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  • SHANGHAI, Feb 4- China shares rose for a second day on Wednesday, pushed up by energy stocks after Chinese nuclear power firms announced plans to merge in a bid to boost offshore clout. Shanghai Electric Power Corp Ltd said its parent company, China Power Investment Corp, had received approval to start work on a merger with State Nuclear Power Technology Corp.

  • Feb 3- Chipotle Mexican Grill Inc on Tuesday reported sales growth at established restaurants slowed in the fourth quarter and slightly missed Wall Street's estimate, sending shares down more than 6 percent in after-hours trade. Its stock trades at a rich valuation and is harshly punished when it fails to exceed Wall Street's lofty expectations.

  • Feb 3- Chipotle Mexican Grill Inc on Tuesday reported that the growth of sales at established restaurants decelerated from prior quarters and slightly missed Wall Street's estimate, sending shares down more than 6 percent in after-hours trade. It trades at a rich valuation and, as a result, is harshly punished when it fails to exceed Wall Street's lofty...

  • RIO DE JANEIRO, Feb 3- Petrobras shares jumped more than 15 percent on Tuesday, their biggest one-day jump in 16 years, after a local newspaper reported that Brazilian President Dilma Rousseff has decided to replace the chief executive officer of the embattled state-run oil company. The presidential press office denied the report in Folha de S.Paulo, but...

  • RIO DE JANEIRO, Feb 3- Shares of Brazil's state-run oil company Petrobras rose more than 15 percent on Tuesday, their biggest one-day jump in 16 years, after a local newspaper reported the country's President Dilma Rousseff has decided to replace the embattled company's chief executive officer. Rousseff's press office denied the report in Folha de S.Paulo, but...

  • Feb 3- U.S. diversified manufacturer Eaton Corp Plc posted higher-than-expected quarterly profit on Tuesday helped by higher margins, sending its shares up more than 8 percent. Eaton's fourth-quarter net profit attributable to shareholders leapt 21 percent to $581 million, or $1.23 a share, from a year earlier. Excluding items, operating earnings of $1.27 per...

  • Valeant in talks to buy Salix Pharma - Bloomberg Tuesday, 3 Feb 2015 | 1:01 PM ET

    Feb 3- Canadian drugmaker Valeant Pharmaceuticals International Inc is in talks to buy Salix Pharmaceuticals Ltd, Bloomberg reported, citing people with knowledge of the matter. British drugmaker Shire Plc is also interested in Salix, the report said, citing sources. U.S.-listed shares of Valeant were down about 3 percent at $157.43 on the New York Stock...

  • Feb 3- U.S. miner Arch Coal Inc said it expected costs in the Powder River Basin and Appalachian regions to fall this year, helped partly by lower diesel prices and easing railroad snarls, sending its shares up as much as 13 percent. Arch Coal and its rivals have been hurt by weak demand for thermal coal as utilities have switched to cheap and abundantly available...

  • RIO DE JANEIRO, Feb 3- Shares of state-run oil company Petrobras jumped more than 12 percent on Tuesday after a local newspaper reported Brazilian President Dilma Rousseff has decided to replace the embattled company's chief executive officer. Petroleo Brasileiro SA, as Petrobras is formally known, declined to comment. Police say they have uncovered a...

  • Feb 3- Activist investor Mick McGuire has urged Lear Corp's chief executive to split the company's car seat and electrical parts businesses into two publicly traded companies, CNBC reported, citing a person familiar with the matter. Lear's shares were up 4.9 percent at $107.81 in late morning trading on the New York Stock Exchange. McGuire's hedge fund, Marcato...

  • Feb 3- Eaton Corp Plc, a maker of electrical and hydraulics systems, said Tuesday lower costs helped its quarterly profit beat estimates, sending its shares up 8 percent in morning trading. Net profit attributable to shareholders leapt 21 percent to $581 million, or $1.23 a share, from a year earlier. Excluding items, operating earnings of $1.27 per share topped...

  • DETROIT, Feb 3- AutoNation Inc, the largest U.S. auto dealer group, on Tuesday posted a higher-than-expected quarterly profit due to strong profit margins from new and used vehicle sales, driving its shares up nearly 8 percent. AutoNation Chief Executive Officer Mike Jackson said in an interview that low gasoline prices of about $2 a gallon, generous financing...

  • RIO DE JANEIRO, Feb 3- Shares of Brazilian state-run oil company Petrobras jumped more than 8 percent on Tuesday after a local newspaper reported that President Dilma Rousseff decided to replace the embattled company's chief executive officer, Maria das Gra├žas Foster. Petroleo Brasileiro SA, as Petrobras is formally known, did not immediately respond to...

  • *Q4 revenue $1.28 bln vs. est $1.21 bln. Feb 2- Miner Cliffs Natural Resources Inc reported a 26 percent jump in quarterly iron-ore sales volumes and lower production costs in the United States as it continued to cut jobs and related expenses. Cliffs Natural Resources shares rose as much as 11 percent to $7.70 in after-market trading.

  • Feb 2- Ardelyx Inc said chronic kidney disease patients treated with its kidney drug experienced higher-than-expected levels of diarrhea in a mid-stage study. The drug, Tenapanor, being co-developed with AstraZeneca PLC, however, met the main goal of "significantly" reducing phosphate levels in patients who were on dialysis. Ardelyx licensed the drug to...

  • Feb 2- Lululemon Athletica Inc founder Chip Wilson, a sometimes controversial figure who helped build the Canadian yogawear retailer into an international success story, said on Monday he was resigning from the company's board. "I believe that now is the right time to step away," Wilson said in a statement. Shares in Lululemon fell 1.4 percent at $65.34 on the...

  • *Seiko Epson, Konica Minolta dive after earnings. TOKYO, Feb 2- Japanese share prices fell on Monday after economic data from the U.S. and China cast shadows on the global economic outlook, while shares in two printer manufacturers tumbled after their earnings disappointed investors. Printer maker Seiko Epson fell 10.6 percent and rival Konica Minolta dropped...

  • Jan 30- Shares of Spark Therapeutics Inc more than doubled in their debut, valuing the gene-therapy company at nearly $1.5 billion and underscoring investor's interest in the field that recently produced a million-dollar drug. The company's shares opened at $45.10 in their debut on Friday, nearly double their IPO price of $23, and soared to a high of $50 with...

  • AOL to lay off nearly 150, mostly in sales Friday, 30 Jan 2015 | 11:43 AM ET
    Tim Armstrong

    In an attempt to reorganize, AOL is expected to announce about 150 layoffs and website consolidation.

  • Jan 26- Mattel Inc removed Chief Executive Bryan Stockton after another disappointing holiday shopping season for the maker of the aging Barbie doll. On Monday, Mattel cited a strong dollar as a major factor behind a decline in revenue in the fourth quarter. Mattel's shares fell as much as 11 percent to a three-year low before recovering to trade down about 4...