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  • *China official factory PMI falls to lowest since 2012. The Shanghai Composite Index eased 1.6 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen lost 1.4 percent. "The manufacturing sector will likely face a tough year ahead on the back of overcapacity, weakening global demand, and government's plans to tackle pollution,"...

  • Jan 29- Wall Street surged nearly 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a strong rally in technology shares. Japan's central bank cut a benchmark rate below zero to stimulate its economy, a surprise move that boosted global equities. Wall Street's rally follows four weeks of volatility that has left the S&P...

  • DALLAS— Chevron suffered its first money-losing quarter since 2002 in the final three months of last year, as plunging crude prices chopped more than one-third from its revenue. The company has sold off $11 billion worth of facilities such as pipelines over the past two years and hopes to raise up to $10 billion more with sales through 2017.

  • The company's shares fell 4.82 percent to $53.50 in premarket trading. The company posted a net profit of $1.52 billion, or 92 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $810 million, or 51 cents per share, a year earlier. Adjusted revenue rose to $6.36 billion, below the average analyst estimate of $6.39 billion.

  • LONDON, Jan 29- World shares jumped and the yen slumped on Friday after the Bank of Japan stunned markets by taking one of its main interest rates into negative territory, its boldest step yet to reinflate the economy. The yield on Japanese benchmark government bonds plunged to record lows after the central said it would charge 0.1 percent for excess reserves...

  • *Fanuc falls 12 pct, hit by weak demand in China. TOKYO, Jan 29- Japanese shares slipped on Friday as investors cautiously looked to whether the Bank of Japan will step up its stimulus later in the day. Policymakers now have the difficult decision of steering into the wind and taking decisive action amid global instability, or sticking to the program and risking...

  • TORONTO, Jan 28- Shares of Bombardier Inc, which closed below C $1 for the first time since 1991 on Wednesday, fell 10 percent further on Thursday as some funds dumped shares on fears that the train and plane maker may be ejected from Canada's main index. The stock closed 10 percent lower at 89 Canadian cents a share on the Toronto Stock Exchange, with investors...

  • Jan 28- Facebook Inc shares surged 15.5 percent on Thursday, their biggest percentage increase since July 2013, after the social networking service posted quarterly results that blew away expectations on every key measure. Facebook shares closed at $109.11, putting its market capitalization at about $308.6 billion. That would make it the fourth most...

  • TORONTO, Jan 28- Shares of Bombardier Inc, which closed below C $1 on Wednesday for the first time since 1991, fell further on Thursday as some funds dumped shares on fears of the train and plane maker being ejected from Canada's main index. The stock was down 11 percent at 88 Canadian cents a share in afternoon trading on the Toronto Stock Exchange, with investors...

  • WASHINGTON, Jan 28- Raytheon Co on Thursday reported better-than-expected fourth-quarter profit and forecast higher results for 2016, citing increasing demand from the Middle East, Asia and Europe for precision missiles and missile defense. Chief Executive Officer Tom Kennedy told analysts that lower oil prices were not hurting demand from the Middle...

  • Shares of Potash Corp, which also reported a lower-than-expected quarterly profit on Thursday, fell 3.9 percent in pre-market trading in New York. Potash prices have fallen sharply on pressure from bloated capacity, soft grain prices and weak currencies in major consumers such as India and Brazil. Saskatoon, Saskatchewan- based Potash Corp suspended...

  • Jan 28- EBay Inc's shares plunged 13 percent on Thursday, after a disappointing holiday-quarter performance and a weak forecast suggested that overwhelming competition from Amazon.com Inc was gutting the one-time Wall Street favorite. The stock fell to $23.01 in early trading, knocking off $4 billion from Ebay's market value. He cut his price target on the...

  • UPDATE 1-Alcoa wins Boeing supply agreement Thursday, 28 Jan 2016 | 9:07 AM ET

    Jan 28- U.S. aluminum producer Alcoa Inc said on Thursday it will supply aerospace parts to Boeing Co under a new long-term agreement, the latest in a series of contract wins. Shares of Alcoa were up 1.6 percent in premarket trading on Thursday. Alcoa has secured about $10 billion in aerospace contracts since the start of 2015, including the Boeing contracts.

  • MILAN, Jan 28- Concerns its updated business plan relies too heavily on a North American market near its peak sent shares in Fiat Chrysler Automobiles down more than 5 percent on Thursday. At 1145 GMT, Milan- listed Fiat Chrysler Automobiles shares were down 5.2 percent at 6.595 euros. FCA raised the financial targets of its turnaround plan on Wednesday, following...

  • Facebook shares jump 12 pct as mobile ads win big Thursday, 28 Jan 2016 | 6:40 AM ET

    The jump in shares was set to add nearly $33 billion to Facebook's market value, putting the company on track to re-enter the $300 billion club. Piper Jaffray was the most bullish, raising its target to $170 from $155. The median target on the stock is $140, suggesting that Facebook could add $129 billion in market value over the next 12 months.

  • *Oil stocks higher as crude steadies above $33. MILAN, Jan 28- European shares fell slightly in choppy trade on Thursday with losses limited by gains in oil stocks, while disappointing results from Roche weighed on the healthcare sector. Energy stocks were up 1.3 percent, making them the top sectoral gainer, as crude prices steadied above $33 per barrel, supported...

  • The world's biggest online social network bucked the trend of underwhelming tech results from Apple Inc and eBay Inc, in the face of economic turmoil in China and a strong U.S. dollar depressing the value of overseas sales. Facebook's service is not available in China but it sells ads there. "It's phenomenal at these levels that they're accelerating to that level...

  • UPDATE 2-EBay gives disappointing forecast, shares fall Wednesday, 27 Jan 2016 | 5:32 PM ET

    The company forecast full-year adjusted profit of $1.82- $1.87 per share and revenue of $8.5 billion- $8.8 billion. EBay's forecast for first-quarter adjusted profit of 43- 45 cents per share and revenue of $2.05 billion- $2.10 billion also missed analysts' average estimates. Online sales in the United States jumped a better-than-expected 9 percent to $105...

  • The median price target is $135, according to Reuters data. "Cook& Co have a few tough quarters ahead until we get to the buildup around iPhone 7 later this year, which is what bulls are focused on to turn this ship back into growth waters," FBR& Co analyst Daniel Ives said. Shares fell to $93.42, knocking off more than $36 billion from Apple's market value of about $554...

  • Jan 27- Apple Inc shares fell as much as 6 percent on Wednesday after the company reported its slowest-ever rise in iPhone shipments, with an uptick likely only after the expected launch of iPhone 7 in September. The March quarter is likely to be the weakest this year in terms of iPhone sales. Shares fell to $94.04, knocking off more than $20 billion from Apple's...