MasterCard raised its quarterly dividend by 83 percent and announced a new billion-dollar share buyback program. Shares rose in after-hours trade.» Read More
June 20- Kroger Co, the biggest U.S. supermarket operator, reported higher first-quarter profit on Thursday and raised its forecast for the year, citing strong sales.
June 20- Eastman Kodak Co said on Thursday that it had reached a $895 million financing deal with three Wall Street banks that will help fund its rebirth as commercial imaging business after the former film pioneer emerges from bankruptcy.
LUXEMBOURG, June 20- Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, a long-promised move that aims to break a downward spiral between bad banks and their indebted home countries.
SandRidge Energy's board of directors removed the energy company's founder and chief executive after a months-long struggle with activist investors.
June 20- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported an increase in quarterly profit and raised its annual profit forecast. Kroger's net income for the first quarter ended May 25 rose to $481 million, or 92 cents per share, from $439 million, or 78 cents a share, a year earlier.
June 20- Rite Aid Corp, the No. 3 U.S. drugstore chain, posted its third consecutive quarterly profit on Thursday, helped by sales of higher-margin generic drugs. Rite Aid, which trails Walgreen Co and CVS Caremark Corp in size, has been remodeling stores and emphasizing its loyalty program to attract customers.
*Hirai says Sony's board will consider Third Point's proposal carefully. TOKYO, June 20- Sony Corp shareholders pressed its chief executive on Thursday for a response to a proposal by hedge fund Third Point to spin off its profitable entertainment business, aiming to invigorate its struggling electronics business.
SAN FRANCISCO, June 19- A year after Facebook Inc's fumbled IPO, Wall Street remains slow to recognize what Chief Operating Officer Sheryl Sandberg argues has been an across-the-board improvement in its business.
*Ukraine uses Chinese loan to buy grain for exports. *Ukraine firm sees high flour exports to Middle East. KIEV, June 19- A Chinese state company has started a programme of purchasing grain from Ukraine's state-run grain corporation for export to clients in China, the Middle East and markets further afield, the Ukrainian chief executive said on Wednesday.
June 19- FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia.
June 19- FedEx Corp posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.
*Expects third-quarter revenue $975 mln- $1.03 bln vs est $1.01 bln. *Forecasts adjusted earnings $0.29- 0.35/ share vs est $0.35. Adobe is the latest traditional software company to make a big bet on the cloud-based subscription model pioneered by companies such as Salesforce.com Inc, NetSuite Inc and Google Inc..
June 18- Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.
June 17- Google Inc has settled a shareholder class action lawsuit that clears the way for the company to issue a new class of nonvoting stock, giving the company a currency for acquisitions that would not dilute the founders' control. Google has had two classes of stock since it went public.
June 14- Walter Energy Inc has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, and the coal miner's shares fell after the news. Walter's typically volatile shares dropped sharply after the news, falling 17.2 percent to $12.16 before they were halted pending news on the New York Stock Exchange.
June 14- Walter Energy Inc has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, sending the coal miner's shares lower. The Morgan Stanley- led deal was pulled because of market conditions, the report said.
June 14- Chesapeake Energy Corp shareholders on Friday rejected a proposal to declassify the embattled natural gas driller's board of directors, a step that would have made it easier to replace the entire board in one step.
*Says exports to China and Russia fall on certification issues. June 14- Smithfield Foods Inc, subject of a $4.7 billion bid from China's Shuanghui International, posted a 63 percent drop in quarterly profit as costs rose and exports to China fell due to a ban on an additive it feeds to pigs to produce lean meat.
Inside Goldman Sachs, Gary D. Cohn is the man who is waiting — and waiting — to be king, the NYT reports.
Despite mutibillion-dollar settlements, state and federal regulators are making slow progress in their efforts to prod banks to help mortgage borrowers avoid foreclosure.