Breaking News

Share SHARE

Weibo Corporation (WB), a social media platform for people to create, distribute and discover Chinese-language content, announced that its initial public offering of 16.8 million American depositary shares, each representing one class A ordinary share of the company, was priced at $17 per ADS. The ADSs...

Post Holdings, Inc. (POST), a consumer packaged goods holding company, Thursday said it has agreed to acquire MFI Holding Corp., or Michael Foods, from affiliates of GS Capital Partners, affiliates of Thomas H. Lee Partners and other owners. Post will acquire Michael Foods for $2.45 billion on a cash-free,...

Orbital Sciences Corp. (ORB), a maker of small and medium-class rockets and space systems, posted a lower profit for the first quarter, but said it remains on track with its financial guidance for 2014. For the quarter, the company's net income slid to $13.8 million or $0.23 per share from last year's...

Chemicals giant EI DuPont De Nemours & Co. (DD), commonly known as DuPont, reported that its first-quarter income from continuing operations after income taxes rose to $1.445 billion from last year's $1.387 billion, with earnings per share from continuing operations increasing to $1.54 from $1.47 in...

Mattel Inc. (MAT) reported a first-quarter net loss of $11.2 million, or $0.03 per share, compared to net income of $38.5 million, or $0.11 per share, previous year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.09 for the quarter. Analysts'...

Regional bank BB&T Corp. (BBT) reported a surge in first-quarter 2014 net income available to common shareholders to $501 million, or $0.69 a share, from $210 million, or $0.29 a share earned last year. On average, 30 analysts polled by Thomson Reuters expected earnings per share of $0.70 for the quarter....

In its Annual General Meeting, German personal care products maker Beiersdorf AG's (BDRFF.PK, BDRFY.PK) Executive Board and the Supervisory Board are proposing a dividend of 70 euro cents a share. Further, the company said it's regional lab for the Latin American market as well as the production facility...

Taiwan Semiconductor Manufacturing Company Limited (TSM) reported first-quarter income before tax of NT$53.30 billion, compared to NT$45.75 billion, previous year. Net income increased to NT$47.87 billion from NT$39.58 billion. Earnings per share was NT$1.85, compared to NT$1.53, a year ago. Net...

Oilfield services provider Schlumberger Ltd.'s (SLB) first-quarter 2014 net income attributable to the company advanced to $1.59 billion or $1.21 a share, from $1.26 billion or $0.94 a share in the same quarter last year. On average, 33 analysts polled by Thomson Reuters expected earnings per share of...

Chemicals giant DuPont (DD) is scheduled to report first quarter results before the markets open. The company's earnings are expected to rise to $1.58 per share from the year-ago quarter's $1.56 per share. The Wilmington, Delaware-based company is also expected to generate revenues of $10.45 billion,...

French advertising and communications firm Publicis Groupe SA (PUBGY.PK, PGPEF.PK) Thursday said its first-quarter revenue increased 2.2 percent from last year, with an organic growth of 3.3 percent, helped by sustained growth in digital activities. Digital activities, which now account for 40.9...

Belgium-based biotechnology company Galapagos NV (GLPGF.PK) said UK-based drugmaker GlaxoSmithKline Plc. (GSK, GSK.L) informed Galapagos that preliminary results showed that a significantly higher proportion of patients treated with GSK2586184 at the 400mg bid dose met the primary endpoint compared to...

Chemtura Corp. (CHMT), a maker of specialty chemical solutions, plans to sell its agrochemicals business to Platform Specialty Products Corp. (PAH, PAH.L, PLAHF.PK) for about $1 billion, the Wall Street Journal reported citing people familiar with the matter. The report suggested that the two specialty-chemicals...

Billionaire John Malone's Discovery Communications Inc. (DISCA, DISCB, DISCK) dropped out of the bidding to acquire U.K.'s Channel 5, according media reports citing a person with knowledge of the matter. Discovery led a joint bid for Channel 5 with satellite-TV provider British Sky Broadcasting Group...

Standard & Poor's or S&P Rating Services has lifted its outlook on Tour operator Thomas Cook Group Plc (TCKGY.PK, TCG.L) from Stable to Positive, following a detailed financial review of the Group's progress in implementing its Transformation strategy. S&P's rating of the Group remains unchanged at "B"...