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P&G cuts forecast, will focus on big businesses
CHICAGO/LONDON - Procter & Gamble Co took the blame on Wednesday for a lack of big new products and not being quick enough to cut costs as it deals with persistent slowing demand in Western Europe, the United States and China.
Eagle Bulk reaches agreement with lenders
- Debt-laden drybulk shipper Eagle Bulk Shipping Inc reached an agreement with its lenders, sending its shares up as much as 11 percent in extended trade.
Red Hat forecasts weak 2nd qtr, shares fall
- Red Hat Inc , the world's largest distributor of Linux operating software, forecast second-quarter revenue below Wall Street estimates after quarterly billings fell short of analysts' expectations.
Burger King shares rise in return to NYSE
- Shares in Burger King Worldwide Holdings Inc rose as much as 11 percent in their first day of trading on Wednesday, as the world's second-biggest fast-food hamburger chain made its return to the New York Stock Exchange.
Adobe shares fall on cut in forecast
- Shares of Adobe Systems Inc fell more than 7 percent on Wednesday after the Photoshop software maker cut its full-year revenue outlook, heightening concerns that the company's shift to a subscription model was slowing its growth.
Couche-Tard shares rally as Statoil deal closes
TORONTO - Canada's Alimentation Couche-Tard Inc said on Wednesday it has reached the 90 percent level of shareholder acceptance in its takeover bid for Norway's Statoil Fuel and Retail ASA , which allows it to force holdout shareholders to sell their stock.
Choice Hotels shares rise on special dividend plan
- Shares of Choice Hotels International Inc rose as much as 11 percent on Wednesday after the hotel franchiser said it plans to issue notes to fund a $600 million special dividend.
Acme Packet shares fall as Jefferies cuts rating
- Acme Packet Inc shares fell to a two-year low after Jefferies downgraded the network gear maker citing a shift in spending by U.S. carriers to their wireless segments.
Idenix shares rise on promising mid-stage hep C data
- Shares of Idenix Pharmaceuticals Inc rose as much as 16 percent on Wednesday, after the company reported positive mid-stage trial data of its hepatitis C drug, suggesting it was closer to competing with larger drugmakers.
Aer Lingus says Ryanair offer undervalues airline
LONDON - Aer Lingus urged its shareholders to ignore the latest takeover offer from rival Ryanair on Wednesday, saying it undervalued the Irish airline and may not be allowed by regulators anyway.
No related earnings announcements are currently scheduled within the next 7 days.
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