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  • Hong Kong shares slip, several Chinese firms plunge Thursday, 21 May 2015 | 4:21 AM ET

    May 21- Hong Kong stocks dipped on Thursday, with the spot light thrown onto several Chinese firms whose shares went into free fall. After April's 13 percent rally, "the Hong Kong market is in a consolidation stage, and investors are waiting for new excitement," said Alex Kwok, Hong Kong- based strategist at China Investment Securities. Goldin Financial Holdings and...

  • HONG KONG, May 21- The parent of Chinese solar company Hanergy Thin Film Power Group said on Thursday it is "in good financial condition" a day after shares in its listed unit tumbled nearly 50 percent. The Beijing- based group has not engaged in any financial derivative trading with any institutions or individuals, using its shares in its Hong Kong listed...

  • UPDATE 1-NetApp results miss estimates; shares fall Wednesday, 20 May 2015 | 6:34 PM ET

    May 20- Data storage equipment maker NetApp Inc reported fourth-quarter results below analysts' estimates, hurt by lower sales to original equipment manufacturers, sending its shares down more than 10 percent in extended trading. NetApp has been trying to boost growth by focusing on cloud-based products as businesses cut spending on high-end storage...

  • May 20- Salesforce.com Inc, the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters. "I think what investors will be very enthusiastic about tomorrow is how much margin upside there was," FBR Capital Markets analyst Samad Samana...

  • HONG KONG, May 21- China's investors are fuelling their own version of a dotcom bubble going by the meteoric rise in the shares of a newly-listed Internet video company. "The forces are much too strong to make any bubble burst or any stock market to go down right now," said Josef Schuster, founder of IPO research and investment firm Ipox Schuster LLC.

  • Lowe's and Staples are big market movers Wednesday, 20 May 2015 | 4:36 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Lowe's Companies Inc., down $3.33 to $68.50. American Eagle Outfitters Inc., up 87 cents to $16.61.

  • Viacom lifts quarterly dividend to 40 cents from 33 cents Wednesday, 20 May 2015 | 3:14 PM ET

    NEW YORK— Media company Viacom said Wednesday it is increasing its quarterly dividend to 40 cents from 33 cents. The owner of Nickelodeon, MTV, Comedy Central and Paramount Pictures said last month that it lost $53 million in the first quarter after taking a hefty restructuring charge. Shares of Viacom Inc. rose 57 cents to $66.15 in afternoon trading Wednesday.

  • Airline stocks tumbling for second straight day Wednesday, 20 May 2015 | 2:46 PM ET

    Doug Parker, the CEO of American Airlines Group Inc., told CNBC that some airlines were growing too fast, expanding their passenger-carrying capacity by 8 percent or more. Some airlines including Southwest, JetBlue and Spirit have been growing rapidly. Southwest Airlines Co. fell $3.72, or 9.1 percent, to $37.19; while Delta Air Lines Inc. lost $2.59, or 5.6...

  • May 20- Shares of Black Knight Financial Services Inc, a provider of software and services to the mortgage industry, rose as much as 9.2 percent in their market debut on Wednesday, valuing the company at about $4 billion. Black Knight raised about $441 million after its IPO was priced at $24.50 per share, near the top end of the expected range of $22- $25.

  • May 20- Shares of Black Knight Financial Services Inc, a provider of software and services to the mortgage industry, rose as much as 8.7 percent in their market debut, valuing the company at about $4 billion. The company raised about $441 million after its IPO was priced at $24.50 per share, close to the top end of the expected range of $22- $25. Black Knight, which counts...

  • MINNEAPOLIS— Hormel reported a record second-quarter profit of $180.2 million Wednesday despite a bird flu scourge that has cost producers nearly 8 million turkeys and chickens in its home base of Minnesota alone. The company's quarterly per-share profit of 67 cents was a nickel better than Wall Street had expected, according to poll by Zacks Investment...

  • May 20- Drug developer Lpath Inc said it would cut jobs and costs after its experimental eye drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly. Lpath, which had about 25 employees as of March 1, according to a regulatory filing, also said it would re-evaluate its research and...

  • Shares in Chinese solar maker Hanergy plunge Wednesday, 20 May 2015 | 8:19 AM ET

    Shares in Hanergy Thin Film Power Group Ltd., a unit of Beijing- based Hanergy Holding Group, fell 47 percent on the Hong Kong stock exchange. Hanergy's rise made its founder, Li Hejun, one of China's richest entrepreneurs with a net worth estimated at $20 billion. It acquired Germany's Solibro and California's MiaSole in 2012 and said it wanted to become a leader in "...

  • LONDON, May 20- Shares in British luxury goods maker Burberry tumbled on Wednesday after it cut its annual profit guidance, hit by foreign exchange volatility and subdued demand in Hong Kong and the United States. It came after Burberry reported a rise in group profit for the year to the end of March- but adverse currency movements due to a strong pound took a big...

  • May 20- Hong Kong stocks ended mixed on Wednesday, with the benchmark Hang Seng index sagging but an index tracking Chinese companies firmer, helped by strength in mainland stocks. Trading in shares of China's Hanergy Thin Film Power Group was suspended after its stock plunged nearly 50 percent in less than one hour- a sudden and brutal decline after a long run-up...

  • TOKYO, May 20- Asian shares slipped on Wednesday after a mixed day on Wall Street, though Japan's better-than-expected economic growth lifted the Nikkei to a 15- year high. The dollar scaled a two-month high against the yen after upbeat U.S. housing data, and as the euro remained pressured by expectations that the European Central Bank would increase its...

  • WASHINGTON, May 19- Yahoo Inc shares fell 7.6 percent on Tuesday on concerns that a possible change in U.S. tax regulations would affect Yahoo's planned spinoff of its stake in Alibaba Group Holding Ltd.. The change- discussed by a U.S. Internal Revenue Service official in Washington- could complicate the plan announced by Yahoo in January to spin off its 15...

  • TOKYO, May 20- Asian shares got off to a lacklustre start on Wednesday after a mixed day on Wall Street, though Japan's better-than-expected economic growth lifted the Nikkei to a nearly one-month high. The euro remained pressured by expectations that the European Central Bank would increase its bond-buying stimulus. MSCI's broadest index of Asia-Pacific...

  • WASHINGTON, May 19- Shares in Yahoo Inc fell 7.6 percent on Tuesday, as the stock sold off dramatically in the last 20 minutes of the trading day on worries that a potential change in U.S. tax regulations would affect Yahoo's expected spinoff of its stake in Alibaba Group Holding Ltd. The potential change, which Bloomberg reported that an Internal Revenue Service...

  • Wal-Mart and Red-Robin are big market movers Tuesday, 19 May 2015 | 4:40 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Wal-Mart Stores Inc., down $3.49 to $76.43. Dick's Sporting Goods Inc., down $2.86 to $53.43.