The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.» Read More
The so-called Troubled Asset Relief Program has neared the end of the road. And its key architects have moved on.
Billionaire activist investors Carl Icahn and Bill Ackman are at it again.
Honeywell posted earnings and revenue a shade above expectations.
HONG KONG, Jan 25- China shares closed at their lowest in more than a week on Friday, as distiller Kweichow Moutai tumbled 3.5 percent despite reporting a 2012 profit rise of about 50 percent. The CSI300 of the top Shanghai and Shenzhen A-share listings closed down 0.4 percent at 2,571.7. Both closed at their lowest since Jan. 17.
*China Unicom leads telco peers down after official data. HONG KONG, Jan 25- Hong Kong shares are set for a third straight day of losses on Friday, deepening declines on the week as investors rotated into laggards while China's markets stayed weak after a strong start to the year.
*MSCI Asia ex- Japan drops as tech-heavy Seoul shares fall. TOKYO, Jan 25- Asian shares fell on Friday, hurt by a drop in regional technology stocks, although gains in Australia and Japan contained overall losses for equities. The MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.7 percent, led by a 1.7 percent slide in the technology sector.
Jan 24- Starbucks Corp reported stronger-than-expected sales in the United States and Asia despite economic uncertainty worldwide, offsetting unexpected costs including the bill for cleaning up after Superstorm Sandy.
AT&T earnings missed by a penny but revenue growth was faster than expected, helped by strong sales of smartphones like Apple's iPhone.
AIG has hired a lobbying firm after a four-year self-imposed ban from lobbying while the company was owned by U.S. taxpayers.
*Southwest adjusted profit 9 cents vs estimate 8 cents. Jan 24- United Continental Holdings Inc recorded a bigger quarterly loss and Southwest Airlines Co posted lower profit on Thursday, but results topped expectations and the carriers said current bookings were solid. United Continental shares jumped 3 percent, while Southwest moved up 2 percent.
TORONTO, Jan 24- Shares of Research In Motion Ltd rose 4 percent on Thursday after a report quoting China's Lenovo Group as saying a bid for the BlackBerry maker was among the options for boosting its mobile business.
Jan 24- Electronic products distributor Avnet Inc forecast current-quarter results above analysts' estimates after reporting a better-than-expected second quarter, sending its shares up 9 percent in premarket trading.
Jan 24- Xerox Corp reported quarterly earnings slightly above expectations on Thursday and reiterated its full-year targets as it restructures parts of its business. Xerox stock gained 2.9 percent to $7.86 in premarket trading. For the first three month of 2013, Xerox expects earnings to be in a range of 23 cents to 25 cents per share.
Southwest Airlines could change its policy of not charging baggage fees at some point, CEO Gary Kelly said on CNBC.
Jan 24- Weaker-than-expected holiday sales of Apple Inc's iPhone reinforced fears that it is losing its dominance in smartphones, driving its shares down 9 percent in premarket trading and drawing another round of stock price target cuts. Jefferies& Co cut its rating on Apple's stock to "hold" from "buy" and slashed its share price target by $300 to $500.
*Apple suppliers tumble after Apple's revenue miss. HONG KONG, Jan 24- China shares surrendered strong early gains on Thursday, weighing on Hong Kong, after North Korea said it was proceeding with plans for more rocket launches and a nuclear test.
Apple's disappointing earnings could rattle the market Thursday, as investors assess the damage to the stock and the broader tech sector.
TOKYO, Jan 24- Asian shares fell on Thursday as investors were cautious ahead of manufacturing data from China, while a sharp slide in Apple Inc shares following its earnings report also capped demand.
SAN FRANCISCO, Jan 23- Apple Inc missed revenue expectations for the third straight quarter after sales of its flagship iPhone came in below Wall Street's targets, driving its shares down 6 percent.
Jan 23- Video subscription service Netflix Inc reported a quarterly profit as the company added subscribers in the United States and abroad, sending its shares 27 percent higher. Netflix had warned Wall Street it expected a loss for the quarter. Shares of the company surged 27 percent after Netflix released its results, reaching $131.60 in after-hours trading.