TOKYO, Jan 31- Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure. The source, who did not want to be identified because the move had not yet been announced to the...» Read More
PIMCO WAS THOROUGHLY PREPARED FOR GROSS' EXIT, PIMCO WAS NOT CAUGHT UNAWARE- SOURCE.
THERE IS A DETAILED SUCCESSION PLAN READY TO BE ANNOUNCED AT PIMCO- SOURCE.
WILLIAM GROSS' LATEST RESIGNATION FROM PIMCO WAS GOING TO BE ACCEPTED TOMORROW AND HE RESIGNED BEFORE THAT- SOURCE.
PIMCO'S WILLIAM GROSS HAD BEEN CLASHING WITH THE EXECUTIVE COMMITTEE AND HAD THREATENED TO QUIT MULTIPLE TIMES- SOURCE.
Sept 26- Bill Gross, one of the bond market's most renowned investors, is leaving Pimco, the asset management firm he founded, for rival asset management firm Janus Capital Group, Janus said on Friday.
Sept 26- Shutterfly Inc shareholders Marathon Partners Equity Management LLC and Mario Cibelli said on Friday that they would support the potential sale of the online photo-sharing service provider. Cibelli is the managing member of Marathon Partners and has a 5.29 percent stake in Shutterfly.
WASHINGTON, Sept 26- The U.S. economy grew at its fastest pace in 2-1/ 2 years in the second quarter and activity was broad-based, in a bullish signal for the remainder of the year. The Commerce Department on Friday raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate.
TOKYO, Sept 26- Isuzu Motors and U.S. group General Motors have agreed to jointly develop a mid-size pick-up truck for sale in major markets around the world excluding North America, the Japanese truckmaker said on Friday. They have not decided on when the vehicle will go on sale, Isuzu spokesman Eiji Mitsuhashi said.
BLACKBERRY CFO CONFIRMS OUTLOOK OF BECOMING CASH FLOW BREAKEVEN.
BLACKBERRY CFO JAMES YERSH SAYS COMPANY DOES NOT EXPECT CASH BALANCE TO FALL BELOW $2.5 BILLION IN FISCAL 2015.
BLACKBERRY CEO CHEN SAYS EXPECTS TO DOUBLE SOFTWARE REVENUE NEXT YEAR FROM AROUND $250 MILLION IN THIS FISCAL YEAR.
BLACKBERRY CEO CHEN SAYS COMPANY HAS 91 MILLION MONTHLY ACTIVE USERS OF BBM.
BLACKBERRY CEO CHEN SAYS IN NEXT 90 DAYS WILL RELEASE BBM PROTECTED, BBM MEETINGS, BBM MONEY, AND IDENTITY MANAGEMENT SOFTWARE.
NEW YORK, Sept 26- U.S.-listed shares of Blackberry Ltd were leading premarket actives on the Nasdaq Friday after the company posted quarterly results. On the New York Stock Exchange, Nike shares were surging, up 7.41 percent to $85.66, after the world's largest sportswear maker reported a better-than-expected quarterly profit.
BLACKBERRY LTD CEO JOHN CHEN SAYS HAVE RECEIVED ORDERS FOR MORE THAN 200,000 PASSPORT HANDSETS.
*S&P raises India outlook to "stable" from "negative". *All 3 credit agencies now place India at same rating. MUMBAI, Sept 26- India regained its "stable" rating from Standard and Poor's on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms.
NEW YORK, Sept 26- U.S. stock index futures were inching higher on Friday after major indexes suffered their biggest drop since July, ahead of data on economic growth and consumer optimism. *Later in the session at 9:55 a.m., investors will eye the Thomson Reuters/ University of Michigan's final September reading on consumer sentiment.
FRANKFURT, Sept 26- Germany's Rocket Internet is bringing its planned initial public offering forward by a week, citing "exceptional investor demand across all points of the price range" for its shares. The first day of trading on the Frankfurt Stock Exchange is slated for Oct. 2 and settlement is planned for Oct. 6.
TORONTO, Sept 26- BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday and said it was turning its focus to growth and investments. The Waterloo, Ontario- based company reported a net loss of $207 million, or 39 cents per share, for the second quarter ended Aug. 30. That compared with a year-earlier loss of $965 million, or $1.84 per share.
PARIS, Sept 26- European stocks rose on Friday, shrugging off declines on Wall Street, with euro zone banks leading the gains on expectations they will be the big winners in the European Central Bank's drive to stave off deflation. Spain's Banco Santander rose 0.8 percent, Italy's Intesa SanPaolo gained 1.6 percent and BNP Paribas added 1 percent.