James Goldston is succeeding Ben Sherwood, who will take on a new role as co-chairman of Disney Media Networks.» Read More
MILAN, Nov 8- Shares in Telecom Italia fell over 4.5 percent on Friday after the company outlined a plan to raise 4 billion euros to strengthen it balance sheet and issued a convertible bond.
Nov 7- FireEye Inc, a technology firm that helps companies fend off cyber attacks, gave a revenue outlook for 2014 that came in ahead of Wall Street forecasts as it posted results for the first time since it went public in September in one of this year's hottest IPOs.
LOS ANGELES, Nov 7- Walt Disney Co reported a gain in profit that beat Wall Street expectations, boosted by higher spending by summer visitors to U.S. theme parks and increased sales of toys and other consumer products. Shares of Disney slipped 2.8 percent in after-hours trading to $65.30, down from their earlier $67.15 close on the New York Stock Exchange.
Eminence Capital has taken a 9.8 percent stake in the clothier and will argue to solicit more bids, CNBC's David Faber reported.
Nov 7- Transocean Ltd, the world's largest offshore drilling contractor, is going through a "painful" process to reduce onshore expenses and expects to see a drop in costs next year as a result, executives said. Shares of Transocean rose more than 5 percent to their highest in more than five months.
Nov 7- Geron Corp said 22 percent of trial patients treated with its experimental blood cancer drug were now free of the disease, a major break for the company after two big setbacks. Shares of Geron more than doubled in morning trade on Thursday to a four-year high. Geron earlier failed to develop the blood cancer drug, imetelstat, to treat breast cancer.
The opening price valued the shares at about 22 times forecast 2014 sales, nearly double that multiple at social media rivals Facebook Inc and LinkedIn Corp..
Nov 7- Twitter Inc stock soared 92 percent in their first day of trading on Thursday on the New York Stock Exchange as investors snapped up shares in the microblogging site, pushing its market value to a heady $25 billion.
Shares of Wendy's, the second-largest U.S. hamburger chain, plunged after the fast food chain reported lower-than-expected quarterly revenue.
Nov 7- Wendy's Co, the second-largest U.S. hamburger chain, reported lower-than-expected quarterly revenue, sending its shares down 9 percent in premarket trading. The company's third-quarter revenue rose about 1 percent to $640.8 million but missed the average analyst estimate of $643.4 million, according to Thomson Reuters I/B/E/S.
Nov 7- Solar panel maker China Sunergy Co Ltd said its shipments fell in the third quarter, compared with the second quarter, due to tight credit in China that hurt its ability to procure materials for production. China Sunergy shares fell 13 percent before the bell after closing at $9.49 on Wednesday.
*Lenovo, Galaxy Entertainment each up 0.4 pct ahead of earnings. HONG KONG, Nov 7- Hong Kong shares touched their lowest in nearly two weeks early on Thursday, as losses deepened for Chinese financials after more media reports emerged about possible sector reforms from a key Communist Party policy meeting starting this weekend.
Shares of cable broadcaster Usen Corp and car dealer VT Holdings surged 13 percent and 7.1 percent respectively after they were included in the new index, the JPX-Nikkei Index 400..
Nov 6- Transocean Ltd, owner of the world's largest offshore drilling fleet, reported on Wednesday a larger-than-expected third-quarter profit due to increased demand for its rigs and higher rates, sending its shares up 2 percent.
SAN FRANCISCO, Nov 6- Leading mobile chipmaker Qualcomm Inc posted higher fiscal fourth-quarter results on Wednesday, fueled by growing demand for smartphones in Asia, but its shares fell after it gave quarterly revenue guidance below expectations.
Nov 6- Whole Foods Market Inc on Wednesday reported slower same-store sales growth in the fourth quarter and the grocer lowered its sales forecast for fiscal 2014, sending shares down 8.7 percent in after hours trading.
Nov 6- Whole Foods Market Inc on Wednesday reported same-store sales that decelerated in the fourth quarter and the grocer lowered its sales forecast for fiscal 2014, sending shares down 8.7 percent in after hours trading.
Nov 6- Noodles& Co reported lower-than-expected quarterly revenue, hurt by a tepid consumer spending environment, sending the company's shares down 6.5 percent in extended trading. The company, which serves pasta and noodle dishes for as little as $8, posted a net income of $3.3 million, or 11 cents per share, up from $133,000, or 1 cent per share, a year earlier.
Nov 6- China's Suntech Power Holdings Co Ltd, once the world's largest maker of solar panels, filed for provisional liquidation, signaling that it may go out of business after years of steep declines in panel prices. Suntech's shares fell as much as 23 percent to $1.15 on the New York Stock Exchange on Wednesday.
*Earnings per share match Wall Street estimate. Nov 6- Chesapeake Energy Corp, the No. 2 U.S. natural gas producer, reported a third-quarter profit on Wednesday, but its shares fell more than 6 percent after it said its oil production would be lower this quarter.