James Goldston is succeeding Ben Sherwood, who will take on a new role as co-chairman of Disney Media Networks.» Read More
HONG KONG, Nov 29- Hong Kong shares closed at their highest in 31 months on Friday, as Chinese shares listed in the territory posted their biggest monthly gain in nearly two years, with mainland shippers buoyed by reports of a plan to rejuvenate the ailing sector.
Charter Communications is arranging approximately $25 billion of debt financing as it looks to acquire Time Warner Cable, sources told Dow Jones.
The global tech company will focus on the commercial PC and tablet market in 2014, CEO Meg Whitman tells CNBC.
NEW YORK, Nov 27- U.S. stocks were little changed after the market opened on Wednesday as investors found few reasons to buy before the Thanksgiving holiday, with major indexes near historic highs. The Nasdaq Composite Index was up 9.16 points, or 0.23 percent, at 4,026.91. Shares of Hewlett-Packard Co jumped 8 percent to $27.15 after brokerage upgrades.
Nov 26- TiVo Inc, maker of digital video recorders, reported a 43 percent jump in revenue, helped by strong growth in cable television subscriptions. TiVo's shares rose 3 percent in extended trading. The company's net income fell to $12.5 million, or 10 cents per share in the third quarter, from $59 million, or 44 cents per share, a year earlier.
TORONTO, Nov 26- Shares of Chorus Aviation Inc soared 29 percent on Tuesday after an arbitration panel agreed with the markup rate the company charges as a contract carrier for Air Canada.
*JA Solar expects lower shipments to China in current quarter. *LDK shares fall 5.6 pct; JA Solar down 11 pct. Shares of rival JA Solar Holdings Co Ltd fell 11 percent after the company forecast lower shipments to China in the current quarter.
TORONTO, Nov 26- Shares of Chorus Aviation Inc soared 27 percent in early trading on Tuesday after an arbitration panel agreed with the mark-up rate the company charges as a contract carrier for Air Canada.
Nov 26- Men's Wearhouse Inc offered to buy fellow retailer Jos. A. Bank Clothiers Inc for $1.5 billion, less than two weeks after Jos. Men's Wearhouse offered $55 per share in cash to acquire Jos. Shares of Men's Wearhouse rose 5 percent.
Nov 25- Nuance Communications Inc, maker of the software that runs the Siri feature on Apple Inc's iPhones, reported better-than-expected quarterly revenue. The company reported a net loss of $32.3 million, or 10 cents per share, in the fourth quarter. It had posted a profit of $117.6 million, or 36 cents per share, a year earlier.
Nov 25- Nuance Communications Inc, maker of the software that runs the Siri feature on Apple Inc's iPhones, reported lower-than-expected quarterly revenue, sending its shares down 5 percent after the bell. The company reported a net loss of $32.3 million, or 10 cents per share, in the fourth quarter.
The FDA had requested an additional trial. "The interim analysis of the Light study clearly achieved the goal set by the FDA," Chief Executive Michael Narachi said in a statement. Vivus Inc and Arena Pharmaceuticals Inc already have their obesity pills approved by the FDA.
Nov 25- Orexigen Therapeutics Inc said study data showed its experimental obesity drug did not increase heart-related risks, sending its shares up 28 percent in premarket trading. The drug, Contrave, was previously denied approval by the U.S. Food and Drug Administration, which cited potential heart risks. The FDA had requested an additional trial.
HONG KONG, Nov 25- China shares ended a choppy session a touch lower on Monday as strength in defence-related stocks countered a dip in index heavyweight Sinopec Corp after a pipeline explosion at its Qingdao terminals.
Nov 22- Shares of 500. com Ltd and Sungy Mobile Ltd, surged in their U.S. debuts on Friday, as investors bet on Chinese technology companies backed by marquee underwriters. Deutsche Bank led the offering of online sports-lottery operator 500. com, while Credit Suisse and JP Morgan were the lead underwriters for the IPO of mobile applications maker Sungy Mobile.
NEW YORK, Nov 22- U.S. stocks rose on Friday, led by healthcare stocks, putting the Dow and S&P 500 on track for a seventh straight week of gains. Shares of Biogen shot up 11.9 percent on heavy volume to $282.37 after the company won 10 years of exclusivity protection for its multiple sclerosis drug, Tecfidera, from regulators in Europe.
Nov 22- Herbalife Ltd shares rallied as much as 7 percent on Friday as investors rejected the latest salvo from hedge fund manager Bill Ackman, who insisted the company is nothing but a pyramid scheme, even though his short position based on that view has cost up to $500 million.
Nov 22- Shares of Pretium Resources Inc nearly doubled after the Canadian miner said output from an ore sampling program at its flagship gold exploration project topped its target. Strathcona is best known for its role in exposing problems at miner Bre-X in the late 1990 s, where investors lost billions after a massive gold find in Indonesia was found to be fake.
Nov 22- Shares of two Chinese companies, 500. com Ltd and Sungy Mobile Ltd, surged in their U.S. debuts on Friday, as investors bet on China- based technology companies backed by marquee underwriters.
*Oil rises above $110 a barrel as market eyes Iran talks. "The Fed will not start to taper until the economy is able to walk on its own; that's a positive," said Phil Orlando, chief equity market strategist at Federated Investors, in New York. MSCI's all-country world equity index, which tracks shares in 45 countries, rose 0.31 percent.