled on Friday in a decision
the casino company had...
Read more
Saturday, August 27, 2016
UPDATE 3-St. Jude says report by short sellers 'false and misleading'
Aug 26 (Reuters) - Medical device manufacturer St. Jude
Medical Inc said on Friday a report by short-selling
firm Muddy Waters and a cyber-security researcher alleging its
heart devices were riddled...
Read more
Medical Inc said on Friday a report by short-selling
firm Muddy Waters and a cyber-security researcher alleging its
heart devices were riddled...
Read more
Friday, August 26, 2016
BUZZ-Restaurant Group: rallies on H1 beat
** Restaurant Group, operator of Frankie and Benny's
chain, +2.8%, 3rd top FTSE midcap gainer after H1 beat
expectations & co keeps FY guidance following turbulent few
months of trading
Read more
chain, +2.8%, 3rd top FTSE midcap gainer after H1 beat
expectations & co keeps FY guidance following turbulent few
months of trading
Read more
BUZZ-Marshalls: breaks past pre-Brexit levels on better H1 margins
** Shares in landscaping materials company +3.5%,
trades higher than pre-Brexit levels for the first time since
the EU referendum vote
Read more
trades higher than pre-Brexit levels for the first time since
the EU referendum vote
Read more
Thursday, August 25, 2016
UPDATE 4-St Jude stock shorted on heart device hacking fears; shares drop
Aug 25 (Reuters) - The stock of pacemaker manufacturer St.
Jude Medical Inc fell sharply on Thursday after
short-selling firm Muddy Waters said it had placed a bet that
the shares would fall,...
Read more
Jude Medical Inc fell sharply on Thursday after
short-selling firm Muddy Waters said it had placed a bet that
the shares would fall,...
Read more
UPDATE 2-Mylan offers discounts on EpiPen after Clinton criticism
Aug 25 (Reuters) - Mylan NV said on Thursday it
would reduce the out-of-pocket cost of its severe allergy
treatment EpiPen through a discount program, a day after
Democratic Presidential candidate...
Read more
would reduce the out-of-pocket cost of its severe allergy
treatment EpiPen through a discount program, a day after
Democratic Presidential candidate...
Read more
UPDATE 2-Luxury jeweler Tiffany posts surprise rise in quarterly profit
Aug 25 (Reuters) - Upscale jeweler Tiffany & Co
reported an unexpected rise in second-quarter profit as margins
got a boost from lower product input costs, changes in product
sales mix and price...
Read more
reported an unexpected rise in second-quarter profit as margins
got a boost from lower product input costs, changes in product
sales mix and price...
Read more
UPDATE 1-Owner of Germany's GfK eyes merger or sale - WirtschaftsWoche
* Shares in GfK jump 8.4 percent
(Adds GfK declines to comment, share price after market open,
background on GfK Verein)
Read more
(Adds GfK declines to comment, share price after market open,
background on GfK Verein)
Read more
South African retailer Woolworths reports 8.9 pct rise in FY profit
JOHANNESBURG, Aug 25 (Reuters) - South African retailer
Woolworths Holdings reported an 8.9 percent rise in
full-year profit as its food sales gained more market share
despite a weak economy its home...
Read more
Woolworths Holdings reported an 8.9 percent rise in
full-year profit as its food sales gained more market share
despite a weak economy its home...
Read more
BRIEF-Shares in Playtech open 3.3 pct up after co announces special dividend
* Shares in Playtech open 3.3 percent up after co says it
would return 150 million euros to shareholders via a special
dividend
Further company coverage:
(Bengaluru Newsroom: +91 80 6749 1136)
Read more
would return 150 million euros to shareholders via a special
dividend
Further company coverage:
(Bengaluru Newsroom: +91 80 6749 1136)
Read more
Wednesday, August 24, 2016
Britain's FTSE underperforms European peers, miners hinder
LONDON, Aug 24 (Reuters) - Britain's blue-chip share index
retreated on Wednesday, underperforming its European peers, as a
sharp drop in metals prices put pressure on the mining sector
and South...
Read more
retreated on Wednesday, underperforming its European peers, as a
sharp drop in metals prices put pressure on the mining sector
and South...
Read more
UPDATE 1-Pharmacy manager PharMerica explores possible sale -sources
Aug 24 (Reuters) - PharMerica Corp, a U.S. pharmacy
manager for long-term care facilities, is exploring strategic
alternatives including a potential sale, according to people
familiar with the matter.
Read more
manager for long-term care facilities, is exploring strategic
alternatives including a potential sale, according to people
familiar with the matter.
Read more
Express Inc's shares tumble as results miss amid apparel cheer
Aug 24 (Reuters) - Express Inc lost more than a
quarter of its market value on Wednesday as its
lower-than-expected results belied a recent uptick in apparel
sales that has helped most retailers.
Read more
quarter of its market value on Wednesday as its
lower-than-expected results belied a recent uptick in apparel
sales that has helped most retailers.
Read more
UPDATE 2-Performance Sports ex-chairman may bid for hockey-gear maker
TORONTO/NEW YORK, Aug 24 (Reuters) - The former chairman of
Performance Sports Group Ltd, Graeme Roustan, told
Reuters he has hired investment banks Jefferies Group LLC and
Canaccord Genuity to...
Read more
Performance Sports Group Ltd, Graeme Roustan, told
Reuters he has hired investment banks Jefferies Group LLC and
Canaccord Genuity to...
Read more
UPDATE 2-Sweden's SCA to split into hygiene, forestry firms
* Analysts see potential deal for forestry arm with Holmen
(Adds detail, background, shares)
Read more
(Adds detail, background, shares)
Read more
REFILE-Britain's FTSE underperforms, hindered by Glencore
LONDON, Aug 24 (Reuters) - Britain's top share index fell on
Wednesday, underperforming European peers as it was knocked by a
drop in commodity firm Glencore after it reported a fall in
earnings and...
Read more
Wednesday, underperforming European peers as it was knocked by a
drop in commodity firm Glencore after it reported a fall in
earnings and...
Read more
Tuesday, August 23, 2016
UPDATE 4-Best Buy profit beats estimates; shares surge
Aug 23 (Reuters) - Best Buy Co Inc reported a much
higher-than-expected quarterly profit on strength in health and
wearable items like smartwatches, and the largest U.S.
electronics retailer raised...
Read more
higher-than-expected quarterly profit on strength in health and
wearable items like smartwatches, and the largest U.S.
electronics retailer raised...
Read more
UPDATE 1-Mobileye, Delphi aim to release self-driving system in 2019
Aug 23 (Reuters) - A new technology partnership between top
auto suppliers Mobileye NV and Delphi Automotive Plc
could pull ahead production of self-driving cars to
late 2019, executives of both...
Read more
auto suppliers Mobileye NV and Delphi Automotive Plc
could pull ahead production of self-driving cars to
late 2019, executives of both...
