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  • NEW YORK— Shares of the Pandora Media plummeted Friday, a day after the Internet radio company reported fourth-quarter earnings that fell short of Wall Street expectations. With that service, Pandora faces increasing competition for users from Spotify, Apple Music and other streaming services, said BTIG Research analyst Richard Greenfield in a note to...

  • NEW YORK— Shares in the mobile payment services company Square rose sharply Friday after Visa disclosed the details of its ownership stake in the company. While Visa's stake amounts to about 1 percent of the company, and the stake was established at least 5 years ago, investors interpreted the announcement as a major endorsement of Square by Visa, the world's...

  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 11.3 percent at $17.27, while the S&P financial index rallied 3.8 percent. "Europe was strong, especially the banks, and that appeared to have some positive carryover effect on banking stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment...

  • Feb 12- Chinese Internet search company Baidu Inc said it received an offer for its 80.5 percent stake in online video company Qiyi.com Inc from the chief executives of the two firms. Shares of Baidu, sometimes referred to as China's Google, rose 4.1 percent to $147.21 in premarket trading on Friday. Qiyi has an enterprise value of $2.8 billion, Baidu said in...

  • Germany's DAX index ended the day up 2.5 percent at 8,967.51 while Britain's FTSE 100 gained 3.1 percent to 5,707.60. Bank shares led the way on Friday, with Deutsche Bank rallying 11.8 percent after saying it would buy back over $5 billion worth of its own bonds. Commerzbank jumped 18 percent after it announced its first dividend since 2007..

  • COPENHAGEN, Feb 12- Shares in Denmark's GN Store Nord jumped as much as 15 percent on Friday after its financial results met forecasts following previous misses, legal problems and fears over the performance of one of its units. GN's shares were up 11.5 percent at 124.40 Danish crowns at 1211 GMT. Brand analyst Michael Friis Jorgensen said.

  • COPENHAGEN, Feb 12- Shares in GN Store Nord, the Danish hearing aid and headset maker, jumped more than 10 percent on Friday after fourth-quarter results met forecasts, following problems in previous months. The company reported quarterly earnings before interest, tax and amortisation of 522 million Danish crowns, compared with analysts' average forecast of...

  • Japan stocks down 5.3 percent after Europe, US sell-off Thursday, 11 Feb 2016 | 10:13 PM ET

    TOKYO— Japan's main stock index dived more than 5 percent Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in Europe and the U.S. Shares in New Zealand, Taiwan and Thailand fell while Singapore and Indonesia rose. Markets in China and Taiwan are closed until Monday for Lunar New Year holidays.

  • OAKLAND, Calif.— Pandora Media's stock retreated in after-hours trading Thursday after the Internet radio giant's fourth-quarter earnings fell short of expectations and its CEO declined to comment on a report that the company is looking to sell itself. Pandora's stock jumped earlier in the day after The New York Times reported the company is working with...

  • CBS and other media companies are under pressure to show they can survive and thrive as younger viewers turn away from traditional television. "I don't think there is anything in the numbers that doesn't suggest that the strength of the business remains good," Evercore ISI analyst Vijay Jayant said of CBS. CBS will continue "business as usual," he told analysts.

  • Shares of travel websites Expedia and TripAdvisor soar Thursday, 11 Feb 2016 | 3:50 PM ET

    NEW YORK— Shares of Expedia and TripAdvisor soared Thursday, even though the travel website companies reported differing results for the fourth quarter. Expedia's results were worse than Wall Street expected as costs piled up related to its acquisition of Orbitz, the company reported late Wednesday. Meanwhile, TripAdvisor, which was spun off from Expedia in...

  • TORONTO, Feb 11- Telus Corp, one of Canada's three big telecom providers, reported a 16 percent drop in fourth-quarter profit on Thursday, hurt by increased wireless competition and sagging demand, partly due to economic weakness in the oil-producing province of Alberta. Shares in the Vancouver- based company were down 1.2 percent at C $39.37 in early afternoon...

  • Boeing stock plunges on report of SEC accounting probe Thursday, 11 Feb 2016 | 12:35 PM ET

    NEW YORK— Shares of the Boeing Co. plummeted Thursday after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer's accounting. Shares of the Chicago- based company fell 12 percent at one point during the day, about an hour after Bloomberg News published a report that said the SEC was looking into the cost and sales...

  • Tesla's shares rose as much as 14 percent to $163.26 on Thursday morning, a day after Chief Executive Elon Musk promised that the company would start making money this year. While the company surprised investors with the strength of its vehicle sales forecast, some Wall Street analysts said the target was ambitious and that Tesla's cash burn rate remained a...

  • Feb 11- Tesla Motors Inc's shares rose as much as 8 percent in premarket trading on Thursday after the electric luxury car maker forecast a big jump in vehicle sales this year, a target some Wall Street analysts found ambitious. The company's shares rose to $155 despite a bigger fourth-quarter loss, as Chief Executive Elon Musk promised investors on Wednesday...

  • LONDON, Feb 11- Shire, the London- listed drugmaker buying Baxalta International for $32 billion, reported a better-than-expected 13 percent rise in fourth-quarter earnings on Thursday, helped by strong sales of its ADHD treatment Vyvanse. The London- listed company clinched its biggest acquisition to date in January, with a cash and shares deal to buy the...

  • Societe Generale shares slump on profit warning Thursday, 11 Feb 2016 | 4:55 AM ET

    PARIS— Shares in Societe Generale slumped Thursday after the French bank warned it would not achieve a targeted increase in profitability this year. Societe Generale shares tumbled at the open of the Paris stock exchange and were down 13 percent at 27.26 euros in morning trading. The warning came as the bank reported a rise in 2015 net profit to 4 billion euros.

  • *Silicon Valley carmaker plans 60-80 pct vehicle sales growth. Feb 10- Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker would stop burning cash and start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss. Musk said Tesla would generate positive cash...

  • Tesla's 4Q net loss doubles but shares up on outlook Wednesday, 10 Feb 2016 | 6:10 PM ET

    DETROIT— Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street's forecasts. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production at the end of 2017.. CEO Elon Musk said he's not worried about competition from the all-electric Chevrolet Bolt, which will have a...

  • SAFT-ON-WEALTH -Falling knives really do cut Wednesday, 10 Feb 2016 | 5:48 PM ET

    On Wednesday Deutsche Bank, which had fallen more than 50 percent from its 2015 peaks, rose 10 percent from its Tuesday low after reports the company plans to buy back bonds. Similarly, mining shares in the FTSE 350 index, which fell as much as 60 percent since 2015 highs, recently jumped 25 percent in less than three weeks. "Rarely do those stocks that lead us down into a...