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  • Jan 13- KB Home, the No. 5 U.S. homebuilder, said it expected a "significant" drop in gross margins in the quarter ending Feb. 28, sending down its shares along with those of its competitors. "We do not expect to reach our housing gross profit margin goal of 20 percent in 2015," Chief Executive Jeff Mezger said on a conference call. "The inland areas of California were quite a...

  • *Alcoa erases early gains after earnings. But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.

  • KB Home warns on margins, homebuilder shares fall Tuesday, 13 Jan 2015 | 1:11 PM ET

    Jan 13- KB Home, the No. 5 U.S. homebuilder, said it expected a "significant" drop in gross margins in the current quarter, sending down its shares along with those of its competitors. KB Home's shares fell as much as 14 percent to $14.28 after initially rising on the upbeat results. Shares of D.R. Horton Inc, the biggest U.S. homebuilder by number of homes sold, were down 4.8...

  • Jan 13- Hong Kong shares rose for the fifth consecutive day on Tuesday, helped by inflows from investors who like the plan by Asia's richest man, Li Ka- shing, to split his conglomerate into two listed companies. Among the most actively traded stocks on Hong Kong's main board were CASH Financial Services Group Ltd, up 10.3 percent at HK $0.32, Kong Sun Holdings Ltd,...

  • UPDATE 2-SanDisk's memory chip sales weak, shares fall Monday, 12 Jan 2015 | 11:38 AM ET

    Jan 12- SanDisk Corp said it expects fourth-quarter revenue to be lower than its forecast, citing weaker-than-expected sales of retail products and flash memory storage chips. SanDisk's warning also spooked investors in rival Micron Technology, whose stock was down 5 percent. Analysts said SanDisk's weak revenue forecast was partly due to a glut in the...

  • SanDisk cuts revenue forecast, shares fall Monday, 12 Jan 2015 | 11:01 AM ET
    SanDisk iXpand

    SanDisk said it expects revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips.

  • UPDATE 1-SanDisk cuts revenue forecast, shares fall Monday, 12 Jan 2015 | 10:09 AM ET

    Jan 12- SanDisk Corp said it expects fourth-quarter revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips. SanDisk, which is increasingly using its chips to build and sell solid-state drives directly to companies and consumers, had already warned of supply constraints for the quarter.

  • Jan 12- SanDisk Corp estimated fourth-quarter revenue below its forecast, citing lower revenue primarily due to weaker-than-expected sales of its retail products and NAND storage chips. It had previously forecast revenue of $1.80 billion- $1.85 billion. SanDisk, whose shares fell about 7 percent in premarket trading, also lowered its adjusted gross margin...

  • Sandisk estimates lower Q4 revenue, share fall Monday, 12 Jan 2015 | 8:16 AM ET

    Jan 12- SanDisk Corp estimated fourth-quarter revenue below its forecast, citing lower revenue primarily due to weaker-than-expected sales of its retail products and NAND storage chips. It had previously forecast revenue of $1.80 billion- $1.85 billion. SanDisk, whose shares fell about 7 percent in premarket trading, also lowered its adjusted gross margin...

  • Parr: What big bank breakups could look like Monday, 12 Jan 2015 | 9:05 AM ET
    Gary Parr, Vice Chairman Lazard.

    The banking industry could look different soon due to the high cost of being a big bank, Lazard's Gary Parr tells CNBC.

  • Goldman Sachs: Watch out for energy M&A in 2015 Monday, 12 Jan 2015 | 7:14 AM ET
    A derrick hand removes the the plastic caps off the threaded ends of pipe used in the drilling process in Knox County, Ohio.

    Healthcare M&A looks set to be strong again this year, following deals from Shire and Roche. But Goldman Sachs says energy's a sector to watch too.

  • *Cheung Kong surged 20 pct, Hutchison up 18 pct. HONG KONG, Jan 12- Shares of Cheung Kong Holdings Ltd and Hutchison Whampoa surged on Monday after Asia's richest man Li Ka- shing announced a restructuring of his business empire, a move he said was aimed at creating better value for shareholders. Cheung Kong shares jumped more than 20 percent in early trade to HK...

  • Infosys shares rise as it sticks to growth targets Friday, 9 Jan 2015 | 12:21 PM ET
    Employees walk past an Infosys Ltd. logo at the company's campus in Electronics City in Bangalore, India.

    Infosys shares rose after it reaffirmed its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar.

  • BENGALURU, Jan 9- Shares in software services exporter Infosys Ltd rose almost 7 percent on Friday after it surprised investors by sticking to its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar. Infosys, which posted a 13 percent rise in third-quarter profit, confirmed it expects sales growth of 7 to 9 percent...

  • European shares slip, Santander slumps 10 pct Friday, 9 Jan 2015 | 4:19 AM ET

    LONDON, Jan 9- European shares snapped a two-day winning streak on Friday, ahead of key U.S. non-farm payrolls data, with Spain's Banco Santander sliding over 10 percent after unveiling a capital hike and dividend cut. The selling pressure dragged Spain's benchmark IBEX index down 2 percent, heavily underperforming the pan-European FTSEurofirst 300 index...

  • Jan 8- Conatus Pharmaceuticals Inc said on Thursday initial results from small early stage trials supported continued development of its experimental drug for patients with cirrhosis and liver impairment. But shares of the tiny company fell 36 percent to $6.60 after markets closed, giving back gains seen earlier this week following the announcement that...

  • BUZZ-YAHOO INC, AOL INC: STARBOARD KEEPS UP PRESSURE TO MERGE@** Yahoo's shares up 2.4 pct at $49.74; AOL's. **Starboard LP writes to Yahoo CEO Marissa Mayer, saying company should explore combination with AOL and cut costs to improve profits. **Up to Wednesday's close, AOL's stock had risen 7.3 pct and Yahoo's stock had risen 24.7 pct since Starboard delivered its...

  • Jan 8- An experimental drug being developed by AbbVie Inc and Neurocrine Biosciences Inc successfully reduced symptoms of endometriosis in pre-menopausal women in the first of two late-stage studies. Neurocrine's stock soared 24 percent to $27.20 in premarket trading on Thursday, while AbbVie's shares were up 1.7 percent at $68.10. After six months of...

  • LISBON, Jan 8- Portugal Telecom SGPS has said next week's shareholder meeting to approve the sale of its former assets by merger partner Oi will take place as planned, quashing media speculation the vote might be postponed and boosting its shares. It was also supported by a ban on short-selling in Portugal Telecom shares declared by the market regulator CMVM for...

  • Jan 6- Department store operator J.C. Penney Co Inc said same-store sales rose 3.7 percent in November and December, boosting its shares and offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Brian Sozzi, head of Belus Capital Advisors, said investors had been overly bearish on J.C. Penney's prospects and...