Read more
Britain's FTSE buoyed by resilient Persimmon
LONDON, Aug 23 (Reuters) - Britain's leading share index
rose on Tuesday, helped by a rise in housebuilders after strong
results from Persimmon suggested that the sector was
coping with the...
Read more
rose on Tuesday, helped by a rise in housebuilders after strong
results from Persimmon suggested that the sector was
coping with the...
Read more
Monday, August 22, 2016
UPDATE 3-Pfizer boosts cancer drug roster with $14 bln Medivation deal
Aug 22 (Reuters) - Pfizer Inc, beating out numerous
other bidders, said it would buy U.S. cancer drug company
Medivation Inc for $14 billion in cash, adding its
blockbuster prostate cancer drug...
Read more
other bidders, said it would buy U.S. cancer drug company
Medivation Inc for $14 billion in cash, adding its
blockbuster prostate cancer drug...
Read more
Pakistan shares close lower; rupee weaker, o/n rates rise
KARACHI, Aug 22 (Reuters) - Pakistan shares closed lower on
Monday as investors took a cautious stance after outflow of
foreign portfolio investment in the last session, dealers said.
Read more
Monday as investors took a cautious stance after outflow of
foreign portfolio investment in the last session, dealers said.
Read more
Weaker commodity-related stocks push FTSE to 2-week low
LONDON, Aug 22 (Reuters) - Britain's top share index slipped
to its lowest level in nearly two weeks on Monday, with
commodity-related stocks leading the market lower following a
drop in metals and...
Read more
to its lowest level in nearly two weeks on Monday, with
commodity-related stocks leading the market lower following a
drop in metals and...
Read more
Britain's FTSE edges up as housebuilders rise, miners lag
LONDON, Aug 22 (Reuters) - British shares edged higher on
Monday, led by a rise in housebuilding stocks, with gains capped
by a fall in the mining sector.
Read more
Monday, led by a rise in housebuilding stocks, with gains capped
by a fall in the mining sector.
Read more
Hong Kong shares of China Vanke rise over 2 pct after H1 profit jump
HONG KONG, Aug 22 (Reuters) - China Vanke's Hong
Kong shares rose over 2 percent in early trading on Monday after
China's biggest home builder said first-half profit rose 10
percent, even though...
Read more
Kong shares rose over 2 percent in early trading on Monday after
China's biggest home builder said first-half profit rose 10
percent, even though...
Read more
Friday, August 19, 2016
Britain's FTSE 100 posts worst weekly loss since mid-June
LONDON, Aug 19 (Reuters) - Britain's top shares index fell
on Friday to post its worst weekly drop since mid-June as its
earlier rally up to 14-month highs stalled, with mining stocks
hit by weaker...
Read more
on Friday to post its worst weekly drop since mid-June as its
earlier rally up to 14-month highs stalled, with mining stocks
hit by weaker...
Read more
UPDATE 2-U.S. private prison shares rebound as fears of industry's demise ebb
Aug 19 (Reuters) - Shares of publicly-traded U.S. prison
operators rebounded on Friday as investors bet that an Obama
administration decision to phase out the use of some private
corrections...
Read more
operators rebounded on Friday as investors bet that an Obama
administration decision to phase out the use of some private
corrections...
Read more
Pakistan shares close lower; rupee steady, o/n rates rise
KARACHI, Aug 19 (Reuters) - Pakistan shares closed lower on
Friday, as cement and fertilizer stocks fell on reports the
government had cut the price of urea and on market talk that it
had abolished...
Read more
Friday, as cement and fertilizer stocks fell on reports the
government had cut the price of urea and on market talk that it
had abolished...
Read more
Britain's FTSE edges towards biggest weekly loss since June
LONDON, Aug 19 (Reuters) - Britain's top share index edged
lower on Friday and was set for its biggest weekly drop since
June as a strong rally to 14-month highs stalled.
Read more
lower on Friday and was set for its biggest weekly drop since
June as a strong rally to 14-month highs stalled.
Read more
DoJ decision on private prisons not "death sentence" - analysts
Aug 19 (Reuters) - Shares of private prison operators Geo
Group Inc and Corrections Corp of America rose
in premarket trading on Friday, a day after losing more than a
third of their market value...
Read more
Group Inc and Corrections Corp of America rose
in premarket trading on Friday, a day after losing more than a
third of their market value...
Read more
Thursday, August 18, 2016
UPDATE 1-Applied Materials forecast beats, powered by chip demand
Aug 18 (Reuters) - Applied Materials Inc, the
world's largest supplier of tools used to make semiconductors,
forecast current-quarter profit far above analysts' estimates as
it benefits from higher...
Read more
world's largest supplier of tools used to make semiconductors,
forecast current-quarter profit far above analysts' estimates as
it benefits from higher...
Read more
Apparel retailer Gap's adjusted profit beats estimates
Aug 18 (Reuters) - Apparel retailer Gap Inc reported
a better-than-expected adjusted quarterly profit largely due to
higher customer visits to its Old Navy stores in June.
Read more
a better-than-expected adjusted quarterly profit largely due to
higher customer visits to its Old Navy stores in June.
Read more
Valeant amends credit facility for second time in six months
Aug 18 (Reuters) - Valeant Pharmaceuticals International Inc
said its lenders had approved an amendment to
its credit facility, giving the drugmaker more flexibility to
sell assets and repay loans...
Read more
said its lenders had approved an amendment to
its credit facility, giving the drugmaker more flexibility to
sell assets and repay loans...
Read more
Pakistan shares close lower; rupee steady, o/n rates flat
KARACHI, Aug 18 (Reuters) - Pakistan shares closed lower on
Thursday on foreign portfolio investment outflows and on
profit-taking, dealers said.
Read more
Thursday on foreign portfolio investment outflows and on
profit-taking, dealers said.
Read more
UPDATE 1-Auris's tinnitus drug misses main goals in study; shares sink
Aug 18 (Reuters) - Auris Medical Holding AG said
its experimental drug for acute inner ear tinnitus missed the
main goals of a late-stage study, sending its shares down more
than 40 percent in...
Read more
its experimental drug for acute inner ear tinnitus missed the
main goals of a late-stage study, sending its shares down more
than 40 percent in...
Read more
BUZZ-Evraz: top UK midcap loser on H1 profit miss
** Evraz, one of Russia's largest steel producers,
-c.4% & top midcap loser after co's H1 profit misses
forecast
Read more
-c.4% & top midcap loser after co's H1 profit misses
forecast
Read more
BUZZ-Kaz: top UK midcap gainer as H1 profit rises
** Kaz Minerals +c.7%, most actively traded stock &
top pct gainer on FTSE midcap index after Kazakhstan
copper miner reports higher H1 core profit
Read more
top pct gainer on FTSE midcap index after Kazakhstan
copper miner reports higher H1 core profit
Read more
Wednesday, August 17, 2016
UPDATE 1-Cisco to cut 5,500 jobs in shift away from switches, routers
Aug 17 (Reuters) - Cisco Systems Inc said it would
lay off up to 5,500 employees, or nearly 7 percent of its
workforce, as the world's largest networking gear maker shifts
focus to areas such as...
