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  • June 20- Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers. Shares of Wal-Mart rose 26 cents, or 0.4 percent, to $71.21 in afternoon New York Stock Exchange...

  • SAO PAULO, June 20- Voting shares of Oi SA fell as much as 16 percent in early Monday trading as approaching deadlines for debt repayments added to fears that Brazil's most indebted phone carrier could default in the middle of a restructuring. Fitch Ratings cut Oi's long-term debt rating to "C" from "CCC" on Friday, warning the company's current capital structure "is...

  • June 20- Canadian business software maker OpenText Corp said it would buy HP Inc's customer management software business for $315 million. The business is expected to generate between $110 million and $125 million of annualized revenue and immediately add to earnings, OpenText said on Monday. OpenText's shares were up about 2 percent at C $76.64 in morning...

  • *Shares up 3.3 pct at $13.58 premarket. June 20- Oil and natgas producer Marathon Oil Corp said it agreed to buy PayRock Energy Holdings LLC for $888 million from venture capital firm EnCap Investments, boosting its presence in the Oklahoma basin. Last week, U.S. shale oil producer Devon Energy Corp said it would sell its Texas acreage to Pioneer Natural Resources...

  • NEW YORK, June 20- After dropping more than $200 billion in market capitalization in one year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes. When all is said and done, about $1.3 billion more will be sold in Apple Inc shares at the market close on Friday,...

  • June 20- Hong Kong stocks jumped nearly 2 percent on Monday, their biggest one-day gain in almost a month, as Asian markets rebounded on hopes Britain will decide to remain in the European Union. Most Hong Kong sectors rose, with financials and energy shares leading the gains. But Hong Kong- listed shares of Vanke lost nearly 3 percent, after China's biggest...

  • Facebook investors to vote on new class of shares

    Neil Campling, global head of TMT research at Nothern Trust Capital Markets, talks about the reasons for Facebook to create new "C" class of shares.

  • American and British flags

    A number of US companies are exposed to risks from a Brexit — for a variety of reasons. Here’s a breakdown.

  • Wang Sicong, son of Wang Jianlin who is the Chairman of the Dalian Wanda Group, takes aim at the ultra-luxury hotel sector.

    Wang Sicong, a Chinese billionaire's son, may be best known for buying Apple watches for his dog, but now he's opening a seven-star hotel in Shanghai.

  • Popular Chinese actress Fan Bingbing attends the maiden voyage press conference of Ovation of the Seas on April 12, 2016 in Beijing, China.

    Cruise ship operator Royal Caribbean docked the $1 billion Ovation of the Seas in Hong Kong Thursday in a bid to sail on the tourism trend.

  • SAN FRANCISCO, June 16- Shares of firearm makers rose on Thursday ahead of Smith& Wesson Holding's quarterly report, following volatility this week after a shooting attack that killed 49 people at a gay nightclub in Orlando. Gunmaker Sturm Ruger said in February it expects a lift in demand for its firearms if a Democrat wins the presidential election on Nov. 8 and...

  • Shares in the owner of chains such as Ralphs, Food 4 Less and Fred Meyer were up 1 percent to $36.06 in afternoon trading. Net income attributable to Kroger rose about 10 percent to $680 million, or 70 cents per share, in the first quarter. The Cincinnati- based company operates 2,778 retail food stores in a brutally competitive industry where its rivals include...

  • June 16- Hong Kong shares slumped more than 2 percent on Thursday as fears of a possible British exit from the European Union outweighed relief after the U.S. Index heavyweight Tencent Holdings Ltd fell 2 percent, with investors unimpressed by news that China's biggest social network and online entertainment company is making another big push into the...

  • LONDON, June 16- European stocks fell on Thursday, with regional equity indexes dropping towards their lowest level in nearly four months as concerns lingered over Britain's vote next week on its European Union membership. Shares in UBS and Credit Suisse fell more than 2 percent, after the Swiss National Bank said those two banks would likely each need to raise...

  • TOKYO, June 16- Asian stocks turned lower on Thursday and the yen surged after the Bank of Japan refrained from taking further stimulus steps, hours after the Federal Reserve's own review had struck a cautious note on its policy outlook. MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.8 percent after briefly rising in early trade.

  • *HMI shares rise by maximum daily limit in Taipei. June 16- Chipmaking equipment giant ASML Holdings NV has agreed to buy Taiwanese peer Hermes Microvision Inc for about T $100 billion in a deal to boost their firepower in high-tech services for semiconductor makers. The transaction, announced in a joint statement, comes as firms like Taiwan Semiconductor...

  • June 15- Envision Healthcare Holdings Inc and AmSurg Corp said they would merge in an all-stock deal to create a healthcare service provider with a proforma market value of about $10 billion. Envision shares fell 6.4 percent to $25.75 in extended trading, while AmSurg's stock rose 1.6 percent to $78.73. AmSurg Chief Executive Christopher Holden will lead the...

  • LONDON, June 15- European shares rose on Wednesday after a five-day losing streak caused by jitters over next week's British referendum on European Union membership, with Zodiac Aerospace surging after posting higher sales. The pan-European FTSEurofirst 300 index was 1.4 percent higher by 1435 GMT, as was the pan-European STOXX 600 index.

  • *Shares rise after five-day losing streak. LONDON, June 15- European shares rose early on Wednesday after a five-day losing streak caused by jitters about next week's British referendum on European Union membership, with Zodiac Aerospace surging after posting higher sales. Mining stocks were among the best performers, with Anglo American and Antofagasta up...

  • TOKYO, June 15- Asian shares dipped to near three-week lows while safehaven assets such as U.S. bonds and the yen were in demand on Wednesday on growing anxiety Britain will choose to leave the European Union next week. "There will be some disappointment over the MSCI decision at a time when China's economic fundamentals are not conducive to rallies in share...