Aug 21- Intuit Inc, the developer of tax-preparation software TurboTax, forecast a much bigger first-quarter loss, citing restructuring in its small business group unit. The company forecast a current-quarter loss of 36- 37 cents per share.
*Investors await Yellen speech from Jackson Hole conference. NEW YORK, Aug 21- U.S. stocks ended higher on Thursday, with the S&P 500 at a record after a flurry of positive economic data, as investors hoped for signs from an annual meeting of central bankers that interest-rate hikes are not imminent.
Salesforce said on Thursday it expects an adjusted profit of 50- 52 cents per share on revenue of $5.34- $5.37 billion for the year ending Jan. 31. It had previously forecast an adjusted profit of 49- 51 cents on revenue of $5.30- $5.34 billion.
Goldman Sachs was one of the first to spot the potential in China for preferred shares, a form of hybrid security which listed companies can sell to raise capital with minimal dilution in the value of shares held by existing stakeholders.
*Bank of China 100 BOC International,. *AgBank 80 CICC, China Galaxy Securities, Citic Securities, Credit Suisse Founder Securities, Goldman Sachs Gao Hua, Guotai Junan, Haitong Securities, Southwest Securities. Suisse Founder Securities, Goldman Sachs Gao Hua.
SINGAPORE, Aug 22- Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material.
Representative Jeb Hensarling, who leads the House of Representatives' Financial Services Committee, said in the letter to SEC Chair Mary Jo White that the leaks raised questions about who attends closed agency meetings and hurt the SEC's ability to enforce securities laws.
SAN FRANCISCO, Aug 21- U.S video game service Ouya is turning to Asia to capture the growth that has eluded the startup on its own home turf. Xiaomi, which in three years became China's top smartphone seller ahead of Apple Inc and Samsung, harbors ambitions beyond mobile gadgets.
WASHINGTON, Aug 21- The U.S. government is tightening restrictions on hydrocodone, an opioid painkiller contained in Vicodin and other addictive drugs. The move comes as health and law enforcement officials try to curb a rising tide of prescription drug abuse.
Federal Reserve should avoid waiting too long to raise interest rates, a top policymaker said on Thursday, arguing that there was no longer a lot of slack in the labor market.
SAN FRANCISCO, Aug 21- GameStop Corp on Thursday reported its quarterly revenue surged by 25 percent over the prior year, topping expectations, buoyed by the success of new game releases as well as solid sales of gaming hardware from Microsoft and Sony Corp..
Aug 21- Home Depot Inc named Craig Menear its chief executive, replacing Frank Blake, who will stay on as chairman.
BOSTON/ NEW YORK, Aug 21- Fraudsters are targeting JPMorgan Chase& Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.
NEW YORK/ LOS ANGELES, Aug 21- A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp on Thursday.
DETROIT, Aug 21- Ford Motor Co has told its dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering gear assembly, a notice sent to dealers on Wednesday shows.
GRIESA SAYS FOR THE MOMENT STICKING TO FINDING THAT ARGENTINA'S PROPOSAL ON DEBT TRANSFER IS ILLEGAL AND THAT IS AS FAR AS HE IS PREPARED TO GO PRESENTLY.
Aug 21- Teen apparel retailer Gap Inc reported a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales of its low-priced Old Navy clothes. Comparable sales at Old Navy stores, which cater to a slightly older customer base, rose 4 percent in the second quarter ended Aug 2.
NEW YORK, Aug 21- The dollar surrendered some recent gains on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen.
Weak data on China's factory output weighed on oil prices early. NEW YORK, Aug 21- U.S. and Brent crude futures rose on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.