Read more
lay off up to 5,500 employees, or nearly 7 percent of its
workforce, as the world's largest networking gear maker shifts
focus to areas such as...
Read more
EXCLUSIVE-Merck enters race for cancer drugmaker Medivation -sources
Aug 17 (Reuters) - Merck & Co Inc is one of at least
five pharmaceutical companies that submitted indications of
interest in buying U.S. cancer drug company Medivation Inc
earlier this month,...
Read more
five pharmaceutical companies that submitted indications of
interest in buying U.S. cancer drug company Medivation Inc
earlier this month,...
Read more
UPDATE 2-Hedge fund Marcato seeks management shakeup at Buffalo Wild Wings
BOSTON, Aug 17 (Reuters) - Activist hedge fund Marcato
Capital Management is pushing Buffalo Wild Wings Inc to
shake up its executive ranks and board, saying the casual
restaurant chain's stock price...
Read more
Capital Management is pushing Buffalo Wild Wings Inc to
shake up its executive ranks and board, saying the casual
restaurant chain's stock price...
Read more
UPDATE 3-Staples forecasts 15th straight quarterly sales decline
Aug 17 (Reuters) - Staples Inc, the biggest U.S.
office supplies retailer, forecast its 15th straight quarter of
declining sales as it closes stores in the face of intensifying
competition.
Read more
office supplies retailer, forecast its 15th straight quarter of
declining sales as it closes stores in the face of intensifying
competition.
Read more
UPDATE 4-Target cuts fiscal-year profit forecast; shares drop
Aug 17 (Reuters) - Retail chain Target Corp cut its
fiscal-year profit outlook on Wednesday after quarterly sales
fell more than expected due to lower demand for electronics and
a weak start to a...
Read more
fiscal-year profit outlook on Wednesday after quarterly sales
fell more than expected due to lower demand for electronics and
a weak start to a...
Read more
Pakistan shares hit record high; rupee flat, o/n rates fall
KARACHI, Aug 17 (Reuters) - Pakistan shares closed at a
record high on Wednesday after a decision by the Pakistan Stock
Exchange Ltd to offer a stake in the bourse operator received
interest from as...
Read more
record high on Wednesday after a decision by the Pakistan Stock
Exchange Ltd to offer a stake in the bourse operator received
interest from as...
Read more
Aerie lifts American Eagle's comparable sales above estimates
Aug 17 (Reuters) - Teen apparel retailer American Eagle
Outfitters Inc reported a bigger-than-expected rise in
quarterly comparable sales, largely due to strong demand for its
Aerie line of lingerie...
Read more
Outfitters Inc reported a bigger-than-expected rise in
quarterly comparable sales, largely due to strong demand for its
Aerie line of lingerie...
Read more
UPDATE 1-Finnair, hurt by security concerns in Europe, plans more cost cutting
HELSINKI, Aug 17 (Reuters) - Finnair warned
profit growth would slow in the second half and said it would
cut costs further after reporting much worse than expected
quarterly earnings on Wednesday as...
Read more
profit growth would slow in the second half and said it would
cut costs further after reporting much worse than expected
quarterly earnings on Wednesday as...
Read more
ASML shares fall on fears Intel could delay use of its newest tool
AMSTERDAM, Aug 17 (Reuters) - Shares in Dutch semiconductor
equipment supplier ASML Holding fell after remarks by
an Intel official suggested the company may hold off on using
ASML's newest tools in...
Read more
equipment supplier ASML Holding fell after remarks by
an Intel official suggested the company may hold off on using
ASML's newest tools in...
Read more
CORRECTED-Lumber Liquidators wins ruling on cancer warnings, shares jump
Aug 16 (Reuters) - Lumber Liquidators Holdings Inc
said a California court ruled in its favor against claims that
it did not warn consumers about cancer-causing formaldehyde in
some of its flooring...
Read more
said a California court ruled in its favor against claims that
it did not warn consumers about cancer-causing formaldehyde in
some of its flooring...
Read more
Tuesday, August 16, 2016
Britain's FTSE slips from 14-month highs as UK inflation bites
LONDON, Aug 16 (Reuters) - Britain's top shares index
slipped from a 14-month high on Tuesday as higher-than-expected
UK inflation data weighed on the market.
Read more
slipped from a 14-month high on Tuesday as higher-than-expected
UK inflation data weighed on the market.
Read more
Pakistan shares close higher; rupee steady, o/n rates fall
KARACHI, Aug 16 (Reuters) - Pakistan shares closed at an
all-time high on Tuesday, helped by gains in food and personal
care, oil and cement stocks.
Read more
all-time high on Tuesday, helped by gains in food and personal
care, oil and cement stocks.
Read more
UPDATE 1-Advance Auto Parts quarterly revenue falls 4.8 pct
Aug 16 (Reuters) - U.S. auto parts retailer Advance Auto
Parts Inc reported a 4.8 percent fall in quarterly
revenue as it grapples with "service shortfalls" and the
unavailability of parts, sending...
Read more
Parts Inc reported a 4.8 percent fall in quarterly
revenue as it grapples with "service shortfalls" and the
unavailability of parts, sending...
Read more
UPDATE 1-OncoGenex seeks strategic alternatives after drug study fails
Aug 16 (Reuters) - OncoGenex Pharmaceuticals Inc
said it was exploring strategic alternatives after its
experimental drug failed to show survival benefit in a
late-stage study in patients with...
Read more
said it was exploring strategic alternatives after its
experimental drug failed to show survival benefit in a
late-stage study in patients with...
Read more
Britain's FTSE retreats, though Antofagasta leads miners higher
LONDON, Aug 16 (Reuters) - UK shares slipped from a 14-month
high on Tuesday, though mining stocks rallied following a
well-received set of results from Antofagasta.
Read more
high on Tuesday, though mining stocks rallied following a
well-received set of results from Antofagasta.
Read more
Monday, August 15, 2016
SEC halts trading of Neuromama on "potentially manipulative" transactions
Aug 15 (Reuters) - The U.S. Securities and Exchange
Commission (SEC) said on Monday it had halted trading in shares
of Neuromama Ltd because of certain concerns including
"potentially manipulative"...
Read more
Commission (SEC) said on Monday it had halted trading in shares
of Neuromama Ltd because of certain concerns including
"potentially manipulative"...
Read more
Pakistan shares post record closing high; rupee falls, o/n rates rise
KARACHI, Aug 15 (Reuters) - Pakistan shares closed above the
40,000 mark for the first time on Monday, led by gains in oil
stocks on the back of firm crude prices, dealers said.
