Nikkei Rises to Fresh Highs Ahead of BOJ
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ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
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.160x105.jpg?v=1368731367 "In Fed-Driven Rally, Stocks Get Scarce")
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Dec 13- Best Buy Co Inc shares rose as much as 19 percent on Thursday after the Minneapolis Star Tribune reported that company founder Richard Schulze will make a fully financed offer to take the company private by Saturday this week.
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Dec 13- Adobe Systems Inc, maker of Photoshop and Acrobat software, posted a better-than-expected fourth-quarter profit on lower expenses, sending its shares up 6 percent after the bell. Net income rose to $222.3 million, or 44 cents per share, from $173.7 million, or 35 cents per share, a year earlier.
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Dec 13- Shares of SolarCity Corp jumped nearly 50 percent during their market debut on Thursday, a day after the company was forced to slash its IPO price to attract investors skittish about putting money into the volatile clean technology industry. It hit a session high of $12.70, just 30 cents shy of the low end of the company's original proposed pricing range.
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The software company reported quarterly earnings and revenue that topped forecasts, sending its shares higher after-hours.
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Dec 13- Best Buy Co Inc shares rose as much as 17 percent on Thursday as it became clearer that company founder Richard Schulze may have firmed up financing to buy out the consumer electronics retailer.
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Dec 13- Shares of SolarCity Corp jumped more than 50 percent during their market debut on Thursday, approaching the valuation the solar power company had sought before it was forced to slash its IPO price. The San Mateo, California- based company backed by technology entrepreneur Elon Musk sold 11.5 million shares at $8, raising $92 million.
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Dec 13- Best Buy Co Inc shares rose over as much as 17 percent on Thursday as it became clearer that company founder Richard Schulze may have firmed up financing to buy out the consumer electronics retailer.
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Dec 13- Shares of SolarCity Corp jumped more than 30 percent during their market debut on Thursday, after the clean technology company slashed its IPO price. The San Mateo, California- based company backed by technology entrepreneur Elon Musk sold 11.5 million shares at $8, raising $92 million.
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Dec 13- Shares of SolarCity Corp jumped 16 percent during their market debut on Thursday, after the company slashed its IPO price. The San Mateo, California- based company backed by technology entrepreneur Elon Musk sold 11.5 million shares at $8, raising $92 million. It initially had planned to sell 10.1 million shares between $13 and $15 per share.
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Stocks ended in negative territory Thursday, with the S&P 500 snapping a six-day win streak, as ongoing jitters over the "fiscal cliff" negotiations kept investors nervous.
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Best Buy founder Richard Schulze is expected to make a fully financed offer to buy the consumer electronics retailer by the end of the week.
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Dec 13- Best Buy Co Inc founder Richard Schulze is expected to make a fully financed offer to buy the consumer electronics retailer by the end of the week, the Minneapolis Star Tribune reported late Wednesday, citing a source. Best Buy declined to comment on the report. Best Buy shares were up 12.2 percent to $13.66 in premarket trading.
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Several large consumer-technology stocks have bounced after long sell-offs, and one trader is betting that Sony will join the crowd.
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*Foreign investors remain optimistic on China. In China, the CSI300 and the Shanghai Composite both eased 0.7 percent with energy and banking shares hit by mild profit-taking. Utilities were weak in Hong Kong. led by a 3.4 percent drop for CLP Holdings after it $982 million in new shares to fund expansion.
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Indonesia-focused miner Bumi moved closer to divorcing the Bakrie family that co-founded it, announcing the departure of its Bakrie-supported chief executive and plans to sell its stake in unit Bumi Resources soon.
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Dec 12- U.S. oil and gas company Hess Corp said on Wednesday it made an oil discovery off Ghana at the Deepwater Tano/ Cape Three Points license. The oil found at Hess's Pecan-1 well marks its fifth discovery in the block, the New York company said. Shares of Hess climbed nearly 3 percent to $51.98 in morning New York Stock Exchange trading.
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*Technology shares lift markets, Apple up 2 pct. NEW YORK, Dec 11- Wall Street opened higher on Tuesday, lifted by gains in shares of technology companies as investors picked up some recent laggards, including Apple. Apple was recently up 2.5 percent at $543.18.
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Dec 11- Billionaire John Malone's Liberty Interactive Corp took control of travel information site TripAdvisor Inc after it bought about 5 million shares in the company from media veteran Barry Diller. Shares of TripAdvisor jumped 7 percent to $41.12 on the Nasdaq, while those of peers Expedia Inc and Orbitz Worldwide Inc were also up in morning trade.
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The $16 billion Facebook share offering made the U.S. the biggest global market for initial public offerings (IPOs) for the first time since 2008 this year, according to figures from Dealogic.
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ThyssenKrupp, Germany's top steelmaker, posted a massive 4.7 billion euro ($6.1 billion) net loss for the year as it took a painful write-down on steel mills in the United States and Brazil that it is trying to sell.