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  • Wal-Mart earnings miss estimates; company cuts outlook Tuesday, 18 Aug 2015 | 7:18 AM ET

    Aug 18- Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its full-year forecast, sending its shares down 2.6 percent in premarket trading on Tuesday. Net profit attributable to Wal-Mart fell to $3.48 billion, or $1.08 per share, in the second quarter ended July 31 from $4.1 billion, or $1.21 per share, a year earlier.

  • NEW YORK, Aug 17- U.S. stocks rose on Monday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media.

  • Aug 17- Cosmetics maker Estee Lauder Cos Inc reported lower-than-expected quarterly sales, hurt by less demand for Clinique and Estee Lauder skin care products and a stronger dollar. Shares of Estee Lauder, which also makes M.A.C and Bobbi Brown makeup products, fell 2 percent to $86.85 in premarket trading on Monday. Net income attributable to Estee Lauder...

  • New York- based Paulson& Co, led by longtime gold bull John Paulson, cut its stake in SPDR Gold Trust by 1 million shares to 9.2 million shares worth $1.04 billion in the quarter ending June 30, according to the 13 F-HR filing. Paulson& Co also cut its stake in AngloGold Ashanti Ltd, and left stakes unchanged in IAMGOLD Corp and NovaGold Resources Inc..

  • Aug 14- Activist investor Nelson Peltz's hedge fund, Trian Partners, has picked up a more than 7 percent stake in Sysco Corp for about $1.6 billion, calling the largest U.S. food distributor's shares "undervalued." Sysco's shares jumped 8.7 percent to a 20- month high of $41.87 in afternoon trading on Friday. Trian, which becomes Sysco's largest shareholder...

  • What former US buildings in Cuba look like now Friday, 14 Aug 2015 | 12:15 PM ET
    The U.S. embassy in Havana, Cuba on Aug. 12, 2015.

    More than 50 years ago, Cuba seized foreign-owned properties and put them under control of the state. Here's what they look like now.

  • Shake Shack options set for market debut on Friday Thursday, 13 Aug 2015 | 4:03 PM ET

    NEW YORK, Aug 13- Options contracts on shares of U.S. burger chain Shake Shack Inc will begin trading on Friday for the first time since the company's initial public offering early this year. Shake Shack's shares, which fell precipitously on Thursday, have been quite volatile since their market debut in January, trading between $38.64 and $96.75.

  • Aug 13- Shares of Houlihan Lokey Inc, which advised on the Enron Corp and Lehman Brothers Holdings Inc bankruptcies, rose as much as 10 pct percent in their market debut, valuing the boutique advisory firm at about $1.51 billion. The IPO raised $220.5 million for Houlihan Lokey's two biggest shareholders: ORIX USA, an arm of Japanese financial services company...

  • Aug 13- Shares of Houlihan Lokey Inc's rose as much as 8.7 pct percent to $22.82 on Thursday in their debut on the New York Stock Exchange, valuing the boutique advisory firm at about $1.49 billion. Houlihan Lokey's initial public offering was priced at $21 per Class A share and raised $220.5 million. The company has advised on some of the biggest ever bankruptcies...

  • 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...