Read more
40,000 mark for the first time on Monday, led by gains in oil
stocks on the back of firm crude prices, dealers said.
Read more
Nikkei falls as strong yen, weak GDP hit mood in holiday-thin trade
TOKYO, Aug 15 (Reuters) - Japanese stocks fell on Monday in
thin trade as the yen stayed strong and data showed economic
growth stalled in the second quarter, hurting investor
sentiment.
Read more
thin trade as the yen stayed strong and data showed economic
growth stalled in the second quarter, hurting investor
sentiment.
Read more
Australia's Ansell shares jump 16 pct on potential condom unit sale
SYDNEY, Aug 15 (Reuters) - Australian rubber products maker
Ansell Ltd said on Monday it may sell its profitable
condom-making business to focus on its industrial and medical
units, sending shares 16...
Read more
Ansell Ltd said on Monday it may sell its profitable
condom-making business to focus on its industrial and medical
units, sending shares 16...
Read more
JP Morgan sticks with "overweight" recommendation on UK shares
LONDON, Aug 15 (Reuters) - JP Morgan has kept its
"overweight" recommendation on UK equities, arguing that
relatively high dividend yields, sterling weakness and the
possibility of further rate cuts...
Read more
"overweight" recommendation on UK equities, arguing that
relatively high dividend yields, sterling weakness and the
possibility of further rate cuts...
Read more
Sunday, August 14, 2016
UPDATE 1-Nike's stock falls behind rivals amid Rio Olympics
SAN FRANCISCO, Aug 12 (Reuters) - Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour.
Read more
Read more
Friday, August 12, 2016
Nike's stock falls behind rivals at Rio Olympics
SAN FRANCISCO, Aug 12 (Reuters) - Nike has top billing among sports brands at the Rio Olympics, but a week into the games, its stock is losing to Adidas and Under Armour.
Read more
Read more
UK's FTSE touches 14-month high, though miners fall
* Though Restaurant Group soars after CEO departure
(Recasts, adds details and updates prices at close)
Read more
(Recasts, adds details and updates prices at close)
Read more
BRIEF-Aermont Capital says financing pre-condition satisfied for Pinewood deal
* Bidco and Pinewood have reached agreement on terms of a
recommended cash acquisition of Pinewood
Read more
recommended cash acquisition of Pinewood
Read more
Pakistan shares post all-time closing high; rupee weaker, o/n rates fall
KARACHI, Aug 12 (Reuters) - Pakistan stocks posted an
all-time closing high on Friday, led by gains in oil stocks due
to a rise in crude prices overnight, dealers said.
Read more
all-time closing high on Friday, led by gains in oil stocks due
to a rise in crude prices overnight, dealers said.
Read more
Pakistan shares hit record high; rupee stronger, o/n rates fall
KARACHI, Aug 12 (Reuters) - Pakistan stocks edged up to a
fresh record closing high on Thursday, led by banking stocks,
dealers said.
Read more
fresh record closing high on Thursday, led by banking stocks,
dealers said.
Read more
State Bank of India Q1 net falls 32 pct, bad loans rise slightly
MUMBAI, Aug 12 (Reuters) - State Bank of India, the
nation's top lender by assets, reported on Friday first-quarter
net profit fell 32 percent, in line with estimates, and its bad
loans rose slightly.
Read more
nation's top lender by assets, reported on Friday first-quarter
net profit fell 32 percent, in line with estimates, and its bad
loans rose slightly.
Read more
Thursday, August 11, 2016
Ruby Tuesday posts loss, to close 95 restaurants; shares plunge
Aug 11 (Reuters) - Shares of Ruby Tuesday Inc plunged
as much as 14 percent in extended trading on Thursday after the
restaurant chain operator posted its fourth straight quarterly
loss and said it...
Read more
as much as 14 percent in extended trading on Thursday after the
restaurant chain operator posted its fourth straight quarterly
loss and said it...
Read more
Nordstrom comparable sales falls less than expected
Aug 11 (Reuters) - Department store operator Nordstrom Inc
reported better-than-expected quarterly comparable store
sales, helped by higher sales during its anniversary sale and at
its off-price...
Read more
reported better-than-expected quarterly comparable store
sales, helped by higher sales during its anniversary sale and at
its off-price...
Read more
UPDATE 1-Chipmaker Nvidia's revenue, profit beat on gaming strength
Aug 11 (Reuters) - Chipmaker Nvidia Corp reported a
better-than-expected quarterly profit, as well as its fastest
sales growth in nearly five years, powered largely by strong
demand for the company's...
Read more
better-than-expected quarterly profit, as well as its fastest
sales growth in nearly five years, powered largely by strong
demand for the company's...
Read more
UK's FTSE rises to 14-month high, Coca Cola HBC surges
LONDON, Aug 11 (Reuters) - Britain's top share index rose on
Thursday to post its sixth straight day of gains, with the
market lifted to a 14-month high by energy companies and Coca
Cola HBC.
Read more
Thursday to post its sixth straight day of gains, with the
market lifted to a 14-month high by energy companies and Coca
Cola HBC.
Read more
UPDATE 2-Henkel lifts margin target on emerging market gains, shares hit high
* Shares at record high, lead blue-chip DAX index
(Recasts throughout, adds detail, background)
Read more
(Recasts throughout, adds detail, background)
Read more
UPDATE 1-India's Bank of Baroda Q1 profit tumbles; sees recovery in Q4
MUMBAI, Aug 11 (Reuters) - Bank of Baroda, India's
second-biggest state-run lender by assets, reported a 60 percent
fall in first-quarter net profit and a rise in bad loans, and
said a recovery was...
Read more
second-biggest state-run lender by assets, reported a 60 percent
fall in first-quarter net profit and a rise in bad loans, and
said a recovery was...
Read more
UPDATE 1-Old Mutual H1 operating profit falls, watchdog probe could delay break-up
* FCA announced probe of six firms in March
(Recasts with CEO comments, adds analyst, share price)
Read more
(Recasts with CEO comments, adds analyst, share price)
Read more
Britain's FTSE falls as Old Mutual, ex-divs weigh
LONDON, Aug 11 (Reuters) - UK shares slipped on Thursday,
weighed down by a drop in Old Mutual, which fell after
reporting results, as well as a number of companies trading
ex-dividend.
Read more
weighed down by a drop in Old Mutual, which fell after
reporting results, as well as a number of companies trading
ex-dividend.
Read more
Wednesday, August 10, 2016
UPDATE 1-Valeant under criminal investigation -WSJ
Aug 10 (Reuters) - U.S. federal prosecutors are
investigating whether drugmaker Valeant Pharmaceuticals
International Inc defrauded insurers by hiding
a relationship with pharmacy Philidor that...
