US hedge fund managers are looking to introduce new investment vehicles as investors scorn low bond yields.» Read More
Follows offer from Shucheng to buy Suntech's China subsidiary. *Rising demand for solar products means injection makes sense for China- economist.
NEW YORK, Oct 30- When Campbell Soup Co was losing market share to private label brands and smaller competitors in recent years, it could have used another pop superstar like Andy Warhol to try to make its brand hip again, especially with 20- somethings. Investors have embraced the initiatives, pushing Campbell stock up more than 30 percent in the last two years.
*Cuts 2013 trading profit forecast to 3.5- 3.8 bln euros. *Weak Latam and loss in Europe offset Chrysler profit. MILAN/ DETROIT, Oct 30- Italian carmaker Fiat cut its 2013 profit and sales forecasts on Wednesday as a third-quarter slump in Latin America offset a strong performance at Chrysler, the No.3 U.S. automaker it controls.
DETROIT/ MILAN, Oct 30- Italian automaker Fiat cut its 2013 financial targets on Wednesday as a third-quarter revenue slump in crucial Latin American markets offset a strong performance at Chrysler, the No.3 U.S. automaker it controls.
Oct 29- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, sold some Canadian real estate assets for $383 million and said it is considering separating its Lands' End clothing and auto center businesses to raise cash.
NEW YORK, Oct 29- Fitch said Tuesday that it will not consider giving its highest AAA rating to securitized products based on single-family rentals, as the first such deal gets ready to come to market. Deutsche Bank, Credit Suisse and JP Morgan will be pitching the deal at investor meetings in New York, Boston, and Los Angeles this week.
Oct 29- Sears Holdings Corp is considering splitting off its Lands' End clothing and Sears Auto Center businesses, after another quarter of declining same-store sales. The company's shares rose 7 percent, as investors assessed the latest attempt by the operator of Sears department stores and the Kmart discount chain to turn around its business.
WELLINGTON, Oct 29- Meridian Energy Ltd staged a successful debut on Tuesday after New Zealand's government went to great lengths to win over investors, but even more in the way of sweeteners may be needed for the country's next asset sale.
*Expansion into Asia paying off. SYDNEY, Oct 29- Australia and New Zealand Banking Group Ltd reaped gains from its focus on Asia to book a fourth straight year of record profits and offered a better-than-expected dividend payout, sending its shares to an all-time high.
Oct 28- Apple Inc's profit and margins slid despite selling a solid 33.8 million iPhones in its September quarter, prompting disappointed investors to cash in some of the stock's recent strong gains. Shares in Apple, which have gained 17 percent since, slipped about 2 percent after hours to $519.10 on Monday.
Oct 28- Merck& Co Inc reported better-than-expected third-quarter earnings on Monday thanks to cost cutting, but lower sales of its Januvia diabetes treatment added fresh evidence its biggest product was losing ground to newer drugs.
*Home mortgage market key profit centre for Australia's Big Four banks. SYDNEY, Oct 28- Australia's largest investment bank Macquarie Group Ltd is pushing rapidly into home mortgages, threatening to disrupt a highly profitable segment of the banking industry long dominated by the country's top four lenders.
*Home mortgage market key profit centre for Australia's Big Four banks. SYDNEY, Oct 28- Australia's largest investment bank Macquarie Group Ltd is pushing rapidly into home mortgages, threatening to disrupt a highly profitable segment of the banking industry long been dominated by the country's top four lenders.
Shares of Tesla Motors Inc have soared more than 410 percent this year as the electric car maker, run by billionaire Elon Musk, beat Wall Street's earnings estimates and forced hedge fund managers who had shorted the stock to buy it to cover their positions.
Oct 24- Amazon.com Inc posted a narrower quarterly loss and grew sales by a better-than-expected 24 percent on Thursday as it expanded aggressively at home and made inroads overseas, sending its shares up 8 percent. Amazon forecast sales of between $23.5 billion to $26.5 billion, which analysts called conservative.
Oct 24- Two groups with particular reason to be grateful about the Federal Reserve's never-never taper are the people at Blackstone and Pinterest.
Oct 24- Royal Caribbean Cruises Ltd reported strong bookings for 2014 as more vacationers opted for its Europe cruises, helping the world's second-largest cruise operator take market share from Carnival Corp..
Oct 24- Boston Scientific Corp, which is in the midst of an attempted turnaround, reported weak sales of its heart stents and provided a disappointing fourth-quarter company sales forecast, sending its shares almost 7 percent lower on Thursday.
Last August, China fined six companies, including Mead Johnson, a total of $110 million following an investigation into price-fixing and anti-competitive practices by foreign makers of baby formula. Strong volume growth in China and Hong Kong accounted for most of the company's rise in profit. "I think some of it's China.
Oct 23- Bristol-Myers Squibb Co reported better-than-expected quarterly earnings, fueled by strong sales of cancer and diabetes drugs, but weak demand for its new Eliquis blood clot medicine dampened investor enthusiasm.