Stockmarket News

Apple chief executive Tim Cook has opted not to take $75 million in dividend payout on restricted shares of stock he owns in the maker of iPhones, iPads, iPods and Macintosh computers.

LONDON (Reuters) - Britain's blue-chip index recorded its first weekly gain in a month on Friday but its recent rally lost momentum and the index closed flat on the day, capped by uncertainty about the euro zone crisis and an economic slowdown in China. The FTSE 100 ended up 1.48 points at 5,351.53 after a choppy trading …

(Reuters) - NBCUniversal is in talks to buy out Microsoft Corp's 50 percent stake in joint venture MSNBC.com, media reports said. NBCU parent Comcast Corp is conducting due diligence and the partnership with NBC News could be unwound by this summer, said Adweek, which first reported the talks. "Discussions are taking place," …

LONDON (Reuters) - Dixons Retail , Europe's second-biggest electrical goods retailer, said it was well placed to make a crucial 160 million pound ($251 million) bond repayment this year and had agreed a new 300 million pound banking facility. Shares in the firm, which trades as Currys and PC World in the UK, rose 7 percent …

(Reuters) - Industrial services provider Cape Plc is to take a charge for losses on an LNG project in Algeria that will hit profit for the year. The FTSE 250 company, said it will take a one-off charge of 14 million pounds -- equivalent to a fifth of its adjusted pretax profit Cape last year -- after a review of the GL3-Z …

FRANKFURT (Reuters) - The owners of Evonik on Friday confirmed they plan to list the shares of the specialty chemicals company on the Frankfurt stock exchange, in what will likely be one of the largest German share offerings this summer. Evonik is pressing ahead after earlier in the week signalling it may delay the offering …

HONG KONG (Reuters) - Alibaba.com Ltd , Hong Kong-listed unit of China's Alibaba Group , said on Friday that 83.8 percent of its shareholders have approved a $2.5 billion buyout offer by the parent to take the company private, in a decision that was widely expected. Alibaba Group, in which Yahoo Inc owns a 40 percent stake, …

NEW YORK (Reuters) - Global stocks eked out gains on Thursday while the euro fell as data suggested Europe's debt woes were spreading and worsening a global economic slowdown, adding to investor concerns about Greece's possible exit from the euro zone. In a volatile session, investors looking for bargains initially bought …

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million (47.9 million pounds). Apple said in a filing with the U.S. Securities and Exchange Commission on Thursday that Cook had asked …

(Reuters) - BlackRock Inc's Global Resources team increased its Chesapeake Energy Corp stake to 4 million shares from fewer than 1 million shares, a source familiar with the situation said on Thursday. While the group raised its exposure, executives within the team said Chesapeake's management issues are still a "distraction," …

(Reuters) - The financial crisis and its aftermath have been brutal for Wall Street's richest and most powerful women. The latest casualty: Ina Drew, the head of JPMorgan Chase's chief investment office, who departed last week after the bank suffered mammoth trading losses. An analysis by Reuters of the proxy statements …

NEW YORK (Reuters) - Billionaire hedge fund manager Carl Icahn has purchased a stake in Chesapeake Energy Corp , according to Bloomberg, which sourced the information to a person with knowledge of the matter. The person said that Icahn Enterprises LP may now hold more than 4 percent of the company, making him the company's …

For two years Washington and Wall Street have been bracing for Greece's eurozone exit, but despite the preparations, fears remain that an "X factor" could slap around the world's largest economy.

A New York broker has asked Nasdaq to compensate it for up to $35 million in losses on the Facebook initial public offering due to the market's computer problems on the first day of trade.

LONDON (Reuters) - Britain's benchmark share index recovered on Thursday from stinging losses during the previous session as bargain hunters snapped up beaten-down financial and commodities stocks, although traders said any rally could prove short-lived. The blue-chip FTSE 100 index closed up 83.64 points, or 1.6 percent, …

The US Congress has entered the investigation into the issues surrounding Facebook's listing, less than a week since the company's debut on the stock market.

(Reuters) - Tiffany & Co cut its fiscal-year sales and profit forecasts on Thursday, blaming slowing economic growth in many countries and weakness in its home U.S. market. The upscale jeweller's U.S. sales started softening in the fall and over the holidays amid concerns about Wall Street layoffs and then picked up in …

SAN FRANCISCO (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies." The Nasdaq stock exchange also came under further pressure as …

(Reuters) - Tiffany & Co lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home U.S. market, and the upscale jeweller's shares fell almost 7 percent. Rival Signet Jewellers Ltd also issued a disappointing forecast and posted first-quarter …

LONDON (Reuters) - Debt-laden tour operator Thomas Cook has named travel industry outsider Harriet Green from British electrical components distributor Premier Farnell as chief executive to help turn it around. Green, CEO of the FTSE 250 group since 2006 during which period she built its e-commerce operation, will succeed …

LONDON (Reuters) - European shares rose on Thursday as investors snapped up bargains after steep falls the previous day, although regional data showing a deterioration in economic activity and concerns about Greece exiting the euro left stocks vulnerable. Sectors hammered in Wednesday's sell-off were among the top gainers, …

LONDON (Reuters) - Cable & Wireless Communications , the British telecoms group that operates in the Caribbean, will halve its payout to investors, putting its dividend policy on a firm footing for the first time since it split from the former Cable & Wireless in 2010. "Since the demerger we have faced global economic uncertainty …

LONDON (Reuters) - Cable & Wireless Communications , the British telecoms group that operates in the Caribbean, Panama, Macau and Monaco & Islands, said it would halve its dividend this year because of continuing difficult trading conditions in the Caribbean. The announcement came after the group broadly met market expectations …

(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing, envisioned as a crowning moment for an eight-year-old company that has become a business …

(Reuters) - Electronic trader Knight Capital Group said it suffered a pre-tax loss of $30 million (19.1 million pounds) to $35 million on the botched Nasdaq trading debut of social media giant Facebook and is demanding the exchange compensate that amount. The loss, which Knight said will be recorded in its second-quarter …

SAN FRANCISCO (Reuters) - Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion (2.23 billion pounds) annually, sending its shares 11 percent higher. The company said the layoffs would be made mainly …

The Indian-born US businessman accused in one of Wall Street's biggest insider trading probes passed a tip on a deal so confidential that it was "top secret," a former colleague said Wednesday.

(Reuters) - Electronic trader Knight Capital Group Inc said its second-quarter results will be hurt by losses related to numerous issues during Facebook Inc's Nasdaq listing. A technical glitch delayed Facebook's market debut on May 18 by roughly half an hour, and later delayed order confirmations. Knight Capital, which …