Read more
investigating whether drugmaker Valeant Pharmaceuticals
International Inc defrauded insurers by hiding
a relationship with pharmacy Philidor that...
Read more
UPDATE 1-Perrigo slashes full-year forecast again, shares plunge
Aug 10 (Reuters) - Perrigo Co Plc slashed its
full-year earnings forecast for the second time, citing pricing
pressure in its generic drugs business, sending its shares down
as much as 13 percent and...
Read more
full-year earnings forecast for the second time, citing pricing
pressure in its generic drugs business, sending its shares down
as much as 13 percent and...
Read more
Perrigo slashes full-year forecast again, shares plunge
Aug 10 (Reuters) - Perrigo Co Plc slashed its
full-year earnings forecast for the second time, citing pricing
pressure in its generic drugs business, sending its shares down
as much as 13 percent and...
Read more
full-year earnings forecast for the second time, citing pricing
pressure in its generic drugs business, sending its shares down
as much as 13 percent and...
Read more
UK's FTSE notches up fifth day of gains on firm financials
LONDON, Aug 10 (Reuters) - Britain's top equity index rose
on Wednesday in its fifth straight day of gains as stronger
financial stocks offset weaker energy shares which tracked a
pullback in oil...
Read more
on Wednesday in its fifth straight day of gains as stronger
financial stocks offset weaker energy shares which tracked a
pullback in oil...
Read more
Pakistan shares close higher; rupee steady, o/n rates fall
KARACHI, Aug 10 (Reuters) - Pakistan stocks edged up to a
fresh record high on Wednesday led by foreign portfolio flows,
dealers said.
Read more
fresh record high on Wednesday led by foreign portfolio flows,
dealers said.
Read more
UPDATE 2-Yelp swings to surprise profit, raises full-year revenue forecast
* Shares rise more than 13 pct in extended trading
(Adds CEO comment, forecast, COO appointment)
Read more
(Adds CEO comment, forecast, COO appointment)
Read more
Tuesday, August 9, 2016
UPDATE 4-Valeant to sell more assets to cut debt, stock jumps
Aug 9 (Reuters) - Valeant Pharmaceuticals International Inc
will reorganize to focus on businesses including
eye care and dermatology and sell billions of dollars of
non-core assets in a bid to...
Read more
will reorganize to focus on businesses including
eye care and dermatology and sell billions of dollars of
non-core assets in a bid to...
Read more
Britain's FTSE hits 14-month high, Standard Life soars
* Legal & General shares fall after H1 results
(Recasts, adds detail and updates prices at close)
Read more
(Recasts, adds detail and updates prices at close)
Read more
UPDATE 2-SFR shares rally as CEO says French price war easing
* Says job cuts to save 400 million euros annually
(Adds CEO's comments on redundancy plan, updates shares)
Read more
(Adds CEO's comments on redundancy plan, updates shares)
Read more
CORRECTED-Gap shares slump as July sales disappoint, but analysts upbeat
Aug 9 (Reuters) - Shares of apparel retailer Gap Inc
fell more than 7 percent in early trading on Tuesday, a day
after the company reported a drop in sales for July, but
analysts were largely...
Read more
fell more than 7 percent in early trading on Tuesday, a day
after the company reported a drop in sales for July, but
analysts were largely...
Read more
UPDATE 2-Munich Re says on track for profit target, lifting shares
* Shares trade 3.2 pct higher to top of DAX index
(Adds CEO, analyst comment, detail, shares)
Read more
(Adds CEO, analyst comment, detail, shares)
Read more
Pakistan shares close higher; rupee stronger, o/n rates rise
KARACHI, Aug 9 (Reuters) - Pakistan stocks rose for a second
straight session on Tuesday, led by gains in oil stocks as
global crude prices increased, dealers said.
Read more
straight session on Tuesday, led by gains in oil stocks as
global crude prices increased, dealers said.
Read more
UPDATE 1-Amec Fosters' trading profit beats its own estimates
Aug 9 (Reuters) - Oilfield services firm Amec Foster Wheeler
Plc reported revenue and trading profit above consensus
estimates compiled by it, and said it continued streamlining
operations to...
Read more
Plc reported revenue and trading profit above consensus
estimates compiled by it, and said it continued streamlining
operations to...
Read more
Britain's FTSE hovers just below 14-month high, WorldPay rises
LONDON, Aug 9 (Reuters) - Britain's top shares index rose on
Tuesday close to its highest level in 14 months, lifted by gains
in major financial stocks while Worldpay also surged.
Read more
Tuesday close to its highest level in 14 months, lifted by gains
in major financial stocks while Worldpay also surged.
Read more
Monday, August 8, 2016
UPDATE 1-Apparel retailer Gap's quarterly sales fall less than expected
Aug 8 (Reuters) - Apparel retailer Gap Inc reported
a smaller-than-expected drop in quarterly sales, largely due to
higher customer visits to its Old Navy stores in June.
Read more
a smaller-than-expected drop in quarterly sales, largely due to
higher customer visits to its Old Navy stores in June.
Read more
UPDATE 2-Financial services firm TIAA to buy EverBank for about $2.5 bln
Aug 8 (Reuters) - Financial services firm TIAA said on
Monday it would buy U.S. online lender EverBank Financial Corp
for about $2.5 billion to expand its banking services.
Read more
Monday it would buy U.S. online lender EverBank Financial Corp
for about $2.5 billion to expand its banking services.
Read more
Britain's FTSE creeps up to 13-month high, boosted by Barclays
LONDON, Aug 8 (Reuters) - Britain's blue-chip FTSE 100 index
edged up on Monday to touch its highest level in more than 13
months on the back of gains in mining stocks and Barclays, which
was boosted...
Read more
edged up on Monday to touch its highest level in more than 13
months on the back of gains in mining stocks and Barclays, which
was boosted...
Read more
UPDATE 2-Allergan revenue disappoints as Alzheimer drug loses exclusivity
Aug 8 (Reuters) - Allergan Plc reported
weaker-than-expected quarterly revenue after sales of its
Alzheimer's drug, Namenda IR, collapsed following the loss of
patent exclusivity, and the company cut...
Read more
weaker-than-expected quarterly revenue after sales of its
Alzheimer's drug, Namenda IR, collapsed following the loss of
patent exclusivity, and the company cut...
Read more
Pakistan shares close higher; rupee weakens, o/n rates fall
KARACHI, Aug 8 (Reuters) - Pakistan stocks closed higher on
Monday, snapping four consecutive sessions of losses, led by
foreign portfolio investments, dealers said.
Read more
Monday, snapping four consecutive sessions of losses, led by
foreign portfolio investments, dealers said.
Read more
Britain's FTSE creeps up to 13-month high, boosted by Barclays
LONDON, Aug 8 (Reuters) - Britain's blue-chip FTSE 100 index
edged up on Monday to touch its highest level in more than 13
months on the back of gains in mining stocks and Barclays, which
was boosted...
