Sears Holdings said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.» Read More
TOKYO, Oct 7- Shares of loss-making Japanese electronics company Sharp Corp slid to a near six-month low on Monday ahead of the pricing of a $1.5 billion share issue that some fear could wipe close to a third off the value of existing investors' holdings.
TOKYO, Oct 7- Shares of Japan Airlines Co rose 2.1 percent in early trade on Monday after sources said the company was close to sealing a multi-billion-dollar deal to buy EADS subsidiary Airbus's aircraft.
NEW YORK, Oct 4- Shares of Tweeter Home Entertainment Group surged on Friday as misguided investors apparently viewed the stock as an unbelievable opportunity to jump into the not yet publicly traded Twitter Inc..
HONG KONG, Oct 4- Hong Kong shares finished the week on a lackluster note, as investors took profit on the outperforming Macau casino sector and telecom counters dropped on uncertainty about Chinese pricing policy. The Hang Seng Index ended down 0.3 percent on Friday, at 23,138.5 points, and was also off 0.3 percent for the week.
*HSI -0.5 pct, H-shares -0.2 pct, China shut for holiday. *China telcos sink on pricing policy uncertainty. HONG KONG, Oct 4- Hong Kong shares slipped early Friday as investors took profit on the outperforming Macau casino sector and uncertainty about Chinese policy on pricing hit telecom counters.
LOS ANGELES, Oct 3- Shares of Clean Energy Fuels Corp fell 5.8 percent on Thursday after the company said it would distribute a renewable natural gas made from organic waste at some of its fueling stations, disappointing investors who had bid up the stock this week on the chief executive's Twitter promise of "big news."
LOS ANGELES, Oct 3- Shares of Clean Energy Fuels Corp fell 5.5 percent on Thursday after the company said it would distribute a renewable natural gas at some fueling stations, disappointing investors who had bid up the stock this week on the chief executive's Twitter promise of "big news."
Oct 3- Eli Lilly and Co, which is trying to rebound from painful patent expirations on its medicines, said on Thursday that it would have to cut costs to achieve its financial goals through 2014.. These "headwinds" will make it challenging for the company to meet its minimum revenue goal of $20 billion in 2014, Chief Financial Officer Derica Rice said.
A person familiar with the matter told Reuters that private equity group Cerberus Capital Management LP was considering an offer for BlackBerry, which put itself on the block in August after bleeding market share to other smartphone makers.
*Fourth company floated by Bain Capital this year. Oct 2- Burlington Stores Inc's shares rose nearly 50 percent after Bain Capital returned the discount apparel retailer to the stock market, tapping into the appeal of cheaper clothing in a tough economy.
Ailing smartphone maker BlackBerry has drawn interest of Cerberus, a private equity firm, according to reports Wednesday.
NEW YORK, Oct 2- Shares of Empire State Realty Trust Inc, the company that owns the Empire State Building, rose in their first day of trading on Wednesday. The other properties, which include office buildings and retail properties, are located in New York and Connecticut. Shares of SL Green Realty Corp, a well-established New York office REIT, were down 1.4 percent.
NEW YORK, Oct 2- Shares of Empire State Realty Trust Inc, the company that owns the Empire State Building, rose in their first day of trading on Wednesday. Shares of the real estate investment trust priced Tuesday evening at $13 a share, at the low end of the expected range, and opened only a hair higher at $13.05 on Wednesday.
Oct 2- Monsanto Co, the world's largest seed company, reported a deeper quarterly loss on Wednesday as seed sales slipped, and issued a forecast for 2014 below Wall Street forecasts.
The failure of Congress to agree on a bill that funds government operations meant up to one million workers were put on unpaid leave, as Democrats and Republicans fight over President Barack Obama's healthcare programme. But with the government shutdown, the news didn't have a big impact on Asia. The MSCI's broadest index of shares outside Japan up 0.4 percent.
Oct 1- Walgreen Co reported a much higher quarterly profit on Tuesday as it filled more prescriptions and enticed shoppers with offers and updated stores, and it said sales trends kept improving in September. Shares of Walgreen, the largest U.S. drugstore operator, were up 4.4 percent at $56.17 on the New York Stock Exchange after rising as high as $56.69.
Oct 1- Shares of molecular diagnostics company Myriad Genetics Inc jumped 13 percent in morning trading after the company said the proposed cut in Medicare reimbursement rates for one of its tests was the result of a clerical error.
Oct 1- Japan's Sumitomo Corp agreed to buy steel products maker Edgen Group Inc for about $520 million to expand its global distribution business. The offer of $12 per share represents a premium of 58 percent to Edgen stock's Monday closing price of $7.60. Edgen's shares were up 56 percent at $11.89 in Tuesday morning trading on the New York Stock Exchange.
*Fourth-quarter earnings $0.73/ share vs est $0.72. Oct 1- Walgreen Co, the largest U.S. drugstore operator, reported a better-than-expected quarterly profit due to strong sales of higher-margin generic drugs, sending the company's shares up 2 percent in premarket trading.
BOGOTA, Sept 30- Shares in Canadian oil company Petrominerales surged as much as 44 percent on Colombia's stock exchange on Monday after the company agreed to be taken over by Pacific Rubiales, Colombia's largest private oil producer. Petrominerales' Toronto- listed shares also rose, but by just 4 percent to C $11.70.