Ranbaxy Laboratories issued a recall of generic versions of the cholesterol drug Lipitor in the U.S. because of potential dosage issues, WSJ reported.» Read More
BEIJING/ HONG KONG, Feb 25- China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.
As China sees an ease in demand, India is where future growth will be for the smartphone industry, according to a new report. CNBC's Julia Wood reports.
Kelvin Tay, MD & Regional CIO, Southern APAC at UBS Wealth Management, explains why he thinks the outlook for emerging markets still remains lackluster.
Feb 24- U.S. solar installer SolarCity Corp delayed reporting its complete fourth quarter results and said it expects to install fewer panels in a seasonally weak first quarter due to cold weather, sending its shares down 6 percent after the bell.
Feb 24- U.S. solar installer SolarCity Corp said it expects to install fewer panels in the first quarter, sending its shares down 6 percent after the bell. SolarCity said in October that it would acquire Zep Solar, a maker of mounting systems for residential solar panels, for about $158 million in stock. SolarCity shares were at $75.25 after market close on Monday.
The announcement, coupled with a report that auto maker Ford Motor Co plans to base its next-generation Sync system on BlackBerry's QNX operating system and no longer use Microsoft's Windows platform, helped send shares of BlackBerry up 8 percent in midday trading. Shares of BlackBerry rose 8.4 percent to $9.91 on Nasdaq following the news on Monday.
*Raises offer to $63.50/ share from $57.50. Feb 24- Men's Wearhouse Inc pressed on with its bid for Jos. A. Bank Clothiers Inc, boosting its offer by more than 10 percent in spite of the smaller company's effort to stay independent by buying outdoor clothing retailer Eddie Bauer. Men's Wearhouse raised its cash tender offer to Jos.
Arjuna Mahendran, Emirates National Bank of Dubai talks about the politics of subsidies in emerging markets and how that is hurting the economies from within along with the Fed's tapering.
For more information on the FDA's Advisory Committee meetings, see: http://www.fda.gov/AdvisoryCommittees/Calendar/default. htm. LOCATION: College Park Holiday Inn, Ballroom, 10000 Baltimore Ave., College Park, Md..
Feb 21- Ariad Pharmaceuticals Inc, which has been struggling with safety concerns involving its only approved drug, said it agreed to add two directors backed by its second-largest investor Sarissa Capital Management to its board.
BEIJING/ NEW DELHI, Feb 21- Iran's top two oil customers China and India have boosted imports in January, taking in close to the total volume the Islamic republic is permitted to sell to all buyers following the recent easing of sanctions.
SINGAPORE, Feb 21- Global cocoa prices have rallied to 2-1/ 2- year highs on worries El Nino could return in 2014, while other agricultural commodity markets could also be hit by the spectre of the weather anomaly. El Nino means "boy" in Spanish and was first used by anchovy fishermen in Ecuador and Peru in the 19th century.
SINGAPORE, Feb 21- The El Nino weather pattern that can trigger drought in some parts of the world while causing flooding in others is increasingly likely to return this year, hitting production of key foods such as rice, wheat and sugar. A strong El Nino can wither crops in Australia, Southeast Asia, India and Africa when other parts of the globe such as the U.S.
To fix India's currency issues, Dominic Bunning, FX Strategist at HSBC, says the Reserve Bank of India (RBI) will need the government to step in with infrastructure and economic structural changes.
Feb 20- Daily deals website Groupon Inc forecast a surprise loss for the current quarter as it spends more on marketing, sending its shares down more than 13 percent in extended trading.
Feb 20- Facebook Inc's purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network's position as a leader in mobile.
Feb 20- Daily deals website Groupon Inc reported a 20 percent rise in quarterly revenue, helped by strong demand in its business that sells discounted products. Groupon's shares rose more than 13 percent in extended trading. The company's net loss slightly widened to $81.2 million, in the fourth quarter, from $81.1 million, a year earlier.
*Cuts 2015 earnings/share forecast to $3.40- $3.70 vs $3.80- $4.00. *Estimates fourth-quarter adjusted earnings/share $0.75- $0.80 vs est $0.93. Woodlands, Texas- based Conn's operates 79 stores in Texas, Louisiana, Arizona, Oklahoma and New Mexico, catering mainly to lower income shoppers.
*Cuts 2015 earnings/share forecast to $3.40- $3.70 vs $3.80- $4.00. Conn's operates 79 stores in Texas, Louisiana, Arizona, Oklahoma and New Mexico. For the year ending Jan. 31, 2015, Conn's forecast earnings of $3.40- $3.70 per share, down from a range of $3.80- $4.00 issued in December.
Feb 19- Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal that places the world's largest social network closer to the heart of mobile communications and may bring younger users into the fold.