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  • Dec 14- Shares of Johnson& Johnson fell over 6 percent on Friday, on track to post their biggest percentage drop in more than a decade, after Reuters reported that the pharma major knew that its baby powder was contaminated with cancer-causing asbestos. The decline in shares wiped off about $24 billion from the company's market capitalization and made the stock...

  • Dec 14- Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos. Facebook said some third-party apps may have gained access to broader set of photos than usual for 12 days between Sept. 13 to Sept. 25. Facebook shares were down 1.3 percent at...

  • Dec 13- Costco Wholesale Corp on Thursday reported quarterly revenue below Wall Street estimates, as the warehouse club operator cut prices and invested more in its online business to compete with Amazon.com Inc and Walmart Inc.. Total revenue rose 10.2 percent to $35.07 billion, missing analysts' average estimate of $34.80 billion, according to IBES data...

  • Dec 13- Canada's main stock index rose on Thursday, led by gains in consumer staples shares amid signs of progress in trade relations between the United States and China. *At 9:48 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 61.04 points, or 0.41 percent, at 14,844.1. *The largest percentage gainer on the TSX was AltaGas Ltd, which jumped 14.2...

  • A sign is seen at the entrance of the ExxonMobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015.

    S&P's expects aggregate crude production to grow -- something OPEC likely won't be thrilled about.

  • China made its first major U.S. soybean purchases in more than six months on Wednesday, evidence that it was living up to pledges made when Presidents Donald Trump and Xi Jinping agreed to a 90- day detente to negotiate a trade deal. Sao Paulo's benchmark stock index rose 0.4 percent led by shares of material and consumer companies, shrugging off data that showed a...

  • Dec 12- Shares of China- based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. The IPO raised $1.1 billion in proceeds and is one of the largest by a Chinese company in the United States this year,...

  • JOHANNESBURG, Dec 12- Shares in Steinhoff rose more than 20 percent on Wednesday, on track for their biggest daily gain in nearly a month, after the company's Pepkor Europe business reported a jump in annual revenue growth. Progress was helped by Poundland's return to like-for-like growth and strong like-for-like growth in PEPCO, one of the largest non-food...

  • *Has met Pernod CEO Alexandre Ricard. LONDON/ PARIS, Dec 12- Elliott Management has taken a stake in Pernod Ricard worth more than 930 million euros and will work with the family-backed French drinks company to try to improve its performance, the activist hedge fund said on Wednesday. Shares in the maker of Absolut vodka and Chivas Regal Scotch rose 3.8 percent by...

  • *Anglo American: Leading the pack: https://tmsnrt.rs/2QNuJmu. BENGALURU/ JOHANNESBURG, Dec 11- Mining group Anglo American Plc expects its production to rise more than previously expected in 2018 and 2021 while costs are seen lower for this year, its chief executive officer said on Tuesday. Anglo's London- listed shares rose 4.6 percent to 1,646 pence by 1220 GMT,...

  • "In plus, we continue to get great client feedback on the fit of our denim, and have expanded our offerings there too," the company's Chief Operating Officer Mike Smith said. Net income attributable to the company's shareholders rose to $10.7 million, or 10 cents per share, from $1.3 million, or 4 cents per share, a year earlier. Analysts had forecast the San Francisco-...

  • But that bounce was short-lived as Apple fell 2 percent in premarket trading after Qualcomm Inc said it had won a preliminary order from a Chinese court banning the importation and sale of several iPhone models in China due to patent violations. Wall Street continues to be dogged by signs of cooling growth and worries that escalating tensions between the...

  • *HCL to gain scale in retail, financial services sofware. *Deal does not add much to HCL long term- analyst. Dec 7- Indian software services firm HCL Technologies agreed to buy some software assets from International Business Machines Corp for $1.80 billion to help it compete better with bigger rivals such as TCS and Infosys Ltd..

  • SYDNEY, Dec 7- Australia's prudential regulator is looking to disqualify five top IOOF Holdings executives, including the firm's CEO, for failing to act in their customers' interests, marking its first such intervention against existing company officials. ANZ, Australia' No.3 lender, said it was seeking urgent information from IOOF and the regulator.

  • Dec 6- A weaker dollar helped limit the decline in Latin American currencies on Thursday, while shares trimmed losses as Wall Street ended off session lows amid worries about slowing global growth, trade, and falling oil prices. Sentiment was hit by the arrest of Chinese tech giant Huawei's chief financial officer at the request of the United States as it cast...

  • Dec 6- Broadcom Inc reported 12.4 percent rise in quarterly revenue on Thursday, driven by strong demand for its enterprise storage and networking products. Net income attributable to ordinary shares rose to $1.12 billion, or $2.64 per share, in the fourth quarter ended Nov. 4, from $532 million, or $1.25 per share, a year earlier. Net revenue rose to $5.44 billion...

  • The company's shares fell nearly 3 percent to $27.80 in premarket trading. The Cincinnati- based company said net income attributable to Kroger fell to $317 million, or 39 cents per share, in the third quarter ended Nov. 10, from $397 million, or 44 cents per share, a year earlier. Total sales fell 0.3 percent to $27.67 billion, but came in marginally above average...

  • *Russian stocks and currency lower ahead of OPEC meeting. Meng Wanzhou, global chief financial officer of Huawei and founder Ren Zhengfei's daughter, faces extradition to the United States after being arrested in Vancouver on Wednesday on charges of alleged violations of U.S. sanctions. MSCI's index for emerging market stocks fell 2.3 percent, dragged by...

  • JOHANNESBURG, Dec 6- A probe into accounting irregularities at Steinhoff International and the release of the retailer's restated results have been delayed, it said on Thursday, sending its shares down as much as 21 percent. The company, engulfed in one of South Africa's biggest corporate scandals, said it had been forced to abandon plans to publish both its 2017...