The companies confirmed late on Sunday that they were discussing a takeover of Tim Hortons by Burger King.» Read More
SHANGHAI, April 9- China shares ended at a new 7- week high on Wednesday, as certain tech stocks outperformed but profit-taking in banking shares weighed on index performance. Industrial Bank Co Ltd slid 0.6 percent, while China Minsheng Banking Corp Ltd and Ping An Bank Co Ltd shed 1.1 percent and 0.8 percent, respectively.
*Amazon.com, Yahoo shares jump; investors buy Internet' bargains'. *Alcoa starts earnings season; shares up after results. The day's biggest gainers included Amazon.com Inc, up 2.9 percent at $327.07; Yahoo Inc, up 2.3 percent at $33.83; and LinkedIn Corp, up 5.9 percent at $169.10.
SHANGHAI, April 8- China shares closed at its highest in 7 weeks on Tuesday, driven by investor enthusiasm for banking shares after more details on a recently unveiled preferred share scheme were released over the weekend. Industrial Bank Co Ltd rose 8.0 percent, China Minsheng Banking Corp Ltd gained 4.8 percent and Ping An bank Co Ltd added 4.5 percent.
TOKYO, April 8- Shares in Takeda Pharmaceutical Co Ltd were down nearly 6 percent on Tuesday morning after Bloomberg news reported that a U.S. jury ordered it to pay $6 billion in punitive damages in a case claiming it hid cancer risks of its Actos diabetes drug. Takeda representatives could not immediately be reached for comment.
*Deal will also let Energen fund Permian basin drilling. *Energen shares up as much as 4 pct, Laclede falls as much as 3 pct. April 7- Energen Corp will sell its 150- year old natural gas utility Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash, helping it repay debt and fund drilling for oil and gas in the Permian basin.
*Bouygues, Iliad fall; Numericable spikes on SFR deal. LONDON, April 7- European equities retreated on Monday after a three-week rally, led down by French companies Iliad and Bouygues on expectations that a failed acquisition bid by Bouygues would hurt the earnings of both.
April 7- Vocus Inc, a provider of cloud-based marketing and public relations software, said it would be bought by private equity firm GTCR Valor Merger Sub Inc for about $446.5 million. Shares of Beltsville, Maryland- based Vocus rose 47 percent to $17.90 on the Nasdaq in early trading on Monday.
NEW YORK, April 7- U.S. stocks opened lower on Monday, with the S&P 500 on track for its third straight decline, as weakness in some of the market's recent high-flying names continued. Yahoo Inc fell 2 percent to $33.58, Biogen lost 2.2 percent to $282 and Gilead Sciences Inc fell 1.3 percent to $71.04.
*Holcim will hold 53 pct of merged entity. PARIS, April 7- Switzerland's Holcim unveiled an all-share deal to buy France's Lafarge on Monday to create the world's biggest cement maker with combined sales of 32 billion euros. Shares in Lafarge rose 4 percent at the open, the top gainer on France's blue-chip CAC 40 index, while shares in Holcim were up 5.4 percent.
HONG KONG, April 7- Hong Kong shares ended lower on Monday, pulled down by index heavyweight Tencent as the Internet firm tracked a slide in tech stocks on Wall Street, while casino operators also fell. Shares in Chinese Internet company Tencent slipped 4.5 percent to its lowest close since Jan. 27, while software firm Kingsoft fell 6.2 percent.
*Nikkei tripped by higher yen, Wall St tech retreat. SYDNEY, April 7- Japanese shares were slugged on Monday by a one-two combination of a higher yen and a selloff in the tech sector, while the euro struggled with speculation of more policy easing at home.
*Nikkei drops on higher yen, Wall St tech retreat. SYDNEY, April 7- Japanese shares were slugged on Monday by a one-two combination of a higher yen and a selloff in the tech sector, while the euro struggled with speculation of more policy easing at home.
SYDNEY, April 7- Asian markets were torn two ways on Monday, some following Wall Street lower but others encouraged by U.S. jobs data that hit the sweet spot for many investors-- firm enough to soothe concerns about the health of the U.S. recovery but not so strong as to hasten the end of policy stimulus.
IMS Health's IPO raised about $1.30 billion after the offering was priced at $20 per share, above the midpoint of its expected price range of $18- $21 per share. IMS Health's shares opened at $22.18 and touched a high of $22.75 on the New York Stock Exchange on Friday.
April 4- Shares of GrubHub Inc, the biggest U.S online food-delivery service, rose as much as 57 percent in its market debut as investors scrambled for a piece of the fast-growing consumer internet company. GrubHub's shares opened at $40 and touched a high of $40.80 on the New York Stock Exchange on Friday, valuing the company at about $3.20 billion.
April 4- Shares of online food delivery company GrubHub Inc rose as much as 57 percent in their market debut, valuing the company at about $3.20 billion. The Chicago- based company's initial public offering raised about $193 million after its upsized offering was priced at $26 per share, above its expected range.
IMS Health's IPO raised about $1.30 billion after the offering was priced at $20 per share, above the midpoint of its expected price range of $18- $21 per share. IMS Health's shares opened at $22.18 and touched a high of $22.75 on the New York Stock Exchange on Friday. JPMorgan Chase, Goldman Sachs and Morgan Stanley were lead underwriters to the offering.
LONDON, April 4- European shares edged higher on Friday, heading for a ninth straight day of gains, as investors bet a jobs report would show recent weakness in the U.S. economy was caused by a harsh winter and its recovery was on track. Societe Generale predicted that better weather and demand for workers led employers to add 275,000 jobs.
*Shares open at $9.86, above IPO price of $9. April 3- Shares of Tarena International Inc, a provider of IT education in China, rose as much as 18 percent in their market debut, valuing the company at about $540 million, underscoring the renewed interest in Chinese stocks among U.S. investors.
SHANGHAI, April 3- China shares dropped on Thursday as property stocks were hit by profit-taking following a jump the previous day on media reports that some cities may relax restrictions on home buying.