The companies confirmed late on Sunday that they were discussing a takeover of Tim Hortons by Burger King.» Read More
Shares of oil and gas producer Pioneer Natural Resources Co and pipeline company Enterprise Products Partners LP rose after the companies received a private ruling from the U.S. Department of Commerce to export the condensate. Shares of Eagle Ford shale producers Rosetta Resources Inc and SM Energy Co were up more than 4 percent in afternoon trading.
The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources Co that lightly processed condensate would be eligible for export without a license.
BUZZ-ABBVIE INC AND SHIRE PLC: ABBVIE CEO DOES NOT RULE OUT. **AbbVie up 2.6 pct at $54.99, Shire's U.S.-listed shares up 2 pct at $228. **AbbVie CEO Richard Gonzalez did not rule out a hostile bid for Shire, which has spurned its $46 billion offer.
June 25- Monsanto Co reported a 6 percent drop in quarterly profit on Wednesday, but shares of the world's largest seed company climbed more than 5 percent as it raised the low end of its fiscal-year outlook and said it planned to double earnings over the next five years.
BUZZ-INSYS THERAPEUTICS INC: EPILEPSY DRUG GETS ORPHAN STATUS@** Specialty pharmaceutical company's shares up 5. pct at $30.45 after U.S. FDA granted orphan drug designation to its experimental epilepsy drug.
June 25- Monsanto Co reported a 6 percent drop in quarterly profit on Wednesday, but shares of the world's largest seed company rose as it raised its outlook for the year and said it planned to double earnings over the next five years.
June 25- Drug developer Aerie Pharmaceuticals Inc said its single-drop eye treatment was shown to be superior to each of its two components in a mid-stage trial, sending its shares up by about 24 percent in premarket trading. The drug, Roclatan, combines Aerie's other experimental glaucoma drug Rhopressa with the approved latanoprost.
HONG KONG, June 25- China shares ended lower on Wednesday, with losses led by financial counters as a wave of new initial public offerings continued to divert money from existing stocks.
*Syngenta declines to comment on report of Monsanto talks. ZURICH, June 24- Syngenta's shares jumped on Tuesday after a media report that the Swiss crop chemical maker had been in talks about a $40 billion takeover by U.S. rival Monsanto Co to create the world's largest agrochemical company.
*Syngenta declines to comment on report of Monsanto talks. ZURICH, June 24- Syngenta's shares jumped on Tuesday after a media report the Swiss crop chemicals maker had been in talks about a $40 billion takeover by U.S. rival Monsanto Co. to create the world's largest agrochemicals company.
MOSCOW, June 24- Russian shares leapt to a five-month high on Tuesday after President Vladimir Putin asked the upper house of parliament to revoke Russia's right to send troops to Ukraine, where pro-Russian separatists have been fighting troops loyal to Kiev.
*ParkerVision falls as much as 76 percent, plans appeal. June 23- A U.S. federal judge overturned a jury verdict that had required chipmaker Qualcomm Inc to pay ParkerVision Inc $173 million for infringing patents for technology used in smartphones. Shares of ParkerVision, which designs wireless chips, plunged as much as 76 percent on Monday.
*Euro zone business activity growth slows as France lags. NEW YORK, June 23- Global equity markets traded slightly lower and the dollar weakened against the yen on Monday after euro zone business activity for June showed growth slowing, with France a notable laggard, despite upbeat U.S. and Chinese economic data.
*ParkerVision falls as much as 76 percent, plans appeal. June 23- A federal judge in Florida has overturned a jury verdict that had ordered Qualcomm Inc to pay ParkerVision Inc $173 million for infringing patents for technology used in smartphones. Shares of ParkerVision plunged as much as 76 percent in morning trading on Monday.
TORONTO, June 23- Shares of Lululemon Athletica Inc rose on Monday after reports that founder Dennis "Chip" Wilson was considering options and pushing for changes at the yogawear retailer following an extended share slump.
*Oracle slides, CarMax soars after results. NEW YORK, June 20- U.S. stocks rose on Friday, driving the Dow and the S&P 500 to close at record highs as the shares of 330 companies hit 52- week highs on the New York Stock Exchange.
*Oracle slumps in premarket after results. *Carmax surges in premarket after earnings. *Oracle Corp shares were down 6.3 percent to $39.82 before the opening bell after it posted fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services.
PARIS, June 20- Shares in Euronext started trading at 19.40 euros on Friday, 3 percent below the price set for its initial public offering, signaling investor doubts about the financial market operator's prospects as stock trading volumes remain muted. "In this context, it's hard to get excited about Euronext's business, the potential growth is tiny.
*BofA, Barclays, Citigroup and Credit Suisse among lead underwriters. June 19- Shares of Markit Ltd rose as much as 12.5 percent in their market debut, valuing the financial data provider at $4.83 billion and raising about $1 billion for its 12 bank shareholders.
June 19- Drugstore operator Rite Aid Corp said higher drug costs and a fall in reimbursement rates would continue into the second quarter, sending it shares down 4.4 percent. Rite Aid's shares have been on a tear for most of the past year, until the company warned on first-quarter profit and cut its full-year earnings forecast earlier this month.