Shares of Avon Products Inc (AVP.N) soared as much as 20 percent after an apparently non-existent firm incorporated in a remote archipelago in the Indian Ocean offered to buy the cosmetics company for almost three times its market value.
Investors
Yum China spinoff becoming more probable: J.P. Morgan
The likelihood is growing that Yum Brands Inc (YUM.N) will spin off its China business, J.P. Morgan said in a client note, upgrading the company's shares to "overweight" from "neutral".
Dollar drops to three-month low vs. euro on soft U.S. data
The dollar fell to a three-month low against the euro on Friday, as disappointing data on U.S. domestic factory activity and consumer sentiment spurred doubts about the recovery in the world's largest economy.
Buffett's Berkshire adds to favorites IBM, Wells Fargo
Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo & Co and International Business Machines Corp.
S&P ekes out second record close after lackluster data
U.S. shares ended little changed on Friday, with the S&P 500 edging up to a record high for a second straight session after a ream of weak economic data.
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U.S. stocks ended sharply stronger on Thursday and the S&P 500 closed at a record high as investors worried less about interest rates and a weaker dollar offered the possibility of stronger sales for U.S. multinationals.
The dollar fell on Thursday to its weakest against a basket of major currencies since the European Central Bank announced a program of quantitative easing in January, hit by growing concern that the U.S. economy has not just been suffering from a winter chill.
Wall Street was set to open higher on Thursday as weekly jobless claims fell, suggesting that the labor market was on solid footing even as the economy struggles to regain momentum.
The euro hit a three-month high against the dollar on Thursday, lifted by another lurch higher in euro zone government bond yields that again kept global stock markets in check.
Network equipment maker Cisco Systems Inc's (CSCO.O) quarterly profit was a cent ahead of market estimates as new switches, routers, wireless gear and servers drove demand.
The dollar index hit its lowest in more than three months while gold prices jumped on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.
DuPont (DD.N) repelled a board challenge from activist investor Nelson Peltz on Wednesday, dealing him a surprising blow after shareholders backed all 12 directors nominated by the U.S. chemical conglomerate's management.
Wall Street's major indexes gave up early gains to end Wednesday's session little changed as some investors stood on the sidelines waiting for the next round of economic data at the tail end of earnings season.
European and Asian shares advanced on Wednesday as expectations of further monetary stimulus in China offset another mixed bag of data from some of the world’s major economies.
