Boards have long shunned speaking with investors. Now, they are being pressed to open up. The NYT reports.» Read More
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.
March 20- Lennar Corp reported a 36 percent jump in quarterly profit as it sold more homes at higher prices but said it was too soon to predict the strength of the spring selling season. Lennar's shares rose about 3.5 percent in premarket trading.
*Wall St slips, likely to pressure shares in Asia. SYDNEY, March 20- The U.S. dollar was holding hefty gains in Asia on Thursday as investors wrestled with the risk that U.S. interest rates could rise sooner and faster than previously thought, pressuring stock and bond prices.
March 19- Apparel maker Guess Inc forecast a surprise loss for the current quarter, citing weak traffic at its stores in North America and pressure in its wholesale business in Europe.
*Shares open at $31, above IPO price of $17. Paylocity's shares opened at a high of $31, valuing the company at about $1.55 billion. The Illinois- based company raised about $120 million after its initial public offering was priced at $17 per share, slightly above the expected pricing range.