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  • Infosys shares rise as it sticks to growth targets Friday, 9 Jan 2015 | 12:21 PM ET
    Employees walk past an Infosys Ltd. logo at the company's campus in Electronics City in Bangalore, India.

    Infosys shares rose after it reaffirmed its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar.

  • BENGALURU, Jan 9- Shares in software services exporter Infosys Ltd rose almost 7 percent on Friday after it surprised investors by sticking to its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar. Infosys, which posted a 13 percent rise in third-quarter profit, confirmed it expects sales growth of 7 to 9 percent...

  • European shares slip, Santander slumps 10 pct Friday, 9 Jan 2015 | 4:19 AM ET

    LONDON, Jan 9- European shares snapped a two-day winning streak on Friday, ahead of key U.S. non-farm payrolls data, with Spain's Banco Santander sliding over 10 percent after unveiling a capital hike and dividend cut. The selling pressure dragged Spain's benchmark IBEX index down 2 percent, heavily underperforming the pan-European FTSEurofirst 300 index...

  • Jan 8- Conatus Pharmaceuticals Inc said on Thursday initial results from small early stage trials supported continued development of its experimental drug for patients with cirrhosis and liver impairment. But shares of the tiny company fell 36 percent to $6.60 after markets closed, giving back gains seen earlier this week following the announcement that...

  • BUZZ-YAHOO INC, AOL INC: STARBOARD KEEPS UP PRESSURE TO MERGE@** Yahoo's shares up 2.4 pct at $49.74; AOL's. **Starboard LP writes to Yahoo CEO Marissa Mayer, saying company should explore combination with AOL and cut costs to improve profits. **Up to Wednesday's close, AOL's stock had risen 7.3 pct and Yahoo's stock had risen 24.7 pct since Starboard delivered its...

  • Jan 8- An experimental drug being developed by AbbVie Inc and Neurocrine Biosciences Inc successfully reduced symptoms of endometriosis in pre-menopausal women in the first of two late-stage studies. Neurocrine's stock soared 24 percent to $27.20 in premarket trading on Thursday, while AbbVie's shares were up 1.7 percent at $68.10. After six months of...

  • LISBON, Jan 8- Portugal Telecom SGPS has said next week's shareholder meeting to approve the sale of its former assets by merger partner Oi will take place as planned, quashing media speculation the vote might be postponed and boosting its shares. It was also supported by a ban on short-selling in Portugal Telecom shares declared by the market regulator CMVM for...

  • Jan 6- Department store operator J.C. Penney Co Inc said same-store sales rose 3.7 percent in November and December, boosting its shares and offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Brian Sozzi, head of Belus Capital Advisors, said investors had been overly bearish on J.C. Penney's prospects and...

  • Jan 6- Department store operator J.C. Penney Co Inc said same-store sales for November-December rose 3.7 percent, offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Shares of J.C. Penney, which showed signs of a rebound this year after a failed attempt to move upmarket, jumped 20 percent in extended trading.

  • Jan 6- KaloBios Pharmaceuticals Inc said it would discontinue the development of its drug for lung infections in cystic fibrosis patients after it failed in a mid-stage study, sending the company's shares down 62 percent in extended trading. The company said its drug, KB001-A, did not extend the time before cystic fibrosis patients had to take antibiotics for...

  • Jan 6- CytRx Corp said interim data showed its experimental brain cancer drug was effective in preventing the progression of tumors and even shrunk them. CytRx's drug, aldoxorubicin, was tested in a mid-stage trial on patients with glioblastoma multiforme whose tumors had progressed post surgery and radiation. GBM is the most deadly form of brain cancer and...

  • Jan 6- Cytrx Corp said interim data showed its experimental cancer drug was effective in a mid-stage trial on patients with a deadly form of brain cancer, sending its shares up 33 percent before the bell. Cytrx did not disclose the cause of death at the time. Cytrx shares were at $3.78 in premarket trading on Tuesday.

  • NEW YORK, Jan 6- U.S. stock index futures edged higher on Tuesday following the largest losses on Wall Street since early October and ahead of a large data batch that will show the momentum of the U.S. economy at the end of last year. *AOL Inc shares rose 6.8 percent in premarket trading the day after a report that Verizon Communications approached AOL about a...

  • Jan 5- Money transfer company Xoom Corp said $30.8 million was fraudulently transferred to overseas accounts, sending its shares down 17 percent in extended trading. Xoom also said on Monday that Matt Hibbard resigned as chief financial officer effective immediately. Xoom said the fraud was discovered on Dec. 30 and it expected to take a one-time charge of...

  • NEW YORK, Jan 5- U.S. stock index futures fell on Monday as volume returned to markets after the New Year holiday, with energy shares sliding again as crude prices fell to fresh 5-1/ 2 year lows. Russia's oil output hit a post-Soviet high last year, and Iraq's oil exports were at the highest since 1980 in December. *Shares of Cempra Inc jumped near 30 percent after it moved...

  • European shares slip on Greek political uncertainty Monday, 5 Jan 2015 | 7:11 AM ET

    With political uncertainty in Greece rattling markets before elections later this month, German Vice-Chancellor Sigmar Gabriel said the German government wanted Greece to stay in the euro zone. The Jan. 25 election in Greece could vault the left-wing Syriza party into power, raising the risk of a sovereign default and severe losses for the European Central...

  • Hong Kong shares close down despite mainland gains Monday, 5 Jan 2015 | 3:15 AM ET

    Jan 5- Hong Kong shares fell on Monday, in line with most regional markets, as some China- related shares shed gains rooted in a rally on mainland markets rallies and ended lower. Among the most actively traded stocks on Hong Kong's main board were ICBC, up 0.5 percent at HK $5.80, Bank Of China, up 0.2 percent at HK $4.44 and Renhe Commercial Holdings Co Ltd, up 16.4...

  • Jan 2- Canada- based Yamana Gold Inc said it would seek the annulment of an Argentine court-appointed arbitrator's assessment that the company should pay $244 million to a director of Samco Gold Ltd.. Yamana's Toronto- listed shares fell in the morning after Samco announced the court award, but they recovered after Yamana said it would "vigorously defend"...

  • Weight Watchers shares fall 13.3 percent Friday, 2 Jan 2015 | 4:21 PM ET

    Jan 2- Weight Watchers International Inc shares fell more than 13 percent on Friday, continuing a string of losses as the company tries to boost sales, which in October hit a four-year low. The stock, which has lost almost a quarter of its value in the last eight trading sessions, fell as low as $21.21 on the New York Stock Exchange in heavy trading.

  • Walgreen profit rises 16% on record prescriptions Tuesday, 23 Dec 2014 | 9:23 AM ET
    A Walgreens store is shown in Homestead, Fla.

    U.S. drugstore chain operator Walgreen reported a 16 percent rise in quarterly profit, helped by a record number of prescriptions filled.