Alibaba is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters.» Read More
SHANGHAI, April 29- SAIC Motor Corp, China's biggest automaker, posted a 12.6 percent rise in first-quarter earnings, helped by healthy sales growth at its ventures with Volkswagen AG and General Motors Co.
April 29- Amicus Therapeutics Inc said its lead drug was effective in treating patients with an inherited disease that leads to the accumulation of fat in body cells, sending its shares up as much as 50 percent before the bell. Amicus Therapeutics is testing the drug in another late-stage study for the same indication.
*Q1 operating profit 2.9 bln euros vs 2.3 bln a year ago. BERLIN, April 29- Record sales of luxury Audis and Porsches boosted Volkswagen's operating profit 22 percent in the first quarter, and analysts said they expected the German carmaker to revise its full-year earnings guidance upwards.
April 29- Encana Corp, Canada's largest natural gas producer, said it had agreed to sell about 90,000 net acres in east Texas for about $530 million to an undisclosed buyer, as part of a plan to cut its dependence on low-value natural gas.
DETROIT, April 29- Mercedes is recalling about 284,000 of its C-Class sedans in the United States and Canada because an electrical issue could cause the tail lights to dim or fail, according to the company and documents filed with U.S. safety regulators.
April 29- Standard& Poor's owner McGraw Hill Financial Inc reported a 62 percent rise in quarterly profit, driven mainly by its indices business and Platts, its energy and metals information provider.
*WH Group's decision comes after slashing planned offer size. HONG KONG, April 29- China's WH Group Ltd, the world's biggest pork company, has postponed its planned Hong Kong initial public offering due to weak demand for the deal even after it cut the offer size by two-thirds, sources said on Tuesday.
April 29- Boston Scientific Corp reported a better-than-expected adjusted profit in the first quarter, helped by higher sales of its heart catheters and pain-relieving devices, and raised its adjusted earnings forecast for the full year.
PARIS, April 29- French carmaker PSA Peugeot Citroen launched the second stage of a long-awaited 3 billion euro capital increase to fund its "Back in the Race" recovery plan and tie-up with China's Dongfeng.
April 29- Energy Future Holdings, a Texas power company, filed for bankruptcy protection on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged. The company said it entered bankruptcy with significant deals in place with creditors that would eliminate approximately $40 billion in debt.
April 29- Encana Corp, Canada's largest natural gas producer, said on Tuesday it had agreed to sell about 90,000 net acres in east Texas for about $530 million to an undisclosed buyer.
April 29- Sprint Corp, the No. 3 U.S. mobile provider on Tuesday reported an increase in quarterly revenue in line with analysts' expectations, due to a new billing plan that lowered wireless expenses. The company, which is 80 percent owned by Japan's SoftBank Corp, said it lost 467,000 net subscribers in the quarter.
April 29- Auto parts supplier TRW Automotive Holdings Corp reported better-than-expected quarterly results, driven by a 16 percent rise in sales in China, and the company also raised its full-year revenue forecast.
April 29- 3 D Systems Corp's quarterly revenue jumped 45 percent due to higher sales of its 3 D printers and printing materials. The net income attributable to the company fell to $4.9 million, or 5 cents per share, in the first quarter ended March 31, from $5.9 million, or 6 cents per share, a year earlier. Revenue rose to $147.8 million.
DETROIT, April 29- Mercedes is recalling 252,867 of its C-Class sedans in the United States because an electrical issue could cause the tail lights to dim or fail, according to documents filed with U.S. safety regulators.
April 29- Biota Pharmaceuticals Inc said a U.S. agency has asked the company to stop developing its experimental influenza drug, pending a decision related to the company's contract with the agency.
April 29- MoneyGram International Inc, the world's second-largest money transfer company, slashed its forecast for 2014 on fears of competition from Wal-Mart Stores Inc.. Wal-Mart said this month that it will launch a money transfer service called " Walmart -2- Walmart".
Pittsburgh, April 29- Publicly traded private equity? It sounds like an oxymoron- like jumbo shrimp or corporate responsibility. But what was once the exclusive domain of wealthy investors can now be explored by everyone.
April 29- Rockwell Automation Inc, which makes systems that help factories run smoothly, reported a 2.5 percent rise in quarterly profit mainly due to higher sales of its motion control and industrial safety products in the United States. The company has relied on the United States to drive growth as global spending remains patchy.
LONDON, April 29- European stocks rose on Tuesday, lifted by well-received corporate earnings and merger and acquisition activity as investors pushed mixed signals on the European Central Bank policy outlook and crisis in Ukraine onto the back burner.