The Asia-Pacific region has overtaken Europe when it comes to mergers and acquisition, taking second place this year to North America.» Read More
Sept 25- J.C. Penney Co Inc shares tumbled to their lowest in nearly 13 years on Wednesday after Goldman Sachs said it expects sales at the struggling department store chain to improve more slowly than expected and raised questions about its liquidity. The stock slid as much as 16.5 percent to $9.94, the lowest since January 2001, before recovering up to $10.27.
*Shares touch high of $34.19, valuing company at about $900 mln. It also analyzes tissue samples from clinical trials conducted by companies such as Novartis AG, Johnson& Johnson and Celgene Corp. Novartis accounts for more than 10 percent of Foundation Medicine's revenue.
Sept 25- J.C. Penney Co Inc shares tumbled to their lowest in nearly 13 years on Wednesday after Goldman Sachs said it expects sales at the troubled department store chain to improve more slowly than expected. The stock slid as much as 16.5 percent to $9.94, the lowest since January 2001, before easing to $10.22.
Sept 25- Network equipment maker Brocade Communications Systems Inc said it raised its share buyback program to $1 billion from $308 million. The company, which has a market value of about $3.62 billion, did not specify the period over which it will buy the shares back. Brocade Communications shares were up about 3 percent in premarket trading.
PARIS, Sept 25- European shares dipped early on Wednesday as nagging concerns over a potential U.S. government shutdown at the end of the month and uncertainty about the outlook for the Federal Reserve's stimulus programme kept investors on edge.
TOKYO, Sept 25- Asian shares turned in a lacklustre performance and the dollar treaded water against a basket of currencies on Wednesday, as concerns about a possible U.S. government shutdown and uncertainty about the Federal Reserve's policy outlook made investors hesitant to push out of recent ranges.
Tea Party- backed U.S. senators are threatening to stall a bill to fund the U.S. Government. "It's negative to investor sentiment as a whole," said Hikaru Sato, senior technical analyst at Daiwa Securities in Tokyo, referring to the political wrangling in Washington.
TOKYO, Sept 25- Asian shares slipped and the dollar inched higher in early Asian trade on Wednesday, as concerns about a possible U.S. government shutdown and uncertainty about the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan slipped about 0.1 percent, while Japan's Nikkei stock average was down 0.2 percent.
*Applied Materials shareholders to hold 68 pct of merged co. *Applied Materials shares rise 4.8 pct pre-market. Sept 24- Applied Materials Inc, the world's biggest producer of chipmaking equipment, will buy rival Tokyo Electron Ltd in an all-share deal, creating a company with a combined stock market value of $29 billion, the two said on Tuesday.
The lack of big foreign entrants in a list of bidders that the government published on Monday is good news for the dominant Canadian companies- Rogers Communications Inc, BCE Inc and Telus Corp.. Shares of Rogers, BCE and Telus rose in morning trading.
Sept 23- Cardiome Pharma Corp said an intravenous version of its drug to treat irregular heartbeat was found to be more effective than two rival oral drugs as it helped to bring patients' heartbeat back to normal levels in shorter time. Shares of the Canadian company jumped 31 percent to an 18- month high of C $4.09 on the Toronto Stock Exchange on Monday.
The lack of major foreign entrants in a list of bidders that the government published on Monday is good news for the dominant Canadian companies- Rogers Communications Inc, BCE Inc and Telus Corp. The three had complained that the auction rules favored foreigners. Shares of Rogers, BCE and Telus rose in morning trading.
HONG KONG, Sept 23- Hong Kong shares slipped from a near eight-month high, led by a 1.9 percent tumble for index heavyweight HSBC Holdings as investors on Monday pared last week's gains on their return from a holiday on Friday. The China Enterprises Index of the top Chinese listings in Hong Kong slipped 0.5 percent.
SYDNEY, Sept 23- Asian markets got off to a lacklustre start on Monday ahead of more testing data from China, while the euro had only the briefest of lifts from Chancellor Angela Merkel's landslide victory in Germany's general election. MSCI's broadest index of Asia-Pacific shares outside Japan was a fraction lower following a pullback on Wall Street on Friday.
TORONTO, Sept 20- Canada's main stock index slumped on Friday as shares of BlackBerry tumbled after it warned of job cuts and a huge quarterly loss, and uncertainty surrounding the U.S. BlackBerry dropped 16.1 percent to C $9.08, and the announcement is expected to put more pressure on the embattled smartphone maker to find a buyer.
Sept 20- Shares of real estate website Zillow Inc fell as much as 10 percent on Friday after short-seller Citron Research questioned its business model for the second time in a year and noted that senior executives have been selling the stock.
Sept 20- Shares in Apple Inc and key chip suppliers for its new iPhones rose on Friday, as the first day of sales at Apple stores drew long queues and an analyst said the first weekend would likely top the initial sales figures of last year's model.
Sept 20- Shares of real estate website Zillow Inc fell after short-seller Citron Research questioned its business model and noted that senior executives have been selling the stock.
NEW YORK, Sept 20- Wall Street was little changed on Friday, as investors waited to see if speeches by several U.S. The Nasdaq was supported by shares of Apple Inc, which rose 0.6 percent to $475.40 as the company released the latest version of its iPhone product line.
*Adidas falls 5.7 percent after profit warning. Shares in Adidas were among the biggest losers across Europe, dropping 5.7 percent after the German sports apparel maker warned on its 2013 profit outlook. Germany's No. 2 utility RWE AG also fell 1.9 percent after it slashed its dividend.