Hedge fund managers who focus on emerging markets have produced returns that are all over the map in 2014.» Read More
*Citigroup and J.P. Morgan underwriters to IPO. London- based VTTI listed Citigroup and J.P. Morgan as lead underwriters to its IPO.
June 19- VTTI Energy Partners LP, an oil and gas storage and terminal company, filed with U.S. regulators on Thursday to raise up to $420 million in an initial public offering of common units. VTTI is 50 percent owned by Switzerland- based oil trader Vitol. London- based VTTI Energy listed Citigroup and J.P. Morgan as lead underwriters to the IPO.
*Goldman Sachs, Morgan Stanley underwriters to IPO. The Israel- based company listed Goldman Sachs and Morgan Stanley as lead underwriters to the IPO, according to a regulatory filing. Mobileye's other top shareholders include Goldman Sachs Group Inc, Fidelity Investments, BlackRock, and Enterprise Holdings, the No 1 U.S. car rental company.
June 19- Drugstore operator Rite Aid Corp said higher drug costs and a fall in reimbursement rates would continue into the second quarter, sending it shares down 4.4 percent. Rite Aid's shares have been on a tear for most of the past year, until the company warned on first-quarter profit and cut its full-year earnings forecast earlier this month.
June 19- Mobileye N.V., which makes software and cameras that help cars avoid accidents, filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering. The Israel- based company listed Goldman Sachs and Morgan Stanley as lead underwriters to the IPO.
Upscale retailer Coach Inc said it would close about 70 stores in North America as it struggles against fast-growing rivals.
*Department of Education raises financial oversight. June 19- For-profit education provider Corinthian Colleges Inc said Its ability to continue as a going concern was in jeopardy after the U.S. Department of Education extended the waiting period to draw down federal student aid funds.
June 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, raised its full-year revenue forecast, helped by strong growth in subscription revenue. Shares of Red Hat rose 4.5 percent in extended trading. Red Hat cut its full-year adjusted profit forecast to $1.52- $1.54 per share from $1.54- $1.56.
June 19- Upscale retailer Coach Inc said it would close 70 underperforming stores and that it expected revenue to fall in low double digits in percentage terms for the year ending June 2015.
*John Luttrell named interim CEO. June 19- Clothing and accessories retailer American Apparel Inc ousted controversial founder Dov Charney as chairman effective immediately and moved to fire him as CEO and president following an ongoing investigation into alleged misconduct.
*BofA, Barclays, Citigroup and Credit Suisse among lead underwriters. June 19- Shares of Markit Ltd rose as much as 12.5 percent in their market debut, valuing the financial data provider at $4.83 billion and raising about $1 billion for its 12 bank shareholders.
June 19- Shares of Markit Ltd rose as much as 11.3 percent in market debut, valuing the financial information service provider at $4.78 billion and giving its bank shareholders a massive payday. All shares were offered by selling shareholders, which include Wall Street's biggest banks such as Bank of America Corp, Goldman Sachs Group Inc and JPMorgan Chase& Co.
June 19- Sport shoes maker Skechers USA Inc said it filed a lawsuit against larger rival Adidas AG's Reebok International Ltd, alleging infringement of patents related to the company's Go Walk shoes.
June 19- Corinthian Colleges Inc, a U.S. for-profit education provider, said it may not be able to continue as a going concern after the Department of Education delayed some reimbursements related to a student loan program.
June 19- Sport shoes maker Skechers USA Inc said it filed a lawsuit against Reebok International Ltd, alleging infringement of patents related to the company's Go Walk shoes. The suit, filed in the U.S. District Court for the Central District of California, seeks compensatory and punitive damages and injunctive relief, the company said in a statement.
June 19- Kroger Co, the biggest U.S. supermarket operator, raised its forecast for full-year adjusted profit and same-store sales growth, helped by its acquisition of grocer Harris Teeter Supermarkets Inc.. Kroger raised its adjusted profit forecast to $3.19- $3.27 per share for fiscal 2014 from $3.14- $3.25 per share.
June 19- Corinthian Colleges Inc, a U.S. for-profit education provider, said it may not be able to continue as a going concern after the Education Department delayed some reimbursements. The Education Department has increased the period in which Corinthian is refunded some disbursements to 21 days from 24-72 hours, Corinthian said in a regulatory filing.
June 19- Kroger Co, the biggest U.S. supermarket operator, reported a better-than-expected quarterly profit, helped by its acquisition of grocer Harris Teeter earlier this year. Shares of Kroger, which owns the Ralphs, Smith's and Food 4 Less chains, were up 4 percent at $49.25 in premarket trading.
June 19- Drugstore operator Rite Aid Corp's quarterly profit more than halved, hurt by higher-than-expected drug costs and a bigger-than-anticipated fall in reimbursement rates. Rite Aid said a delay in the expected fall in prices of generic medicines raised its drug costs.
June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. The deal will immediately add to the earnings of Midcoast Energy, which said it would finance it with debt.