Black money, the moniker for income that is shipped overseas in order to evade taxes, is something India is moving to make a thing of the past.» Read More
May 19- GoPro Inc, which makes wearable action cameras and accessories, filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock.
May 19- Ophthotech Corp said it granted the rights to market its experimental eye drug outside the United States to a unit of Novartis AG. Ophthotech's shares rose as much as 29 percent in trading after the bell. Ophthotech said Novartis would develop and market the technology such as a pre-filled syringe to deliver the injectable eye drug.
May 19- French advertising agency Publicis Groupe SA and Facebook Inc have struck a multi-year digital marketing deal worth hundreds of millions of dollars, according to a person familiar with the matter.
May 19- Teen apparel retailer Urban Outfitters Inc reported a quarterly profit below market expectations as costs jumped and tough competition forced the retailer to spend more on marketing. Urban Outfitters shares fell 3.5 percent after the bell on Monday.
May 19- Ophthotech Corp said it granted the rights to market its experimental eye drug outside the United States to a unit of Novartis AG. Ophthotech said it could receive immediate payments including upfront fees of $200 million and milestone payments of $130 million.
May 19- Teen apparel retailer Urban Outfitters Inc reported a 20 percent fall in its quarterly profit as costs jumped. Urban Outfitters shares fell 3 percent in extended trading on Monday. Net income fell to $37.5 million, or 26 cents per share, for the first quarter ended April 30 from $47.1 million, or 32 cents per share, a year earlier.
India's stock markets have climbed 15 percent so far this year. Will Narendra Modi push them higher?
May 19- InterMune Inc shares jumped as much as 15 percent on Monday, after the biotechnology company said it would resubmit for U.S. approval its drug to treat a fatal lung disease after it was successful in a late-stage study.
*Third-qtr sales $1.97 bln vs est. May 19- Campbell Soup Co, the world's largest soup maker, cut its full-year sales forecast as the competition in the cheap-and-easy meals category shows no sign of cooling. "So, consumers have the option- rather than buying soup they might go out and get frozen pizza or mac and cheese," Morningstar analyst Erin Lash said.
May 19- Campbell Soup Co, the world's largest soup maker, cut its full-year sales forecast after posting weaker-than-expected quarterly sales as increased promotions failed to boost its U.S. soup division. Shares of Campbell, which also makes Prego pasta sauces and Pepperidge Farm cookies, fell 5.4 percent in premarket trading.
May 19- Campbell Soup Co, the world's largest soup maker, posted weaker-than-expected quarterly sales as increased promotions failed to drive growth in its U.S. soup division. Campbell's shares fell 9.1 percent to $41 in premarket trading after the company also lowered its full-year sales growth forecast.
Maarten-Jan Bakkum, global emerging markets strategist at ING Investment Management, says a lot has already been priced into Indian assets but that the market still "has room to move."
Alan Higgins, U.K. CIO at Coutts, says Indian equities are expensive, but there could be potential upside if the new government implements the right reform.
Amitabh Dubey, director of India research at Trusted Sources, says India's new government led by Narendra Modi's BJP party need to focus on long-term reforms.
LAUNCESTON, Australia, May 19- Narendra Modi's crushing election win has given rise to hopes for an economic revival in India, but much will depend on whether he can replicate the electricity success of his home state.
Yashwant Sinha, Senior Leader of India's Bharatiya Janata Party, discusses the challenges ahead for the country's next finance minister.
Chetan Ahya, Chief Asia Economist at Morgan Stanley, explains his bullish calls for the Indian economy over the next few years.
Guy Stear, Head of Research, Asia at Société Générale, says dealing with India's federal system will be Narendra Modi's biggest challenge.
*Company valued at about $764 mln at day high of $10.76. May 16- U.S. online car shopping service TrueCar Inc, whose shares closed up 11 pct in their debut on the Nasdaq on Friday, has plans for expanding so consumers can compare prices on big-ticket items other than automobiles.
President Barack Obama is inviting India's next prime minister to visit Washington despite a previous US decision to deny him a visa in 2005.