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Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.
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BEIJING, April 23- China's local government financing vehicles face mounting pressure to repay bank credit as nearly 40 percent of loans are coming due by 2016, the China Business News reported on Tuesday, citing official data.
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April 22- GlaxoSmithKline said on Monday it will partner with venture capitalists Avalon Ventures in a deal worth up to $495 million to fund as many as 10 drug-discovery startup companies over the next three years.
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Headlines can look great, but dig down and you may uncover some concerning information, said Cramer.
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April 22- The U.S. Department of Energy recovered $21 million cash from struggling green car company Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development. The DOE recouped the cash on April 11, DOE spokeswoman Aoife McCarthy said in a statement.
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April 22- Texas Instruments Inc posted first-quarter earnings and revenue that were slightly ahead of Wall Street expectations and it forecast growth for the current quarter on improving demand for its chips, sending its shares up 1 percent in late trade.
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April 22- Netflix Inc reported on Monday a first-quarter profit that beat Wall Street expectations as the dominant video rental service added new streaming subscribers in the United States. Netflix shares soared to $207.39 in after-hours trading, rising 19 percent from a close of $174.37 on Nasdaq.
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*News Corp to get $139 mln in insurance proceeds. April 22- News Corp will receive $139 million worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company's phone hacking scandal.
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April 22- Netflix Inc's profit rose in the first quarter as the dominant video rental service added new streaming subscribers in the United States, the company reported on Monday. For January through March, Netflix recorded $3 million in net income and earnings per share of 5 cents.
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Although the downsizing trend has yet to materialize in national data for baby boomers, the predicted benefits may be too good to ignore.
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*Halliburton and Caterpillar rise after results. Caterpillar Inc and Halliburton ranked among the S&P 500' s biggest gainers after reporting results. Caterpillar's stock gained 2.6 percent to $82.55.
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*News Corp to get $139 mln in insurance proceeds. April 22- News Corp will receive $139 million worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company's phone hacking scandal.
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*Halliburton rallies after results, Caterpillar up modestly. General Electric Co and McDonald's Corp both fell for a fourth straight day, extending declines from Friday, when both Dow components reported lackluster results. McDonald's lost 1.2 percent to $98.66 in midday trading on Monday.
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KAMPALA, April 22- Foreign donors have withdrawn almost all direct budget support to Uganda over graft concerns, a budget paper shows, with the finance ministry advocating tax hikes to plug the resultant hole in its public finances.
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April 22- News Corp on Monday said it recovered a $139 million in insurance proceeds in a settlement with shareholders over the board of directors' actions related to the company's phone hacking scandal and its acquisition of Shine studios.
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April 22- News Corp said on Monday it reached a $139 million settlement with shareholders over the board of directors' actions related to the company's phone hacking scandal. News Corp also said it would adopt enhanced corporate governance procedures, which would stay in place after the company's pending split.
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April 22- News Corp on Monday said it reached a deal to settle shareholder litigation over the board of directors' actions related to the company's phone hacking scandal and other earlier matters.
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*Halliburton rallies in premarket after results. NEW YORK, April 22- U.S. stock index futures were higher on Monday, rebounding from stocks' worst week in 2013, as the latest quarterly earnings included major companies ranging from Caterpillar Inc to Halliburton Co to Texas Instruments Inc..
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*Halliburton rallies in premarket after results. *Power-One soars after $1 billion purchase offer from ABB. NEW YORK, April 22- U.S. stock index futures were higher on Monday, rebounding from stocks' worst week 2013, as the latest quarterly earnings included major companies ranging from Caterpillar Inc to Halliburton Co to Texas Instruments Inc..
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WASHINGTON, April 20- Mexico is making good progress towards a "large" reform of its inefficient taxation system, with details of the overhaul expected this fall, Finance Minister Luis Videgaray said on Saturday.
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April 19- ManpowerGroup Inc, the world's No.3 staffing company, reported a strong adjusted quarterly profit as cost cuts propped up margins even though European sales declined sharply, and said margins could slightly expand in the second quarter. They were up 4 percent at $53.47 on the New York Stock Exchange on Friday.