The companies confirmed late on Sunday that they were discussing a takeover of Tim Hortons by Burger King.» Read More
NEW YORK, March 28- WisdomTree Investments Inc has paid a price for being so dependent on its flagship Japan fund- as that market reversed fortune this year, shares of the asset manager fell nearly 30 percent and Citi analysts downgraded its stock.
March 28- Shares of CBS Outdoor Americas Inc rose 9 percent in their trading debut, valuing the company carved out of broadcaster CBS Corp at $3.65 billion as it steps up its efforts to grab more advertising dollars for its billboards. The offering, which raised $560 million, reduced CBS Corp's stake in CBS Outdoor to 83 percent.
March 28- Shares of CBS Outdoor Americas Inc rose 9 percent in their market debut, valuing the outdoor advertising company carved out of broadcaster CBS Corp at about $3.65 billion. CBS Corp's stake in CBS Outdoor fell to 83 percent after the offering.
TORONTO, March 28- BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday, sending its shares up nearly 7 percent, even as its smartphone sales continued to slide.
LONDON, March 28- European equities edged higher on Friday, led by basic resources shares on expectations any move by China to step up infrastructure spending would boost demand for industrial metals.
SHANGHAI, March 28- Hong Kong shares rose on Friday on the back of strong bank earnings, helping the benchmark index have its best weekly performance since mid-February. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong closed up 1.3 percent, contributing to its best weekly performance since the week ending Nov. 22.
March 27- Video game retailer GameStop Corp, forecast full-year earnings below market expectations as it is yet to see an uptick in sagging video game software sales, despite robust hardware sales driven by the launches of Microsoft's Xbox One and Sony's PlayStation 4 consoles.
March 27- Shares of cloud-based payroll processor TriNet Group Inc rose as much as 21 percent in their market debut, valuing the company at about $1.32 billion. TriNet's shares opened at $18.50 and touched a high of $19.39, making the stock the percentage gainer on the New York Stock Exchange on Thursday.
March 27- Shares of cloud-based payroll processor TriNet Group Inc rose as much as 16 percent in their market debut, valuing the company at about $1.26 billion. TriNet's shares opened at $18.50 on the New York Stock Exchange on Thursday. JP Morgan, Morgan Stanley and Deutsche Bank were lead underwriters to the offering.
SHANGHAI, March 27- China shares shed gains in late trading on a see-saw Thursday, ending down after though banking stocks rose for much of the afternoon on rumours the central bank may cut its reserve requirements. Minsheng Bank rose 3.6 percent, and Shanghai Pudong Development Bank Co Ltd 1.2 percent.
Shares in Tencent Holdings Ltd, China's biggest listed internet firm with a profitable mobile gaming business, fell more than 7 percent to their lowest in six weeks, while the Hang Seng Composite Index for Information Technology fell nearly 5 percent, its biggest drop in nearly two months.
*CITIC Pacific shares up after parent injects assets. HONG KONG/ SHANGHAI, March 27- Hong Kong shares fell on Thursday, dragged down by index tech heavyweight Tencent Holdings after U.S-listed peers declined, while CITIC Pacific Ltd. jumped after its parent company injected assets into the firm.
March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, underscoring concerns about the company's reliance on a single hit game. King's shares fell to a low of $19.08 from their IPO price of $22.50, valuing the company at about $6 billion.
March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, valuing the company at about $6 billion. London- based King raised about $500 million after its initial public offering was priced at $22.50 per share, the mid-point of the targeted price range.
March 26- Shares of Nord Anglia Education Inc rose as much as 12 percent in their U.S. market debut, valuing the Hong Kong- based school operator at about $1.7 billion. The company- which runs 27 schools in Southeast Asia, China, Europe, North America and the Middle East- sold all the 19 million shares in the offering.
March 26- Insmed Inc said its only experimental drug failed to meet the main goal of a mid-stage trial on patients with a form of bacterial lung infection, sending shares down 34 percent in premarket trade. Insmed compared the drug, in combination with a standard treatment, with a combination of placebo and the standard treatment.
*Facebook buys Oculus for $2 bln, shares up in premarket. NEW YORK, March 26- U.S. stock index futures rose on Wednesday as geopolitical tensions eased after Western powers agreed to hold off on more damaging economic sanctions against Russia unless it went beyond its seizure of Crimea. *Shares of Facebook Inc rose 1 percent to $65.51 in premarket trading.
SHANGHAI, March 27- China shares eased on Wednesday as investors continued to pocket gains from big winners last week, but pharmaceutical shares outperformed. Investors continued to desert Kweichow Moutai Co Ltd after the company released low growth forecasts for 2014. The stock fell 5 percent, after dropping 3.1 percent on Tuesday.
Hong Kong financial stocks strong. HONG KONG/ SHANGHAI, March 26- Hong Kong shares rose early Wednesday, aided by gains on Wall Street and solid earnings reports from Agricultural Bank of China and dairy products giant China Mengniu. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.8 percent.
*Move seen negative for energy conglomerate Reliance Industries. MUMBAI, March 25- An unexpected request by India's Election Commission for the government to defer a rise in gas prices until after a looming general election hit shares in Reliance Industries Ltd and Oil and Natural Gas Corp on Tuesday.