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Imperial Tobacco H1 Profit Climbs, On Track To Meet FY15 View; Stock Up
Wed, 06 May 2015 08:49:38 GMT - Shares of Imperial Tobacco Group plc were trading nearly 3 percent higher in the morning trade in London after the company reported a surge in its first-half profit, despite lower revenues. The company further announced higher dividend, and said it remains on track to achieve 2015 targets following the first half performance.
Asian Shares Tumble As Risk Appetite Wanes
Wed, 06 May 2015 08:30:34 GMT - Asian shares fell across the board on Wednesday as fresh signs of weakness in the U.S. economy and worries about surging oil prices sapped investors' appetite for risk. Investors were also spooked by a sudden spike in sovereign bond yields and lingering uncertainty surrounding Greece's fate in the euro zone.
Societe Generale Q1 Net Up; Credit Agricole Profit Hurt By Bailout Fund
Wed, 06 May 2015 08:18:29 GMT - French lender Societe Generale SA reported Wednesday a profit for the first quarter that grew from last year, reflecting controlled operating expenses, lower cost of risk and higher revenues. Domestic peer Credit Agricole Group reported a 2 percent decline in profit for the first quarter, despite revenue growth and lower cost of risk, hurt by a contribution to Europe's new bailout fund.
European Stocks May Recover From Fierce Selloff
Wed, 06 May 2015 06:25:03 GMT - Stock futures point to a modestly higher opening on Wednesday after sharp losses in the previous session. That said, the U.S. dollar remains under selling pressure in the wake of weak trade data, a factor that could weigh on shares of companies that are particularly dependent on exports--like automobile companies and industrials.
ARDX Knocked Down, Expanding Uses Of Humira, ALDR Passes Arthritis Drug Trial
Wed, 06 May 2015 06:22:54 GMT - Alder BioPharmaceuticals Inc.'s (ALDR) investigational drug Clazakizumab, previously known as ALD518, met its primary endpoint in a follow-on phase 2b, dose-ranging clinical trial in adults with moderate to severe rheumatoid arthritis who have experienced an inadequate response to TNF inhibitors.
Asian Markets Lower On Wall Street Lead
Wed, 06 May 2015 02:45:16 GMT - Asian stock markets are mostly in negative territory on Wednesday, following the weak cues overnight from Wall Street amid ongoing concerns about the outlook for interest rates following the release of upbeat economic data. The Japanese market is closed for a holiday.
Electronic Arts Q4 Profit, Revenues Top Street - Update
Tue, 05 May 2015 22:13:40 GMT - Electronic Arts Inc. (EA) on Tuesday reported an increase in profit for the fourth quarter, reflecting continued strong demand from gamers for titles compatible with new-gen consoles and better digital revenues, with both earnings and revenues topping Wall Street estimates.
Groupon Loss Narrows; Outlook Weak
Tue, 05 May 2015 22:00:17 GMT - Daily deals site Groupon Inc said Tuesday after the markets closed that its first quarter loss narrowed from last year, as revenue increased and operating expenses fell. The company's quarterly earnings per share, excluding item, also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
Mylan Profit Tops Estimates, Sales Misses
Tue, 05 May 2015 22:00:11 GMT - Mylan reported a plunge in profit, hurt by acquisition costs and a stronger dollar. However, quarterly earnings topped Wall Street estimates, while sales missed expectations despite growth across all regions.
Stocks Close Sharply Lower Amid Broad Based Weakness - U.S. Commentary
Tue, 05 May 2015 20:22:09 GMT - Stocks moved sharply lover over the course of the trading session on Tuesday, more than offsetting the modest strength seen in the previous session. The steep pullback reflects the volatility seen on Wall Street over the past several weeks.
Obama Nominates General Dunford As Chairman Of Joint Chiefs Of Staff
Tue, 05 May 2015 19:19:30 GMT - President Barack Obama announced Tuesday his nomination of Marine Corps General Joe Dunford as the next Chairman of the Joint Chiefs of Staff. Obama described Dunford as one of the most admired officers in the military and praised his ability to provide unvarnished advice.
Crude Oil Soars To End Above $60 A Barrel
Tue, 05 May 2015 19:07:25 GMT - U.S. crude oil surged to end at a five-month high on Tuesday, scaling over $61 a barrel intraday, amid fears of supply disruptions from Libya after a key port in the North African nation was shut down. Protesters forced the closure of the oil port of Zueitina, further cutting into already dwindling supplies from Libya.
Former Arkansas Gov. Huckabee Announces Another Run For The White House
Tue, 05 May 2015 18:38:53 GMT - Former Arkansas Gov. Mike Huckabee officially joined the growing list of Republican presidential candidates on Tuesday, kicking off his second bid for the White House. In a speech to supporters at an event in his hometown of Hope, Arkansas, Huckabee sought to highlight his small town roots.
Gold Ends Higher On Weak Dollar, Soft U.S. Trade Data
Tue, 05 May 2015 18:08:59 GMT - Gold futures ended higher for a second straight session on Tuesday, with investors seeking the safe haven of the precious metal after most global equity markets declined on some soft trade data from the U.S. and the dollar trending lower.
