Boards have long shunned speaking with investors. Now, they are being pressed to open up. The NYT reports.» Read More
March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, valuing the company at about $6 billion. London- based King raised about $500 million after its initial public offering was priced at $22.50 per share, the mid-point of the targeted price range.
March 26- Shares of Nord Anglia Education Inc rose as much as 12 percent in their U.S. market debut, valuing the Hong Kong- based school operator at about $1.7 billion. The company- which runs 27 schools in Southeast Asia, China, Europe, North America and the Middle East- sold all the 19 million shares in the offering.
March 26- Insmed Inc said its only experimental drug failed to meet the main goal of a mid-stage trial on patients with a form of bacterial lung infection, sending shares down 34 percent in premarket trade. Insmed compared the drug, in combination with a standard treatment, with a combination of placebo and the standard treatment.
*Facebook buys Oculus for $2 bln, shares up in premarket. NEW YORK, March 26- U.S. stock index futures rose on Wednesday as geopolitical tensions eased after Western powers agreed to hold off on more damaging economic sanctions against Russia unless it went beyond its seizure of Crimea. *Shares of Facebook Inc rose 1 percent to $65.51 in premarket trading.
SHANGHAI, March 27- China shares eased on Wednesday as investors continued to pocket gains from big winners last week, but pharmaceutical shares outperformed. Investors continued to desert Kweichow Moutai Co Ltd after the company released low growth forecasts for 2014. The stock fell 5 percent, after dropping 3.1 percent on Tuesday.
Hong Kong financial stocks strong. HONG KONG/ SHANGHAI, March 26- Hong Kong shares rose early Wednesday, aided by gains on Wall Street and solid earnings reports from Agricultural Bank of China and dairy products giant China Mengniu. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.8 percent.
*Move seen negative for energy conglomerate Reliance Industries. MUMBAI, March 25- An unexpected request by India's Election Commission for the government to defer a rise in gas prices until after a looming general election hit shares in Reliance Industries Ltd and Oil and Natural Gas Corp on Tuesday.
Shanghai stocks up on reports about free-trade zone. HONG KONG, March 25- China stocks rose on Tuesday morning, largely due to strong gains by companies linked to Shanghai's free trade zone after media reports indicated restrictions on foreign investors there could be relaxed.
March 24- Chinese solar products maker ReneSola Ltd posted its first profit in 10 quarters in the three months ended Dec. 31 and forecast higher module shipments for 2014, sending its shares up nearly 10 percent before the bell. ReneSola said it expected first-quarter module shipments of 500-520 MW, up from 326.6 MW year earlier.
March 24- Nutrition and weight-loss company Herbalife Ltd said it had agreed to allow three more representatives of billionaire investor Carl Icahn to join its board, sending the company's shares up as much as 9 percent before the bell.
European shares, though, were set for a lower start, with financial spreadbetter London Capital Group expecting Britain's FTSE 100 to open -34 points, or -0.5 percent; Germany's DAX to open -47 points, or -0.5 percent; and France's CAC 40 to open -38 points, or -0.8 percent.
*Hong Kong at one-week high on short-covering. HONG KONG/ SHANGHAI, March 24- Shares in Hong Kong and China shares rose on Monday as a weak factory survey heightened expectations that Beijing will have to unveil stimulus measures soon to avert a sharper downturn in the world's second-largest economy.
*Nike shares fall after results. Biogen Idec Inc, down 8.2 percent at $318.53, and Gilead Sciences Inc, down 4.6 percent at $72.07, were the two biggest drags on the S&P 500. The Nasdaq biotech index fell 4.4 percent.
*Nike shares fall after results, Tiffany rises. Biogen Idec Inc, down 8 percent to $319.14, and Gilead Sciences Inc, down 3.7 percent to $72.74, were the biggest drags on the S&P 500. The Nasdaq biotech index fell 3.5 percent.
March 21- Tiffany& Co forecast more sales growth this year amid signs that the jeweler's business in its home U.S. market is finally perking up.
BANGALORE, March 21- Shares of InterMune Inc rose as much as 17 percent on Friday after data showed German drugmaker Boehringer Ingleheim's rival drug had mixed results in late-stage trials.
March 21- AK Steel Holding Corp forecast a bigger loss for the first quarter as an unplanned blast furnace outage in its Kentucky plant hurt shipments and drove up costs. AK Steel estimated a net loss of 44 cents to 49 cents per share for the first quarter. AKS shares were up about 3 percent at $6.89 on the New York Stock Exchange.
March 21- Shares of TPG Specialty Lending Inc, the business development company of private-equity firm TPG Capital, rose about 3 percent in their debut, valuing the company at about $852 million. TSL's shares opened at $16.05 and touched a high of $16.45 Friday on the New York Stock Exchange.
HONG KONG, March 21- Hong Kong shares ended up, lifted by a rally in Chinese shares in the afternoon session on gains led by Li& Fung and the property sector. The China Enterprises Index of the top Chinese listings in Hong Kong rose 2.44 percent on the day and 1.4 percent for the week, its largest weekly gain in five weeks.
Symantec fired CEO Steve Bennett as the company struggles to revive growth amid eroding PC sales.