Sports apparel maker Under Armour reported slowing quarterly growth in its apparel business, sending its shares down about 6 percent in early trading.» Read More
May 14- Fuel-cell maker Plug Power Inc reported a bigger-than-expected quarterly loss as it shipped fewer systems, sending its shares down 14 percent before the bell. Plug Power announced an order for 182 fuel cell units from Central Grocers Inc just last week.
May 14- Sears Holdings Corp said it was looking to sell its 51 percent stake in Sears Canada Inc and could even put the whole Canadian department store operator up for sale. Shares of Sears Holdings, controlled by hedge fund billionaire Eddie Lampert, rose 8 percent to $46.48 in premarket trading.
BEIJING, May 14- Hong Kong shares hit a three-week high on Wednesday, as property and banking stocks continued to rise after China's central bank urged mainland lenders to speed up the granting of home loans. China Overseas Land& Investment Ltd jumped 4.1 percent and China Resources Land Ltd gained 6.0 percent.
BEIJING, May 14- China shares ended down slightly on Wednesday, with beverage shares the main source of losses, though these were partially offset by real estate gains rooted in additional support for mortgage lending. Property giants China Vanke Co Ltd and Poly Real Estate Group Co Ltd rose 1.3 percent and 1.6 percent, respectively.
*Tencent volatile ahead of earnings. BEIJING, May 14- Hong Kong shares hit a three-week high on Wednesday as investors snapped up property and banking stocks after China's central bank urged mainland banks to speed up the granting of home loans. The China Enterprises Index of the top Chinese listings in Hong Kong also gained 0.9 percent.
Kellogg shares are up roughly 10 percent this year amid speculation Buffett might acquire the company, but not everyone is sure it's a good idea.
*S&P sets new record despite soft data. *Key Europe index closes at 6- year high, buoyed by results. NEW YORK, May 13- U.S. stocks ended flat on Tuesday as the benchmark S&P 500 retreated after climbing over the 1,900 mark, while an index of European shares ended at a six-year high on solid corporate earnings and bets of more European Central Bank stimulus.
PARIS, May 13- European stocks rose on Tuesday, with a number of benchmarks hitting multi-year highs, boosted by upbeat company results and a report saying Germany's central bank is ready to back new stimulus measures from the European Central Bank.
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.