Read more
edged up on Monday to touch its highest level in more than 13
months on the back of gains in mining stocks and Barclays, which
was boosted...
Read more
Friday, August 5, 2016
Britain's FTSE hits fresh one-year high, RBS slumps
LONDON, Aug 5 (Reuters) - Britain's blue-chip share index
climbed to its highest level since July 2015 on Friday, led by a
rise in housebuilders and miners, although Royal Bank of
Scotland slumped...
Read more
climbed to its highest level since July 2015 on Friday, led by a
rise in housebuilders and miners, although Royal Bank of
Scotland slumped...
Read more
Britain's FTSE hits fresh one-year high, RBS slumps
LONDON, Aug 5 (Reuters) - Britain's blue-chip share index
climbed to its highest level since July 2015 on Friday, led by a
rise in housebuilders and miners, although Royal Bank of
Scotland slumped...
Read more
climbed to its highest level since July 2015 on Friday, led by a
rise in housebuilders and miners, although Royal Bank of
Scotland slumped...
Read more
UPDATE 2-Bristol-Myers' Opdivo fails lung cancer trial; shares plunge
Aug 5 (Reuters) - Bristol-Myers Squibb Co said its
blockbuster Opdivo immunotherapy failed to slow progression of
symptoms in previously untreated patients with advanced lung
cancer in a late-stage...
Read more
blockbuster Opdivo immunotherapy failed to slow progression of
symptoms in previously untreated patients with advanced lung
cancer in a late-stage...
Read more
Hong Kong restaurant chain's shares surge up to 17 fold on debut
HONG KONG, Aug 5 (Reuters) - Shares in Hong Kong restaurant
chain operator Dining Concepts Holdings Ltd, which
counts the son of China's richest man among its shareholders,
surged as much as 17 times...
Read more
chain operator Dining Concepts Holdings Ltd, which
counts the son of China's richest man among its shareholders,
surged as much as 17 times...
Read more
Pakistan shares end down; rupee weaker, o/n rates fall
KARACHI, Aug 5 (Reuters) - Pakistan stocks closed lower for
the fourth consecutive session on Friday as the market witnessed
consolidation from the last few sessions, dealers said.
Read more
the fourth consecutive session on Friday as the market witnessed
consolidation from the last few sessions, dealers said.
Read more
UPDATE 2-Novo Nordisk shares fall as cuts forecasts on tough U.S market
* Outlook and contract negotiations disappoints -analyst
(Adds comments from CEO and analysts, details)
Read more
(Adds comments from CEO and analysts, details)
Read more
UPDATE 2-Insurer esure Group's H1 profit hurt by UK floods in June
* Stock falls as much as 6.8 pct, top loser on FTSE Midcap
(Adds details, CEO, analyst comments, share movement)
Read more
(Adds details, CEO, analyst comments, share movement)
Read more
DSV says ahead with UTi integration, boosting shares
COPENHAGEN, Aug 5 (Reuters) - Danish transport and logistics
company DSV shares rose as much as 4.4 percent on
Friday after it posted better second-quarter operating profit
than expected and said it...
Read more
company DSV shares rose as much as 4.4 percent on
Friday after it posted better second-quarter operating profit
than expected and said it...
Read more
UPDATE 2-Hugo Boss to close more stores as cost cuts bear fruit
* 20 stores to close that have diluted profit margin
(Adds details, analyst comment, shares)
Read more
(Adds details, analyst comment, shares)
Read more
Thursday, August 4, 2016
UPDATE 2-FireEye plans layoffs, cuts forecasts; shares plunge
Aug 4 (Reuters) - Cyber security firm FireEye Inc
said on Thursday it planned to lay off 300 to 400 of its 3,400
workers as it announced quarterly sales below its own forecast,
due to a slowdown in...
Read more
said on Thursday it planned to lay off 300 to 400 of its 3,400
workers as it announced quarterly sales below its own forecast,
due to a slowdown in...
Read more
UPDATE 1-Symantec results, forecast boosted by strong enterprise demand
Aug 4 (Reuters) - Symantec Corp reported
better-than-expected revenue for the first quarter and its
revenue forecast for the current quarter also topped analysts'
estimates, helped by strong demand...
Read more
better-than-expected revenue for the first quarter and its
revenue forecast for the current quarter also topped analysts'
estimates, helped by strong demand...
Read more
UPDATE 1-Kraft Heinz's quarterly profit quadruples, shares jump
Aug 4 (Reuters) - Kraft Heinz Co, the maker of Kraft
cheese, Heinz ketchup and Jell-O, reported a quarterly profit
that quadrupled, helped by aggressive cost-cutting measures and
lower commodity...
Read more
cheese, Heinz ketchup and Jell-O, reported a quarterly profit
that quadrupled, helped by aggressive cost-cutting measures and
lower commodity...
Read more
FTSE rallies after BoE decision, Hikma sinks
LONDON, Aug 4 (Reuters) - Britain's top share index rallied
after the Bank of England (BoE) cut interest rates on Thursday,
although pharmaceuticals company Hikma and precious
metals mining group...
Read more
after the Bank of England (BoE) cut interest rates on Thursday,
although pharmaceuticals company Hikma and precious
metals mining group...
Read more
CF Industries to run nitrogen plants full-out despite oversupply
Aug 4 (Reuters) - CF Industries Holdings Inc plans to
run its expanded U.S. nitrogen fertilizer plants at full
throttle, its chief executive officer said on Thursday, and
expects its domestic rivals...
Read more
run its expanded U.S. nitrogen fertilizer plants at full
throttle, its chief executive officer said on Thursday, and
expects its domestic rivals...
Read more
UPDATE 2-Harman revenue beats on strong demand from automakers
Aug 4 (Reuters) - Harman International Industries Inc
, the maker of JBL and Harman Kardon audio systems,
reported a better-than-expected quarterly revenue boosted by
strong demand from automakers.
Read more
, the maker of JBL and Harman Kardon audio systems,
reported a better-than-expected quarterly revenue boosted by
strong demand from automakers.
Read more
Pakistan shares end lower on profit-taking; rupee stronger, o/n rates rise
KARACHI, Aug 4 - Pakistan stocks closed lower on Thursday
marking their third session of losses as investors locked in
profits from a recent rally, dealers said.
Read more
marking their third session of losses as investors locked in
profits from a recent rally, dealers said.
Read more
Chesapeake Energy's quarterly loss narrows
Aug 4 (Reuters) - Chesapeake Energy Corp's quarterly
net loss narrowed from a year earlier, when the No.2 U.S.
natural gas producer had taken a $5 billion impairment charge.
Read more
net loss narrowed from a year earlier, when the No.2 U.S.
natural gas producer had taken a $5 billion impairment charge.
