General Electric is reportedly in talks with Electrolux and Quirky to sell its household appliances unit, Bloomberg reported, citing people familiar with the matter.» Read More
May 30- Shares of Retrophin Inc jumped as much as 31 percent on Friday, a day after the drugmaker raised its full-year revenue forecast following a deal to market privately-held Mission Pharmacal Co's kidney drug in the United States.
*BNP slumps on report of possible $10 billion fine. LONDON, May 30- European shares fell on Friday, with BNP Paribas leading the market lower after a report saying the U.S. Justice Department was pushing the French bank to pay more than $10 billion to resolve a criminal probe.
May 29- Network equipment maker Infoblox Inc forecast a lower-than-expected profit for the current quarter and said its chief executive is stepping down, sending its shares down as much as 30 percent in extended trading. Infoblox said it now expected to break even or earn up to 2 cents per share on an adjusted basis for the quarter ending July.
*Expects 2nd- qtr revenue $92- $94 mln vs est $91.6 mln. May 29- Data analytics software maker Splunk Inc posted a bigger quarterly loss as the company spent more on hiring and product development, sending its shares down 9 percent in extended trading.
May 29- Network equipment maker Infoblox Inc forecast a lower than-expected profit for the current quarter after reporting a bigger loss in the third quarter, sending its shares down as much as 30 percent in extended trading. Infoblox also said Chief Executive Robert Thomas will step down once it finds a successor.
Apple's $3 billion acquisition of Beats is not a needle mover for the stock, but it makes sense, CNBC's Jim Cramer said.
*HK-listed Chinese insurers outperform after Morgan Stanley upgrade. *Pharmaceutical sector strong on China healthcare reforms. HONG KONG, May 29- Hong Kong shares rose on Thursday, lifted by Chinese insurers which posted strong gains after Morgan Stanley upgraded the sector.
May 28- Aspen Investment Fund, a shareholder of obesity drug maker Vivus Inc, said it was planning to offer to buy the company for $640 million. Aspen, which reported a 9.65 percent stake in Vivus on Wednesday, said it expects to submit its offer to the company by June 13. Vivus shares were up 6 percent at $4.95 in morning trading.
May 28- Michael Kors Holdings Ltd forecast first-quarter revenue above analysts' estimates, after reporting a 59 percent jump in fourth-quarter profit due to higher demand for its handbags and watches in North America, its biggest market. Shares of the company, founded by fashion designer Michael Kors, rose about 8 percent in premarket trading.
TOKYO, May 28- Japanese stocks rose for a fifth day on Wednesday as strong U.S. data buoyed market sentiment, but Mitsui Fudosan Co fell on news it would raise as much as $3.6 billion by issuing new shares. The benchmark Nikkei average ended 0.2 percent higher to 14,670.95. Mitsui Fudosan dropped 4.7 percent and was the second-most traded stock by turnover.
*Mitsui Fudosan dives on share issuance news. Real estate developer Mitsui Fudosan Co dived 7 percent and was the most traded stock by turnover on news it would raise as much as $3.6 billion by issuing new shares. Exporters were mixed, with Toyota Motor Corp rising 0.5 percent, while Honda Motor Co fell 1 percent and Nikon Corp dropped 0.7 percent.
LONDON, May 27- Shares in AstraZeneca fell 2.3 percent on Tuesday after U.S. drugmaker Pfizer said it would not make a formal bid to acquire its smaller British rival. Pfizer's decision- announced on Monday during a public holiday- had been widely expected after a rejection by AstraZeneca's board of its final offer of 55 pounds a share.
*Italy's FTSE MIB outperforms as Renzi wins EU vote. *London, New York closed for public holiday. LONDON, May 26- European equities rose on Monday, with Italy's FTSE MIB outperforming the regional stock market after voters endorsed Prime Minister Matteo Renzi's centre-left Democratic Party's reforms in European elections.
HONG KONG, May 26- Hong Kong shares finished flat on Monday, as weakness in energy counters offset strength in Chinese car makers. Leading H-share gainers were Great Wall Motor, which climbed 3.7 percent and Guangzhou Automobile Group, up 3.1 percent. PetroChina shed 0.6 percent after hitting six-month highs last week, while Sinopec Corp was off 1.0 percent.
HONG KONG, May 26- China shares rose on Monday, helped by advances for car makers after President Xi Jinping said developing energy-efficient vehicles is the only way to strengthen the country's auto industry. BYD Co Ltd, the top CSI300 boost, surged the maximum allowed 10 percent in Shenzhen, while SAIC Motor Corp Ltd gained 0.8 percent in Shanghai.
WASHINGTON, May 23- Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/ 2 year high, but economists said the market was still not clearly gaining steam.
May 23- Parsley Energy Inc's shares rose as much as 21.5 percent in their U.S. market debut, valuing the oil and natural gas producer at about $2.51 billion. The company's initial public offering raised $925 million after its upsized offering of 50 million Class A shares was priced $18.50 per share, slightly above the top end of its expected price range of $15- $18.
May 23- Parsley Energy Inc's shares rose as much as 21.5 percent in their U.S. market debut, valuing the oil and natural gas company at about $2.51 billion. The company's initial public offering raised $925 million after its upsized offering of 50 million Class A shares was priced $18.50 per share, slightly above the top end of its expected price range of $15- $18.
May 22- Shares of Chinese e-commerce firm JD.com soared almost 20 percent in their U.S. market debut as investors sought a piece of the country's booming online retail market, auguring well for Alibaba Group Holding Inc's hotly anticipated mega-float later this year.
May 22- Shares of Chinese e-commerce firm JD.com soared almost 20 percent in their market debut as investors sought a piece of China's booming online retail market, auguring well for Alibaba Group's hotly anticipated float later this year.