Manpreet Gill, Senior Investment Strategist at Standard Chartered, explains why he favors European equities.» Read More
March 26- Shares in King Digital Entertainment Plc fell as much as 15 percent in their Wednesday debut, underscoring concerns about the company's reliance on "Candy Crush Saga" and dashing hopes its coming-out party would revive investor interest in the mobile gaming industry.
TORONTO, March 26- BlackBerry Ltd has received a coveted security clearance that paves the way for U.S. government agencies to use its systems to manage and secure Android- and iOS-powered devices operating on their internal networks, the smartphone maker said on Wednesday.
The San Francisco- based company, famous for its denims, said it expected to generate annualized cost savings of $175 million- $200 million when it completed its streamlining plan.
March 26- Target Corp and Trustwave Holdings Inc, which provides credit card security services, have been sued by two banks for "monumental" losses they say card issuers will face because of the retailer's holiday season data breach. Target already faces dozen of lawsuits over the breach.
March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, underscoring concerns about the company's reliance on a single hit game. King's shares fell to a low of $19.08 from their IPO price of $22.50, valuing the company at about $6 billion.
March 26- Activist investor Barington Capital Group LP urged Darden Restaurants Inc to consider looking for a new chief executive, stepping up pressure on the restaurant operator to come up with ways to improve its performance.
March 26- BlackBerry Ltd said it received security clearance for U.S. government employees to use its enterprise software on their Android and Apple Inc smartphones and tablets. BlackBerry is trying to regain ground lost to Samsung Electronics Co Ltd and Apple, both of whom have the FIPS 140-2 certification.
March 26- GlaxoSmithKline Plc said some bottles of its weight-loss drug Alli bought in the United States had been tampered with and that the U.S. Food and Drug Administration was investigating. Consumers reported that some bottles bought in stores in seven states contained products other than the drug, the company said on Wednesday.
LONDON, March 26- Rupert Murdoch has brought eldest son Lachlan back into the leadership of his media empire and promoted younger son James, setting them up to succeed him when the 83- year-old tycoon finally steps down.
NEW DELHI, March 26- JSW Steel, India's No. 3 steel maker, said it expects imports of metallurgical coal to stay flat at 7-8 million tonnes in 2014/ 15, indicating its mills will continue to run below capacity due to soft demand and a shortage of iron ore.
March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, valuing the company at about $6 billion. London- based King raised about $500 million after its initial public offering was priced at $22.50 per share, the mid-point of the targeted price range.
March 26- Shares of Nord Anglia Education Inc rose as much as 12 percent in their U.S. market debut, valuing the Hong Kong- based school operator at about $1.7 billion. The company- which runs 27 schools in Southeast Asia, China, Europe, North America and the Middle East- sold all the 19 million shares in the offering.
March 26- Canadian fund manager AGF Management Ltd reported a 10 percent rise in quarterly profit as lower stock compensation expenses more than offset the impact of a decline in revenue.
March 26- BlackBerry Ltd said it received U.S. government security clearance for its solution that separates and secures work and personal data on mobile devices powered by Google Inc's Android platform and Apple Inc's iOS operating system.
March 26- Darden Restaurants Inc shareholder Barington Capital asked the company to find a new chief executive and appoint an independent chairman. The hedge fund and Starboard Value LLP have opposed Darden's plan to spin off its Red Lobster restaurant chain and have asked that the plan be put to a shareholder vote.
March 26- Canadian fund manager AGF Management Ltd reported a 10 percent rise in quarterly profit, helped by lower expenses. The company's net income from continuing operations rose to C $17.1 million, or 20 Canadian cents per share, in the first quarter ended Feb. 28 from C $15.6 million, or 17 Canadian cents per share, a year earlier.
March 26- Insmed Inc said its only experimental drug failed to meet the main goal of a mid-stage trial on patients with a form of bacterial lung infection, sending shares down 34 percent in premarket trade. Insmed compared the drug, in combination with a standard treatment, with a combination of placebo and the standard treatment.
March 26- Insmed Inc said its only experimental drug failed to meet the main goal of a mid-stage trial on patients with a form of bacterial lung infection. The company said the drug, Arikayce, did not reduce bacterial density, a measure of change in infection, in patients with nontuberculous mycobacterial lung infections.
March 26- Global Geophysical Services Inc, a provider of seismic data to oil and gas companies, filed for bankruptcy due to heavy debt and said it was seeking court approval for $60 million in debtor-in-possession financing. The company and some of its units made a Chapter 11 filing in the U.S. Bankruptcy Court in Corpus Christi, Texas.
March 26- Trustmark National Bank and Green Bank N.A. have sued security firm Trustwave for damages suffered from the holiday season data breach at Target Corp, accusing the company of failing to identify security gaps, the American Banker reported.