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Apple’s iPhone sales, revenue forecast fall short- shares slide

(Reuters) – Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 percent off company stock. This year was to have been Apple Inc’s watershed moment in China, wh... More »

Apple’s iPhone sales and outlook lag targets, shares slide

(Reuters) – Apple Inc missed Wall Street’s lofty target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 8 percent on Monday. The world’s most valuable technology co... More »

Expect big moves in Netflix after earnings

NEW YORK (Reuters) – Options traders are bracing for about a 10 percent move up or down in Netflix Inc shares after the video streaming service reports results after the closing bell on Wednesday. Bearish bets in the options market had been picking up in recen... More »

Deutsche Bank warns of challenges ahead after surprise loss

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE ) shares tumbled on Monday following a surprise fourth-quarter loss due to a steep drop in debt trading revenues and heavy litigation and restructuring costs that prompted the bank to warn of a challenging 2014. Ge... More »

Best Buy says holiday sales fall- shares tumble

NEW YORK (Reuters) – Best Buy Co Inc (BBY.N ) reported a drop in total revenue and sales at its established U.S. stores in the all-important holiday season, sending shares tumbling more than 30 percent in early trading. The retailer cited intense discounting b... More »

Fiat shares jump on Chrysler merger deal

MILAN (Reuters) – Fiat’s $4.35 billion deal to gain full control of Chrysler Group LLC sent its shares to a near 2-1/2-year high on Thursday, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe. Investors welcomed the ... More »

Seagate to buy Xyratex to add test equipment business

(Reuters) – Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million to strengthen its supply and manufacturing chain for disk drives. Xyratex shares were up 27 percent at $13.25 per share in morning tradi... More »

Ford expects less profit in 2014, shares fall

NEW YORK (Reuters) – Ford Motor Co (F.N ) said Wednesday it expects lower pretax profit in 2014 and that its target for global automotive operating margin is at risk, due to economic conditions in Europe and South America, driving Ford shares down more than 4 ... More »


Cubist antibiotic succeeds in late-stage trial, shares rise

(Reuters) – Cubist Pharmaceuticals Inc said its experimental antibiotic for treating abdominal infections was found as effective as a widely used antibiotic in a late-stage trial. The company’s shares rose about 8 percent to $68 in premarket trading. Cubist’s ... More »

ARM shares rise on Google deal report

(Reuters) – British chip designer ARM Holdings Plc’s shares rose as much as 5.5 percent after a media report that Google Inc was considering using ARM’s chips to design its own server processors. By using its own designs, Google could better manage the interac... More »

Adobe’s Creative Cloud subscriber growth impresses investors

(Reuters) – Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts’ estimates but reported a 22 percent jump in the number of subscribers to its Creative Cloud suite from the preceding quarter. The compa... More »

RBS finance chief’s exit gives CEO another headache

LONDON (Reuters) – Royal Bank of Scotland (RBS.L ) chief Ross McEwan faced a fresh management headache on Wednesday as the surprise departure of Finance Director Nathan Bostock created a senior vacancy as the group attempts to navigate through a period of uphe... More »

Discovery considering bid for Scripps Networks: report

(Reuters) – Shares of Scripps Networks Interactive soared more than 11 percent after the market closed on Tuesday on a news report that Discovery Communications is considering a bid for the sought-after cable company. Discovery’s board discussed making a possi... More »


Hedge fund Hayman Capital takes stake in GM: source

(Reuters) – Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker’s stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, a source familiar with inves... More »

Hyundai Motor feels heat from Japanese rivals in China

SEOUL (Reuters) – Hyundai Motor Co (005380.KS ) could be one of the biggest losers from surging sales of Japanese cars in China as the South Korean automaker’s problems spread from the United States to the world’s largest auto market. Hyundai’s total overseas ... More »


HP shares jump on turnaround hopes- margins a concern

(Reuters) – Hewlett-Packard Co shares soared near their 52-week high on Wednesday after investors saw signs a turnaround plan was gaining traction, but Wall Street worried the improvement was coming at the expense of margins. HP shares jumped nearly 10 percent... More »

