Goldman Sachs president and COO Gary Cohn discusses how mixed earnings reflect the broader economy and prospects for U.S. growth.» Read More
BEIJING, May 13- China shares closed down slightly on Tuesday, as investors locked in some of the previous day's strong gains following news of deepening capital reforms, though property continued to perform strongly. Coal shares gave back much of Monday's gains, dragging the CSI energy sub-index down 0.6 percent.
*Hillshire to buy Pinnacle Foods for $6.6 billion. Biogen Idec jumped 4.8 percent to $300.54 and TripAdvisor Inc rose 5.8 percent to $89.51. Twitter gained 5.9 percent to $33.94 after news reports that brokerage SunTrust raised its rating on the stock to "buy."
AT&T is in active talks to buy satellite-TV provider DirecTV and may complete a deal in the next few weeks, according to media reports.
May 12- Gogo Inc posted a higher-than-expected 35 percent jump in quarterly revenue as more air travelers used its in-flight wireless internet services, sending the company's shares up almost 10 percent in premarket trading.
May 12- Gogo Inc reported a 35 percent rise in first-quarter revenue due to higher demand for its in-flight wireless Internet services. Net loss for the quarter ended March 31 fell to $16.9 million, or 20 cents per share, from $32.5 million, or $4.77 per share, a year earlier. Gogo shares were up 6 percent at $12.80 in premarket trading on Monday.
May 9- Zale Corp shareholder TIG Advisors LLC opposed the jeweler's proposed merger with Signet Jewelers Ltd, calling the $21 million offer inadequate and unfair to Zale stockholders. Zale shares rose as much as 4.2 percent to $22.08 on the New York Stock Exchange in late trading on Friday.
*Apple reportedly close to deal for Beats Electronics. *Momentum shares like Gilead, Netflix rise. Netflix Inc shares rose 0.9 percent to $324.56 after it increased the price of its most popular video streaming plan by $1 a month.
*Telefonica falls after Q1 profits miss forecasts. LONDON, May 9- European shares retreated on Friday as a disappointing business update from leading telecoms group Telefonica sobered the mood after a rally the previous day.
*Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares slipped 0.7 percent to $583.91 while Internet radio provider Pandora Media Inc lost 2.5 percent to $64.52.
*Telefonica falls after Q1 profits miss forecasts. LONDON, May 9- European shares retreated on Friday as a disappointing business update from leading telecoms group Telefonica sobered the mood after a rally on the previous day.
Pfizer has been rebuffed more often than a particularly unlucky suitor in a romance novel by coy AstraZeneca.
*Telefonica falls after Q1 profits miss forecasts. LONDON, May 9- European shares slipped back on Friday as disappointing business updates from leading companies such as telecoms operator Telefonica sobered the mood after a rally on the previous day.
LONDON, May 9- Britain's Co-operative Bank said it would raise 400 million pounds of extra capital through the issue of new shares which will see the Co-operative Group's shareholding decline.
TOKYO, May 9- Asian shares got off to a lacklustre start on Friday after a flat performance on Wall Street, with a tense situation in Ukraine adding to the cautious mood ahead of China inflation data later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent in early trading, while Japan's Nikkei stock average shed 0.3 percent.
May 8- GrubHub Inc reported higher-than-expected revenue in its first quarterly results as a public company as more people used the online food-delivery service to order takeout meals. GrubHub's shares jumped as much as 8 percent in extended trading on Thursday after the company also forecast current-quarter sales above estimates.
May 8- CBS Corp, owner of the most watched U.S. television network, reported lower-than-expected revenue as advertising fell 12 percent, sending its shares down 3 percent in extended trading.
Cheetah Mobile's shares spiked in their market debut, valuing the Chinese security software maker at about $2.2 billion.
May 8- Data analytics company Teradata Corp warned that second-quarter revenue would fall and said it expected its full-year revenue and adjusted profit would come in at the lower end of its forecast.
May 8- Cablevision Systems Corp reported better-than-expected quarterly revenue as more advertising and higher cable subscription rates offset the impact of a fall in the number of video customers, sending its shares up as much as 7 percent.
May 8- Cheetah Mobile Inc's shares rose about 13 percent in their market debut, valuing the Chinese security software maker at about $2.2 billion, after its initial public offering was priced near the top end of the expected range. Cheetah's shares opened at $15.25 and touched a high of $15.89 in early trading on the New York Stock Exchange.