James Goldston is succeeding Ben Sherwood, who will take on a new role as co-chairman of Disney Media Networks.» Read More
*Plans to shed non-core assets in India, Trinidad. Nov 15- Canadian oil and gas producer Niko Resources Ltd said it might not be able to meet its liabilities and raised "significant" doubt about its ability to continue as a going concern, sending its shares plummeting as much as 57 percent.
Nov 15- Shares of Zulily Inc, an online retailer of women and children's clothing, rose as much as 88 percent in their market debut, valuing the company at about $5.04 billion. The Seattle- based company raised $253 million after its initial public offering was priced at $22 per share, well above its expected price range of $18- $20.
NORWALK, Conn., Nov 15- General Electric Co said on Friday it would spin off part of its North American retail finance business in an initial public offering next year. GE said it plans to float about 20 percent of the retail finance unit in the IPO. Shares of GE rose 0.9 percent to $27.22 in premarket trading on Friday.
Nov 15- Baxter International Inc agreed to develop and market Cell Therapeutics Inc's bone marrow disorder drug for payments that could total up to $362 million, sending Cell Therapeutics' shares up more than 30 percent before the bell. Baxter will pay $60 million up front, which includes an equity investment of $30 million in Cell Therapeutics.
SYDNEY, Nov 15- Shares in GrainCorp fell 5 percent on Friday after a media report said Australia's prime minister will reject an A $3.0 billion takeover by Archer Daniels Midland Co..
Nov 14- Shares of Houghton Mifflin Harcourt Co, a textbook publisher that emerged from bankruptcy last year, rose as much as 33 percent in their market debut, valuing the company at about $2.23 billion. The offering was priced at $12 per share on Wednesday, below its expected price range of $14- $16.
Nov 14- Shares of Eagle Bulk Shipping fell as much as 29 percent on Thursday, a day after the company warned that it could breach certain loan terms if freight rates remained low. It also warned that it could breach covenants in the current quarter if rates fell further, or it failed to cut costs or it suffered more losses on its investment in Korea Lines Corp.
Morgan Stanley hopes to expand its $500 million share buyback program, said CEO James Gorman, adding that not doing so would be a disappointment.
Nov 13- Millennial Media Inc, which helps companies advertise on mobiles, reported a lower-than-expected quarterly profit after it aggressively purchased advertising space, sending its shares down more than 21 percent in extended trading. Millennial Media bought Jumptap in August in a deal valued at about $225 million.
NEW YORK, Nov 13- Network equipment maker Cisco Systems Inc warned that its revenue would decline between 8 percent and 10 percent in its second fiscal quarter, sending its shares down almost 10 percent in late trade.
NEW YORK, Nov 13- Network equipment maker Cisco Systems Inc said on its quarterly revenue rose less than expected due to weak demand in emerging markets, the United States and areas such as Southern Europe.
Crocs wants to go private and is talking with several private equity firms, including Blackstone. Its shares gained more than 9 percent.
Nov 13- Perry Ellis International Inc slashed its full-year forecast due to lower sales of its private-label clothing, sending its shares down 23 percent to a near two-year low. Perry Ellis also reported weaker-than-expected sales in the first two quarters of the year.
Nov 13- Shares of Chegg Inc, whose main business is renting textbooks, fell as much as 18 percent in their debut on Wednesday, a day after its initial public offering was priced above the planned range. Chegg's IPO of 15 million shares was priced at $12.50 each, higher than the expected range of $9.50- $11.50.
Nov 13- Shares of Extended Stay America Inc rose as much as 19 percent in their market debut on Wednesday, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector.
Nov 13- Shares of hotel chain Extended Stay America Inc rose as much as 15 percent in their market debut, valuing the company at about $4.6 billion. Extended Stay shares opened at $22.75 and touched a high of $22.96 on the New York Stock Exchange on Wednesday. Deutsche Bank, Goldman Sachs and J.P. Morgan were the lead underwriters for the offering.
Nov 13- Macy's Inc on Wednesday reported higher-than-expected- quarterly sales and earnings, helped by more promotions and advertising, and the department store chain said business had improved as the quarter progressed.
LONDON, Nov 12- China's plan to broaden economic reforms failed to give a lift to world shares on Tuesday as higher U.S. government bond yields and growing talk the Federal Reserve will soon scale back its stimulus weighed on sentiment.
*China vows "decisive" role for markets, results seen by 2020. *DISH Network shares up after Q3 results. "With tapering back on the table for December, we are seeing some backup in yields, and this invites for some profit taking in the stock market," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
Nov 12- Dish Network Corp added 35,000 pay-TV subscribers in the third quarter, far exceeding Wall Street expectations, sparking a 4.4 percent jump in its shares in early trading on Tuesday. Cable providers Time Warner Cable Inc, Comcast Corp and Charter Communications Inc all reported losses in video subscribers.