Kunal Bahl, CEO of Snapdeal, says the company is not selling to anyone after speculation that Alibaba is in talks to make an investment in the Indian company.» Read More
Any spinoff of the business, which consists of the company's e-commerce unit Enova International Inc, will create a publicly-traded online lending company with about $766 million in revenue as of Dec. 31, Cash America said in a statement. 1/ 8 ID: nBw13dhD4.
April 10- Biogen Idec Inc and Swedish Orphan Biovitrum said their experimental blood disorder drug was effective in maintaining low bleeding rates in children in a late-stage trial.
April 10- Goldcorp Inc, the world's second-biggest gold miner by market value, said on Thursday that it raised its offer to buy Osisko Mining Corp to about C $3.6 billion.
April 10- Farm equipment retailer Titan Machinery Inc reported a 10 percent drop in quarterly revenue and said it would reduce its workforce at its construction business by about 12 percent. Revenue fell to $708.6 million in the fourth quarter ended Jan. 31 from $784.5 million a year earlier.
April 10- Outsourcing company iGate Corp reported better-than-expected results for the first quarter, helped by customer additions and contract wins. Net income attributable to common shareholders was $23.3 million, or 29 cents per share, in the quarter ended March 31 compared with $27.1 million, or 34 cents per share, a year earlier.
April 10- Motorola Mobility has named Rick Osterloh as its chief operating officer, reporting to the Motorola Operating Board at Google Inc until its acquisition by Lenovo Group Ltd is completed. Lenovo agreed to buy Google's Motorola handset division for $2.91 billion in January, in what was China's largest-ever tech deal.
April 10- Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspaper.
April 9- Apple Inc's Greg Christie, who led the company's "human interface" team that designs software for its products, is leaving the company, the Wall Street Journal reported, citing an internal email. Apple did not immediately respond to an email from Reuters seeking comment.
It will be weeks before results are in for India's national elections, but investors have already picked their favorite.
April 9- Ally Financial Inc's initial public offering has been priced at $25 per share, an underwriter said, valuing the bailed-out auto lender at about $12.04 billion. Ally's IPO is the biggest U.S. offering so far this year, eclipsing that of Santander Consumer USA Holdings Inc and IMS Health Holdings Inc..
April 9- Ally Financial Inc's initial public offering has been priced at $25 per share, an underwriter said, valuing the bailed-out auto lender at about $12.04 billion. The company previously said it expected to price its offering at between $25- $28 per share.
April 9- Procter& Gamble Co is selling the bulk of its pet food business to Mars Inc for $2.9 billion to focus more on its personal care and cleaning brands, the companies said on Wednesday. Its pet care brands already include Pedigree, Whiska, and Royal Canin, and this deal will boost its market share as it vies with Nestle SA in the pet food market.
April 9- Constellation Brands Inc said it expects to spend upto $1.1 billion- almost double its previous forecast- to increase capacity at a Mexican brewery, hurting its full-year profit and cash flow forecasts and sending its shares down 5 percent.
April 9- General Motors Co's Cadillac overtook Toyota Motor Corp's Lexus to emerge as the highest-ranked brand for customer satisfaction with dealer service, according to an annual survey by market research firm J.D. Power. Volkswagen AG's Audi jumped four places to take the second spot, which was occupied by Cadillac in the previous survey.
*Shares open at $16.75, below IPO price of $17. La Quinta's shares, which priced below the expected range at $17, fell as much as 4 percent in early trading before recovering their losses to trade slightly up.
All five of the emerging market BRICS countries face increased political risk in 2014, according to a new report.
April 9- Confectionary company Mars Inc said it would buy Procter& Gamble Co's pet food brands IAMS, Eukanuba and Natura in the United States and Latin America for $2.9 billion to beef up its pet food business.
La Quinta raised $650 million from the offering of 38.25 million shares, which priced slightly below the expected range at $17 per share. La Quinta's shares opened at $16.75 and touched a low of $16.65 on the New York Stock Exchange on Wednesday, valuing the company at $2.04 billion.
April 9- Confectionary company Mars Inc said it will buy Procter& Gamble Co's pet food brands Iams, Eukanuba and Natura for $2.9 billion in major markets to beef up its pet food business. Mars will buy the rights to the three brands in North America, Latin America and other regions excluding Europe.
EPS $3.95- $4.15 vs est $3.95. April 9- Constellation Brands Inc reported a better-than-expected quarterly profit, helped by strong sales of beers such as Corona and Modelo in the United States.