The companies confirmed late on Sunday that they were discussing a takeover of Tim Hortons by Burger King.» Read More
For some corporate founders, the market's rally this year has meant a fortune. Who's gained the most?
July 2- Delta Air Lines Inc on Wednesday reported that unit revenue, an important measure, rose less than it had previously forecast for the month of June. In early May, a company executive had told a Bank of America Merrill Lynch conference that unit revenues for both May and June would likely rise in the 6 percent to 7 percent range.
July 2- Constellation Brands Inc reported higher-than-expected quarterly revenue and profit as its advertising campaigns boosted sales of Corona and Modelo beer brands in the summer, sending its shares up 7 percent premarket.
July 2- Railroad operator Greenbrier Cos Inc raised its full-year earnings forecast after reporting a better-than-expected quarterly profit, helped by increased deliveries. The company said it now expects adjusted full-year profit of $2.98- $3.08 per share, up from $2.45- $2.70 forecast earlier.
July 2- Constellation Brands Inc reported higher-than-expected quarterly revenue, helped by increased sales of its beer brands such as Corona and Modelo, sending its shares up 7 percent in premarket trading. The company's net income rose to $206.7 million, or $1.03 per share, in the first quarter ended May 31, from $52.9 million, or 27 cents per share, a year earlier.
*ING will earn gross proceeds of 1.5 bln euros. AMSTERDAM, July 2- Shares in NN Group, the insurance arm of Dutch financial services company ING Group, rose more than 5 percent on their stock market debut on Wednesday, in what was set to be Europe's largest stock flotation so far this year.
BUZZ-DICERNA PHARMACEUTICALS INC: PROMISING ANIMAL TRIAL DATA@** Drug developer's shares up 13 pct at $21.35. **Company presents positive preclinical data on its experimental liver disease drug. **The animal trials showed that Dicerna's drug blocked a gene that is found in patients with a rare inherited liver disorder called PH1.
BUZZ-BEBE STORES INC: EXPECTS SAME-STORE SALES TO FALL@** Women's fashion retailer's shares down 2 pct at. **Company said late Friday it expects same-store sales growth slowing down to low-single digit percentage this quarter. **Says to exit unprofitable "2 b bebe" affordable fashion business as part of cost cutting.
*DuPont drops after outlook cut. NEW YORK, June 27- U.S. stocks ended modestly higher on Friday, led by technology shares, though downbeat second-quarter and full-year forecasts from DuPont Co kept a lid on gains.
June 27- Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc.. Dollar General's shares fell as much as 8 percent and Family Dollar's as much as 4 percent in morning trading on Friday.
*Nike rallies after results; DuPont drops as outlook cut. Nike Inc rose 1.6 percent to $78.15 a day after its fourth-quarter earnings beat expectations. However, those gains were offset on the Dow index as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 4.3 percent to $64.81.
June 27- Dollar General Corp said Chief Executive Rick Dreiling would retire next year after about seven years at the helm, sending the discount retailer's shares down 7 percent.
*Nike rallies after results; DuPont cuts outlook, shares fall. Nike Inc rose 1.9 percent to $78.34 a day after fourth-quarter earnings beat expectations. However, those gains were offset on the Dow as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 2.9 percent to $65.73.
June 27- Shares of Michaels Cos Inc fell as much as 2 percent in their return to the market, valuing the biggest U.S. arts and crafts retailer at about $3.4 billion. The Irving, Texas- based company raised about $472.6 million after its offering of 27.8 million shares was priced at the low end of the expected $17- $19.
Japan's benchmark Nikkei fell 1.5 percent and regional markets, with the exception of Wellington and Mumbai, were posting losses. The MSCI's dollar-denominated index of Asia-Pacific shares outside Japan was down just 0.1 percent as slight gains in some regional currencies offset falls in share prices in local-currency terms.
June 26- Shares of GoPro Inc, a maker of cameras used by surfers, skydivers and other action junkies to record and post their exploits online, rose as much as 38 percent in their market debut. GoPro is the first U.S. consumer-electronics company to go public since headphones maker Skullcandy Inc in 2011..
June 26- Shares of GoPro Inc- which makes cameras used by surfers, skydivers and other action junkies to record and post their exploits online- rose as much as 26 percent in their market debut. GoPro's shares rose to a high of $30.19 in early Nasdaq trading, valuing the company that popularized action cameras for consumers at up to $3.7 billion.
*U.S.-listed shares of Barclays fall on fraud lawsuit. *GoPro to make Nasdaq debut after pricing IPO at top of range. NEW YORK, June 26- U.S. stocks fell on Thursday following comments from a top Federal Reserve official that interest rate increases should come sooner rather than later.
June 26- Shares of ServiceMaster Global Holdings Inc rose about 3.64 percent in their debut, valuing the owner of Terminix pest control and American Home Shield brands at about $2.25 billion. The company's IPO raised about $610.3 million after its offering was priced at $17, slightly below its expected price range of $18- $21 per share.
June 26- Auxilium Pharmaceuticals Inc would buy Canadian drugmaker QLT Inc in a deal valued at about $850 million to add QLT's experimental treatment for eye diseases caused by gene mutations. Auxilium shares were up 18 percent at $25 in premarket trade, while QLT's U.S.-listed shares rose 30 percent to $7.