*Cinda Asset Management soars in Hong Kong debut. HONG KONG, Dec 12- Hong Kong shares sank to their lowest in almost four weeks on Thursday, with mainland markets also sluggish, on worries over China's 2014 growth target and continuing speculation the U.S.» Read More
CHARLESTON, S.C.-- A $5 billion Savannah River container ship terminal planned since before the Great Recession may not be needed as early as projected because of the world economic slowdown.
NEW YORK-- Goldman Sachs Group Inc. said Monday that its board appointed Adebayo Ogunlesi as an independent director. Ogunlesi is a graduate of Oxford University, Harvard Law School and Harvard Business School. Goldman Sachs plans to appoint an additional independent director to its board soon.
The bars are made by Creative Energy Foods Inc. The recalled items are thinkThin crunch mixed nuts bars, chocolate dipped mixed nuts bars, white chocolate dipped mixed nuts bars, and caramel chocolate dipped mixed nuts bars.
WALTHAM, Mass.-- ModusLink Global Solutions Inc., which manages corporate supply chains, on Monday said the filing of its annual report for the year ended July 31 will be delayed as the company works through a restatement of past results.
COSTA MESA, Calif.-- Pacific Premier Bancorp. Inc. said Monday that it agreed to buy First Associations Bank in a deal valued at $53.7 million. First Associations had $356.2 million in assets and $305.5 million in deposits as of Sept. 30.
BOSTON-- BlackRock Inc.' s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors.
2. "Argo," Warner Bros., $19,458,109, 3,232 locations, $6,020 average, $19,458,109, one week. 4. " Hotel Transylvania," Sony, $17,241,317, 3,375 locations, $5,109 average, $102,133,934, three weeks. 5. "Here Comes the Boom," Sony, $11,816,596, 3,014 locations, $3,921 average, $11,816,596, one week.
CHANDLER, Ariz.-- Chipmaker Microchip Technology Inc. said Monday that its sales for the quarter that ended two weeks ago were below its expectations, due to economic and industry conditions. The Chandler, Ariz., company now expects revenue of $407 million to $408 million. On Aug. 2, it saw revenue in the $412 million to $430 million range.
SAN DIEGO-- WD-40 Co. said its fiscal fourth-quarter profit dropped 11.9 percent because sales in Europe slipped as customers delayed buying its lubricant and cleaning products. WD-40 makes its namesake spray lubricant, along with related cleaning products. WD-40 gets more than half of its sales in the Americas, and about one-third from Europe.
SALES UP: Americans spent 1.1 percent more at retail stores in September, the Commerce Department said Monday. That followed a 1.2 percent increase in August. The gains marked the best two months for sales in two years.
NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Citigroup Inc., up $1.91 at $36.66. Clearwire Corp., up 37 cents at $2.69.
SAN CLEMENTE, Calif.-- ICU Medical Inc. said Monday that its net income climbed 32 percent in the third quarter on more sales of infusion therapy and cancer treatment products. Net income rose to $12.2 million, or 82 cents per share, from $9.3 million, or 65 cents per share, a year ago. Shares of ICU Medical rose 75 cents to close at $59.96.
SANTA FE SPRINGS, Calif.-- Workplace safety investigators and a grieving family on Monday searched for an explanation of how a pallet jack operator was cooked to death at a Bumble Bee Foods seafood processing plant.
The New England Compounding Center of Framingham, Mass., has been under scrutiny since last month, when a rare fungal form of meningitis was linked to its steroid shots used mostly for back pain. Monday's step by the Food and Drug Administration followed reports of infections in three people who got different drugs made by the company.
Retail sales jumped 1.1 percent last month, producing the best two months of sales in two years, according to figures released Monday by the Commerce Department. "The consumer is back," said Joel Naroff, chief economist at Naroff Economic Advisors. "
The government said retail sales in August and September posted their two largest gains since October 2010. WHO THAT HELPS: Companies that rely on consumer spending, like Lowe's, TJX Cos. and Yum Brands. WHAT'S NEXT: Quarterly reports due Tuesday include Intel, Goldman Sachs, Johnson& Johnson, and Coca-Cola.
The Dow Jones industrial average is closing with its biggest gain in a month after a strong retail sales report and strong earnings from Citigroup brought buyers into the market. Citi led bank stocks higher. Two stocks rose for every one that fell on the New York Stock Exchange.
TARNISHED GOLD: Gold fell to its lowest price since Sept. 12 after new Chinese data renewed questions about whether that country's leaders will implement more economic stimulus measures. CHINA MOVES: China said its inflation rate fell in September from August.
NEW YORK-- Walgreen Co. advertised free flu shots for members of the NYS Empire health plan but ended up sticking many of them with the bill. Walgreen runs the Walgreens drug store chain. Walgreen will also pay roughly $15,000 in costs to New York.