Ackman’s Pershing Square takes big stakes in Freddie, Fannie

(Reuters) – Activist investor Bill Ackman’s Pershing Square hedge fund has invested half a billion dollars to acquire stakes of nearly 10 percent each in Freddie Mac and Fannie Mae, the latest big investor this week to buy into the mortgage finance companies. ... More »

Cisco shares set to open 13 percent lower after revenue warning

(Reuters) – Cisco Systems Inc’s shares were set to open about 13 percent lower after the network equipment maker forecast a steep drop in revenue, prompting at least two brokerages to downgrade its stock and 12 to cut their price targets. The company said on W... More »

Wal-Mart’s U.S. sales miss mark as shoppers visit less

(Reuters) – Wal-Mart Stores Inc on Thursday reported its third straight quarterly decline in U.S. comparable sales, hurt by a drop in shopper visits, and the world’s largest retailer gave a disappointing profit forecast for the holiday season. The company said... More »

Acer shares tumble by daily limit after CEO resigns, job cuts

TAIPEI (Reuters) – Shares of Acer Inc fell by their daily limit on Wednesday after the company announced a restructuring plan with a new chief executive and a 7 percent reduction of its workforce after a worse-than-expected quarterly loss. Acer shares opened d... More »

UBS, Credit Suisse hit by threat of stricter capital rules

ZURICH/LONDON (Reuters) – UBS (UBSN.VX ) and Credit Suisse (CSGN.VX ) would have to hold far more capital than international rivals if Swiss lawmakers push ahead with proposals to impose even tougher rules to curb borrowing on the country’s banks. The potentia... More »


Vodafone rises on report of AT&T takeover interest

LONDON (Reuters) – Shares in Vodafone Group rose on Friday after a media report that U.S. mobile operator AT&T was exploring strategies for a potential takeover of the British telecoms firm. AT&T Chief Executive Randall Stephenson has said there is a “huge opp... More »


Analysts raise Netflix targets but ask if shares now too high

(Reuters) – Strong subscriber gains by Netflix Inc prompted analysts to sharply raise price targets on the stock, even as some worried that the shares are getting expensive as the online online video company faces bigger bills for original programs. Netflix sh... More »


Google shares break $1,000 barrier as mobile pays off

SAN FRANCISCO (Reuters) – Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company’s continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc. Shares of the... More »

BlackBerry shares up on interest from strategic buyers

TORONTO (Reuters) – Shares of BlackBerry Ltd rose 4 percent on Monday, following news of potential interest from strategic buyers in the embattled smartphone company and an analyst upgrade on the company’s stock. Shares in the company rose to $8 in morning tra... More »

Memories of Facebook cloud Twitter’s IPO-

SAN FRANCISCO (Reuters) – When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media’s company’s highly anticipated debut. In stark contrast, the investment c... More »


BlackBerry shares rise on possible Cerberus bidding interest

TORONTO/NEW YORK (Reuters) – The possibility of a second offer for BlackBerry Ltd reversed a slide in its stock price on Wednesday after the struggling smartphone maker said it expected to record $400 million in pre-tax charges related to cuts announced last m... More »

Fairfax’s Watsa confident BlackBerry bid will succeed

TORONTO (Reuters) – Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd. “We wouldn’t put our name to such a hig... More »

General Mills posts higher sales, helped by new products

(Reuters) – General Mills Inc (GIS.N ) reported higher-than-expected quarterly sales on Wednesday due to the addition of new products and businesses, and the maker of Cheerios cereal and Progresso soups affirmed its fiscal-year earnings outlook. The company al... More »

Cisco cutting 4,000 jobs, CEO sees slow progress

(Reuters) – Network equipment maker Cisco Systems Inc is cutting 4,000 jobs, or 5 percent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas in the face of uncertain demand for its networking equipment. Shares of the worl... More »

Cisco cutting 4,000 jobs, CEO sees ‘slow’ progress

(Reuters) – Network equipment maker Cisco Systems Inc is cutting 4,000 jobs, or 5 percent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas as it faces uncertain demand for its networking equipment. “The environment in t... More »

Groupon names Lefkofsky CEO- revenue exceeds estimates

SAN FRANCISCO (Reuters) – Groupon Inc named co-founder Eric Lefkofsky its chief executive and reported a record quarter for its North American business, signaling growing momentum in its comeback effort, and its shares rose almost 20 percent. The company, whic... More »

