NEW YORK— Wall Street is opening higher on the day Chinese e-commerce company Alibaba makes its big debut in the stock market. Alibaba begins trading later on the New York Stock Exchange under the ticker "BABA." The British pound weakened against the U.S. dollar after Scotland voted to remain in the United Kingdom.» Read More
*Alibaba IPO filing pressures Yahoo shares. Analysts at BGC Partners and Atlantic Equities told Reuters that Alibaba's valuation disappointed some Yahoo investors. That's why we see pressure on names like Google, Facebook and Amazon today, "said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
*Putin comments on Ukraine suggest easing tensions. *Gold prices decline, U.S. dollar index edges up. Equities were volatile throughout the day, with investors parsing comments from Russian President Vladimir Putin indicating a possible easing to the geopolitical concerns over Ukraine that have weighed on markets.
May 7- King Digital Entertainment Plc's stock plummeted about 15 percent on Wednesday as signs that the company may be losing steam overshadowed better-than-expected quarterly results from the maker of hit mobile game "Candy Crush Saga." King's shares dropped to $15.90 in afternoon trading.
NEW YORK, May 7- U.S. stocks mostly rose on Wednesday, bouncing off earlier lows after comments from Federal Reserve Chair Janet Yellen offered no surprises, but the Nasdaq fell for a second straight day, weighed down by declines in Internet-related shares.
May 7- Higher gas prices helped Chesapeake Energy Corp beat expectations with a big jump in quarterly profit Wednesday and the company hiked its production forecast for the year, sending its shares up more than 2 percent in midday trading.
*Putin comments on Ukraine may ease geopolitical tensions. *Gold prices decline, U.S. dollar index edges up. NEW YORK, May 7- Stock markets around the world were flat on Wednesday as investors digested comments from Russian President Vladimir Putin that indicated a possible easing to the geopolitical concerns over Ukraine that have recently weighed on markets.
*Whole Foods tumbles after earnings, outlook. Stocks such as Amazon.com Inc, down 1.9 percent at $291.50, Facebook Inc, down 2.3 percent at $57.17 and Google Inc, down 1.5 percent at $514.88, all weighed heavily on the Nasdaq, which has shed more than 2 percent over the past two sessions.
May 7- King Digital Entertainment Plc's stock plummeted about 10.5 percent on Wednesday, even as the maker of the popular mobile game "Candy Crush Saga" reported better-than-expected first-quarter results. The stock has not touched its IPO price of $22.50 since King went public on March 26.
*Soybeans weighed down by slowing demand, higher output. HAMBURG/ SINGAPORE, May 7- U.S. wheat dipped on Wednesday, taking a breather after climbing to its highest in 13 months as a relentless U.S. heat wave and turmoil in Ukraine threaten to reduce world supplies.
*MSCI index of Asia-Pacific shares ex Japan hit 1- mth low. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent after touching its lowest point since April 2.
*Tech subindex in Hong Kong reaches four-month low. *Hong Kong property down on local demand and worries on mainland. BEIJING, May 7- Hong Kong stocks fell on Wednesday as concerns on property and tech valuations hurt investor confidence after a U.S. tech sell-off triggered by a steep drop in Twitter's share-price.
*MSCI index of Asia-Pacific shares ex Japan hit 1- mth low. TOKYO, May 7- Asian shares fell to a one-month low and the safe-haven yen hovered just below a multi-month high against the dollar in early trade on Wednesday as the heightened possibility of Ukraine slipping into civil war dampened risk sentiment.
*Corn follows wheat up; slow U.S. planting pace lends support. Corn followed wheat higher but soybeans fell for a second straight session as large South American soy harvests eased concerns about tightening supplies of old-crop U.S. soybeans. At the Chicago Board of Trade, most-active July wheat settled up 10 cents at $7.39 a bushel.
NEW YORK, May 6- U.S. stocks fell broadly on Tuesday, closing at session lows, with AIG pulling financial shares lower after disappointing earnings and as a slide in Twitter took down other names in the technology and internet space.
NEW YORK, May 6- The 30- year bond and other long-maturity U.S. Treasuries rose on Tuesday in thin, meandering trade ahead of potentially market-moving congressional testimony by Federal Reserve Chair Janet Yellen.
Traders across the financial markets will be hyper-focused on Congressional testimony from Fed Chair Janet Yellen Wednesday.
*Office Depot to close 400 U.S. stores; shares up 17 pct. NEW YORK, May 6- U.S. stocks fell on Tuesday as AIG weighed on financial shares after disappointing earnings and a slide in Twitter took down other names in the technology and internet spaces.
*Corn follows wheat up; slow U.S. planting pace lends support. Corn followed wheat higher but soybeans fell for a second straight session as large South American soy harvests eased concerns about tightening supplies of old-crop U.S. soybeans. At the Chicago Board of Trade as of 12:35 p.m. CDT, most-active July wheat was up 12-1/ 2 cents at $7.41-1/ 2 a bushel.
*Tension continues between Russia, Ukraine. Investors continued to watch the ongoing unrest in Ukraine, where more than 30 pro-Russian separatists were killed in fighting near the east Ukraine rebel stronghold of Slaviansk, according to Interior Minister Arsen Avakov. Russia announced plans to beef up its Black Sea warship fleet.
Office Depot to close 400 U.S. stores; shares rally. NEW YORK, May 6- Wall Street edged lower on Tuesday, led by losses in financial stocks, while the technology sector was weighed by a selloff in shares of Twitter.