Earnings

* Firms have yet to demonstrate full asset sale cycle * Complex financials, insider ownership weigh on stocks By Greg Roumeliotis NEW YORK, May 16 (Reuters) - Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades...

NEW YORK (Reuters) - Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades scoured the stock market for undervalued companies. Now they are trying to convince investors that shares in their own firms are a bargain. As...

The highest-paid athletes list has some familar Floridians near the top. Sports Illustrated's Fortunate 50 list totals the salaries and the endorsement deals for the top athletes in America in 2012. Coming in No. 1 on the list is boxer Floyd...

Macy's Inc. reported higher first-quarter net income and gains in a critical sales metric as it took business from rival department store chains. The company also raised its dividend by 25 percent. Macy's shares closed up 2.5 percent, near a year high....

May 15 (Reuters) - Cisco Systems Inc : * Says total U.S. public sector revenue grew 5 percent in Q3, including U.S. federal spending down 3 percent * Sees Q4 revenue growth in 4-7pct range on y/y basis * Sees Q4 non-GAAP gross margins to be approximately...

SAN FRANCISCO (Reuters) - Take-Two Interactive Software Inc reported better-than-expected revenue and earnings in the fourth quarter driven by strong sales of "Borderlands 2," and assured investors that its flagship "Grand Theft Auto V" title was on track...

NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current-quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending....

NEW YORK (AP) — Cisco's net income jumped 14 percent in the latest quarter as revenue at all four of its divisions rose for the first time in a year and a half. Cisco earned $2.5 billion, or 46 cents per share, in its fiscal third quarter, which...

(Corrects price moves for ANTA and Li & Fung) HONG KONG, May 15 (Reuters) - Hong Kong shares rebounded from a one-week low on Wednesday but investors were mainly focused on a handful of stocks on hopes of an earnings turnaround. The Hang Seng Index...

* BSE index gains 2.49 pct; NSE ends 2.52 pct higher * Banks rally on rate cut hopes * Bond yields drop as much as 39 bps since RBI's review on May 3 By Abhishek Vishnoi MUMBAI, May 15 (Reuters) - Indian shares rose more than 2 percent on Wednesday to...

* FTSEurofirst 300 up 0.5 pct to fresh 5-yr closing high * Euro STOXX 50, Germany's Dax also scale new closing peaks * Intesa Sanpaolo, Deutsche Post, EADS gain on profit beats By Francesco Canepa LONDON, May 14 (Reuters) - European shares stretched...

As the Illinois pension crisis has heated up, harsh and vitriolic blame for the mess has often been directed at Illinois’ public workers—especially teachers. The teachers have been labeled as intractable, lazy fat cats who manipulated...