May 24- Abercrombie& Fitch Co on Friday reported a steeper-than-expected drop in quarterly comparable sales, in part because of inventory shortages, and the teen clothing retailer's shares fell more than 11 percent.» Read More
Dec 13- CVS Caremark Corp is looking at changes in U.S. healthcare as an opportunity to serve more customers, whether they are picking up prescriptions, getting them through the mail, or stopping by an in-house MinuteClinic for a checkup.
Dec 13- CVS Caremark Corp said on Thursday that its board approved a 38 percent increase in the quarterly dividend, bringing it up to 22.5 cents per share, and laid out its expectations for higher earnings next year.
LONDON, Dec 13- Spanish bond yields rose after a debt sale fell short of market expectations on Thursday, underscoring the challenges the country will face raising funds in 2013. Madrid sold a modest 2 billion euros of three- and five- year paper and a longer-dated bond due in 2040, attracting a high level of bids, but the wide range of accepted offers hinted at weaker-than-expected demand. "
*Pharmaceuticals weak, led by AstraZeneca. LONDON, Dec 13- European shares dipped on Thursday as new stimulus steps from the Federal Reserve were overshadowed by concern over U.S. austerity measures, though traders made light of the falls after a recent powerful rally.
NEW YORK, Dec 13- U.S. stock index futures were mixed on Thursday as a new round of stimulus for the economy was not enough to offset worries over the impact of the impending "fiscal cliff". *In the European Union, finance ministers reached a deal to make the European Central Bank the bloc's top banking supervisor.
LONDON, Dec 13- Gold prices fell more than 1 percent in Europe on Thursday, failing to sustain gains made after the Federal Reserve unveiled a fresh round of bond purchases, as investors switched their focus to the prospect of an approaching U.S. fiscal crisis.
Dec 13- Best Buy Co Inc founder Richard Schulze is expected to make a fully financed offer to buy the consumer electronics retailer by the end of the week, the Minneapolis Star Tribune reported late Wednesday, citing a source. Best Buy declined to comment on the report. Best Buy shares were up 12.2 percent to $13.66 in premarket trading.
Dec 13- MetLife, the largest life insurer in the United States, warned 2013 earnings may be well below what Wall Street expects and said it needed to accelerate its strategic plans, which include the sale of its banking business. Metlife shares traded down 1.8 percent at $33 before the bell on New York Stock Exchange.
MILAN, Dec 13- The European Central Bank's potent bond-buying scheme allowed Italy and Spain to complete their challenging 2012 debt funding requirements through successful auctions on Thursday.
LONDON, Dec 13- Raw sugar and arabica coffee futures on ICE both fell to their lowest levels in more than two years on Thursday, extending prolonged slides driven by surplus supplies.
MAPUTO, Dec 13- Depressed coal prices, tight capital markets, shoddy railways and ports have cooled Mozambique's coal bonanza and will delay export projects aimed at supplying booming demand in Asia.
Dec 13- Sprint Nextel Corp is offering $2.1 billion to buy the rest of wireless internet provider Clearwire, to get full ownership of its wireless spectrum. The bid, at $2.90 a share for the 48.3 percent of Clearwire that Sprint Nextel does not already own, values Clearwire at around $4.2 billion.
LONDON, Dec 13- EU states and the European Parliament failed on Thursday to agree tougher capital rules for banks and in any case will miss a globally-agreed January deadline for their phase-in to start.
SAN FRANCISCO, Dec 13- When the Israeli army and Hamas trade virtual blows in cyberspace, or when hacker groups like Anonymous rise from the digital ether, or when WikiLeaks dumps a trove of classified documents, some see a lawless Internet.
BRUSSELS, Dec 13- Euro zone finance ministers and the International Monetary Fund have agreed to release 49.1 billion euros in aid to Greece by the end of March, with most of that sum flowing immediately, senior EU officials said on Thursday.
Dec 13- MetLife Inc, the biggest U.S. life insurer, said it expects to earn between $5.5 billion and $5.9 billion, or between $4.95 per share and $5.35 per share, in 2013.. The company also said it expects to earn between $5.5 billion and $5.6 billion, or between $5.15 per share and $5.25 per share, in 2012..
BRUSSELS, Dec 13- European Union regulators ended an antitrust probe into e-book prices on Thursday, accepting an offer by Apple and four publishers to ease pricing restrictions on Amazon and other retailers. The European Commission said on Thursday the concessions from Apple and the publishers soothed concerns that their pricing deals curbed competition.
BEIJING, Dec 13- China is likely to accumulate a massive funding shortfall in its urban pension system by 2050 unless it raises its retirement ages and taps more state assets, according to a book published this month that takes an in-depth look at China's finances.
VIENNA, Dec 13- OPEC is relaxed about the prospect of rising inventories in the first half of next year, the group's secretary general said on Thursday, so long as oil prices avoid extreme moves from their current acceptable level.
TOKYO, Dec 13- Japan's securities watchdog said on Thursday it fined Tiger Asia Partners 67.71 million yen, saying the U.S. hedge fund manipulated the market through its deals in shares of Yahoo Japan Corp.. The Japanese watchdog could not find evidence of insider trading by Tiger Asia in the Yahoo share case, the SESC said.