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John Rogers, President and CEO of CFA talks the importance of creating a professional standard in the financial industry.
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HONG KONG, May 24- Hong Kong shares are set to open flat on Friday, with PC maker Lenovo Group Ltd up 4 percent to be the top percentage gainer among Hang Seng Index components, extending gains after it reported a forecast-beating quarterly profit. The Hang Seng Index was set to open flat at 22,679.36.
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May 23- Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.
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WHITE PLAINS, N.Y.-- Agribusiness and food company Bunge Ltd. said Thursday it is raising its quarterly dividend to 30 cents from 27 cents. The company's next dividend is payable Sept. 3 to shareholders of record on Aug. 20. Bunge also said it will pay a dividend of $1.22 on 4.875% cumulative convertible perpetual preference shares.
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*MBIA, FGIC to recoup about $1 billion. NEW YORK, May 23- While bond insurers MBIA Inc and FGIC Corp receive the lion's share of Ally Financial Inc's $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson& Co may have obtained a better deal.
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NEW YORK-- New York& Company Inc. posted a profit for its fiscal first quarter as the clothing company improved its pricing and merchandise selection. The company reported net income of $1.6 million, or 3 cents per share, for the quarter that ended May 4.
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The Republican-dominated House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system.
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Tesla described itself as the only American car company to have fully repaid government loans, but Chrysler called that statement "unmistakably incorrect."
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SANTA CLARA, Calif.-- Chip maker Marvell Technology Group Ltd. said Thursday that its first-quarter net income fell sharply as revenue declined, but the results beat Wall Street's expectations. Excluding special items, Marvell earned 19 cents per share in the latest quarter.
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NEW YORK-- Teen clothing store chain Aeropostale Inc. posted a loss in the first quarter, reversing a year-ago profit, as sales declined. The New York- based company booked a loss of $12.2 million, or 16 cents per share, in the three months that ended on May 4.
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PLEASANTON, Calif.-- Ross Stores Inc.' s fiscal first-quarter revenue came in ahead of market expectations as consumers continued to show a desire for a deal. The Pleasanton, Calif., company's net income increased to $234.6 million, or $1.07 per share, for three months ended May 4, from $208.6 million, or 93 cents per share, in the 2012 first quarter.
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May 23- Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia. The company, which also owns Banana Republic, posted net income of $333 million, or 71 cents per share, for the quarter ended May 4, up 42.9 percent from $223 million, or 47 cents per share, a year earlier.
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May 23- Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia.
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DETROIT, May 23- Chrysler Group LLC and Tesla Motors Inc, both led by media-savvy executives, are trading public jabs over the definition of payback. Tesla wired $452 million on Wednesday to repay the remaining portion of its U.S. Department of Energy loan with interest.
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NEW YORK-- The financial services company ING U.S. Inc. said Thursday that its first-quarter loss narrowed, helped by better results at its retirement and annuities businesses. ING U.S. is part of Dutch financial services provider ING Groep NV.
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NEW YORK-- Alkermes PLC said Thursday that it was profitable in its fiscal fourth quarter as it received bigger royalty payments and more revenue for drug manufacturing. Alkermes said it earned $3 million, or 2 cents per share, over the three months ended March 31.
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*Earned C $1.90 a share, vs analysts' forecast of C $1.91. TORONTO, May 23- Toronto-Dominion Bank reported a 2 percent increase in quarterly earnings as higher trading, business lending and U.S. banking income offset slowing loan growth in its core Canadian market.
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TAMPA, Fla.-- Bloomin' Brands Inc., the parent company of Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill, on Thursday priced its secondary offering of 19 million shares of its stock at $21.50 per share. Bloomin' Brands will not receive any proceeds from the offering. Bloomin' Brands, based in Tampa, Fla., said the offering is expected to close May 29.
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*Hikes size to $465 mln from $350 mln. DUBAI, May 23- National Bank of Abu Dhabi, the UAE's largest lender by market value, has increased its convertible bond offering to $465 million following high demand from investors for a rare convertible from the Gulf region. NBAD shares closed on Thursday at 12.05 dirhams.
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MOSCOW-- Russia's deputy prime minister said Thursday that Rosneft's CEO has assured him the interests of disgruntled minority shareholders in oil firm TNK-BP would be respected. TNK-BP, Russia's third-largest oil company, was taken over by Rosneft last year.
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MIAMI-- Perry Ellis' fiscal first-quarter net income climbed 17 percent thanks in part to the sale of some assets. The company still topped Wall Street profit predictions even with those asset sales removed, but revenue fell just shy. The Miami clothing company earned $11.3 million, or 74 cents per share, for the three months ended May 4.