EBay Chief Executive John Donahoe will get an exit package worth an estimated $23 million after the company splits from PayPal next year.» Read More
HONG KONG, July 21- Hong Kong shares sagged on Monday, though the Macau gambling sector regained momentum following losses last week stemming from a corruption probe and disappointing earnings. Galaxy Entertainment Group and Sands China were the standout winners on the Hang Seng, up 3.1 and 2.3 percent respectively.
July 18- Shares of Trupanion Inc rose as much as 15 percent in their market debut, valuing the pet insurer at $304 million, as investors bet on growing demand among pet owners to insure their cats and dogs.
The company raised about $71 million after pricing its initial public offering of 7.13 million shares at $10 per share, below the expected range of $13 and $15 per share.
MOSCOW, July 18- Moscow shares fell on Friday morning, extending losses from the previous session following the downing of a Malaysian passenger airliner in eastern Ukraine. The rouble-traded MICEX dropped 1.9 percent in the first minute after trading began and was down 1.6 percent at 1,417 points at 0603 GMT.
DETROIT, July 17- Shares of AutoNation Inc, the largest U.S. auto dealer group, fell as much as 8 percent on Thursday after its earnings missed analysts' expectations. Analyst Joseph Amaturo of the Buckingham Research Group said he was "unimpressed" with AutoNation's results and that the company was not expanding its share of the U.S. new-vehicle market.
HONG KONG, July 17- Hong Kong's benchmark index ended flat on Thursday, dampened by a weak Macau gaming sector and a retreat by Internet giant Tencent. Shares of Macau casino Sands China fell 1.2 percent after the company reported weaker-than-expected earnings.
MOSCOW, July 17- Moscow shares fell on Thursday after Washington imposed its toughest economic sanctions on Russia yet, sending shares in its largest oil producer Rosneft tumbling and hitting other energy, financial and defence firms.
MOSCOW, July 17- Moscow shares fell on Thursday following the announcement of new U.S. economic sanctions on Russia, sending shares in its largest oil producer Rosneft tumbling and hitting other energy, financial and defense firms. The rouble-traded MICEX dropped 2.5 percent in early trading.
*Spreadbetters expect lower opening for Europe. Spreadbetters expected European stock markets to follow suit, forecasting Britain's FTSE 100 would open as much as 0.25 percent lower, Germany's DAX down 0.15 percent and France's CAC 40 off 0.3 percent.
*Qualcomm has already placed orders with Samsung- newspapers. TAIPEI, July 17- Shares of Taiwan Semiconductor Manufacturing Co Ltd fell as much as 6 percent on Thursday after an analyst and Taiwanese media reported the likely loss of orders for next-generation chips from Apple Inc and Qualcomm Inc..
July 16- SanDisk Corp gave a current-quarter revenue forecast that was below Wall Street's estimate, warning that it would be unable to the meet the booming demand for solid-state drives and memory chips, and its shares fell 9 percent in extended trading.
July 16- Specialty mattress maker Select Comfort Corp's quarterly net sales and profit beat analysts' expectations as company-controlled same-store sales rose 7 percent. Select Comfort shares rose 16 percent in extended trading. This was the second straight quarter when Select Comfort beat erstimates after missing them five times in a row.
July 16- Specialty mattress maker Select Comfort Corp reported better-than-expected quarterly net sales and profit, helped by a 7 percent rise in company-controlled same-store sales, sending shares up 16 percent in extended trading.
*Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
NEW YORK, July 16- U.S. stock rose on Wednesday, led by tech shares after Intel's earnings and word of a partnership between IBM and Apple, while Time Warner Inc rallied on news it rebuffed a takeover attempt from Rupert Murdoch's Twenty-First Century Fox.
Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.
BUZZ-TIME WARNER INC: NYT SAYS 21 ST CENTURY FOX MAKES $80 BLN. **Media company's shares up 12.8 pct at $80.12. **The New York Times reports Rupert Murdoch's Twenty-First Century Fox Inc makes $80 billion takeover bid, which Time Warner rejects.
SAN FRANCISCO, July 15- Intel Corp forecast third-quarter revenue above Wall Street's expectations, signaling that a shrinking personal computer industry may be stabilizing. Intel said in a statement on Tuesday it expects third-quarter revenue of $14.4 billion, plus or minus $500 million.
NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotechnology shares as "substantially stretched." Wall Street equities were supported by bank stocks like JPMorgan Chase& Co, which outperformed following strong results.