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  • UPDATE 2-In surprise move, Target to pull out of Canada Thursday, 15 Jan 2015 | 10:23 AM ET

    TORONTO, Jan 15- Target Corp will abandon its ill-fated expansion into Canada less than two years after its launch, the U.S. discount retailer said on Thursday in a surprise full retreat that will put more than 17,000 employees out of work and cost the company billions in writedowns. Target's shares rose 3 percent in midmorning trading after the company said it...

  • Jan 15- IG Group Holdings Plc said impact from the Swiss National Bank unexpectedly scrapping its cap on the franc would not exceed 30 million pounds for the British interdealer broker. IG Group's shares fell as much as 6.7 percent. Shares in IG were down 6.5 percent at 693.5 pence at 1508 GMT on the London Stock Exchange.

  • *Credit Suisse shares down 10.6 pct, UBS down 10.8 pct. LONDON, Jan 15- Shares in Switzerland's two big banks UBS and Credit Suisse slumped as much as 15 percent on Thursday after a massive strengthening in the Swiss franc raised the threat that reported earnings will be hit hard. With interest rates going into deeper negative territory, there could be further...

  • Jan 15- Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations. Citi's shares were down 0.9 percent at $48.63 in premarket trading on Thursday. Citi is the most international of the big U.S. banks,...

  • Lennar profit beats on strong home sales Thursday, 15 Jan 2015 | 7:51 AM ET
    A sign advertising available homes is posted at a housing development in Dublin, California.

    Lennar reported a better-than-expected 50 percent jump in quarterly profit as it sold more homes at higher prices.

  • Best Buy expects no same-store sales growth in Q1, Q2 Thursday, 15 Jan 2015 | 7:22 AM ET

    Jan 15- Electronics retailer Best Buy Co Inc said it expects same-store sales growth to be flat to negative in the first two quarters of its fiscal year starting February. Best Buy's shares fell 7 percent in premarket trading on Thursday. The company said revenue rose 2 percent to $11.36 billion in the nine weeks ended Jan. 3, while same-store sales increased 2.5...

  • Jan 15- Lennar Corp, the second largest U.S. homebuilder, reported a better-than-expected 50 percent jump in quarterly profit as it sold more homes at higher prices. Lennar's shares rose 1.6 percent to $46.49 in premarket trading on Thursday. Net income attributable to Lennar rose to $245.3 million, or $1.07 per share, from $164.1 million, or 73 cents per share, a...

  • Adobe plans up to $2 bln share buyback Wednesday, 14 Jan 2015 | 5:08 PM ET

    Jan 14- Photoshop maker Adobe Systems Inc said it would buyback up to $2 billion of its shares through the end of fiscal 2017.. The company's shares rose 2.2 percent to $71.50 in extended trading on Wednesday. Adobe said authority of its previous buyback program of up to $2 billion through fiscal 2015 has been exhausted.

  • Jan 14- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a slight increase in quarterly profit as it lent more to commercial and industrial customers. Wells Fargo's total loans rose 2.8 percent to $862.6 billion in the fourth quarter. Wells Fargo shares were down 1.5 percent in premarket trading on Wednesday.

  • Jan 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the wake of government probes into alleged wrongdoing and it set aside more to cover bad loans. JP Morgan's shares were down 1.2 percent in premarket trading on Wednesday. JPMorgan, the first big U.S. bank to report quarterly...

  • *AstraZeneca shares up 1.5 percent. LONDON, Jan 14- AstraZeneca's blood-thinning drug Brilinta cut the risk of death or heart attack in patients with a history of previous attacks, according to a major clinical trial that will boost hopes for the product. But AstraZeneca Chief Executive Pascal Soriot has made it a top priority and the company flagged Brilinta's...

  • Another day, another milestone for Alibaba Tuesday, 13 Jan 2015 | 11:38 PM ET
    Alibaba IPO biggest, Alibaba shares, invest in Alibaba, is Alibaba a buy, Alibaba IPO,

    Reports that Alibaba may ink a deal to link the world's two fastest-growing e-commerce markets is a shot in the arm for its growth plan, analysts say.

  • Tesla shares slump 7 pct on weak China sales Tuesday, 13 Jan 2015 | 5:49 PM ET

    Jan 13- Tesla Motors Inc shares slumped late on Tuesday after Chief Executive Elon Musk said the electric luxury car maker's sales in China were "unexpectedly weak" during the fourth quarter. But he assured an audience in Detroit the problems are being fixed. Tesla shares fell 7 percent in after-hours trade to $190.50 from a close of $204.25.

  • *KB Home forecasts drop in gross margins. Shares of homebuilders fell 1.5 percent 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 dropped 16.3 percent to $13.87, its biggest percentage fall since 1992..

  • GameStop's December same-store sales up 4.4 pct Tuesday, 13 Jan 2015 | 4:44 PM ET

    Jan 13- Video game retailer GameStop Corp said December comparable store sales rose 4.4 percent, driven by higher demand for games such as Call of Duty: Advanced Warfare, Grand Theft Auto V and Far Cry 4.. Shares of the world's largest retailer of video game products rose about 10 percent to $36 in extended trading. New software sales grew 5.8 percent during the...

  • 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...