Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850m loan made to two oil and gas companies, the FT reports.» Read More
*Coal firms rise again after govt said studying policies to promote projects. HONG KONG, July 24- China shares jumped on Thursday, outshining Asian peers and pulling up Hong Kong, as more investors plowed money in on hopes for a coming change expected to make it much easier for foreigners to buy Shanghai stocks.
July 23- Tupperware Brands Corp, known for its colorful food containers, cut its full-year sales and profit forecast, citing lower sales in Europe. The company, whose shares fell as much as 11 percent, also reported lower-than-expected sales for the second quarter ended June 28 due to poor demand in Germany.
July 23- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a better-than-expected quarterly profit, as lower operating costs boosted margins. General Dynamics' shares rose 2.9 percent before the bell. General Dynamics said its total potential contract value, the sum of all backlog components, rose 29 percent to $99.5 billion.
SEATTLE, July 22- Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade.
July 22- Puma Biotechnology Inc said its experimental breast cancer drug met its main goal in a late-stage trial. Shares of the company, which doesn't have any drug in the market, tripled to $176.94 in extended trading.
July 22- Puma Biotechnology Inc said its experimental cancer drug met its main goal in a late-stage trial, sending its shares up about 186 percent in extended trading. The drug neratinib, codenamed PB272, is being studied as a potential adjuvant treatment for breast cancer. Shares of the company were had closed at $59.03 on the New York Stock Exchange on Tuesday.
*Q2 earnings $2.76/ share vs $2.64 a year earlier. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit on Tuesday and raised its full-year earnings forecast, sending its shares up more than 2 percent.
July 22- Health insurer Centene Corp reported a 24 percent jump in quarterly profit, beating market estimates for the sixth straight quarter, as member signups surged 23 percent. The company's shares rose as much as 8.5 percent to hit a life high of $81.98 on the New York Stock Exchange on Tuesday. Centene said it had 3.2 million members as of June 30.
*ARM Holdings surges after strong results. LONDON, July 22- European equities bounced back on Tuesday partly in response to signs of improved cooperation from Ukraine's pro-Russian rebels who have agreed to hand over the black boxes from the Malaysian plane downed in Ukraine last week.
July 21- Rent-to-own home furniture retailer Rent-A-Center Inc reduced its full-year forecast for revenue and profit, saying it expected demand to remain soft. Rent-A-Center Inc shares were down 2 percent in extended trading, after the company also reported second-quarter sales and profit in line with the lower-than-expected estimates it gave last week.
BUZZ-HASBRO INC: SALES MISS ANALYSTS' ESTIMATE@** Second-largest U.S. toymaker's shares down 3.7. **Q2 sales up 8.2 pct at $829.3 million, but miss analysts' average estimate of $839 million. **Net income falls by 2 cents to 26 cents/ share.
July 21- Network-gear maker Extreme Networks estimated fourth-quarter adjusted profit and revenue above analysts' expectations, helped mainly by new business in North America. Shares in Extreme Networks jumped 13 percent to $4.94 in premarket trading.
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.