Read more
Egypt bourse caps firms raising cash abroad to deepen home market
CAIRO, Aug 4 (Reuters) - Egypt's stock exchange is changing
its rules on global depositary receipts (GDRs) to encourage
companies to increase their "free float" of shares at home
before looking...
Read more
its rules on global depositary receipts (GDRs) to encourage
companies to increase their "free float" of shares at home
before looking...
Read more
REFILE-BUZZ-RPS: loses in heavy volumes on lower H1, Brexit concerns
** RPS -8% & top loser on FTSE All Share Support Services
index after infrastructure and resources consultant
posts lower H1 profit, brings up some Brexit concerns
Read more
index after infrastructure and resources consultant
posts lower H1 profit, brings up some Brexit concerns
Read more
FTSE steadies near 3-week low before BoE decision, Hikma sinks
LONDON, Aug 4 (Reuters) - Britain's top share index steadied
before a likely move by the Bank of England to cut rates on
Thursday, although drugmaker Hikma and precious metals
miner Randgold...
Read more
before a likely move by the Bank of England to cut rates on
Thursday, although drugmaker Hikma and precious metals
miner Randgold...
Read more
Wednesday, August 3, 2016
Idemitsu, Showa Shell shares slump; spat with Idemitsu family threatens deal
TOKYO, Aug 4 (Reuters) - Shares of Showa Shell Sekiyu KK
and Idemitsu Kosan Co Ltd tumbled on Thursday
after the Idemitsu founding family upped the ante in its efforts
to block a plan by Idemitsu ...
Read more
and Idemitsu Kosan Co Ltd tumbled on Thursday
after the Idemitsu founding family upped the ante in its efforts
to block a plan by Idemitsu ...
Read more
UPDATE 1-MetLife profit falls short of estimates on weaker underwriting
Aug 3 (Reuters) - MetLife Inc, the largest U.S. life
insurer, reported a quarterly profit that widely missed
analysts' estimates, largely due to weaker underwriting and
tax-related adjustment in two...
Read more
insurer, reported a quarterly profit that widely missed
analysts' estimates, largely due to weaker underwriting and
tax-related adjustment in two...
Read more
UPDATE 1-Herbalife reports better-than-expected sales as demand rises
Aug 3 (Reuters) - Herbalife Ltd reported
better-than-expected quarterly sales and profit, helped by
demand for its weight management and targeted nutrition products
in North America as well as Europe...
Read more
better-than-expected quarterly sales and profit, helped by
demand for its weight management and targeted nutrition products
in North America as well as Europe...
Read more
UPDATE 2-Tesla posts another loss, but says on track for future deliveries
SAN FRANCISCO, Aug 3 (Reuters) - Tesla Motors Inc
reported a steeper than expected quarterly loss on Wednesday on
higher spending at its vehicle and battery factories, even as
the company said it...
Read more
reported a steeper than expected quarterly loss on Wednesday on
higher spending at its vehicle and battery factories, even as
the company said it...
Read more
Herbalife's quarterly sales rise 3.4 percent
Aug 3 (Reuters) - Herbalife Ltd's quarterly sales
rose 3.4 percent, helped by higher demand for its weight
management and targeted nutrition products in North America and
Europe, Middle and Africa.
Read more
rose 3.4 percent, helped by higher demand for its weight
management and targeted nutrition products in North America and
Europe, Middle and Africa.
Read more
UPDATE 1-Tesla posts 13th straight loss, says on track for H2 deliveries
Aug 3 (Reuters) - Tesla Motors Inc reported its
13th straight quarterly loss as a rise in sales of its Model S
and Model X electric cars failed to make up for the huge cost of
ramping up production.
Read more
13th straight quarterly loss as a rise in sales of its Model S
and Model X electric cars failed to make up for the huge cost of
ramping up production.
Read more
UPDATE 1-UniCredit core capital falls, shares drop
MILAN, Aug 3 (Reuters) - Italy's UniCredit posted
a surprise fall in its core capital in the second quarter,
hitting its shares and highlighting the challenge facing new
Chief Executive Jean-Pierre...
Read more
a surprise fall in its core capital in the second quarter,
hitting its shares and highlighting the challenge facing new
Chief Executive Jean-Pierre...
Read more
WRAPUP 1-French banks beat Q2 forecasts, but retail suffers
PARIS, Aug 2 (Reuters) - France's biggest banks posted
better-than expected earnings in the second quarter as their
diversified business models helped mitigate the pressure from
low interest rates...
Read more
better-than expected earnings in the second quarter as their
diversified business models helped mitigate the pressure from
low interest rates...
Read more
Pakistan shares close lower; rupee stronger, o/n rates up
Aug 3 - Pakistan stocks edged lower on Wednesday as the
market continued to see consolidation from the last session,
dealers said.
Read more
market continued to see consolidation from the last session,
dealers said.
Read more
RPT-UK construction hit by Brexit but some weathering storm
LONDON, Aug 2 (Reuters) - As Britain's construction industry
reels from its sharpest downturn for seven years, it is
companies that operate under longer-term contracts and have less
exposure to...
Read more
reels from its sharpest downturn for seven years, it is
companies that operate under longer-term contracts and have less
exposure to...
Read more
FTSE steadies near recent lows, HSBC leads banks
LONDON, Aug 3 (Reuters) - Britain's top share index steadied
near a recent two-week low on Wednesday, with weaker commodities
and property-related stocks offsetting an HSBC-led
rally in banking...
Read more
near a recent two-week low on Wednesday, with weaker commodities
and property-related stocks offsetting an HSBC-led
rally in banking...
Read more
Tuesday, August 2, 2016
UPDATE 4-Biogen draws takeover interest from Merck, Allergan-WSJ
Aug 2 (Reuters) - Biotechnology company Biogen Inc
has drawn takeover interest from drug companies
including Merck & Co Inc and Allergan Plc, The
Wall Street Journal reported on Tuesday, citing...
Read more
has drawn takeover interest from drug companies
including Merck & Co Inc and Allergan Plc, The
Wall Street Journal reported on Tuesday, citing...
Read more
UPDATE 1-EA posts unexpected profit on higher game downloads
Aug 2 (Reuters) - Video-game publisher Electronic Arts Inc
, known for titles such as "FIFA" and "Star Wars
Battlefront", reported an unexpected first-quarter profit,
helped by higher downloads of...
Read more
, known for titles such as "FIFA" and "Star Wars
Battlefront", reported an unexpected first-quarter profit,
helped by higher downloads of...
Read more
UPDATE 3-Biogen draws takeover interest from Merck, Allergan -WSJ
Aug 2 (Reuters) - Biotechnology company Biogen Inc
has drawn takeover interest from drug companies
including Merck & Co Inc and Allergan Plc, The
Wall Street Journal reported on Tuesday, citing...
Read more
has drawn takeover interest from drug companies
including Merck & Co Inc and Allergan Plc, The
Wall Street Journal reported on Tuesday, citing...
