With Brazil, Russia, India, and China slowing, private equity firms are increasingly investing in other less-developed markets.» Read More
Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business, the court appointed administrator said on Wednesday.
The Wall Street Journal had earlier reported that Mt. Gox had given up plans to rebuild under bankruptcy protection and had asked a Tokyo court to allow it to be liquidated. Gox and revive it, has received backing from many creditors and hopes to convince the court to reconsider their rehabilitation proposal, the Wall Street Journal reported on Thursday.
April 17- High-speed trading firm Virtu Financial Inc has not set a date to go to market with its initial public offering at this time, according to a person familiar with the matter. Shares of KCG Holdings, a firm that engages in electronic market making practices similar to Virtu, are down 16.7 percent since the beginning of April.
April 17- Michaels Stores Inc, the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.
April 17- High-speed trading firm Virtu Financial Inc has indefinitely postponed its initial public offering plans, the Wall Street Journal reported, citing people familiar with the matter. The move comes as high-frequency trading is under intense scrutiny, following the release of author Michael Lewis' book "Flash Boys: A Wall Street Revolt".
Michaels Stores confirmed that there was a breach of certain systems that process payment cards at its stores and that of its unit, Aaron Brothers.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations.
April 17- Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks.
WASHINGTON, April 17- The United States has taken steps to release a $450 million installment of frozen Iranian funds following a report from the International Atomic Energy Agency verifying that Iran is living up to its part of a landmark nuclear pact with world powers, the U.S. State Department said on Thursday.
April 17- The U.S. Food and Drug Administration warned that a surgical procedure used to mince uterine fibroids and remove them through a tiny abdominal incision could spread cancer tissue beyond the uterus in women with undetected uterine cancer.
April 17- Chipotle Mexican Grill Inc on Thursday said it will increase menu prices for the first time in nearly three years, fueled by all-time high costs for steak as well increasingly expensive avocados and cheese.
April 17- Teva Pharmaceutical Industries Ltd signed a deal that allows the Israeli drugmaker to launch a generic version of Pfizer Inc's blockbuster painkiller Celebrex in December. "helps them to get through 2014 with a lot less competition," Morningstar analyst Damien Conover said.
April 17- Shares of Weibo Corp, the owner of a Chinese Twitter-like messaging service, rose as much as 14.6 percent in their U.S. debut, overcoming worries about the outlook for tech sector and concerns that censorship in China was affecting its user growth. That would make it the biggest internet company IPO since Facebook Inc's $16 billion IPO in 2012..
April 17- Shares of Weibo Corp, the owner of a Chinese Twitter-like messaging service, rose more than 11 percent in their U.S. debut, overcoming worries about the outlook for tech sector and concerns that censorship in China was affecting its user growth.
April 17- Diversified industrial products maker Dover Corp posted a higher-than-expected quarterly revenue as sales rose across its engineered systems and energy equipment businesses. Chief Executive Robert Livingston said in March that Dover was looking for acquisitions in the range of $500 million to $1 billion.
*Schlumberger first-quarter profit $1.21/ share vs est. *Baker Hughes first-quarter adjusted profit $0.84/ shr est. April 17- Oilfield services companies Schlumberger Ltd and Baker Hughes Inc reported better-than-expected quarterly profits and signaled an improvement in the North American market, driven by increased drilling in the Gulf of Mexico.
April 17- Shares of Sabre Corp, the airline ticketing technology provider that also owns online travel agency Travelocity, rose as much as 7 percent in their market debut after the company sold fewer shares than expected in its initial public offering and priced them below the targeted range.
April 17- Teva Pharmaceutical Industries Ltd said it settled a patent lawsuit with Pfizer Inc, allowing the Israeli drugmaker to launch a generic version of Pfizer's blockbuster painkiller Celebrex in December.
April 17- Barnes& Noble Inc Chairman Leonard Riggio, the bookseller's founder and largest shareholder, cut his stake in the company to 20 percent by selling shares worth about $64 million. Barnes& Noble's shares fell as much as 10 percent to $16.80 in early trading on Thursday.