Boards have long shunned speaking with investors. Now, they are being pressed to open up. The NYT reports.» Read More
*Target and Lowe's rally after results. *J.C. Penney shares jump after the bell. Target Corp and Lowe's Cos Inc shares jumped following upbeat earnings and gave the biggest boosts to the S&P 500. An S&P 500 retail index gained more than 1 percent for a second day.
SAN FRANCISCO, Feb 26- Chinese Internet company Baidu Inc finished 2013 with its fastest revenue growth in more than a year and forecast revenue for the first quarter that beat Wall Street targets thanks to strength in its mobile business.
Feb 26- Shares of Sturm Ruger& Co Inc slid as much as 12 percent after the gun maker's quarterly profit missed Wall Street estimates for the first time in four years due to higher costs aimed at increasing production.
*Target and Lowe's rally after results. Shares of retailers Target Corp and Lowe's Cos Inc rose, giving the S&P 500 its biggest boosts.
Feb 26- Shares of Sturm Ruger& Co Inc slid 12 percent after the gun maker's quarterly profit missed Wall Street estimates for the first time in four years due to higher costs aimed at increasing production.
Feb 26- Cablevision Systems Corp lost fewer video subscribers than expected in the fourth quarter and said the company expects growth in cash flow in 2014, which sent shares of the cable operator higher on Wednesday.
*Fourth-quarter adj profit $0.27/ share vs est $0.41. Feb 26- Chesapeake Energy Corp reported quarterly results that missed Wall Street estimates by a wide margin because of weak production, sending its shares sharply lower on Wednesday. Chesapeake's stock fell as much as 8 percent on the New York Stock Exchange on Wednesday morning.
*Expects 1st- qtr adj revenue of $145- 147 mln. Feb 25- Endurance International Group Holdings Inc, a provider of internet domain names, reported a 17 percent rise in quarterly revenue as the company added more subscribers, sending its shares up 16 percent after the bell. Endurance also forecast adjusted revenue of $145- 147 million for the first quarter.
*STOXX Europe 600 Basic Resources index down 1.4 pct. *UK's FTSE 100 among the worst hit national indexes. The sector ended down 1.4 percent, led by UK- listed Rio Tinto, Anglo American and BHP Billiton, all down between 1.6 and 2.8 percent to ensure the UK's FTSE 100 was Europe's index laggard.
Feb 25- Visteon Corp, the auto parts maker, posted a stronger-than-expected quarterly profit on Tuesday and reaffirmed its forecasts for 2014, sending its shares up in morning trading. Net income surged to $513 million, or $10.32 a share, in the fourth quarter, compared with $39 million, or 74 cents a share, in the year earlier period.
Feb 25- Fifth& Pacific Cos Inc's revenue jumped 22 percent in the holiday quarter as its trendy kate spade handbags proved a hit with shoppers. Shares of Fifth& Pacific, which said earlier that it would change its name to Kate Spade& Co, will trade under the new "KATE" symbol from Wednesday on the New York Stock Exchange.
Feb 25- Office supply retailer Office Depot Inc reported a surprise quarterly loss as same-store retail sales fell 4 percent in North America, sending its shares reeling. Office Depot shares fell about 15 percent in premarket trading on Tuesday, while those of rival Staples Inc dropped 2.5 percent.
*Softbank gains on report it is seeking stake in Line Corp. TOKYO, Feb 25- The Nikkei average advanced to a 3-1/ 2- week peak on Tuesday after a rally in Wall Street shares to historic highs triggered short-covering in battered Japanese stocks.
Feb 24- Sina Corp's revenue soared 43 percent in the fourth quarter, as its Weibo messaging service more than doubled advertising sales despite strong competition from Tencent Holdings Ltd's WeChat. Still, shares of the Chinese company slid 3.4 percent after Sina's overall results barely beat Wall Street's expectations.
Feb 24- U.S. solar installer SolarCity Corp said it expects to install fewer panels in the first quarter, sending its shares down 6 percent after the bell. SolarCity said in October that it would acquire Zep Solar, a maker of mounting systems for residential solar panels, for about $158 million in stock. SolarCity shares were at $75.25 after market close on Monday.
The announcement, coupled with a report that auto maker Ford Motor Co plans to base its next-generation Sync system on BlackBerry's QNX operating system and no longer use Microsoft's Windows platform, helped send shares of BlackBerry up 8 percent in midday trading. Shares of BlackBerry rose 8.4 percent to $9.91 on Nasdaq following the news on Monday.
Radio frequency chipmakers RF Micro Devices will buy peer TriQuint Semiconductor for about $1.6 billion in an all-stock deal to create a company that could better compete in selling chips to mobile-handset makers.
Feb 24- Radio frequency chipmakers RF Micro Devices Inc will buy peer TriQuint Semiconductor Inc for about $1.6 billion in an all-stock deal to create a company that could better compete in selling chips to mobile-handset makers. TriQuint's shares jumped 29 percent in premarket trading to $11.9, above the implied offer price of $9.73.
*HSBC upbeat on emerging mkts but says 2014 may be volatile. LONDON, Feb 24- HSBC missed market expectations with a 9 percent increase in annual profit and warned of greater volatility in emerging markets this year, sending shares in Europe's biggest bank to a 15- month low.
NEW YORK, Feb 23- For U.S. stock investors, the main event will be Federal Reserve Chair Janet Yellen's return trip this week to Capitol Hill. Wall Street will hang on her every word about the weather, of all things, when she goes before the Senate Banking Committee to complete her semi-annual testimony about monetary policy.