Urban Outfitters reported third-quarter results that fell short of expectations due to weak performance at its namesake brand.» Read More
Aug 6- IT services provider Cognizant Technology Solutions Corp said it expects full-year sales to grow at a slower pace than previously forecast, citing weakness at some clients and delays in booking revenue from some large deals.
MILAN, Aug 6- Shares in Fiat fell more than 8.5 percent on Wednesday to their lowest level this year, with traders citing concerns that investors who voted against the Italian carmaker's merger with Chrysler would exercise their right to sell the stock, potentially jeopardising the tie-up.
*Fate of Deutsche Telekom's U.S. business in suspense. FRANKFURT, Aug 6- Shares in Deutsche Telekom fell as much as 5 percent to a 16- week low on Wednesday after Sprint Corp dropped a bid to acquire the German company's U.S. business because of regulatory opposition.
U.S. giant Walgreen announced a near-£6 billion ($10.1 billion) deal to buy the remaining stake in U.K. drugstore chain Alliance Boots.
Aug 5- Media company Walt Disney Co's quarterly profit blew past Wall Street expectations, with a muscular performance from its "Captain America" movie, higher attendance at U.S. theme parks and brisk sales of merchandise tied to mega-hit "Frozen." Shares of Disney rose 15 cents in after-hours trading to $86.90 after closing at $86.75 on the New York Stock Exchange.
*2nd- qtr rev drops 7 pct $1.39 bln. *Sees 3rd- qtr earnings/share $0.35- $0.41. Aug 5- Motorola Solutions Inc, a maker of walkie-talkies and radio systems, forecast a drop in sales for the current quarter and reported a 7 percent fall in second-quarter revenue as sales declined in North America.
Aug 5- Cablevision Systems Corp's subscriber losses doubled in the second quarter from the previous quarter as it cut down on promotions, sending its shares down as much as 7.8 percent.
Aug 5- Discount retailer Dollar General Corp is considering a rival bid to Dollar Tree Inc' s $8.5 billion offer for Family Dollar Stores Inc, Bloomberg reported, citing people with knowledge of the matter. Dollar General shares were up 3 percent at $57.62 on the New York Stock Exchange on Tuesday.
LONDON/ MILAN, Aug 5- Shares in Fiat fell more than 4 percent on Tuesday, with three traders citing a Chinese press report about a competition probe targeting the Chinese operations of Chrysler, the U.S. carmaker wholly owned by Fiat.
Aug 5- Cablevision Systems Corp's subscriber losses doubled in the second quarter from the previous quarter as it cut down on promotions, sending its shares down as much as 6 percent.
Aug 5- Motorola Solutions Inc, a maker of walkie-talkies and radio systems, forecast a surprise drop in sales for the current quarter and reported lower-than-expected quarterly revenue and profit as sales declined in North America.
HONG KONG, Aug 5- Shares in WH Group Ltd, the world's biggest pork producer, are set to rise 9.7 percent in their Hong Kong trading debut on Tuesday as investors who weren't able to buy into the initial public offering jostle for a piece of the deal.
Aug 4- Shares of Tekmira Pharmaceuticals soared on Monday, only to slump on Nasdaq after a CNN report suggested another company was first in line to see its Ebola treatment used to treat an outbreak in Africa.
Aug 4- Shares of Tekmira Pharmaceuticals soared on Monday, only to slump after a CNN report suggested another company could be first to see its Ebola treatment used to treat an outbreak in Africa.
Aug 4- Michael Kors Holdings Ltd reported another quarter of blistering sales growth as demand for its handbags and watches surged in North America. Shares of the company, founded by fashion designer Michael Kors, were up 3.4 percent premarket on Monday after the company also raised its full-year revenue and profit outlook.
Aug 4- Michael Kors Holdings Ltd reported a 43 percent rise in quarterly revenue, helped by higher sales of handbags and watches in North America, sending its shares up 12 percent in premarket trading. The company's net income rose to $187.7 million, or 91 cents per share, in the first quarter ended June 28, from $124.9 million, or 61 cents per share, a year earlier.
Aug 1- Procter& Gamble Co, the world's largest household products maker, said it could sell about half of its brands in the next two years and cut jobs to revive sales growth and save costs, sending its shares up as much as 4.3 percent. Twenty-three of the brands have sales of between $1 billion and $10 billion. "Less will be much more," Chief Executive A.G. Lafley said.
Mobileye's shares jumped as much as 58 percent to a high of $39.40 on the New York Stock Exchange, valuing the Israeli company at about $8.4 billion. Mobileye's technology is already used in more than three million vehicles made by BMW AG, General Motors Co and electric car maker Tesla Motors Inc, among others.
*Core earnings $0.95/ shr vs est $0.91/ shr. Aug 1- Procter& Gamble Co, the world's largest household products maker, said it could sell about half of its brands in an effort to revive sales growth and cut costs, sending its shares up as much as 4 percent.
July 31- Shares of Mobileye NV, a maker of camera-based systems that help drivers avoid collisions, rose as much as 55 percent in their debut, valuing the company at about $8.2 billion. Mobileye's upsized initial public offering, the largest U.S. IPO by an Israeli company, raised about $889.7 million after shares were priced at $25, above the range of $21- $23 per share.