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    China Resources Co Ltd has appointed a new chairman with immediate effect, replacing Song Lin who is being investigated by Chinese authorities, the firm said in a statement on Wednesday. Fu Yuning, a former executive chairman of China Merchants Group, would take over from Song, China Resources (CRHKF) said in a statement on its website.

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    * Shares rise 11 pct after opening at IPO price of 1,600 yen. * Seibu delisted a decade ago after scandal. * Cerberus stake may weigh on share price -analyst. * Seibu CEO says relationship with Cerberus good. By Ritsuko Ando.

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    AT&T Inc (T) on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the popularity of a new handset pricing model that charges customers for devices separately from their wireless plans.

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    SAN FRANCISCO-- Gilead Sciences Inc. (GILD), AT&T Inc. (T) and Amgen Inc. (AMGN) were among the stocks actively trading Tuesday evening, with shares of Gilead climbing after handily beating Wall Street's quarterly earnings and revenue expectations and reporting a sales surge for its new hepatitis C treatment. Gilead Sciences (GILD) reported late Tuesday that non-GAAP first-quarter net income, which excludes acquisition expenses and other one-off items, was $1.48 a share and said revenue reached $5...

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    Former General Motors Co chief executives should be called to testify to the Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.

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    By Lauren Tara LaCapra. Goldman Sachs Group Inc's (GS) asset-management business has agreed to buy Westpeak Global Advisors, a firm that aims to beat market indexes by using factors other than company size to pick stock investments. The deal, disclosed on Tuesday, comes as Goldman is working to bulk up its asset management unit, partly by strengthening its quantitative product offerings.

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    SAN FRANCISCO-- Netflix Inc. (NFLX) claimed the tech sector spotlight Tuesday as the Internet-based video- streaming company's shares surged in the wake of an upbeat quarterly earnings report and plans to increase prices for new subscribers in order to help acquire more online video content. Netflix (NFLX) shares rose 7% to close at $372.90 a share after the company said late Monday that it earned $53 million, or 86 cents a share, on revenue of $1.27 billion for its first quarter.

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    NEW YORK-- Skechers USA Inc. (SKX) shares rallied Tuesday after the company handily beat first-quarter earnings estimates as strength in its wholesale business offset the impact of a late Easter and harsh winter weather. The casual-footwear maker earned 61 cents a share in the quarter, up from 13 cents a year ago and well ahead of the FactSet consensus of 33 cents a share. Sales climbed to $546.5 million from $451.6 million a year ago and beat the consensus of $508.7 million.

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    This story has been updated with additional information on VMware's (VMW) enterprise license agreements, license bookings, AirWatch and the company's guidance.NEW YORK -- Virtualization and cloud infrastructure firm VMware (VMW) beat first-quarter earnings by a penny and exceeded on the top line.

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     Valeant Pharmaceuticals  climbed Tuesday as the company pursues a takeover of Allergan  along with activist investor William Ackman's hedge fund, Pershing Square Capital Management. On Tuesday, Valeant revealed the details of its takeover bid for the Botox maker. Valeant rose 6.87% to $134.67, an $8.66 increase from its previous close of $126.01, at the close of trading on Tuesday.

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    Shares of TransCanada Corp. (TRP) are up 1.18% to $45.40 after Nebraska Governor Dave Heineman said a court challenge holding up the company's Keystone XL pipeline should be dismissed, as he urged the state's high court to allow the project to move forward, Reuters reports.

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    Shares of Omnicom Group (OMC) continue to fall this afternoon after it was reported that the advertising agency's proposed $35 billion merger with Publicis Groupe S.A. (PGPEF) was at risk. The shares are down -2.24% to $69.89. Unforeseen tax issues have thrown the $35 billion merger... into jeopardy, threatening to torpedo plans to create the world's largest advertising and communications company by revenues...

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     Genworth Financial  stock is climbing on Tuesday after fellow financial securities company MGIC Investment (MTG)  recorded positive first-quarter earnings. By midafternoon, shares had added 4.9% to $17.73, while MGIC Investment (MTG) climbed 7% to $8.91. MGIC Investment (MTG) recorded net income of 15 cents a share over the three months to March, compared to a net loss of 31 cents a share in the year-ago quarter.

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    Shares of Darden Restaurants (DRI), Inc.  are up 3.98% to $50.11. The restaurant company has 60 days to call a shareholder meeting to vote on activist investor Starboard Value LP's proposal to delay the company's plan to spin off its struggling Red Lobster (DRI) chain, according to CNBC, Reuters reports.