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UPDATE 2-Electrolux shares hit record after profit beat and upbeat outlook
2015-01-28 22:16:51| Appliances - Topix.net
Home appliances maker Electrolux AB has raised its growth forecast for European markets this year after cost cuts powered it to a bigger than expected rise in quarterly earnings, sending its shares to a record high. The Sweden-based group, which makes fridges and dish washers under brands such as AEG and Zanussi as well as its own name, saw cost cuts in 2014 from years of plant closures kick in to fortify earnings amid tepid demand outside a firmly expanding U.S. market.
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UPDATE 3-ASML shares at record after fourth quarter tops forecasts
2015-01-21 12:44:39| Semiconductors - Topix.net
ASML Holding NV, the world's largest maker of semiconductor production equipment, has reported forecast-beating results on the back of stronger-than-expected demand from memory chip makers, sending its shares to a record high. The Veldhoven, Netherlands-based company's results remain sensitive to cyclical swings in the chip sector but the group has recently hit a strong run of form, driven by consumer demand for new mobile phones and other communication products.
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UPDATE 1-Dr Reddy's gets FDA approval for Roche drug generic; shares at record high
2014-11-07 15:21:55| Biotech - Topix.net
Indian drugmaker Dr Reddy's Laboratories Ltd said on Friday it has received final approval from the U.S. Food and Drug Administration to make a cheaper version of Roche Holding AG's antiviral Valcyte, sending its stock to a record high. The move comes after Ranbaxy Laboratories Ltd said on Thursday that FDA had stripped the company of its tentative approval to launch the first copy of the drug due to quality control issues at its manufacturing plants.
UPDATE 1-Sumitomo Corp shares slump after profit forecast slashed
2014-09-30 08:04:45| Chemicals - Topix.net
Shares in Sumitomo Corp slumped more than 10 percent on Tuesday after the Japanese trading house slashed its annual profit forecast by 96 percent due to losses on a U.S. shale project and sharp declines in iron ore and coal prices. Sumitomo said on Monday it will set up a task force to review its minerals investment strategy as well as review its risk management system, after booking impairment losses of 270 billion yen before tax benefits.
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UPDATE 1-Criteo shares jump after Publicis deal reports
2014-08-30 05:24:51| Food - Topix.net
Online advertising company Criteo SA's shares jumped as much as 21 percent in early trading on the Nasdaq, after French media reported that advertising group Publicis Groupe SA was in talks to buy the Paris-based company.
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