Nuance cuts forecast on delayed deals, move to subscription

(Reuters) – Nuance Communications Inc (NUAN.O ), whose software powers the Siri voice feature in Apple Inc’s (AAPL.O ) iPhone, cut its forecast for the year as some of its mobile customers delayed contracts, sending its shares down nearly 8 percent. The compan... More »

ICE profit rises 7 percent on energy futures, CDS clearing

NEW YORK (Reuters) – IntercontinentalExchange Inc, which is in the process of buying NYSE Euronext for $8.2 billion, reported a 7 percent rise in second-quarter profit on Tuesday, helped by higher energy futures volumes and credit default swap clearing. Net in... More »

Mediaset shares slide after Berlusconi tax fraud ruling

MILAN (Reuters) – Italian broadcaster Mediaset shares were down more 4 percent on Friday in early trade after its controlling shareholder former Prime Minister Silvio Berlusconi was convicted of tax fraud. Berlusconi on Friday said he was innocent. “The court’... More »

India’s Wipro shares rally on dollar revenue guidance

MUMBAI (Reuters) – India’s Wipro Ltd (WIPR.NS ) shares surged as much as 5.9 percent on Monday, after the software services exporter issued dollar revenue guidance that was above estimates. Wipro said on Friday it expects revenue from IT services business for ... More »


Surge in iPhone sales rings well with Apple investors

(Reuters) – Apple Inc shares opened about 5 percent higher on Wednesday after the technology company’s third-quarter profit beat analysts’ expectations due to stellar sales of its iPhones. The world’s largest technology company said it sold 31.2 million iPhone... More »

Strong iPhone sales buoy Apple’s third quarter, shares climb

SAN FRANCISCO (Reuters) – Sales of Apple Inc’s iPhone trumped Wall Street estimates after U.S. shipments soared 51 percent in the third quarter, lifting its stock 5 percent even as profit fell. The world’s largest technology company said Tuesday that profit fe... More »


Microsoft profit misses as Surface tablets languish- shares drop

SEATTLE (Reuters) – Microsoft Corp on Thursday reported lower-than-expected quarterly earnings as slow personal computer sales ate into its Windows business and the company took an unexpected $900 million charge for its inventory of unsold Surface tablets. The... More »

Icahn slams Dell board, remains bullish on Herbalife: CNBC

NEW YORK (Reuters) – Billionaire activist investor Carl Icahn said on Wednesday he is “feeling good” about his bet on computer maker Dell Inc while criticizing the company’s board for being dysfunctional. Speaking at the CNBC Institutional Investor Delivering ... More »

American Express shares fall after Europe proposes to cap fees

(Reuters) – Shares of credit card company American Express Co (AXP.N ) fell as much as 5 percent on heavy volume on Wednesday, following the European Commission’s plans to limit fees banks can charge to process card payments. The commission will propose cappin... More »

S&P downgrades SoftBank to ‘junk’ status, shares slide

TOKYO (Reuters) – Standard & Poor’s cut SoftBank Corp’s (9984.T ) debt rating two notches to “junk” grade, citing financial risks from its $21.6 billion purchase of U.S. wireless carrier Sprint Nextel Corp (S.N ) and Sprint’s proposed buyout of Clearwire Corp ... More »


Shares of Samsung Electronics extend falls to more than 4 percent

SEOUL (Reuters) – Samsung Electronics Co Ltd’s shares extended falls to more than 4 percent after its second-quarter earnings estimates released on Friday failed to meet market forecasts, fuelling concerns about growth in its smartphone business. Shares in Sam... More »


Dell shares fall as investors bet against higher buyout bid

(Reuters) – Shares of Dell Inc fell more than 3 percent on Friday, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition. A deteriorating outlook for the... More »

Free of newspapers, 21st Century Fox shines

(Reuters) – Wall Street rewarded Rupert Murdoch’s move to create a separate entertainment company, giving 21st Century Fox one of the richest valuations in the media sector on its first day of trading. Investors had waited for Murdoch to split News Corp, givin... More »


