Sarah Tong, Senior Research Fellow, East Asian Institute at the National University of Singapore, discusses Chinese President Xi's visit to India and explains what it means for bilateral trade.» Read More
We love talking about how stressful work is, as if our ancestors weren't wondering if they had enough food for winter.
April 17- Barnes& Noble Inc Chairman Leonard Riggio, the bookseller's founder and largest shareholder, cut his stake in the company to 20 percent by selling shares worth about $64 million. Barnes& Noble's shares fell as much as 10 percent to $16.80 in early trading on Thursday.
April 17- Teva Pharmaceutical Industries Ltd said it settled a patent litigation with Pfizer Inc, allowing the Israeli drugmaker to launch a generic version of Pfizer's blockbuster pain medication, Celebrex, in December. Celebrex's basic chemical patent expires on May 30.
April 17- DuPont, which is making a big push into the agriculture market, reported a steeper-than-expected 3 percent fall in quarterly revenue as severe winter in North America delayed the planting of crops.
*First-quarter EPS $2.64 vs est. *Sales rise 24.4 pct to $904.2 mln; same-restaurant sales rise 13.4 pct. April 17- Chipotle Mexican Grill Inc raised its full-year sales forecast after reporting better-than-expected quarterly revenue as sales surged at established restaurants.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported a profit that beat analysts' estimates for the tenth straight quarter, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.
April 17- Goldman Sachs Group Inc reported an 11 percent drop in first-quarter profit on Thursday as client activity remained constrained and fixed-income revenue shrank. The Wall Street bank said its net income fell to $1.95 billion, or $4.02 per share, in the first three months of the year from $2.19 billion, or $4.29 per share, in the same period of 2013..
April 17- Goldman Sachs Group Inc reported an 11 percent drop in first-quarter profit as client activity remained constrained and fixed-income revenue shrank. The Wall Street bank said on Thursday its net income fell to $1.95 billion, or $4.02 per share, in the first three months of the year from $2.19 billion, or $4.29 per share, in the same period of 2013..
April 17- Chemtura Corp struck a deal to sell its agrichemicals business to rival Platform Specialty Products Corp for about $1 billion as it transforms itself into a pure-play industrial specialty chemical company.
April 17- Cereal maker Post Holdings Inc said it will buy egg and dairy producer and distributor Michael Foods Inc for $2.45 billion in its largest-ever deal.
*Initially planned to sell 20 mln ADSs at $17- $19 each. April 17- China's Weibo Corp, a Twitter- like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.
April 17- Diversified industrial products maker Dover Corp reported a 7 percent rise in quarterly revenue as sales rose across its energy, engineered systems and fluids businesses. The company's revenue rose to $1.89 billion from $1.76 billion, a year earlier.
April 17- DuPont reported a steeper-than-expected 3 percent fall in quarterly revenue as its agriculture business sold fewer seeds, herbicides and insecticides.
April 17- Mattel Inc, the world's largest toymaker, reported a net loss for the first quarter due to a fall in sales of its iconic Barbie dolls and Fisher-Price toys for preschoolers. Mattel said its sales in North America, which accounts for half of its total revenue, fell 2 percent.
April 17- Chemicals maker DuPont reported a 57 percent fall in first-quarter net income due to the sale of its performance coating business, which added almost $2 billion to earnings in the year-earlier quarter.
April 17- Mattel Inc, the world's largest toymaker, reported a net loss for the first quarter due to a fall in worldwide sales of its Barbie dolls and Fisher-Price toys. Mattel's sales in North America fell 2 percent in the quarter ended March 31. Mattel's worldwide sales fell 5 percent to $946.2 million.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported a slightly better-than-expected quarterly profit on strong growth in the Middle East and North America.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported nearly 33 percent rise in quarterly profit from continued operations. Net income from continuing operations rose to $1.59 billion, or $1.21 per share, in the first quarter ended March 31, from $1.20 billion, or 90 cents per share, a year earlier.
April 17- Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.
April 17- The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain "stress test" planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the company.