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  • TOKYO, Feb 8- Asian shares dipped from four-month highs on Wednesday and the euro was pressured as lingering political and economic uncertainty in the United States and Europe sapped investor confidence. MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.2 percent, slipping further from Monday's four-month high.

  • LOS ANGELES, Feb 7- Yum China Holdings Inc, reporting for the first time as a standalone company, on Tuesday said its profit beat expectations for the fourth quarter despite just missing Wall Street's target for sales at established restaurants. Shares in the company, which operates 7,562 restaurants in China, were up 1.4 percent to $28.26 in thin after-hours...

  • TORONTO, Feb 7- Canada's main stock index rose on Tuesday, with gains among heavyweight financial stocks on talk of a U.S. interest rate hike in March offsetting losses for shares of energy companies as oil prices weighed. The Toronto Stock Exchange's S&P/TSX composite index settled up 41.86 points, or 0.27 percent, at 15,498.80. "We've got a broad-based rally but...

  • TORONTO, Feb 7- Canada's main stock index gained on Tuesday in a broad-based rally led by financial stocks, while shares of energy companies fell with lower oil prices. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 41.86 points, or 0.27 percent, at 15,498.80. The energy group, the only one of 10 sectors to fall, lost 0.9 percent.

  • DETROIT, Feb 7- General Motors Co said on Tuesday that fourth-quarter net income fell partly on the strength of the dollar against the British pound and forecast flat 2017 profit per share, sending shares tumbling nearly 5 percent. Shares in rival automakers Ford Motor Co and Fiat Chrysler Automobiles NV also sank. During a conference call, GM Chief Executive...

  • Shares of the company, which also cut its 2017 forecast for adjusted earnings from continuing operations, were up 3.8 percent at $78.88 in morning trading. Cardinal said profit from its medical unit rose by 50 percent to $159 million in the second quarter ended Dec. 31. The company cut its 2017 forecast for adjusted earnings from continuing operations for the...

  • TORONTO, Feb 7- Canada's main stock index rose on Tuesday, with gains among heavyweight financial stocks on talk of a U.S. interest rate hike in March offsetting losses for shares of energy companies as oil prices fell. At 10:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 45.69 points, or 0.3 percent, at 15,502.63. Philadelphia Federal...

  • LONDON, Feb 7- European shares rose on Tuesday pushing the benchmark STOXX 600 back slightly into positive territory for the year with some encouraging company updates and gains in healthcare stocks helping to counter weakness in oil majors and eurozone banks. Chipmaker AMS rose 13.6 percent, poised for its best-ever day following results while...

  • scrutiny@ SAO PAULO, Feb 6- Brazilian stocks fell on Monday, with shares of education companies Estácio Participações SA and Kroton Educacional SA slumping on regulatory scrutiny over a proposed tie-in. Common shares in Kroton and Estácio were the biggest decliners on Brazil's benchmark Bovespa stock index. Key Latin American stock indexes and...

  • Alibaba founder Jack Ma at the opening ceremony of the company's new headquarters in Melbourne on Feb 4, 2017

    Alibaba opened the doors to its latest overseas headquarters in Melbourne on Saturday, marking another chapter in the e-commerce giant's worldwide expansion.

  • SAO PAULO, Feb 3- Latin American currencies strengthened on Friday after U.S. wages remained nearly flat in January, reducing expectations of a fast interest rate-hike cycle in the coming months. Wages rose just three cents last month despite the largest gain in U.S. nonfarm payrolls in four months, a report showed. However, shares in mogul Carlos Slim's America...

  • Feb 3- Hudson's Bay Co has made a takeover approach for retailer Macy's Inc, which has struggled with a turnaround, people familiar with the matter said, as the owner of the Lord& Taylor and Saks Fifth Avenue chains tries to push further into the U.S. market. Shares of Macy's, which had a market value of about $9.4 billion as of Thursday's close, rose 7 percent to $32.81 in...

  • Feb 3- Amazon.com Inc's shares fell as much as 4.2 percent on Friday after the company missed Wall Street targets for its closely watched cloud computing business. Amazon competes with Microsoft Corp and Google-parent Alphabet Inc in cloud computing, and all three companies have been cutting prices to attract more customers who are moving to cloud for the...

  • Feb 3- Canadian department store operator Hudson's Bay Co has made a takeover approach to U.S. department store chain Macy's Inc, the Wall Street Journal reported, citing sources. Shares of Macy's, which had a market value of about $9.4 billion as of Thursday's close, were up 7.3 percent at $32.96. Shares of Hudson's Bay, which also owns the Saks Fifth Avenue store,...

  • The world's largest online retailer also reported lower-than-expected fourth-quarter revenue and missed Wall Street targets for its closely watched cloud computing unit, sending its shares down more than 4 percent in extended trading on Thursday. The Seattle- based company is spending heavily to take greater control of its delivery systems as well as...

  • *Shares hit 6- yr low of $76.86. Feb 2- Ralph Lauren Corp said Chief Executive Stefan Larsson, hired over a year ago to turn the company around, would step down following differences with founder Ralph Lauren over the direction of the luxury brand. The company's shares fell as much as 12 percent to a more than 6- year low of $76.86 in morning trading on Thursday.

  • *Shares hit 6- yr low of $76.86. Feb 2- Ralph Lauren Corp said Chief Executive Stefan Larsson, hired over a year ago to turn the company around, would step down following differences over the luxury brand's direction with founder Ralph Lauren. Shares of the company fell as much as 12 percent to a more than 6- year low of $76.86 in morning trading on Thursday.

  • Feb 2- Ralph Lauren Corp said Stefan Larsson, its chief executive for just over a year, will step down on May 1 following disagreements with chairman Ralph Lauren over the direction of the luxury fashion brand. Ralph Lauren's shares were down 8.7 percent to $79.80 in premarket trading on Thursday. Stefan Larsson, a former head of Gap Inc's Old Navy division, was...

  • LONDON, Feb 2- European equities fell on Thursday, with companies such as Germany's Deutsche Bank and Denmark's Novo Nordisk leading the broader market lower after their results failed to cheer investors. The European auto index, down 1.2 percent, was the biggest sector decliner as Mercedes maker Daimler fell 4 percent after its fourth-quarter results missed...

  • FRANKFURT, Feb 2- German prosecutors said on Thursday they were investigating how far merger talks between Deutsche Boerse and the London Stock Exchange had advanced by the time Boerse's chief executive bought 4.5 million euros worth of shares in his company. The Frankfurt prosecutor's office said it suspected that Kengeter already knew about the...