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  • Shares of the sixth-largest U.S. retailer dropped 6.2 percent to $70.82, erasing their gains for 2016.. Target's sales declined from the previous quarter as well as from a year earlier, indicating a "significant slowdown in trade," said Neil Saunders, chief executive officer of research firm Conlumino. The company lowered its full-year profit forecast to...

  • BUENOS AIRES, Aug 17- Shares of Grupo Clarin, Argentina's biggest media conglomerate, rose on Wednesday after saying it plans to spin off its Cablevision subsidiary as the group prepares for growth and greater competition in the local cable TV sector. The creation of Cablevision Holding SA, announced late on Tuesday, is subject to approval by Clarin...

  • The company said it expected same-store sales to be flat to down 2 percent in the second half of the year and cut its full-year profit forecast to between $4.80 and $5.20 per share from a prior range of $5.20 to $5.40. The Minneapolis- based retailer's shares were down 4.9 percent at $71.80 in premarket trading. Net income attributable to the company fell nearly 10...

  • AMSTERDAM, Aug 17- Shares in Dutch semiconductor equipment supplier ASML Holding fell after remarks by an Intel official suggested the company may hold off on using ASML's newest tools in commercial production. Analysts said the comments by Mark Bohr, Intel's Director of Process Architecture and a familiar figure in the industry, were no cause for alarm, but...

  • Aug 17- Home improvement retailer Lowe's Cos Inc reported lower-than-expected quarterly sales and profit and cut its full-year earnings forecast, sending its shares down in premarket trading on Wednesday. Lowe's, whose shares were down 6.7 percent in premarket trading, earned $1.37 per share, excluding items, below the average analysts' estimate of $1.42,...

  • LONDON, Aug 17- European shares slipped on Wednesday, with Austrian brickmaker Wienerberger, brewer Carlsberg and UK insurer Admiral sliding after publishing results. Wienerberger was among the worst-performing stocks in Europe, falling 8.5 percent after warning of negative currency impacts from the weakening of sterling following Britain's decision...

  • Aug 17- Hong Kong shares slipped on Wednesday, as some investors took profits and shrugged off China's approval of a long-anticipated link to allow stock trading between Hong Kong and Shenzhen. Analysts said investors had fully expected the approval of the Hong Kong- Shenzhen connector scheme. Overall, we hold a positive outlook on the Hong Kong market as a whole, "...

  • Hong Kong-listed MMG Ltd. is turning its focus to copper production after closing its biggest zinc mine in early this year.

  • BEIJING— Global stocks were mixed Wednesday after Wall Street declined and China said it will give foreign investors more access to Chinese equities through Hong Kong. London's FTSE 100 declined 0.2 percent to 6,878.66. HONG KONG STOCK LINK: China's Cabinet approved an initiative that would give foreign investors more access to Chinese stocks by linking...

  • Chinese companies' days of treating global assets like an all-you-can-eat buffett may be over.

  • *2nd- qtr profit $0.84 vs est. Aug 16- TJX Cos Inc, operator of off-price retail chains T.J. Maxx and Marshalls, forecast a profit for full year that fell short of analyst estimates as costs rise due to higher wages and a strong dollar erodes revenue from outside the United States. TJX raised its profit forecast for the year ending January to $3.39- $3.43 per share, but...

  • *2nd- qtr profit $0.84 vs est. Aug 16- TJX Cos Inc, operator of off-price retail chains T.J. Maxx and Marshalls, forecast a profit for full year that fell short of analyst estimates as costs rise due to higher wages and a strong dollar erodes revenue from outside the United States. TJX raised its profit forecast for the year ending January to $3.39- $3.43 per share, but...

  • *Deal would create No.1 player with value above $60 billion. Aug 16- U.S. industrial gas supplier Praxair Inc is in early-stage talks to acquire German peer Linde AG and create a market leader with a value of more than $60 billion, a person familiar with the matter said, sending shares in Linde higher. Shares in Linde jumped 5 percent to an eight-month high at 146.30...

  • TAIPEI, Aug 16- Taiwan stocks fell on Tuesday, in line with other Asian markets, hit by decline in shares of heavyweights such as Taiwan Semiconductor Manufacturing Co. TSMC, the world's top contract chipmaker and Taiwan's most heavily-weighted stock, was off 1.7 percent. The Taiwan dollar firmed T $0.117 to T $31.253 per U.S. dollar.

  • NEW YORK— Shares of Hain Celestial plummeted Monday after the organic and natural foods maker said it's delaying the release of its fourth-quarter results while it evaluates its internal control over its financial reporting. The Lake Success, New York- based company says it's evaluating whether revenue associated with certain distributor concessions...

  • rise@ SAO PAULO, Aug 15- The Brazilian real strengthened on Monday after an official told Reuters there was not much the government could do to halt the currency's recent rally. Markets in Colombia, Argentina and Chile were closed due to local holidays. Shares of state-controlled Brazilian oil company Petróleo Brasileiro SA provided the biggest boost to...

  • WASHINGTON— The water treatment company Xylem is acquiring smart meter maker Sensus for $1.7 billion in cash as it pushes into emerging markets. Sensus is owned by investment funds affiliated with The Jordan Company and GS Capital Partners 2000. Shares of Xylem Inc. rose more than 3 percent in morning trading, to almost $50 a share.

  • NEW YORK— Mid-America Apartment Communities Inc. is buying rival real estate investment trust Post Properties in a deal worth about $3.9 billion. Using MAA's Friday closing price of $102.15, that would mean Post Properties shareholders would receive about $72.53 for each share they own. Shares of Atlanta- based Post Properties Inc. jumped more than 12...

  • *Q2 profit, revenue beat expectations. Aug 11- Chipmaker Nvidia Corp reported its fastest quarterly sales growth in nearly five years, powered by strong demand for the company's processors used in gaming computers and in data centers. Shares of the company, which also forecast current-quarter revenue above analysts' estimates, were up about 3 percent at $61.43...