Read more
UPDATE 1-Wearable device maker Fitbit's revenue beats estimates
Aug 2 (Reuters) - Wearable device maker Fitbit Inc
reported a better-than-expected 46.5 percent jump in quarterly
revenue as demand rose for its colorful wristbands and clippable
devices.
Read more
reported a better-than-expected 46.5 percent jump in quarterly
revenue as demand rose for its colorful wristbands and clippable
devices.
Read more
REFILE-Biogen draws takeover interest from Merck, Allergan - WSJ
Aug 2 (Reuters) - Biotechnology giant Biogen Inc
has drawn takeover interest from drug companies
including Merck & Co Inc and Allergan Plc, the
Wall Street Journal reported, citing people familiar...
Read more
has drawn takeover interest from drug companies
including Merck & Co Inc and Allergan Plc, the
Wall Street Journal reported, citing people familiar...
Read more
FTSE hits two-week low as stress tests keep pressure on bank stocks
LONDON, Aug 2 (Reuters) - Britain's benchmark share index
fell to a two-week low on Tuesday as the heavily weighted
banking and energy sectors dropped, although motor insurer
Direct Line jumped after...
Read more
fell to a two-week low on Tuesday as the heavily weighted
banking and energy sectors dropped, although motor insurer
Direct Line jumped after...
Read more
UK construction hit by Brexit but some weathering storm
LONDON, Aug 2 (Reuters) - As Britain's construction industry
reels from its sharpest downturn for seven years, it is
companies that operate under longer-term contracts and have less
exposure to...
Read more
reels from its sharpest downturn for seven years, it is
companies that operate under longer-term contracts and have less
exposure to...
Read more
UPDATE 1-Och-Ziff posts quarterly loss, sets aside $214 million for probe
BOSTON, Aug 2 (Reuters) - Och-Ziff Capital Management Group
on Tuesday reported a second-quarter loss after the
largest publicly traded U.S. hedge fund company set aside $214.3
million to eventually...
Read more
on Tuesday reported a second-quarter loss after the
largest publicly traded U.S. hedge fund company set aside $214.3
million to eventually...
Read more
Britain's FTSE touches two-week low, Direct Line soars
LONDON, Aug 2 (Reuters) - UK shares fell for a second
straight session on Tuesday as banking stocks and Travis Perkins
dropped, though motor insurer Direct Line jumped after results.
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straight session on Tuesday as banking stocks and Travis Perkins
dropped, though motor insurer Direct Line jumped after results.
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UPDATE 2-Fresenius Medical's cost cuts lift earnings and shares
* Parent Fresenius raises FY profit goal on infusion drugs
(Releads, adds shares, analyst comment)
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(Releads, adds shares, analyst comment)
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UPDATE 1-Poland will not force banks to convert Swiss franc loans - source
WARSAW, Aug 2 (Reuters) - A draft bill in Poland aimed at
helping Swiss franc mortgage borrowers will not force banks to
convert the loans into zlotys, a source close to the matter said
on Tuesday,...
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helping Swiss franc mortgage borrowers will not force banks to
convert the loans into zlotys, a source close to the matter said
on Tuesday,...
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Monday, August 1, 2016
UPDATE 2-Tenet Healthcare quarterly earnings miss, shares slip
Aug 1 (Reuters) - Shares of Tenet Healthcare Corp
fell 5.5 percent on Monday after the third-largest for-profit
U.S. hospital operator reported quarterly earnings that fell
short of estimates,...
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fell 5.5 percent on Monday after the third-largest for-profit
U.S. hospital operator reported quarterly earnings that fell
short of estimates,...
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UPDATE 8-SolarCity accepts Tesla's $2.6 billion offer; both shares fall
* Offer includes 45 day "go-shop" period
(Adds S&P CreditWatch action on Tesla; closing prices for Tesla
and SolarCity shares)
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(Adds S&P CreditWatch action on Tesla; closing prices for Tesla
and SolarCity shares)
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Weaker banks and energy stocks drag FTSE to two-week closing low
LONDON, Aug 1 (Reuters) - Britain's blue-chip share index
hit a two-week closing low on Monday, with energy stocks
slipping on weaker crude oil prices and banks losing ground
following the results of...
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hit a two-week closing low on Monday, with energy stocks
slipping on weaker crude oil prices and banks losing ground
following the results of...
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UPDATE 1-Trina Solar accepts $1.1 bln go-private offer from investor group
Aug 1 (Reuters) - Chinese solar panel maker Trina Solar Ltd
said on Monday it would be taken private in a deal
valuing it at about $1.1 billion, accepting an offer from a
consortium including its...
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said on Monday it would be taken private in a deal
valuing it at about $1.1 billion, accepting an offer from a
consortium including its...
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Judge voids VirnetX's $625.6 mln Apple verdict; VirnetX plunges
Aug 1 (Reuters) - A federal judge has thrown out a verdict
requiring Apple Inc to pay VirnetX Holding Corp
$625.6 million for infringing four patents relating to Internet
security technology,...
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requiring Apple Inc to pay VirnetX Holding Corp
$625.6 million for infringing four patents relating to Internet
security technology,...
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Pakistan shares close up; rupee flat, o/n rates fall
Aug 1 - Pakistan stocks ended at a record high on Monday
after the central bank left interest rates unchanged last week,
dealers said.
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after the central bank left interest rates unchanged last week,
dealers said.
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UPDATE 1-Keryx withdraws 2016 forecast on renal drug supply disruption
Aug 1 (Reuters) - Keryx Biopharmaceuticals Inc said
it was withdrawing its full-year forecast due to issues related
to the production of its only approved drug, Auryxia.
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it was withdrawing its full-year forecast due to issues related
to the production of its only approved drug, Auryxia.
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UPDATE 1-Biogen pays Ionis $75 mln to develop muscle drug after trial success
Aug 1 (Reuters) - Biogen Inc said it would exercise
an option to develop and commercialize an experimental genetic
muscle-disorder drug after an interim analysis of late-stage
data showed patients...
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an option to develop and commercialize an experimental genetic
muscle-disorder drug after an interim analysis of late-stage
data showed patients...
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BUZZ-Intertek: top Stoxx industrials loser as H1 fails to impress
** Intertek -2.6% & top loser on Stoxx 600
industrial goods & services index after British testing
company's organic rev growth at constant currency & margins
fails to impress
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industrial goods & services index after British testing
company's organic rev growth at constant currency & margins
fails to impress
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BRIEF-Monte dei Paschi leads Italian banks higher after EU stress test results
* shares in Monte dei Paschi are up 5.7 percent at 0712 GMT
after a 10-percent rise in early trade
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after a 10-percent rise in early trade
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BRIEF-Euronext says trading has been halted in all derivatives products
* Due to a technical issue, trading has been halted in all
derivatives products until further notice
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derivatives products until further notice
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