Cerberus struck a $9 billion-plus deal to buy grocery giant Safeway—a tie-up that should be a win for the consumer.» Read More
Oct 9- Family Dollar Stores Inc said on Wednesday it was taking a cautious approach to 2014 as shoppers focus on basics, and posted a better-than-expected quarterly profit as its focus on controlling costs helped offset weaker-than-expected sales.
*Geely sinks after stake sale by Goldman Sachs arm. HONG KONG, Oct 9- Hong Kong shares sank early Wednesday, with investors taking some profit on the outperforming technology sector as the U.S. fiscal impasse sapped confidence that the world's largest economy will avert a debt default.
Oct 8- U.S. tax preparer H&R Block Inc is planning to terminate the sale of its banking assets to a unit of Republic Bancorp Inc, sending shares down 6 percent in extended trading. H&R Block in July said it would sell its banking unit to avoid a sharp rise in costs associated with the introduction of stricter banking rules by the U.S.
Oct 8- KFC parent Yum Brands Inc on Tuesday warned that sales at established restaurants in China, its top market, are unlikely to rebound in the fourth quarter, as it had expected, and its shares fell almost 7 percent in extended trading.
Oct 8- KFC parent Yum Brands Inc on Tuesday warned that sales at established restaurants in its top market of China are unlikely to rebound in the fourth quarter, as it had expected, and its shares tumbled 6.5 percent in extended trading.
NEW YORK, Oct 8- U.S. stocks slid on Tuesday as traders cashed in gains in some of the year's best performers amid little progress to end a political crisis in Washington that could affect the U.S. fiscal standing and economic recovery. Shares of LinkedIn lost 5.9 percent to $223.14, and Netflix fell 4.7 percent to $303.06.
CALGARY, Alberta, Oct 7- Talisman Energy Inc shares surged in after-hours trading on Monday after activist investor Carl Icahn said he had purchased about 61 million shares of the underperforming Canadian oil producer and may seek a seat on the company's board. The stock closed at $12.75 in New York on Monday.
CALGARY, Alberta, Oct 7- Talisman Energy Inc shares surged in after-hours trading on Monday after activist investor Carl Icahn said he has purchased about 61 million shares of the underperforming Canadian oil producer and may seek a seat on the company's board.
WASHINGTON, Oct 7- Shares of Lockheed Martin Corp, the Pentagon's biggest supplier, and other defense companies rallied on Monday after Defense Secretary Chuck Hagel recalled most civilian defense employees despite the ongoing shutdown of the U.S. government.
The potential interest from strategic buyers, along with the recent decline in BlackBerry's share price prompted Macquarie analyst Kevin Smithen to upgrade his rating on BlackBerry to "neutral" from "underperform."
HONG KONG, Oct 7- Hong Kong shares fell on Monday, led by Sun Hung Kai Properties on fears of weak demand after local media said the world's second-largest real estate developer was offering cash discounts at a relaunched project. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.9 percent.
TOKYO, Oct 7- Shares of loss-making Japanese electronics company Sharp Corp slid to a near six-month low on Monday ahead of the pricing of a $1.5 billion share issue that some fear could wipe close to a third off the value of existing investors' holdings.
TOKYO, Oct 7- Shares of Japan Airlines Co rose 2.1 percent in early trade on Monday after sources said the company was close to sealing a multi-billion-dollar deal to buy EADS subsidiary Airbus's aircraft.
NEW YORK, Oct 4- Shares of Tweeter Home Entertainment Group surged on Friday as misguided investors apparently viewed the stock as an unbelievable opportunity to jump into the not yet publicly traded Twitter Inc..
HONG KONG, Oct 4- Hong Kong shares finished the week on a lackluster note, as investors took profit on the outperforming Macau casino sector and telecom counters dropped on uncertainty about Chinese pricing policy. The Hang Seng Index ended down 0.3 percent on Friday, at 23,138.5 points, and was also off 0.3 percent for the week.
*HSI -0.5 pct, H-shares -0.2 pct, China shut for holiday. *China telcos sink on pricing policy uncertainty. HONG KONG, Oct 4- Hong Kong shares slipped early Friday as investors took profit on the outperforming Macau casino sector and uncertainty about Chinese policy on pricing hit telecom counters.
LOS ANGELES, Oct 3- Shares of Clean Energy Fuels Corp fell 5.8 percent on Thursday after the company said it would distribute a renewable natural gas made from organic waste at some of its fueling stations, disappointing investors who had bid up the stock this week on the chief executive's Twitter promise of "big news."
LOS ANGELES, Oct 3- Shares of Clean Energy Fuels Corp fell 5.5 percent on Thursday after the company said it would distribute a renewable natural gas at some fueling stations, disappointing investors who had bid up the stock this week on the chief executive's Twitter promise of "big news."
Oct 3- Eli Lilly and Co, which is trying to rebound from painful patent expirations on its medicines, said on Thursday that it would have to cut costs to achieve its financial goals through 2014.. These "headwinds" will make it challenging for the company to meet its minimum revenue goal of $20 billion in 2014, Chief Financial Officer Derica Rice said.
A person familiar with the matter told Reuters that private equity group Cerberus Capital Management LP was considering an offer for BlackBerry, which put itself on the block in August after bleeding market share to other smartphone makers.