Shipping via UPS will become more expensive next year, the company said.» Read More
*Property shares decline in mainland, Hong Kong. HONG KONG, June 12- Hong Kong slipped on Thursday, joining other Asian markets after Wall Street stepped back from record levels.
HONG KONG, June 12- Shares of Ningbo Marine surged by 10 percent, the maximum allowed, to a 7- week high on Thursday after the State Council announced plans to develop an economic zone along the Yangtze River.
*Hong Kong property firms lead losses after Tuesday rally. HONG KONG, June 11- Hong Kong shares slipped on Wednesday, with local property developers leading losses as investors took profits after the index closed at its highest since Jan. 2 in the previous session.
June 10- Touchscreen chipmaker Synaptics Inc said it would buy the sole supplier of display chips for the iPhone for $475 million, potentially winning back Apple Inc as a customer. Synaptics's shares jumped 19 percent in extended trading after the company also raised its revenue forecast for the fourth quarter ending June 30.
June 10- B/E Aerospace Inc, an aircraft seat maker and parts distributor, will split into two publicly traded companies, making it easier for the company to pursue a sale of its businesses. B/E Aerospace's shares fell as much as 6 percent as investors had hoped for a sale of the company.
June 10- U.S. electronics retailer RadioShack Corp reported a much bigger-than-expected quarterly loss, hurt by higher promotions in its smart phones and tablets business and weak sales of consumer electronics. Shares of RadioShack, which reported its ninth straight quarterly loss, plunged about 22 percent in premarket trading.
SAN FRANCISCO, June 9- David Marcus, who has led eBay Inc's fast-growing payments unit PayPal, will step down from the e-commerce company on June 27 to run Facebook Inc's messaging products, eBay said on Monday. EBay shares fell about 2 percent in trading after hours.
Icahn reported on Friday a 9.39 percent stake in Family Dollar and said he was considering to push the $6.89 billion company for a merger with rival Dollar General Corp.. Family Dollar's shares rose as much as 16 percent to $70.30 on the New York Stock Exchange on Monday, while Dollar General's shares rose as much as 14 percent to $65.97.
June 9- Shares of Time Inc, home to titles such as People, Sports Illustrated and Time, fell more than 4 percent in their market debut, highlighting the problems besetting the U.S. magazine industry as readers switch to digital alternatives.
June 6- Hedge fund billionaire Carl Icahn became the largest shareholder in Family Dollar Stores Inc after reporting a 9.39 percent stake in the company on Friday, and said he may seek representation on its board. Shares of Family Dollar, struggling under declining sales, rose as much as 12 percent in extended trade on Friday.
June 6- Activist investor Carl Icahn has reported a 9.39 percent stake in Family Dollar Stores Inc and said he could push for major changes or a sale of the company. Shares of Family Dollar, struggling under declining sales and profit, rose as much as 10 percent in extended trading on Friday.
June 6- Shares of WL Ross Holding Corp, a special purpose acquisition company set up by billionaire Wilbur Ross, rose slightly in their market debut. The company said earlier on Friday that it raised $435 million after selling 43.5 million units for $10 per unit. Deutsche Bank Securities and BofA Merrill Lynch were the lead underwriters for the offering.
Hertz shares fell nearly 10 percent in premarket trading. The company's audit committee had concluded that financial statements for 2011 should no longer be relied upon, Hertz said in a regulatory filing on Friday.. Hertz shares had closed at $30.49 on the New York Stock Exchange on Friday.
HONG KONG, June 6- Shares of Prada SpA fell more than 6 percent to a two-year-low on Friday after the Italian fashion house surprised investors with a drop in quarterly sales, sparking concern that the brand could be falling out of favour in key Asian markets.
June 5- Drug retailer Rite Aid Corp estimated first-quarter profit much below analysts' expectations due to higher-than-expected drug costs and a bigger-than-expected fall in reimbursement rates. Rite Aid's shares fell as much as 14 percent on Thursday on the New York Stock Exchange.
June 5- Truck and engine maker Navistar International Corp reported a smaller quarterly loss as warranty expenses fell and truck sales improved. Net loss attributable to Navistar narrowed to $297 million, or $3.65 per share, from $374 million, or $4.65 per share, a year earlier. Navistar's shares closed at $35.45 on the New York Stock Exchange on Wednesday.
June 5- Shares of Halozyme Therapeutics Inc jumped about 11 percent a day after the U.S. Food and Drug Administration lifted a hold on a trial testing an advanced version of the company's flagship drug delivery technology.
The value of potential takeovers yanked from the market is at its highest level since the height of the global credit crisis in 2008.
*FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 down 0.1 pct. LONDON/ PARIS, June 4- European shares inched down on Wednesday after data confirmed a slowdown in the euro zone's economic recovery in the first quarter, with investors awaiting fresh action by the European Central Bank to spur growth.
*Steel shares outperform on Credit Suisse rating hikes. *Yahoo Japan jumps after Goldman Sachs adds to conviction list. Exporters were mixed, with Toyota Motor Corp rising 0.3 percent, while Honda Motor Co shed 0.5 percent and Toshiba Corp gained 0.7 percent.