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 22- Shares of JD.com, China's second-largest e-commerce company after Alibaba Group Holding Ltd, rose as much as 17.2 percent in their market debut on Thursday, valuing the company at about $30.43 billion. JD.com' s offering of American Depositary Shares raised $1.78 billion after being priced at $19 each, above the expected range of $16 to $18.
*First quarter adj profit $0.33/ shr vs est $0.20. May 22- Best Buy Co Inc reported a better-than-expected quarterly profit, showing signs that Chief Executive Hubert Joly's turnaround efforts were progressing and sending the company's shares up as much as 8.5 percent in morning trading.
May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and estimated a 4 percent fall in new student enrollments in the first quarter, sending its shares down as much as 17 percent.
Shares of the company, which operates Sears department stores and the Kmart discount chain, fell 7 percent in premarket trading. The retailer operated 1,980 Sears and Kmart stores in the United States as of February.
*Sears Canada's shares marginally lower. Sears Canada's shares were little changed, but shares of Sears Holdings Corp, which said last week it was looking to sell its 51 percent stake in Sears Canada, fell as much as 4.7 percent.
May 21- Trina Solar Ltd forecast higher solar panel shipments for the second quarter, helped by improving demand from China, sending its shares up as much as 27 percent in morning trade.
HONG KONG, May 21- China shares rose on Wednesday, led by coal stocks after a news report said the National Development and Reform Commission plans to establish two or three national markets for coal trading. Datong Coal Industry Co climbed 9.9 percent and Houlinghe Opencut Coal Industry Corporation Ltd of Inner Mongolia gained 5.6 percent.
*Lowers top-end of profit outlook to $3.17/ share from $3.19. May 20- TJX Cos Inc, the owner of off-price chains TJ Maxx and Marshalls, cut the top-end of its full-year earnings outlook after reporting lower-than-expected comparable store sales due to weak demand for apparel.
*Credit Suisse up after tax settlement. LONDON, May 20- European shares inched lower on Tuesday, held back by Vodafone after the world's second-largest mobile network operator reported 6.6 billion pounds in impairment costs.
May 20- Staples Inc forecast a decline in sales in the current quarter as it struggles to win back shoppers who have shifted office supply purchases to e-retailers, mass merchants and drugstores.
Credit Suisse up after tax settlement. LONDON, May 20- The pan-European FTSEurofirst 300 index slipped on Tuesday as Vodafone, the world's second-largest mobile network operator, sank after reporting huge impairment costs.
China Mobile hits four-month high after Goldman upgrade. HONG KONG/ SHANGHAI, May 20- Hong Kong shares rose on Tuesday, helped by China Mobile after a broker upgrade pushed shares of the Chinese telecom giant to their highest since the start of 2014..
May 19- Teen apparel retailer Urban Outfitters Inc reported a quarterly profit below market expectations as costs jumped and tough competition forced the retailer to spend more on marketing. Urban Outfitters shares fell 3.5 percent after the bell on Monday.
May 19- Teen apparel retailer Urban Outfitters Inc reported a 20 percent fall in its quarterly profit as costs jumped. Urban Outfitters shares fell 3 percent in extended trading on Monday. Net income fell to $37.5 million, or 26 cents per share, for the first quarter ended April 30 from $47.1 million, or 32 cents per share, a year earlier.
Global companies paid out $228.4 billion in dividends in the first quarter this year, but Russian company dividends more than halved.
HONG KONG, May 19- Hong Kong H-shares finished lower on Monday, as Chinese bank stocks slide in line with those on the mainland in the wake of stiffer regulation of interbank lending and weak economic data. Weakness in consumer staples was a drag on Hong Kong's main index, with Belle International Holdings Ltd down 3.2 percent.
*Company valued at about $764 mln at day high of $10.76. May 16- U.S. online car shopping service TrueCar Inc, whose shares closed up 11 pct in their debut on the Nasdaq on Friday, has plans for expanding so consumers can compare prices on big-ticket items other than automobiles.
*Company valued at about $764 mln at the high of $10.76. May 16- Shares of TrueCar Inc, owner of car comparison website TrueCar.com, rose about 20 percent in their market debut, valuing the company at about $764 million.
May 16- Shares of TrueCar Inc, owner of car comparison website TrueCar.com, rose about 15 percent in their market debut, valuing the company at about $735 million. The company, which sold all the 7.78 million shares, raised about $70 million after its initial public offering was priced at $9 per share, well below the expected range of $12 to $14.
May 16- Shares of Jumei International Holding Ltd rose about 29 percent in their market debut, valuing the Chinese online cosmetics retailer at about $4.02 billion. The company, backed by venture-capital firm Sequoia Capital, had initially said 9.5 million ADSs would be sold and priced at $19.50- $21.50 per ADS in the IPO.