Nokia to buy out Siemens equipment venture- shares surge

HELSINKI (Reuters) – Nokia shares surged on Monday after it announced plans to buy out Siemens AG’s share of their network equipment joint venture, betting on the technology to run 4G networks as it struggles in the smartphones business. Loss-making Nokia gain... More »


Samsung Elec shares down 3 percent on weaker earnings outlook

SEOUL (Reuters) – Shares in Samsung Electronics Co Ltd slumped 3 percent to nine-month lows on Wednesday, as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period. Shinhan Investment Corp joined a number of b... More »


Barnes & Noble retreats from tablet wars as Nook sales plummet

(Reuters) – Barnes & Noble Inc will stop manufacturing its own Nook tablets, marking the end of its expensive attempt to compete alone with deep-pocketed rivals Amazon.com Inc, Apple Inc and Google Inc in the tablet wars. The top U.S. bookstore chain reported ... More »

News Corp spinoffs start preliminary trading

(Reuters) – News Corp’s publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch’s company officially splits in two on June 28. Shares of the new News Corp, the publishing arm t... More »


Gannett surges to five-year high on deal to expand TV reach

(Reuters) – Gannett Co Inc shares soared 27 percent to a five-year high after the largest U.S. newspaper chain struck a $1.5 billion deal for television company Belo Corp, dramatically increasing TV’s importance to Gannett’s results. Gannett’s surge nearly equ... More »

Saipem shares plunge after new profit warning

MILAN (Reuters) – Saipem’s (SPMI.MI ) share price fell by as much as 25 percent on Monday, after Europe’s biggest oil industry services group gave its second major profit warning in less than six months due to problems with contracts in Algeria, Mexico and Can... More »


Novo Nordisk hit hard as U.S. rebuffs insulin drug

COPENHAGEN (Reuters) – U.S. regulators refused to approve Novo Nordisk’s new long-acting insulin Tresiba until it conducts extra tests for potential heart risks, dealing a major blow to a key product for the Danish drugmaker. Shares in Novo, the world’s leadin... More »

As ads dip, Times Co increases revenue on subscribers

(Reuters) – A surge in subscription revenue – mostly digital – let The New York Times Co easily surpass expectations last quarter giving a positive start to the company’s new chief executive officer, Mark Thompson. Shares rallied as much as 15 percent to highs... More »

Fox dampens higher profit, revenue at News Corp

(Reuters) – Rupert Murdoch’s News Corp on Wednesday reported higher quarterly revenue and profit on strong growth at its cable assets including its Regional Sports and FX networks. But the rosy quarterly figures – revenue and profit beat expectations – masked ... More »

News Corp posts higher quarterly revenue, profit

(Reuters) – News Corp reported higher quarterly revenue and profit on Wednesday on strong growth at its cable networks. The media conglomerate, controlled by Rupert Murdoch, said revenue rose 5 percent to $9.43 billion for the quarter that ended in December. A... More »

Netflix wins back Wall Street, shares jump 42 percent

LOS ANGELES/NEW YORK (Reuters) – Netflix Inc impressed Wall Street with a surprisingly strong holiday quarter that eased near-term concerns about its costly international expansion and its movie and TV bill, sending its shares skyrocketing 42 percent. The jump... More »


Biogen Lou Gehrig’s disease drug fails in key trial

(Reuters) – An experimental drug to combat amyotrophic lateral sclerosis, commonly called Lou Gehrig’s disease in the United States, failed to work in an important trial and Biogen Idec said it would stop development of the treatment. The drug, dexpramipexole,... More »

Discovery profit falls, hurt by Oprah’s OWN

(Reuters) – Discovery Communications reported a lower-than-expected quarterly profit on Tuesday, hurt by losses at the Oprah Winfrey Network (OWN), sending its shares down 6.5 percent. OWN, the joint venture with the “queen of talk” that is struggling with lac... More »

Netflix spooks Street with sputtering user growth

LOS ANGELES (Reuters) – Video rental company Netflix Inc projected slower subscriber growth this quarter for its key U.S. video-streaming service, disappointing investors and sending its shares down 17 percent after hours. While Netflix reported a first-quarte... More »