Gold investors can at least count on one factor lending some support to prices this year—a stronger appetite for the metal in India during Diwali.» Read More
May 2- Twitter Inc's six-month lock-up period is set to expire on May 5, removing restrictions on the sale of about 470 million shares, or roughly 82 percent of its outstanding shares. Twitter's co-founders and an investor, together holding about 109 million shares, have said they would not sell their stake immediately after the expiry of the lock-up.
May 2- A major proxy advisory firm recommended shareholders vote against Goldman Sachs Group Inc's executive compensation plan and added that Morgan Stanley was also paying its top staff too much.
May 2- Security systems maker Tyco International said its board had approved a proposal to move the company's headquarters to Ireland from Switzerland, citing recent Swiss laws capping executive pay and tightening immigration rules.
May 2- LinkedIn Corp's full-year revenue forecast fell short of market expectations, prompting at least 14 brokerages to cut their price targets on the stock. Shares of LinkedIn, which connects professionals with prospective employers, trade at 84.6 times forward earnings.
TORONTO, May 2- News Corp said on Friday it would buy romance novel publisher Harlequin Enterprises Ltd from Canadian newspaper company Torstar Corp for C $455 million in cash in a move to boost its non-English book publishing.
May 2- Aircraft components maker Spirit AeroSystems Holdings Inc reported quarterly results way above analysts' estimates as its customers, Boeing Co and Airbus Group NV, boosted production to meet surging demand for large planes. Shares of Spirit Aero, spun off from Boeing in 2005, rose as much as 6 percent on Friday morning.
A consumer rights law firm said it filed a lawsuit against Google alleging the company "illegally monopolized" the Internet and mobile search market.
Ares' shares fell to a low of $18 in early trading on the New York Stock Exchange after being priced at $19, well below the expected range of $21- 23, in a turbulent IPO market. At the low, the company was valued at $3.8 billion and co-founder Tony Ressler's stake at about $1.16 billion.
May 2- LinkedIn Corp forecast 2014 revenue below Wall Street's expectations, prompting concerns of turning into another social network unable to sustain its rapid growth pace and leading a host of brokerages to cut their price targets on the stock.
May 2- TransCanada Corp, Canada's No.2 pipeline company and the backer of the Keystone XL pipeline, reported a 14 percent rise in adjusted quarterly profit as a severe winter boosted demand for its pipelines.
May 2- Estee Lauder Cos Inc, known for its Clinique and MAC brands, raised its earnings forecast for the full year, driven by the launch of new skin care and makeup products. Estee Lauder said it expects global prestige beauty, to which the company belongs, to grow about 3 to 4 percent in 2014..
May 2- Auto parts maker Visteon Corp said it would sell most of its automotive interiors business to private equity firm Cerberus Capital Management LP as it focuses on its fast-growing climate control and electronics operations.
*Earnings $1.07/ share vs $0.57 a year earlier. Boeing Co and Airbus Group NV expect aircraft demand to reach over $4 trillion over the next 20 years and have raised their production rate. The company's net income rose to $153.6 million, or $1.07 per share, in the first quarter ended April 3, from $81.2 million, or 57 cents per share, a year earlier.
May 2- News Corp said it would buy romance novel publisher Harlequin Enterprises Ltd from Canadian newspaper company Torstar Corp to boost its non-English book publishing. News Corp's HarperCollins book publishing unit will be the new home of Harlequin, a publisher of novels aimed at women with titles such as My Fair Billionaire and Expecting the CEO's Child.
May 2- Estee Lauder Cos Inc reported a better-than-expected third-quarter adjusted profit as demand for its skincare products and prestige beauty brands rose globally.
May 2- Aircraft component maker Spirit Aerosystems Holdings Inc's quarterly profit nearly doubled, partly helped by strong demand for large commercial aircraft. Net income rose to $153.6 million, or $1.07 per share, in the first quarter ended April 3, from $81.2 million, or 57 cents per share, a year earlier.
May 2- Canadian newspaper publisher Torstar Corp said it would sell romance novel business Harlequin Enterprises Ltd to News Corp for C $455 million in cash. News Corp will run Harlequin as a division of HarperCollins Publishers, Torstar said on Friday.
May 2- Auto parts maker Visteon Corp said it would sell a majority of its automotive interiors business to private equity firm Cerberus Capital Management LP. The sale price was not disclosed. The operations, which had revenue of about $1 billion in 2013, make products such as instrument and door panels.
May 2- Acorda Therapeutics Inc said the U.S. Food and Drug Administration rejected its nasal spray to treat epilepsy patients who experience repetitive seizures. The drugmaker did not disclose the reason for the rejection, but said it planned to resubmit the application for the treatment.
May 2- Consumer rights law firm Hagens Berman said it filed a nationwide antitrust class-action lawsuit against Google Inc alleging the company "illegally monopolized" the Internet and mobile search market in the United States. Google said Android and Google can be used independent of each other.