Andrew Duff, Piper Jaffray Chairman & CEO, discusses global bond yields, the U.S. economy and M&A activity. » Read More
Oct 30- The exit of Apple Inc's longtime mobile software products chief may be a surprise, but a band of able executives led by Tim Cook and a bigger role for design boss Jonathan Ive meant the company was in good hands, analysts said on Tuesday.
Oct 26- Low interest rates are turning out to be a big boon for Moody's Corp.. Moody's reported a 41 percent jump in quarterly profit on Friday and raised its full-year earnings forecast for the second time in six weeks on a wave of new debt issues, many from corporations looking to cut their interest expense.
*Net income $183.9 million vs $130.7 million year earlier. Oct 26- Bond rating company Moody's Corp reported a 41 percent jump in quarterly profit on Friday and raised its full-year earnings forecast for the second time in six weeks, sparking a nearly 8 percent jump in the stock. Moody's stock rose 7.7 percent to $49.24 on the New York Stock Exchange.
SAN FRANCISCO, Oct 24- Amid the fanfare accompanying the noisy launch of the iPad mini this week, Apple Inc also took the wraps off new Mac computers.
Oct 24- Chemical company PolyOne Corp struck a $246 million deal to buy plastic products maker Spartech Corp, a maker of bulletproof barriers and aircraft cabin windows, to enter new markets. PolyOne stock rose as much as 9 percent to an all-time high of $18.32 on the New York Stock Exchange while Spartech shares lept 65 percent to a 20- month high of $8.48.
MINNEAPOLIS-- Investment bank Piper Jaffray Cos. said Wednesday that it turned a profit in the third quarter on stronger results from both its capital markets and asset management businesses. Piper Jaffray said revenue for its capital markets business climbed 42 percent on increased equity financing and fixed-income financing revenue.
Einstein Noah Restaurant Group Inc., which is also considering selling itself, said that it expects to report net income of $3.4 million on revenue of $105.5 million for the quarter that ended on Oct. 2. That falls short of the $3.6 million in profit and $108.3 million in revenue that analysts polled by FactSet were expecting.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Wells Fargo& Co., down 93 cents at $34.25. STMicroelectronics NV, up 36 cents at $6.
NEW YORK-- Shares of XenoPort Inc. fell Friday after a Piper Jaffray analyst downgraded the stock, saying the company's experimental multiple sclerosis drug is years away from marketing approval or a development partnership.
HONG KONG, Oct 12- China's state-owned insurer PICC Group is tentatively looking to start pre-marketing its proposed up to $3 billion Hong Kong initial public offering in mid-November, IFR reported on Friday citing sources. PICC is planning to raise as much as $6 billion through a dual listing in Hong Kong and Shanghai, sources previously told Reuters.
*Piper Jaffray starts eMagin Corp with overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Oct 11- Apollo Group Inc:. *Piper Jaffray cuts Apollo Group Inc price target to $34 from $37;. Reuters Station users, click. 1580.
Oct 11- Le Groupe Jean Coutu PJC Inc:. *Desjardins Capital raises Jean Coutu Group to buy from hold; target. Reuters Station users, click. 1568.
Oct 11- Le Groupe Jean Coutu PJC Inc:. *CIBC raises Jean Coutu Group target price to C $16 from C $15 For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568.
NEW YORK-- Higher One's stock declined more than 7 percent Thursday as Piper Jaffray cut its rating and price target for the college payment services company, saying its 2012 and 2013 forecasts are at risk due to challenging enrollment trends.
TORONTO, Oct 10- Canada's main stock index hit its lowest closing level in nearly five weeks on Wednesday, driven downward by falling financial and energy shares after the start of the U.S. earnings season flashed mixed signals for the global economy. posting a quarterly net loss and a weaker consumption outlook for China, while Chevron's.
TORONTO, Oct 10- Canadian pharmacy chain Jean Coutu Group Inc reported a rise in adjusted quarterly earnings on Wednesday as its generic drug manufacturing subsidiary, Pro Doc, posted a double-digit gain in sales and operating income.
TORONTO, Oct 10- Canadian pharmacy chain Jean Coutu Group Inc reported a rise in adjusted quarterly earnings on Wednesday, as its generic drug manufacturing subsidiary Pro Doc posted a double-digit gain in sales and operating income.
*Aurico Gold said it had agreed to sell the Ocampo mine in Mexico, as well as adjacent exploration projects and a 50 percent stake in the Orion project, to tycoon Carlos Slim's Minera Frisco for $750 million.
Oct 10- Canadian pharmacy chain Jean Coutu Group Inc reported a rise in adjusted quarterly earnings on Wednesday, as its generic drug manufacturing subsidiary Pro Doc posted a double-digit gain in sales and operating income.