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  • Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...

  • The news sent shares of J&J, whose annual Remicade sales of $6.5 billion are mostly in the United States, down more than 3 percent. FDA scientists released their favorable report ahead of a scheduled meeting on Tuesday of an independent medical advisory panel to the agency. "In considering the totality of the evidence, the data submitted by Celltrion show that is...

  • Feb 5- LinkedIn Corp's shares plunged about 35 percent on Friday, wiping out nearly $9 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities and RBC Capital Markets also downgraded the stock.

  • *Gou to hold news conference in Osaka at 0600 GMT. TAIPEI/ TOKYO, Feb 5- Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan's Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm's takeover bid over a rival offer from a Japanese state-backed fund.

  • *Ralph Lauren, Kohl's drag down other retailers. Feb 4- A jump in materials shares helped U.S. stocks eke out a second straight day of gains on Thursday, though disappointing forecasts from retailers and anxiety ahead of Friday's jobs report limited the advance. Adam Sarhan, chief executive of Sarhan Capital in New York, said the market is trying to bounce from "...

  • Shares of the company, which also announced a $500 million buyback program, rose as much as 17 percent to a two-month high of $28.83 on Thursday. And in November, Coty said it would pay $1 billion for the beauty care unit of Brazil's Hypermarcas SA. Sales in the color cosmetics business, which includes Sally Hansen nail polishes and Rimmel cosmetics, rose 10 percent...

  • *ING up on solid results, reassuring message on oil risk. MILAN, Feb 4- European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss. "The dollar is weakening because the market is starting to worry...

  • Feb 3- GoPro Inc forecast current-quarter revenue well below analysts' expectations as demand for its wearable cameras fell and the company said Chief Financial Officer Jack Lazar had resigned. Brian McGee, who joined the company from Qualcomm Inc in 2015, will take over as CFO on March 11, GoPro said on Wednesday. GoPro shares fell about 10 percent to $9.67 in...

  • Shares of CBS were up 4.6 percent after the bell, while those of Viacom Inc, where Redstone is also chairman, rose 7.9 percent. CBS said Redstone would be replaced by Leslie Moonves, its president and chief executive since 2006.. Redstone's resignation as executive chairman was effective Feb. 2, CBS said.

  • CBS shares were up 3.6 percent in after-market trading, while those of Viacom Inc, where Redstone is also chairman, rose 6.3 percent. CBS said Redstone would be replaced by Leslie Moonves, the president and chief executive officer of the company. But he will stay on as chairman emeritus at CBS.

  • Yet shares in the Detroit automakers aren't getting any respect, increasing pressure on executives to boost dividends and share buybacks even as the costs of new technology and emissions regulations rise. GM shares fell as much as 5 percent, even as Chief Executive Officer Mary Barra and Chief Financial Officer Chuck Stevens told investors on a conference...

  • CHICAGO, Feb 3- Exchange operator CBOE Holdings Inc on Wednesday reported lower quarterly revenue on a sharp drop in trading volume and said it would increase spending in 2016, sending its shares lower. The company, which owns the Chicago Board Options Exchange, said core operating expenses would rise 8 percent to 10 percent to $211 million to $215 million in...

  • LONDON, Feb 3- Shares in Clydesdale Bank Plc rose as much as 2.4 percent in early trading on Wednesday in their London debut, after the nearly 180- year-old British lender raised 395.7 million pounds.

  • Shares of Exxon fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly profit in more than a decade and forecast a 25- percent drop in capital spending from 2015 levels. Brent oil and U.S. crude fell as hopes faded for a deal between OPEC and Russia on output cuts. "The fact that slashed capex so much is an indication that another oil company is...

  • *Shares in New York, Milan fall to record lows. Ferrari's New York- listed shares fell more than 14 percent to their lowest since the maker of red cars with the prancing horse logo was listed on Wall Street last October. On a conference call with analysts, the company said it expects this year's growth to come primarily from the United States and Europe, its two main...

  • *Q4 earnings/shr 93 cents vs est 70 cents. *Shares up as much as 4 pct at $44.46. Activist investor Daniel Loeb of hedge fund Third Point has been calling for the removal of Liveris from the merged company.

  • *Alphabet surpasses Apple as most valuable US company. Feb 2- Wall Street opened lower on Tuesday as falling oil prices weighed on energy shares. Oil prices were down 5 percent as hopes for a deal between OPEC and Russia on output cuts faded with Goldman Sachs saying it was "highly unlikely."

  • Pfizer, which plans to buy Botox maker Allergan Inc later this year in a $160 billion deal, said it expected earnings of $2.20 to $2.30 per share in 2016. That would not be much different from $2.20 reported for 2015 and below Wall Street forecasts of $2.36. Pfizer forecast 2016 revenue of $49 billion to $51 billion, up from $48.9 billion in 2015 but shy of Wall Street...

  • The Miami, Florida- based company said it expects first-quarter adjusted earnings of about 30 cents per share, missing the average analyst expectation of 46 cents, according to Thomson Reuters I/B/E/S. The operator of cruise lines such as Royal Caribbean International and Celebrity Cruises said costs related to its expansion in China and the launch of new...

  • *3rd qtr sales of $1.40 bln vs est. Sees 2016 revenue of $4.65 bln. Shares of the handbag and accessories maker jumped 16 percent to $46.80 in premarket trading on Tuesday.