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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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*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.
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The CSI300 of top Shanghai and Shenzhen listings fell 0.6 percent to 2,258.5 while the Shanghai Composite shed 0.4 percent to close at 2,074.7.
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*MSCI Asia ex- Japan edges up to 16- month high. European shares were likely to crawl higher too, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX will open as much as 0.3 percent higher. MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.3 percent to a 16- month high.
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Dec. 10 marks the busiest shipping day of the year for FedEx. The couriers and drivers will deliver 19 million packages on Monday — a nearly 11% increase from 2011.
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Of the two thousand Hostess Brands documents filed in the last year with the U.S. Bankruptcy Court a handwritten, five-page letter on loose-leaf notebook paper – that stands out the most.
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TOKYO, Dec 10- Japan's Nikkei share average rose to a seven-month high in early trade on Monday after a better-than-expected U.S. jobs report, while a weak yen also boosted the shares of exporters.
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China's largest maker of auto parts won a politically sensitive auction for A123 Systems, a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, the investment banker for A123 said on Saturday.
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Canada has approved China's biggest ever foreign takeover, the $15.1 billion bid from CNOOC for energy company Nexen, but has drawn a line in the sand against future buys by state-owned enterprises.
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OTTAWA, Dec 7- Shares of Nexen Inc and Progress Energy Resources Corp tumbled after the Canadian government scheduled a media briefing on Friday amid expectations that it would announce decisions on high-profile bids by China's CNOOC Ltd and Malaysia's Petronas to buy the energy producers.
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Apple's plans to make a Mac line in the U.S. next year offers a glimpse of what the return of American manufacturing will look like.
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Apple's market capitalization fell below $500 billion on Thursday as shares of the world's most valuable listed company continued to slide.
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Dec 6- Talison Lithium Ltd said on Thursday it is now backing a sweetened takeover bid from China's Chengdu Tianqi Industry Group Co, which values the lithium producer at C $847 million. Shares of the Perth- based, Toronto- listed miner rose more than 6 percent Thursday morning but were still below the revised Tianqi offer of C $7.50 per share.
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JPMorgan investment bank chairman James E. "Jes" Staley is plotting his next move.
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FRANKFURT, Dec 6- German carmarker Daimler raised over $2 billion from a lightning sale of shares in Airbus parent EADS on Thursday, making it the first beneficiary of a shake-up of the European aerospace company that sent EADS shares higher.