Christoph Rubeli, Co-CEO of Partners Group, says the healthcare, education and e-commerce sectors in India offer long-term opportunities.» Read More
Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.
Sept 17- Department store operator Kohl's Corp said it is hiring more than 67,000 workers for the holiday selling season, about 34 percent more than what it recruited last season. The Menomonee Falls, Wisconsin- based retailer had hired about 50,000 seasonal employees for the 2013 holiday season.
Sept 17- Shares of United States Steel Corp rose as much 12 percent to a three-year high a day after the company said its loss-making Canadian arm would apply for relief from creditors and that it would drop plans to expand two of its U.S. facilities.
Sept 17- Bigger is better and Apple Inc has finally realized that and given iPhone users a product that may be low on novelty but high on improvements, reviewers wrote.
*DuPont shares up 4 pct. Sept 17- Activist investor Nelson Peltz's Trian Fund Management LP urged DuPont to separate its high-growth businesses from the more cyclical ones, blaming the company's conglomerate structure for its "underperformance."
Nucor said on Monday it would buy Gallatin Steel, the U.S. joint venture between ArcelorMittal and Gerdau, for $770 million to expand into flat-rolled steel market in the growing pipe and tube business. In the current quarter ending Sept. 30, Nucor also expects to gain from write down of assets and high levels of imports due to downward pressure on pricing.
CHICAGO, Sept 17- Package delivery company FedEx Corp should enjoy a record holiday peak season thanks to the continued rise of online consumer sales in the United States, company officials said on Wednesday.
Sept 17- Lennar Corp, the second largest U.S. homebuilder, reported a better-than-expected 47 percent jump in quarterly profit as it sold more homes at higher prices, and its shares rose as much as 6 percent in premarket trading.
Sept 17- Steelmaker Nucor Corp said it expects higher third-quarter profit, citing a rise in profitability from some steel products. The company forecast third-quarter profit of 70- 75 cents per share. It posted a profit of 46 cents per share for the third quarter last year.
Sept 17- Over the last several months there has been a' plateau and downward trend' in the use of Gilead Sciences Inc's controversial $1,000- a-pill hepatitis C treatment, Sovaldi, a CVS Health Corp analysis showed. The CVS Health Research Institute analyzed discontinuation rates for nearly 2,000 patients who filled prescriptions for Sovaldi since December.
Sept 17- General Mills Inc reported lower-than-expected quarterly profit and revenue as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.
Sept 17- FedEx Corp reported a better-than-expected 24 percent jump in quarterly profit as the world's No. 2 package delivery company benefited from higher shipment volume. The company's net income rose to $606 million, or $2. l0 per share, in the first quarter ended Aug. 31, from $489 million, or $1.53 per share, a year earlier.
Sept 17- Auxilium Pharmaceuticals Inc said it would not withdraw its offer to buy Canadian eye drug maker QLT Inc and adopted a poison pill, a day after receiving an unsolicited buyout offer from Endo International Plc.
The Federal Reserve has asked Credit Suisse to address problems relating to the bank's underwriting and sale of leveraged loans.
Sept 17- FedEx Corp reported a 24 percent rise in quarterly profit as the world's No. 2 package delivery company benefited from higher volumes in both its express and ground businesses. Net income rose to $606 million, or $2. l0 per share, in the first quarter ended Aug. 31 from $489 million, or $1.53 per share, a year earlier. Revenue increased 6 percent to $11.7 billion.
Sept 17- Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million.
Sept 17- Auxilium Pharmaceuticals Inc adopted a poison pill with a 15 percent trigger, a day after an unsolicited $2.2 billion buyout offer from Endo International Plc.
Sept 17- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reported a 25 percent fall in quarterly profit as sales fell for the fourth straight quarter and merchandising costs rose. The company's net income fell to $345.2 million, or 55 cents per share in the quarter ended Aug. 24, from $459.3 million, or 70 cents per share, a year earlier.
Sept 17- Lennar Corp, the second largest U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and its shares rose about 6 percent in premarket trading.
Sept 17- Gilead Sciences Inc said its experimental drug did not significantly improve how long patients with a type of pancreatic cancer lived without the disease worsening. Separately, the biotechnology company also licensed Sovaldi to seven India- based drugmakers that will sell far cheaper versions of the drug in 91 developing nations.