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The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.
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NEW YORK-- Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell$. 40 or. 4 percent, to $112.42. Wal-Mart Stores Inc. fell $1.75 or 2.2 percent, to $78.11.
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NEW YORK-- Shares of some top chemicals companies are down at 10 a.m.:. Dow Chemical Co. fell$. 39 or 1.1 percent, to $34.95. DuPont Co. fell$. 07 or. 1 percent, to $55.49.
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NEW YORK-- Shares of some top drug benefits companies are down at 10 a.m.:. CVSCaremark fell$. 76 or 1.3 percent, to $59.59. Express Scripts Holding Co. fell$. 72 or 1.2 percent, to $60.66.
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NEW YORK-- Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 33 or 1.7 percent, to $19.11. Newmont Mining Corp. fell$. 52 or 1.6 percent, to $31.05.
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May 16- Kohl's Corp on Thursday said it expects sales to pick up in the current quarter, and the retailer reported a better-than-expected first-quarter profit, helped by cost-cutting, sending its shares up 7 percent in trading before the bell.
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The Parsippany, N.J., company's stock had already climbed about 16 percent since last Friday, when Actavis and Irish drugmaker Warner Chilcott PLC said that they were in early talks about a possible combination but had reached no agreement yet. Actavis shares rose 62 cents to $124.50 in premarket trading about 40 minutes ahead of Thursday's market opening.
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Tesla Motors Inc. on Wednesday said it is planning a stock and notes offering that includes plans for its CEO and co-founder, Elon Musk, to buy a chunk of the shares himself. About $45 million will be purchased in the offering and $55 million will be purchased directly from Tesla.
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NEW YORK, May 15- Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending.
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NEW YORK-- Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose$. 41 or 1.2 percent, to $35.34. DuPont Co. rose$. 39 or. 7 percent, to $55.55.
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NEW YORK-- Shares of some top drug benefits companies were up at the close of trading:. CVSCaremark rose$. 28 or. 5 percent, to $60.35. Express Scripts Holding Co. rose$. 45 or. 7 percent, to $61.38.
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NEW YORK, May 15- Cisco Systems Inc posted a higher than expected quarterly profit, suggesting that technology spending could be picking up for the network equipment maker's customers. Cisco shares rose about 5 percent after Chief Executive John Chambers said in a statement that the company was seeing good signs in a "slow, but steady economic environment."
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CHICAGO/ NEW YORK, May 15- Shares of drugmaker Bristol-Myers Squibb Co rose to a 10- year high on Wednesday ahead of results of an early stage trial for its new melanoma treatment, with heavy betting in the options market suggesting investors see more gains in the stock.
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NEW YORK-- Shares of L&L Energy Inc., which mines and distributes coal in China, were up 14 percent Wednesday after the company it will provide a million tons of coal to Datang International Power Co.. THE SPARK: The Seattle company said it will supply the coal to a power plant in Guangixi. SHARE ACTION: L&L Energy stock rose 53 cents to $4.30 in afternoon trading.
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CHICAGO/ NEW YORK, May 15- Shares of drugmaker Bristol-Myers Squibb Co rose to a ten-year high on Wednesday ahead of results of an early stage trial for its new melanoma treatment, with heavy betting in the options market suggesting investors see more gains in the stock.
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NEW YORK-- Shares of drug developer Insmed Inc. jumped Wednesday after a Lazard Capital Markets analyst started covering the stock, saying the shares could double in value over the next year. He said sales of Insmed's lung disease drug Arikace could reach more than $600 million a year by 2020..
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NEW YORK-- Shares of The ExOne Co. tumbled Wednesday after the three-dimensional printer maker announced worse-than-expected quarterly results and issued a disappointing forecast. THE SPARK: ExOne said late Tuesday that it posted a loss of $1.9 million, or 20 cents per share, in the first quarter, compared with a loss of $1.5 million in the same quarter a year ago.
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Shares of Zynga Inc. and Groupon Inc. jumped Wednesday after activist shareholder Jana Partners disclosed that it has claimed a stake in both. THE BIG PICTURE: Zynga and Groupon have struggled with changing business models since going public less than 2 years ago, and their stock price has suffered, making the potential for change more appealing to investors.
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The DOT said complaints about airline service in the 1st quarter jumped 17.1 percent. At the same time, passengers being bumped, or involuntarily denied boarding, increased.
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Cisco Systems Inc. fell. 2 percent to $21.23 with 16,073,900 shares traded. Facebook Inc. fell. 8 percent to $26.86 with 14,183,400 shares traded. Groupon Inc. rose 4.9 percent to $7.23 with 20,733,300 shares traded.