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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.
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.
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.
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.
HONG KONG, Dec 11- Shares in China Cinda Asset Management Co Ltd jumped as much as 17.3 percent in gray market trading on Wednesday, as retail investors who missed out on this year's biggest Asia Pacific IPO bought the stock on the eve of its listing.
HONG KONG, Dec 11- Shares in China Cinda Asset Management Co Ltd jumped as much as 17.3 percent in gray market trading on Wednesday, as retail investors who missed getting shares in this year's biggest Asia Pacific IPO bought the stock on the eve of its Hong Kong listing.
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, announced a 1- for-10 stock split and raised its quarterly dividend by 83 percent, sending its shares up 3 percent to their life-high in extended trading. MasterCard's shares have gained almost 60 percent this year as more people use cards for transactions across the world.
Dec 10- Avanir Pharmaceuticals Inc said its drug used for the treatment of central neuropathic pain in patients with multiple sclerosis failed in a mid-stage trial, sending its shares down 18 percent in extended trading. There was no difference between the treatment arms and placebo, the company said. Avanir's shares were down 53 cents at $3.76 after the bell.
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, raised its quarterly dividend by 83 percent and announced a new $3.5 billion share buyback program, sending its shares up 3 percent in extended trading. The company, which also announced a 1- for-10 stock split, raised its quarterly dividend by 50 cents to $1.10 per share.
PARIS, Dec 10- European stocks inched higher on Tuesday but remained in a tight range as uncertainty over the timing of the U.S. Shares in Airbus parent EADS fell 1.6 percent, extending recent losses, as the European plane maker came under fire from shareholders France and Germany over plans to cut 5,800 jobs.
HONG KONG, Dec 10- Hong Kong shares slipped in weak turnover on Tuesday, as coal producers sank on fears of reduced demand after pollution levels climbed to hazardous levels in the mainland. The Hang Seng Index closed down 0.3 percent at 23,744.2 points, while the China Enterprises Index of the top offshore Chinese listings in Hong Kong shed 0.4 percent.
*China industrial output, retail sales, urban investment awaited. *China shippers rally on "special funds" for buying, scrapping vessels. *Coal sinks, environmental companies rise on China pollution.
Cerberus seeks a $25 million equity investment for its gun business from an unnamed third party, The Wall Street Journal reported.
Dec 6- Shares of Barnes& Noble Inc fell as much as 11 percent on Friday, a day after the U.S. Securities and Exchange Commission told the bookseller it had begun an investigation into a restatement of earnings announced on July 29.
Sears Holdings said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.
Dec 5- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported slightly lower-than-expected overall quarterly sales and joined other retailers in taking a cautious stance on the remainder of 2013, sending its shares down 4 percent.
*China Mobile outshines rivals after reported Apple iPhone deal. HONG KONG, Dec 5- China shares slipped from multi-week highs early on Thursday led by telecom equipment maker ZTE Corp as investors took profits after Beijing issued long-awaited 4 G licenses to China's three biggest mobile operators.
Dec 4- Apparel retailer Express Inc forecast current-quarter earnings below analysts' estimates, blaming weaker-than-expected Thanksgiving sales, sending its shares down 8 percent in premarket trading. The company said it expects a profit of 66- 71 cents per share for the fourth quarter ending Feb. 1, 2014.