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  • May 22- Expedia Inc said it sold its entire stake in online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million, after struggling with mounting losses at the Chinese company. Shares of Expedia and Ctrip touched record highs in early trading on Friday. Ctrip's stock gained 13 percent to $81.20, while Expedia's rose 9...

  • *Q3 adjusted profit $0.62/ share vs estimate of $0.52. May 22- Packaged foods maker Campbell Soup Co on Friday reported an unexpectedly better quarterly profit, helped by lower spending on promotions, higher prices for its products and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose about 1.5 percent.

  • May 22- Packaged foods maker Campbell Soup Co reported a better-than-expected quarterly profit, helped by lower promotions, higher selling prices and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose 1.5 percent in premarket trading on Friday. The company said margins grew in its global baking and...

  • *London and Wall St closed for holiday on Monday. LONDON, May 22- European shares slipped off three-week highs on Friday, with luxury goods group Richemont falling on weak sales, while a rebound in the euro also pegged back the region's stock markets. European equities have rallied this year on the back of a government bond buying programme and record low interest...

  • UPDATE 1-HP reports profit above estimates, shares up Thursday, 21 May 2015 | 5:05 PM ET

    May 21- Hewlett-Packard Co, the world's No. 2 PC maker, reported a quarterly profit above market estimates, helped by cost cuts, sending its shares up more than 3 percent in after-market trading. HP's net income fell to $1.01 billion, or 55 cents per share, in the second quarter ended April 30, from $1.27 billion, or 66 cents per share a year earlier. The company forecast an...

  • HP profit beats Street on lower costs Thursday, 21 May 2015 | 4:21 PM ET

    May 21- Hewlett-Packard Co reported a quarterly profit above market estimates, pushing shares up 2 percent in after-market trading. Net income fell to $1.01 billion, or 55 cents per share, in the second quarter ended April 30, from $1.27 billion, or 66 cents per share a year earlier. Revenue dropped to $25.45 billion from $27.31 billion.

  • May 21- Shares of China's Baozun Inc, nearly one-fifth-owned by Alibaba, rose as much as 13 percent in their debut on Thursday, valuing the e-commerce services company at up to $548.3 million. Baozun counts Haagen Dazs, Nike, Guess and Microsoft among its more than 100 clients that are competing fiercely in China's thriving online market, dominated by Alibaba...

  • May 21- Shares of Shopify Inc, a Canadian e-commerce software maker, rose as much as 69 percent in their market debut on the New York Stock Exchange, valuing the company at $2.14 billion. Shopify, which also started trading on the Toronto Stock Exchange on Thursday, is the first Canadian company to be listed on a U.S. exchange this year. Shopify's initial public...

  • May 21- Shares of Shopify Inc, a Canadian e-commerce software maker, rose as much as 69 percent in their trading debut on the New York Stock Exchange, valuing the company at up to $2.14 billion. Ottawa- based Shopify, which also listed its shares on the Toronto Stock Exchange, sold all the 7.7 million shares in the offering. Morgan Stanley, Credit Suisse, Raymond James...

  • Flooring retailer Lumber Liquidators' CEO resigns Thursday, 21 May 2015 | 8:38 AM ET

    May 21- Hardwood flooring retailer Lumber Liquidators Holdings Inc said Chief Executive Robert Lynch had resigned unexpectedly, sending its shares down 17 percent in premarket trading on Thursday. The company named founder Thomas Sullivan as acting CEO. Lumber Liquidators is facing U.S. government investigations after CBS's "60 Minutes" show alleged that...

  • Hong Kong shares slip, several Chinese firms plunge Thursday, 21 May 2015 | 4:21 AM ET

    May 21- Hong Kong stocks dipped on Thursday, with the spot light thrown onto several Chinese firms whose shares went into free fall. After April's 13 percent rally, "the Hong Kong market is in a consolidation stage, and investors are waiting for new excitement," said Alex Kwok, Hong Kong- based strategist at China Investment Securities. Goldin Financial Holdings and...

  • HONG KONG, May 21- The parent of Chinese solar company Hanergy Thin Film Power Group said on Thursday it is "in good financial condition" a day after shares in its listed unit tumbled nearly 50 percent. The Beijing- based group has not engaged in any financial derivative trading with any institutions or individuals, using its shares in its Hong Kong listed...

  • UPDATE 1-NetApp results miss estimates; shares fall Wednesday, 20 May 2015 | 6:34 PM ET

    May 20- Data storage equipment maker NetApp Inc reported fourth-quarter results below analysts' estimates, hurt by lower sales to original equipment manufacturers, sending its shares down more than 10 percent in extended trading. NetApp has been trying to boost growth by focusing on cloud-based products as businesses cut spending on high-end storage...

  • May 20- Salesforce.com Inc, the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters. "I think what investors will be very enthusiastic about tomorrow is how much margin upside there was," FBR Capital Markets analyst Samad Samana...

  • HONG KONG, May 21- China's investors are fuelling their own version of a dotcom bubble going by the meteoric rise in the shares of a newly-listed Internet video company. "The forces are much too strong to make any bubble burst or any stock market to go down right now," said Josef Schuster, founder of IPO research and investment firm Ipox Schuster LLC.

  • May 20- Shares of Black Knight Financial Services Inc, a provider of software and services to the mortgage industry, rose as much as 9.2 percent in their market debut on Wednesday, valuing the company at about $4 billion. Black Knight raised about $441 million after its IPO was priced at $24.50 per share, near the top end of the expected range of $22- $25.

  • May 20- Shares of Black Knight Financial Services Inc, a provider of software and services to the mortgage industry, rose as much as 8.7 percent in their market debut, valuing the company at about $4 billion. The company raised about $441 million after its IPO was priced at $24.50 per share, close to the top end of the expected range of $22- $25. Black Knight, which counts...

  • Why M&A is on a tear in 2015 Wednesday, 20 May 2015 | 9:36 AM ET
    Handshake M&A mergers

    Dealmaking hit an eight-year high in Q1 as the cost of doing deals remains low and companies chase growth, THL Partners' Scott Sperling tells CNBC.

  • May 20- Drug developer Lpath Inc said it would cut jobs and costs after its experimental eye drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly. Lpath, which had about 25 employees as of March 1, according to a regulatory filing, also said it would re-evaluate its research and...

  • LONDON, May 20- Shares in British luxury goods maker Burberry tumbled on Wednesday after it cut its annual profit guidance, hit by foreign exchange volatility and subdued demand in Hong Kong and the United States. It came after Burberry reported a rise in group profit for the year to the end of March- but adverse currency movements due to a strong pound took a big...