Clinton Only Willing To Testify Before Benghazi Committee Once
Tue, 05 May 2015 17:57:28 GMT - Hillary Clinton has once again indicated her willingness to testify before a House committee investigating the 2012 terrorist attacks in Benghazi, but the former Secretary of State has rejected the committee's request to appear more than once.
Macy's To Open Discount Stores
Tue, 05 May 2015 16:27:21 GMT - Macy's (M) has announced it will open four new discount stores even as the department store chain struggles to improve its sales in a slowing economy.
Chrysler Worker Killed In Factory Accident
Tue, 05 May 2015 16:10:18 GMT - Fiat Chrysler Automobiles NV (FCAU) said an employee was killed in an accident at its Jefferson North Assembly factory in Detroit Tuesday morning.
Stocks Moving Mostly Lower Following Mixed Economic Data - U.S. Commentary
Tue, 05 May 2015 16:06:11 GMT - Stocks have moved mostly lower over the course of the trading session on Tuesday, more than offsetting the modest strength seen in the previous session. The major averages have all moved to the downside, although the tech-heavy Nasdaq is underperforming its counterparts.
Most Americans Want Supreme Court To Legalize Gay Marriage Nationally
Tue, 05 May 2015 15:31:04 GMT - Following last week's oral arguments in a potentially historic case regarding same-sex marriage, the results of a NBC News/Wall Street Journal poll showed that a majority of Americans want the U.S. Supreme Court to legalize gay marriage throughout the nation.
IPhone Case Generates Power Out Of Thin Air
Tue, 05 May 2015 15:02:24 GMT - An Ohio-based startup claims to have developed a specially-designed iPhone 6 case that can slowly recharge the phone by harvesting electricity from thin air, or rather, from stray radio waves. At the TechCrunch Disrupt conference in New York, startup Nikola Labs launched an iPhone 6 case that converts radio frequency or RF signals into DC power.
Stocks Come Under Pressure In Early Trading - U.S. Commentary
Tue, 05 May 2015 14:52:55 GMT - After ending the previous session modestly higher, stocks have moved back to the downside in early trading on Tuesday. The major averages have all fallen into negative territory, with the tech-heavy Nasdaq showing a particularly steep drop.
IPO Watch: Customers Love Bojangles' Down-Home Chicken
Tue, 05 May 2015 14:44:51 GMT - Fried chicken and biscuits restaurant chain Bojangles', Inc. is set to make its market debut this week through an initial public offering of up to 7.2 million shares to raise up to 122 million. The company has applied to be listed on the Nasdaq Global Select Market under the ticker symbol "BOJA."
China's Real Estate Developer Wang Jianlin Asia's Richest Man
Tue, 05 May 2015 14:32:34 GMT - Wang Jianlin, chairman of Dalian Wanda Group is now Asia's richest man, with a fortune of $38.1 billion. Jianlin, who holds U.S. theater chain AMC Entertainment, has also been ranked 11th richest in the world.
U.S. Service Index Unexpectedly Climbs To Five-Month High In April
Tue, 05 May 2015 14:25:27 GMT - Economic activity in the U.S. service sector unexpectedly grew at a faster pace in the month of April, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its non-manufacturing index rose to 57.8 in April from 56.5 in March.
Another Magical Quarter As Disney Beats Estimates
Tue, 05 May 2015 13:51:51 GMT - Diversified media and entertainment conglomerate Walt Disney Co. reported Tuesday a profit for the second quarter that grew 10 percent from last year, helped by strong performance at cable networks, parks and resorts as well as sales of Frozen merch. Both adjusted earnings per share and quarterly revenues topped analysts' expectations.
SKYPE Can Be Confused With SKY: European Court
Tue, 05 May 2015 13:47:25 GMT - The General Court of the European Union has ruled that the logo of online telecommunication service Skype could be confused with a trademark registered by British telecommunications company Sky plc. The General Court was delivering its decision Tuesday on a complaint brought by Skype, which was refused a trademark by OHIM, the EU Trade Mark and designs registry. In 2004 and 2005 Skype applied t
DirecTV Q1 Profit Up 30%, But Results Miss View
Tue, 05 May 2015 13:42:10 GMT - DirecTV Inc., which is being acquired by AT&T Inc., on Tuesday reported a 30 percent increase in profit for the first quarter from last year on higher revenues and subscriber additions at its U.S. segment. However, results for the quarter missed analysts' estimates.
U.S. Trade Deficit Jumps To Widest In Over Six Years In March
Tue, 05 May 2015 13:21:46 GMT - After releasing a report last month showing the smallest U.S. trade deficit in well over five years, the Commerce Department released a report on Tuesday showing that the trade deficit widened substantially in the month of March.
Office Depot Swings To Q1 Profit
Tue, 05 May 2015 13:05:35 GMT - Office products supplier Office Depot, Inc., which is being acquired by Staples, Inc., reported Tuesday a profit for the first quarter compared to a loss last year, despite double-digit sales drop, reflecting improved gross margins, as well as lower impairment and charges. Adjusted earnings per share matched analysts' expectations, while quarterly revenues missed their estimates.
Stocks May Move Back To The Downside On Trade Data - U.S. Commentary
Tue, 05 May 2015 12:57:01 GMT - Stocks may move to the downside in early trading on Tuesday, offsetting the modest strength seen in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 36 points.

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