"The stock is correct in going higher" in response to the deal, says CNBC's Jim Cramer.» Read More
*DuPont drops after outlook cut. NEW YORK, June 27- U.S. stocks ended modestly higher on Friday, led by technology shares, though downbeat second-quarter and full-year forecasts from DuPont Co kept a lid on gains.
June 27- Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc.. Dollar General's shares fell as much as 8 percent and Family Dollar's as much as 4 percent in morning trading on Friday.
*Nike rallies after results; DuPont drops as outlook cut. Nike Inc rose 1.6 percent to $78.15 a day after its fourth-quarter earnings beat expectations. However, those gains were offset on the Dow index as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 4.3 percent to $64.81.
June 27- Dollar General Corp said Chief Executive Rick Dreiling would retire next year after about seven years at the helm, sending the discount retailer's shares down 7 percent.
*Nike rallies after results; DuPont cuts outlook, shares fall. Nike Inc rose 1.9 percent to $78.34 a day after fourth-quarter earnings beat expectations. However, those gains were offset on the Dow as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 2.9 percent to $65.73.
June 27- Shares of Michaels Cos Inc fell as much as 2 percent in their return to the market, valuing the biggest U.S. arts and crafts retailer at about $3.4 billion. The Irving, Texas- based company raised about $472.6 million after its offering of 27.8 million shares was priced at the low end of the expected $17- $19.
Japan's benchmark Nikkei fell 1.5 percent and regional markets, with the exception of Wellington and Mumbai, were posting losses. The MSCI's dollar-denominated index of Asia-Pacific shares outside Japan was down just 0.1 percent as slight gains in some regional currencies offset falls in share prices in local-currency terms.
June 26- Shares of GoPro Inc, a maker of cameras used by surfers, skydivers and other action junkies to record and post their exploits online, rose as much as 38 percent in their market debut. GoPro is the first U.S. consumer-electronics company to go public since headphones maker Skullcandy Inc in 2011..
June 26- Shares of GoPro Inc- which makes cameras used by surfers, skydivers and other action junkies to record and post their exploits online- rose as much as 26 percent in their market debut. GoPro's shares rose to a high of $30.19 in early Nasdaq trading, valuing the company that popularized action cameras for consumers at up to $3.7 billion.
*U.S.-listed shares of Barclays fall on fraud lawsuit. *GoPro to make Nasdaq debut after pricing IPO at top of range. NEW YORK, June 26- U.S. stocks fell on Thursday following comments from a top Federal Reserve official that interest rate increases should come sooner rather than later.
June 26- Shares of ServiceMaster Global Holdings Inc rose about 3.64 percent in their debut, valuing the owner of Terminix pest control and American Home Shield brands at about $2.25 billion. The company's IPO raised about $610.3 million after its offering was priced at $17, slightly below its expected price range of $18- $21 per share.
June 26- Auxilium Pharmaceuticals Inc would buy Canadian drugmaker QLT Inc in a deal valued at about $850 million to add QLT's experimental treatment for eye diseases caused by gene mutations. Auxilium shares were up 18 percent at $25 in premarket trade, while QLT's U.S.-listed shares rose 30 percent to $7.
*Markets put positive spin on startlingly weak US growth data. SYDNEY, June 26- Asian shares swung higher on Thursday as weak U.S. growth seemed to further delay the day when interest rates might rise, prompting investors to plow funds into riskier assets in a desperate search for returns.
*Monsanto rallies on outlook and stock-repurchase plans. *CBS shares jump after Supreme Court ruling. Shares of CBS jumped 6.2 percent to $62.48 after the U.S. Supreme Court ruled that online TV startup Aereo Inc violates copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet.
Shares of oil and gas producer Pioneer Natural Resources Co and pipeline company Enterprise Products Partners LP rose after the companies received a private ruling from the U.S. Department of Commerce to export the condensate. Shares of Eagle Ford shale producers Rosetta Resources Inc and SM Energy Co were up more than 4 percent in afternoon trading.
The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources Co that lightly processed condensate would be eligible for export without a license.
BUZZ-ABBVIE INC AND SHIRE PLC: ABBVIE CEO DOES NOT RULE OUT. **AbbVie up 2.6 pct at $54.99, Shire's U.S.-listed shares up 2 pct at $228. **AbbVie CEO Richard Gonzalez did not rule out a hostile bid for Shire, which has spurned its $46 billion offer.
June 25- Monsanto Co reported a 6 percent drop in quarterly profit on Wednesday, but shares of the world's largest seed company climbed more than 5 percent as it raised the low end of its fiscal-year outlook and said it planned to double earnings over the next five years.
BUZZ-INSYS THERAPEUTICS INC: EPILEPSY DRUG GETS ORPHAN STATUS@** Specialty pharmaceutical company's shares up 5. pct at $30.45 after U.S. FDA granted orphan drug designation to its experimental epilepsy drug.
June 25- Monsanto Co reported a 6 percent drop in quarterly profit on Wednesday, but shares of the world's largest seed company rose as it raised its outlook for the year and said it planned to double earnings over the next five years.