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  • Jan 20- Apparel retailer Express Inc said it ended talks to be bought by private equity firm Sycamore Partners, its largest shareholder, due to unavailability of financing. Shares of Express, which was once a division of L Brands Inc, were down nearly 13 percent at $12.60 in premarket trading. Private equity firm Golden Gate Capital took Express private in 2007 and...

  • Express Inc ends deal talks with Sycamore Partners Tuesday, 20 Jan 2015 | 8:21 AM ET

    Jan 20- Apparel retailer Express Inc said it terminated talks to be bought by private equity firm Sycamore Partners, its largest shareholder. The company said talks ended due to the "unavailability of financing on commercially acceptable terms". Express's shares were down nearly 12 percent at $12.75 in premarket trading on Tuesday.

  • *Europe shares follow Asia higher after China data. *China Q4 growth 7.3 percent, beats forecasts. LONDON, Jan 20- Shares in Europe and Asia rose on Tuesday and the dollar strengthened after China said its economy had not slowed as much as many in markets had feared.

  • Analysts said Hong Kong investors were already in a selling mood, due to concerns about Europe, and the mainland tumble gave another reason for indexes to correct. Among the most actively traded stocks on Hong Kong's main board were Bank of China, down 5.9 percent at HK $4.18, CCT Land Holdings Ltd, unchanged at HK $0.02 and China Construction Bank, down 3.8 percent...

  • TOKYO, Jan 19- Japan's Nikkei share average rose on Monday after strong U.S. economic data buoyed sentiment and the weaker yen helped exporters such as Honda Motor Co, but Sharp Corp tumbled on a profit warning. The Nikkei rose 0.9 percent to 17,014.29, recovering from a 2-1/ 2- month low of 16,592.57 hit on Friday. But trading was thin, with only 2.040 billion shares...

  • *Intel shares down after guidance disappoints. NEW YORK, Jan 16- U.S. stock index futures fell on Friday, following five straight days of losses for major indexes, as markets continue to absorb the shock of Switzerland's move to ditch its currency cap. *Shares of FXCM Inc, one of the biggest platforms catering to online and retail traders of currencies, tumbled 70...

  • *Fast Retailing, SoftBank together take hefty points off from Nikkei. TOKYO, Jan 16- Japan's Nikkei share average skidded on Friday in volatile trade as risk appetite was dampened by a strong yen after Switzerland stunned markets by abandoning its cap on the franc. Index-heavy shares tumbled, with SoftBank Corp and Fast Retailing Co fell 2.5 percent and 3.7...

  • Jan 15- Chipmaker Intel Corp forecast current-quarter revenue and gross margins that disappointed investors, sending its shares down about 2 percent in extended trading. "The top line looked a little bit light of the Street and gross margin looked a little bit light," Christopher Rolland, an analyst at FBR Capital Markets, said. Net income rose to $3.66 billion, or...

  • LONDON, Jan 15- Frantic trading after the Swiss National Bank scrapped its euro cap on the franc on Thursday drove Swiss stocks down nearly 9 percent, their biggest one-day percentage fall for at least 25 years. One trader described the central bank's move as "carnage", while Swatch Chief Executive Nick Hayek called the franc's surge in value against the euro an...

  • *Fourth-qtr adj net income 6 cents/ shr vs. est. Jan 15- Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank's shares down more than 4 percent. Citi suffered on a number of fronts during the quarter.

  • Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, reported its first fall in quarterly margins in three years and forecast a further drop in 2015 as costs rise. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 4.3 percent in morning trading on Thursday.

  • UPDATE 2-In surprise move, Target to pull out of Canada Thursday, 15 Jan 2015 | 10:23 AM ET

    TORONTO, Jan 15- Target Corp will abandon its ill-fated expansion into Canada less than two years after its launch, the U.S. discount retailer said on Thursday in a surprise full retreat that will put more than 17,000 employees out of work and cost the company billions in writedowns. Target's shares rose 3 percent in midmorning trading after the company said it...

  • Jan 15- IG Group Holdings Plc said impact from the Swiss National Bank unexpectedly scrapping its cap on the franc would not exceed 30 million pounds for the British interdealer broker. IG Group's shares fell as much as 6.7 percent. Shares in IG were down 6.5 percent at 693.5 pence at 1508 GMT on the London Stock Exchange.

  • *Credit Suisse shares down 10.6 pct, UBS down 10.8 pct. LONDON, Jan 15- Shares in Switzerland's two big banks UBS and Credit Suisse slumped as much as 15 percent on Thursday after a massive strengthening in the Swiss franc raised the threat that reported earnings will be hit hard. With interest rates going into deeper negative territory, there could be further...

  • Jan 15- Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations. Citi's shares were down 0.9 percent at $48.63 in premarket trading on Thursday. Citi is the most international of the big U.S. banks,...

  • Lennar profit beats on strong home sales Thursday, 15 Jan 2015 | 7:51 AM ET
    A sign advertising available homes is posted at a housing development in Dublin, California.

    Lennar reported a better-than-expected 50 percent jump in quarterly profit as it sold more homes at higher prices.

  • Best Buy expects no same-store sales growth in Q1, Q2 Thursday, 15 Jan 2015 | 7:22 AM ET

    Jan 15- Electronics retailer Best Buy Co Inc said it expects same-store sales growth to be flat to negative in the first two quarters of its fiscal year starting February. Best Buy's shares fell 7 percent in premarket trading on Thursday. The company said revenue rose 2 percent to $11.36 billion in the nine weeks ended Jan. 3, while same-store sales increased 2.5...

  • Jan 15- Lennar Corp, the second largest U.S. homebuilder, reported a better-than-expected 50 percent jump in quarterly profit as it sold more homes at higher prices. Lennar's shares rose 1.6 percent to $46.49 in premarket trading on Thursday. Net income attributable to Lennar rose to $245.3 million, or $1.07 per share, from $164.1 million, or 73 cents per share, a...

  • Adobe plans up to $2 bln share buyback Wednesday, 14 Jan 2015 | 5:08 PM ET

    Jan 14- Photoshop maker Adobe Systems Inc said it would buyback up to $2 billion of its shares through the end of fiscal 2017.. The company's shares rose 2.2 percent to $71.50 in extended trading on Wednesday. Adobe said authority of its previous buyback program of up to $2 billion through fiscal 2015 has been exhausted.

  • Jan 14- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a slight increase in quarterly profit as it lent more to commercial and industrial customers. Wells Fargo's total loans rose 2.8 percent to $862.6 billion in the fourth quarter. Wells Fargo shares were down 1.5 percent in premarket trading on Wednesday.