Reynolds American and Lorillard are agreeing a complex merger that will reshape Big Tobacco, bringing together the two biggest US operators.» Read More
BEIJING, April 14- China stocks fell on Monday, with financial shares losing 1.1 percent as investors locked in gains after last week's announcement that Hong Kong and China investors can buy shares in companies listed on each other's bourses.
BEIJING, April 14- Shares in Chongqing Changan Auto surged on Monday, touching their highest daily trading limit after the company reported robust earnings for 2013 and predicted strong net profit growth in the first quarter of this year. The earnings report, released on Saturday, showed preliminary 2013 net profit up 142.4 percent on year to 3.51 billion yuan.
April 11- Shares of Zoe's Kitchen Inc rose as much as 73 percent in their market debut, valuing the casual dining restaurant chain at more than $475 million. Zoe's Kitchen raised about $87.5 million from the offering, after its initial public offering of 5.83 million shares was priced at the upper-end of the expected price range.
NEW YORK, April 11- U.S. stocks opened lower on Friday after JPMorgan Chase& Co, the first of the major Wall Street banks to report results, posted earnings that were below expectations. Shares of the Dow component fell 3.7 percent to $55.29. The Nasdaq Composite Index was down 38.89 points, or 0.96 percent, at 4,015.22.
SHANGHAI, April 11- Hong Kong shares fell on Friday with H-shares down sharply, as new rules allowing mainland and Hong Kong investors to invest in each other's markets led to a sell-off in dual-listed shares previously trading at premium to their mainland counterparts.
April 10- Shares of auto-lender Ally Financial Inc fell as much as 4.1 percent in their market debut on Thursday, taking the shine off the biggest U.S. initial public offering so far this year as investor appetite for big stock offerings shows signs of waning.
April 10- IT services company iGate Corp said revenue would grow faster in the second half of the year, after it reported better-than-expected quarterly results due to customer additions and higher revenue from Europe and financial industry clients.
April 10- Shares of auto-lender Ally Financial Inc fell as much as 3 percent in their market debut on Thursday, taking the shine off the biggest U.S. Treasury, which sold 95 million shares at $25 each, the low end of the expected price range of $25- $28.
April 10- Shares of bailed out auto-lender Ally Financial Inc fell 3 percent in their market debut, valuing the company at about $11.7 billion in the biggest U.S. Detroit- based Ally's shares were trading at $24.25 shortly after the opening on the New York Stock Exchange.
April 10- Rite Aid Corp forecast 2015 earnings above analysts' estimate, after reporting a higher-than-expected quarterly profit due to strong pharmacy same-store sales, sending its shares up about 10 percent before the bell. Rite Aid estimated full-year earnings of 31- 42 cents per share and sales of $26 billion- $26.5 billion.
April 9- Constellation Brands Inc said it expects to spend upto $1.1 billion- almost double its previous forecast- to increase capacity at a Mexican brewery, hurting its full-year profit and cash flow forecasts and sending its shares down 5 percent.
La Quinta raised $650 million from the offering of 38.25 million shares, which priced slightly below the expected range at $17 per share. La Quinta's shares opened at $16.75 and touched a low of $16.65 on the New York Stock Exchange on Wednesday, valuing the company at $2.04 billion.
NEW YORK, April 9- U.S. stocks opened higher on Wednesday, putting the S&P 500 on track for a second straight advance, after Alcoa Inc reported adjusted profits that beat expectations. The Nasdaq Composite Index was up 20.37 points, or 0.50 percent, at 4,133.36. Shares of Alcoa rose 4.5 percent to $13.11.
SHANGHAI, April 9- China shares ended at a new 7- week high on Wednesday, as certain tech stocks outperformed but profit-taking in banking shares weighed on index performance. Industrial Bank Co Ltd slid 0.6 percent, while China Minsheng Banking Corp Ltd and Ping An Bank Co Ltd shed 1.1 percent and 0.8 percent, respectively.
*Amazon.com, Yahoo shares jump; investors buy Internet' bargains'. *Alcoa starts earnings season; shares up after results. The day's biggest gainers included Amazon.com Inc, up 2.9 percent at $327.07; Yahoo Inc, up 2.3 percent at $33.83; and LinkedIn Corp, up 5.9 percent at $169.10.
SHANGHAI, April 8- China shares closed at its highest in 7 weeks on Tuesday, driven by investor enthusiasm for banking shares after more details on a recently unveiled preferred share scheme were released over the weekend. Industrial Bank Co Ltd rose 8.0 percent, China Minsheng Banking Corp Ltd gained 4.8 percent and Ping An bank Co Ltd added 4.5 percent.
TOKYO, April 8- Shares in Takeda Pharmaceutical Co Ltd were down nearly 6 percent on Tuesday morning after Bloomberg news reported that a U.S. jury ordered it to pay $6 billion in punitive damages in a case claiming it hid cancer risks of its Actos diabetes drug. Takeda representatives could not immediately be reached for comment.
*Deal will also let Energen fund Permian basin drilling. *Energen shares up as much as 4 pct, Laclede falls as much as 3 pct. April 7- Energen Corp will sell its 150- year old natural gas utility Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash, helping it repay debt and fund drilling for oil and gas in the Permian basin.
*Bouygues, Iliad fall; Numericable spikes on SFR deal. LONDON, April 7- European equities retreated on Monday after a three-week rally, led down by French companies Iliad and Bouygues on expectations that a failed acquisition bid by Bouygues would hurt the earnings of both.
April 7- Vocus Inc, a provider of cloud-based marketing and public relations software, said it would be bought by private equity firm GTCR Valor Merger Sub Inc for about $446.5 million. Shares of Beltsville, Maryland- based Vocus rose 47 percent to $17.90 on the Nasdaq in early trading on Monday.