James Goldston is succeeding Ben Sherwood, who will take on a new role as co-chairman of Disney Media Networks.» Read More
*BMW hits autos, insurers knocked by RSA outlook. Autos were led lower by BMW, which dropped 2.6 percent after the German carmaker said quarterly profit at its auto unit fell more than expected, hurt in part by price discounts in core European markets.
Nov 5- Keryx Biopharmaceuticals Inc said its sole drug in development, Zerenex, proved to be effective in treating patients with chronic kidney disease who were not on dialysis. Keryx shares jumped 20 percent after the company said Zerenex met the main goal of a mid-stage trial.
Nov 5- T-Mobile US Inc, the No. 4 U.S. mobile provider, reported third-quarter subscriber growth well ahead of expectations on Tuesday, and showed it was putting pressure on market leaders Verizon Wireless and AT&T Inc..
Nov 5- Keryx Biopharmaceuticals Inc said its kidney drug met the main goals of a mid-stage study in patients with chronic kidney disease who were not on dialysis. Shares of the company rose about 16 percent to $12.84 in premarket trading.
PARIS, Nov 5- European shares set new five-year highs on Tuesday before dipping after mixed results from blue chips, with uncertainty in the run-up to an ECB policy meeting also keeping investor enthusiasm in check.
*BlackBerry shares fall after company abandons sale, replaces CEO. NEW YORK, Nov 4- U.S. stocks ended higher on Monday in light trading volume as investors were reluctant to make big bets with S&P 500 index just below the all-time closing high.
*BlackBerry abandons sale plans, to replace CEO. Still, U.S.-listed shares of Blackberry tumbled 21.1 percent to $6.13 in premarket trade after the smartphone maker said it was abandoning a plan to sell itself and instead, would replace its chief executive officer.
HONG KONG, Nov 4- China shares made a sluggish start to the week, with the property sector a key underperformer on media reports one city is increasing minimum downpayments on second home purchases in a bid to stem price rises.
*Markets quiet with Japan on holiday. SYDNEY, Nov 4- Asian stocks eased on Monday in sluggish trade as investors chose discretion over valour ahead of central bank meetings in Europe and the always-critical U.S. payrolls report. MSCI's broadest index of Asia-Pacific shares outside Japan was just a shade softer at 478.58.
A 'lack of emotional buy-in' and culture clashes are to blame for deals that fail to live up to their promise, a new report finds.
Fairfax Financial is struggling to raise financing several large lenders turned down its requests, Reuters reported Friday.
SAN FRANCISCO, Nov 1- Morningstar on Friday joined three other brokerages in setting price targets for Twitter Inc well above its IPO price range, suggesting the stock has room to rise at least 30 percent. Last month, Pivotal Research had set its price target for the social media micro-messaging company at $29 a share, SunTrust at $50 and Topeka Capital at $54.
Nov 1- J.C. Penney Co Inc shares rose as much as 10.8 percent on Friday after Wall Street firm ITG Investment Research lifted its sales forecast for the department store chain, citing "improving sales trends" in five of the last seven weeks. Penney shares were up 8.7 percent at $8.15 in afternoon trading and rose as high as $8.31.
Nov 1- CBOE Holdings Inc, which operates the biggest U.S. stock-options market, posted a higher quarterly profit Friday on increased trading of exclusively listed contracts, and its CEO forecast "more to come" as volatility rises to historical norms. CBOE's expenses were lower than many analysts expected, and the company's shares rose in morning trading.
*Sony tumbles 10 pct after slashing guidance. TOKYO, Nov 1- Japanese stocks inched higher on Friday morning, helped by solid earnings from the likes of Panasonic and mobile operator SoftBank Corp, but the mood was somewhat dimmed by a plunge in Sony Corp shares on a profit-warning.
MEXICO CITY, Oct 31- Shares of Mexico's biggest bottling company fell on Thursday as Congress approved a 1 peso- per-liter tax on sugary drinks and an 8 percent tax on junk food as part of a wider tax overhaul. The plan, which was passed by lawmakers after markets closed, aims to curb rising obesity levels as well as lift Mexico's poor tax take.
TOKYO, Nov 1- Asian shares edged down and the dollar inched higher in early trade on Friday after upbeat U.S. economic data prompted some investors to price in a less dovish policy outlook for the U.S.
Oct 31- Women's apparel retailer Body Central Corp reported a larger-than-expected quarterly loss as it struggled to attract customers, sending its shares down 20 percent after the bell. Apparel retailers including Aeropostale Inc and Abercrombie& Fitch Co also reported weak quarterly results as customers restrain spending in an uncertain economy.
LOS ANGELES, Oct 31- U.S. solar company First Solar Inc on Thursday reported quarterly results that blew past estimates and raised its earnings outlook for the year as it began recognizing revenue from a major project in California, sending shares higher. First Solar shares were up 6.2 percent at $53.40 in extended trade after closing at $50.30 on the Nasdaq.
With this handful of names, you think you're investing in one type of company when you’re really getting a completely different product.