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ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
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.160x105.jpg?v=1368731367 "In Fed-Driven Rally, Stocks Get Scarce")
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GLOBAL MARKETS ROUNDUP* Nifty futures on the Singapore Exchange is 0.08 percent up while the MSCI-Asia Pacific index excluding Japan. FACTORS TO WATCH* Earnings of Maruti Suzuki India Ltd, Hero MotoCorp Ltd, ICICI Bank Ltd later in the day. *The India Meteorological Department releases maiden forecast for the four-month long monsoon season from June.
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Omron Corp climbed 6.4 percent to 2,910 yen, its highest level since December 2007, after the electronics parts maker forecast a 32.4 percent hike, at 40 billion yen, in its net profit for the current business year to March 2014, saying a weaker yen is likely to contribute to its sales and profits.
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Japan Tobacco Inc advanced 4.1 percent to 3,645 yen after the cigarette maker predicted an operating profit increase of 15.7 percent for the fiscal year ending March 2014 at 616 billion yen, citing a weaker yen and solid demand.
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SINGAPORE, April 26- Shares of Singapore commodities firm Olam International rose as much as 3 percent on Friday after the firm said it would nearly halve its capital spending over the next three years and sell some of its businesses.
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SYDNEY, April 26- Shares in Australia's GrainCorp Ltd rose 8 percent to a record high on Friday after the company agreed to a sweetened offer from U.S.-based agricultural giant Archer Daniels Midland Co.
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Sony Corp gained as much as 5.1 percent to a one-month high of 1,710 yen after the company raised its operating profit estimate for the fiscal year ended March 31 by three quarters, citing gains from the sale of its New York headquarters, and revalued stock holdings and other asset sales that are helping the TV maker cover losses in its consumer electronics business.
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SYDNEY, April 26- Shares in Australia's GrainCorp Ltd rose 8 percent to a record high on Friday after the company agreed to a sweetened offer from U.S.-based agricultural giant Archer Daniels Midland Co.
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SYDNEY, April 26- Shares in Australia's GrainCorp Ltd rose 8 percent to a record high on Friday after the company agreed to a sweetened offer from U.S.-based agricultural giant Archer Daniels Midland Co..
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TOKYO, April 26- The benchmark Nikkei average. Advantest Corp dropped 7.9 percent to 1,412 yen after the chip making equipment producer reported an operating profit of 80 million yen for the fiscal year ended March 31, well below its own guidance of a 2.5 billion yen, due to weak sales of its memory-chip testers.
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SYDNEY, April 26- Australian shares rose 0.2 percent on Friday as strong metals prices boosted miners and Wall Street's gains lifted broader sentiment following positive weekly U.S. jobless data. Blue chip miners BHP Billiton Ltd.
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SEOUL, April 26- Seoul shares are likely to climb on Friday with Samsung Electronics Co Ltd. "The index will rise after global markets had a good day on Thursday, and results from Samsung Electronics will only add to this," said Choi Kwang- hyuk, an analyst at E-Trade Securities.
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NEW YORK, April 25- Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co. Earlier this month, Penney borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory and revamp its business strategy.
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April 25- Starbucks Corp reported higher quarterly profit on Thursday that matched Wall Street estimates and it raised its full-year earnings forecast.
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NEW YORK, April 25- Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co. The century-old retailer has been exploring various capital-raising options with its financial advisers after a steep sales slump followed former CEO Ron Johnson's attempt at a turnaround.
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NEW YORK, April 25- PerkinElmer Inc:.
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April 25- Starbucks Corp reported higher quarterly profit on Thursday that matched Wall Street estimates and it raised its full-year earnings forecast. Still, Starbucks shares fell 2.5 percent in after hours trading.
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NEW YORK, April 25- Verisign Inc:. *Shares up 4.1 percent after the bell following results. ( (New York Treasury Desk; Tel: 223 6300)).
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NEW YORK, April 25- Coinstar Inc:.
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NEW YORK, April 25- Altera Corp:.
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NEW YORK, April 25- International Game Technology:. *Tech shares up 5.1 percent after the bell following results, guidance. ( (New York Treasury Desk; Tel: 223 6300)).