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  • BEIJING, Aug 13- Analysts have cut their price targets for Alibaba Group Holding Ltd shares after the stock fell to a post-flotation low on Wednesday on weak earnings and concerns over China's economy. Alibaba's shares are now at $73.38, hovering just above their initial public offering price of $68. The challenge facing Alibaba is how to encourage shoppers to...

  • Aug 13- Electric-car maker Tesla Motors Inc said it planned to raise about $500 million through the sale of 2.1 million shares. Chief Executive Elon Musk will buy nearly 84,000 shares for about $20 million in the offering, the company said on Thursday. Tesla's shares were up 2.2 percent at $243.50 in premarket trading.

  • US authorities probe Dean Foods-Mickelson link: Report Wednesday, 12 Aug 2015 | 9:16 PM ET

    U.S. authorities are investigating whether the former chairman of Dean Foods leaked inside information that made its way to golfer Phil Mickelson, the WSJ reported.

  • Packer steps down at Crown amid Macau slump Wednesday, 12 Aug 2015 | 8:58 PM ET

    James Packer has stepped down as Crown chair, spooking investors after the casino operator said a fall in Macau earnings pushed FY net profit down 41 percent.

  • *Alibaba falls to all-time low after revenue growth slows. A cheaper yuan reduces the competitiveness of companies outside of China as it makes their goods and services more expensive, while reducing the value of revenue they generate in the country. Shares of U.S. automakers with a big exposure to China fell.

  • Best (and worst) companies for customer service Wednesday, 12 Aug 2015 | 12:49 PM ET
    Customer service

    Consumer Reports has found the Top Best Most wonderful companies for customer support and the least likable. CNBC's Jane Wells digs through the list.

  • Aug 11- Hong Kong stocks surrendered earlier gains and ended lower on Tuesday, weighed down by Chinese airlines and importers, sectors seen likely to be hurt by a weaker Chinese yuan currency. The Hang Seng index fell 0.1 percent, to 24,498.21, while the China Enterprises Index lost 0.2 percent, to 11,264.64 points. China Southern Airlines Co fell 18.1 percent,...

  • SHANGHAI, Aug 11- Chinese stocks ended mixed on Tuesday as the central bank's surprise decision to allow its currency to fall hit the shares of airlines and importers but boosted exporters as investors bet a weaker yuan would help their competitiveness. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.4 percent, to 4,066.67...

  • Aug 10- Web hosting company Rackspace Hosting Inc reported an 11 percent rise in quarterly revenue and raised its share buyback program to up to $1 billion, sending its shares up 5.2 percent in extended trading on Monday. Results for the quarter and the outlook "will be a footnote as the company announced a billion dollar incremental buyback and that will trump...

  • Aug 10- Hamburger chain Shake Shack Inc, known for its indulgent hormone- and antibiotic-free burgers and sides, on Monday reported better-than-expected quarterly profit and sales, sending its shares up 8.3 percent in after-hours trading. For the second quarter, Shake Shack's same restaurant sales included 16 domestic company-operated units- six of which...

  • Aug 10- Kraft Heinz Co, the packaged food company formed by the merger of ketchup maker H.J. Heinz Co and Kraft Foods Group Inc, said sales fell 4.9 percent at Kraft and 4.1 percent at ketchup maker Heinz in the last quarter before the merger was completed. Kraft Heinz shares declined 2.3 percent to $77.00 in after-hours trading. Kraft Heinz, whose brands include...

  • Aug 10- Twitter Inc interim Chief Executive Jack Dorsey joined other insiders in buying more shares in the company in a show of confidence in the stock, which traded at a record-low last week. The stock fell to a record low of $27.82 on Aug. 7- just shy of the IPO price of $26. Separately, director Peter Currie disclosed he had bought and 9,200 shares worth about $249,000...

  • UPDATE 1-Rackspace raises buyback to up to $1 bln Monday, 10 Aug 2015 | 5:04 PM ET

    Aug 10- Web hosting company Rackspace Hosting Inc reported a 11 percent rise in quarterly revenue and raised its share buyback program to up to $1 billion, sending its shares up 5.4 percent in extended trading on Monday. The company is facing tough price competition from Amazon.com Inc, Google Inc and Microsoft Corp for cloud services that includes online...

  • Aug 10- Hamburger chain Shake Shack Inc, known for its indulgent hormone- and antibiotic-free burgers, rich shakes and crinkle-cut french fries, on Monday reported better-than-expected quarterly profit and sales, sending its shares up 8 percent in after-hours trading. For the second quarter, Shake Shack's same restaurant sales included 16 domestic...

  • *Baxalta CEO says can get to Shire bid value on its own. LONDON, Aug 10- Shire Chief Executive Flemming Ornskov is stepping up his campaign to get Baxalta to the negotiating table as he pushes the benefits a $30 billion takeover offer to the U.S. biotech company's shareholders. Shares in Shire and Baxalta both rose on Monday, helped by a bullish note from Cowen analyst...

  • *Precision Castparts jumps after Berkshire deal. Buffett's Berkshire Hathaway said it would buy Precision Castparts in a deal valuing the company at $32.3 billion. Precision Castparts' shares jumped as much as 19.4 percent to $231.47, while Berkshire Class B shares dipped 0.2 percent to $143.27.

  • Nikkei rises on China gains; Topix hits 8-year high Monday, 10 Aug 2015 | 2:26 AM ET

    TOKYO, Aug 10- Japan's Nikkei share average edged up on Monday, as investors took confidence from gains in Shanghai's main index, shaking off fears over declining China exports revealed by data released at the weekend. The Nikkei average rose 0.4 percent to 20,808.69. Shares of telecoms company KDDI closed up 4.4 percent while Yokogawa Electric gained 6.3...

  • Saskatoon, Saskatchewan- based Potash Corp sent an unsolicited letter to K+ S's management and supervisory boards, K+ S said in a statement. Shares of Potash Corp eased in New York and Toronto, while K+ S stock climbed 1.4 percent in Frankfurt. Potash Corp has been pushing to talk with K+ S management despite the German company's initial rejection last month of the...

  • European shares slip as German data disappoints Friday, 7 Aug 2015 | 6:31 AM ET

    *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 7- European shares fell on Friday, weighed down by Germany's top share index after a surprising fall in industrial output, ahead of closely watched U.S. jobs data due later in the session. Germany's DAX fell 0.2 percent.

  • RCS Capital shares take wild ride amid reorganization Thursday, 6 Aug 2015 | 5:27 PM ET

    NEW YORK, Aug 6- Shares of RCS Capital Corp soared 18 percent on Thursday morning on speculation about a major announcement it planned to make and then tumbled 29 percent when the retail brokerage company said it lost $66.1 million in the second quarter, will sell a core business unit and is replacing its top management. To replenish its capital, RCS is raising $25...