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  • UPDATE 1-Peugeot shares tumble as GM offloads stake Friday, 13 Dec 2013 | 3:55 AM ET

    *Shares in Peugeot lost 23 pct in four days. *Goldman Sachs removes Peugeot from conviction buy list. PARIS, Dec 13- PSA Peugeot Citroen shares fell 11 percent on Friday for a 23 percent four-day drop after General Motors sold its 7 percent stake in the struggling French carmaker in a private placement to institutional investors.

  • HONG KONG, Dec 13- Shanghai shares posted a fourth daily decline on Friday, leading to their first weekly loss in a month, as investors continued to worry that China might lower its 2014 growth target while signs of faster interest-rate liberalisation hurt bank stocks.

  • Dec 12- Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts' estimates, sending its shares down as much as 5 percent in extended trading. Adobe said it expects revenue of $950 million to $1 billion in the first quarter. The company forecast adjusted earnings of between 22 cents and 28 cents per share.

  • Dec 12- Shares of Hilton Worldwide Holdings Inc, the world's largest hotel operator, rose more than 9 percent in afteroon trading during their New York Stock Exchange debut on Thursday. The stock climbed as high as $21.92 after Blackstone Group LP raised more than $2.3 billion in the year's second-biggest IPO.

  • NEW YORK, Dec 12- The dollar rose and global equity markets slipped to a one-month low on Thursday after stronger-than-expected U.S. retail sales data added to jitters about when the Federal Reserve will start trimming its stimulus.

  • NEW YORK, Dec 12- The dollar rose and global equity markets slipped to a one-month low on Thursday after stronger-than-expected U.S. retail sales data added to jitters about when the Federal Reserve will start trimming its stimulus.

  • Dec 12- Shares of Hilton Worldwide Holdings Inc, the world's largest hotel operator, rose 7 percent in their New York Stock Exchange debut on Thursday. The shares opened at $21.30 after Blackstone Group LP raised more than $2.3 billion in the year's second-biggest IPO. Deutsche Bank AG, Goldman Sachs, Bank of America and Morgan Stanley led the IPO.

  • Dec 12- Shares of Hilton Worldwide Holdings Inc, the world's largest hotel operator, rose 7 percent in their New York Stock Exchange debut on Thursday. Shares opened at $21.30 after Blackstone Group LP company raised over $2.3 billion in the year's second-biggest IPO. Hilton shares priced at $20 on Wednesday night, within the expected range of $18 to $21.

  • Dec 12- Network equipment maker Ciena Corp reported a lower-than-expected quarterly profit as costs rose 20 percent and forecast current-quarter revenue largely below Wall Street estimates, sending its shares down 11 percent before the bell.

  • Asia-Pacific beats Europe in M&A space Thursday, 12 Dec 2013 | 7:53 AM ET

    The Asia-Pacific region has overtaken Europe when it comes to mergers and acquisition, taking second place this year to North America.

  • TORONTO, Dec 12- Canadian yogawear chain Lululemon Athletica Inc, which appointed a new chief executive this week, reported higher profit on Thursday, but forecast flat same-store sales for the crucial fourth quarter. Shares slid 10.7 percent to $61 in trading before the morning bell on the Nasdaq.

  • BRP, which was spun off from Bombardier Inc in 2003, listed on the Toronto Stock Exchange in May. The company's competitors include Arctic Cat Inc, Polaris Industries Inc and Yamaha Motor Co Ltd.. The company's shares closed at C $26.83 on the Toronto Stock Exchange on Wednesday.

  • GLOBAL MARKETS-European shares slip on Fed jitters Thursday, 12 Dec 2013 | 4:55 AM ET

    LONDON, Dec 12- European shares slipped to a two-month low on Thursday, tracking losses on Wall Street and in Asia as markets positioned for data that could determine if the U.S. Investors lowered their exposure to riskier assets after a provisional budget deal in Washington this week eased some of the fiscal drag on the U.S. economy.

  • HONG KONG, Dec 12- Shares in China Cinda Asset Management Co Ltd surged as much as a third in their trading debut on Thursday, marking a major success for China's first listing of a bad debt management firm and boding well for other potential IPOs in the sector.

  • HONG KONG, Dec 12- Shares in China Cinda Asset Management Co Ltd surged as much as 24 percent in their trading debut on Thursday, boosted by heavy demand from retail investors- a major success for China's first attempt to list one of its four bad debt managers.

  • Dec 11- CytRx Corp said its experimental cancer treatment improved survival rates in untreated soft tissue sarcoma patients without the disease progressing, compared with standard chemotherapy alone, sending the company's shares up as much as 83 percent.

  • Autohome, controlled by Australian phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range. Telstra, which sees Asia as a growth market, got control of Autohome in 2008, when it bought a majority stake in the company that owned the auto website and two technology retail websites.

  • Shares of Chinese auto website Autohome soar in US debut Wednesday, 11 Dec 2013 | 10:17 AM ET

    Dec 11- Shares of Autohome Inc, an owner of Chinese auto websites, rose as much as 83 percent in their U.S. market debut, valuing the company at about $3.2 billion. Autohome, controlled by Australia's largest phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range.

  • Avanir shares plunge after pain drug fails in trial Wednesday, 11 Dec 2013 | 9:17 AM ET

    Dec 11- Shares of Avanir Pharmaceuticals Inc fell 17 percent in premarket trading on Wednesday, a day after the company said its experimental drug failed to reduce pain in patients with multiple sclerosis. Avanir also reported fourth-quarter results that fell shy of Wall Street estimates.

  • CytRx's cancer drug meets main goal, shares soar Wednesday, 11 Dec 2013 | 8:47 AM ET

    Dec 11- CytRx Corp said its experimental cancer drug improved survival rates in soft tissue sarcoma patients without the disease progressing, compared to chemotherapy alone, sending its shares up 75 percent before the bell. The treatment was found to be safe and well-tolerated, the CytRx said on Wednesday. CytRx's shares were trading at $3.94 before the bell.

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