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  • July 28- Shares of Cummins Inc rose almost 4 percent after the diesel engine maker reported a rise in quarterly revenue, boosted by distributor acquisitions in North America and stronger demand in truck and bus markets. Cummins' revenue from North America jumped 12 percent in the quarter, while international sales fell by 6 percent, dragged lower by a weak...

  • UPDATE 2-Ally Financial says has overcome GM deal loss Tuesday, 28 Jul 2015 | 11:16 AM ET

    July 28- Ally Financial Inc, the largest U.S. auto lender, reported a better-than-expected quarterly profit and record U.S. auto sales boosted lending, making up for a loss of an exclusive leasing deal with General Motors Co. Shares of Ally were up 4.8 percent at $22.59 in morning trading on the New York Stock Exchange. The company has been trying to boost its market...

  • NEW YORK— SuperValu said Tuesday that it may spin off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies. Shares of SuperValu Inc. jumped more than 10 percent in late trading Tuesday. SuperValu Inc. has been getting smaller in recent years, selling its Albertsons, Jewel-Osco and other chains.

  • Shares in Atlanta- based United Parcel Service Inc rose more than 2 percent. Like main rival FedEx Corp, UPS is often seen as a bellwether of U.S. economic health. When reporting quarterly results in June, Memphis- based FedEx said lower fuel surcharges had cut into revenue.

  • July 28- Pfizer Inc reported better-than-expected quarterly profit and revenue, helped by strong demand for its pneumonia vaccine Prevnar 13 and sales of its breast cancer drug, Ibrance. The unit accounted for about 13 percent of Pfizer's total revenue. Pfizer's shares rose about 2 percent in premarket trading on Tuesday.

  • July 28- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and it reported a 22 percent rise in orders. Shares of D.R. Horton, which caters to people buying their first or second homes, rose 1.3 percent to $27.1 in premarket trading on Tuesday. D.R. Horton's orders rose to 10,398 homes in...

  • July 28- Canada's WestJet Airlines Ltd reported a 19 percent rise in quarterly profit, helped by lower fuel costs and addition of new routes. The company's net earnings rose to C $61.6 million, or 49 Canadian cents per share, in the quarter ended June 30 from C $51.8 million, or 40 Canadian cents per share, a year earlier. Calgary- based WestJet shares closed at C $22.67...

  • *Kering, Statoil up on encouraging company updates. LONDON, July 28- European shares bounced back on Tuesday, lifted by strong company results and news of acquisitions after falling in the previous five sessions on concerns over China's growth. RSA Insurance Group surged 11.3 percent after Zurich Insurance said it was weighing up a bid for the British group with...

  • European shares up, RSA and Melrose surge on M&A news Tuesday, 28 Jul 2015 | 3:16 AM ET

    LONDON, July 28- European shares bounced in early trading on Tuesday after falling in the previous five sessions, with some strong company results and mergers and acquisitions news supporting the market. RSA Insurance Group surged 12.9 percent after Zurich Insurance said it was weighing up a bid for the British group with a market capitalization of 4.4...

  • SHANGHAI, July 28- Chinese shares fell on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy. But despite those moves, aimed at bolstering the confidence of the ordinary investors who dominate China's equity markets, the CSI300 index...

  • *Asia drops after Monday's freefall in China shares. The dollar was under pressure as China jitters spurred flows into havens such as the yen, while commodities including oil and copper wilted amid fears of a collapse in demand from China. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent.

  • July 27- Baidu Inc's quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable and more competitive. Baidu's shares fell more than 8 percent in extended trading on Monday after the company's current-quarter revenue...

  • July 27- Baidu Inc, China's biggest Internet search company, forecast current quarter revenue that missed analysts' average estimate, sending its shares down more than 5 percent in extended trading. For the third quarter, Baidu forecast revenue of 18.17 billion yuan to 18.58 billion yuan, below analysts' average estimate of 18.79 billion yuan, according to...

  • Teva and Restaurant Brands are big market movers Monday, 27 Jul 2015 | 4:25 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Teva Pharmaceuticals Industries Ltd., up $10.15 to $72. Restaurant Brands International Inc., up $1.41 to $41.50.

  • NEW YORK— French drugmaker Sanofi said Monday it will pay up to $300 million to buy a thyroid cancer drug from British competitor AstraZeneca. Sanofi's Genzyme unit will pay $165 million for Caprelsa, and it agreed to make another $135 million in milestone payments based on regulatory development and sales targets. U.S.-traded shares of Sanofi fell 43 cents to...

  • Proposed SFX sale fails to draw competing offers Monday, 27 Jul 2015 | 12:45 PM ET

    NEW YORK— Electronic dance music promoter SFX Entertainment Inc. said Monday that it hasn't received any formal competing offers, putting the $490 million sale of the company to its CEO one step closer to closing. SFX shares fell 54 cents, or 14 percent, to close at $3.32 on Monday. In May, SFX announced plans to sell itself to its Chairman and CEO Robert Sillerman for...

  • US STOCKS-Wall St dips after China stocks tumble Monday, 27 Jul 2015 | 11:19 AM ET

    *Teva, Allergan jump after $40.5 bln deal. July 27- Wall Street began the week in the red on Monday and fell sharply on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years. Chinese ADRs including Alibaba, Baozun, Sohu.com and JD.com slid.

  • Delta Air to buy stake in China Eastern Airlines Monday, 27 Jul 2015 | 10:45 AM ET

    NEW YORK— Delta said it will pay $450 million to buy a stake in China Eastern Airlines as the Atlanta- based airline seeks to expand into China's fast-growing travel industry. And in April, Delta moved its operations in Shanghai's Pudong Airport to the same terminal as China Eastern and its subsidiary Shanghai Airlines. Shares of Delta Air Lines Inc. slipped 17...

  • *Teva, Allergan jump after $40.5 bln deal. July 27- Wall Street began the week in the red on Monday and fell sharply on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years. Chinese ADRs including Alibaba, Baozun, Sohu.com and JD.com slid.

  • NEW YORK, July 24- Amazon.com founder and Chief Executive Officer Jeff Bezos got a lot richer while he slept on Thursday night, after the company reported its quarterly earnings and its shares rose 20.1 percent. The shares, which had briefly hit a record high of $580.57 overnight, closed at $529.42. The stake held by Bezos would hold a market cap of about $48.6...