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Twitter says CEO, co-founders don't plan on selling stock after lockup expires on May 5

NEW YORK, N.Y. - Twitter says its CEO Dick Costolo and co-founders Jack Dorsey and Evan Williams have no plans to sell any of their shares when the company's post-IPO lock-up expires on May 5. Lock-up periods prevent company insiders from selling stock following an initial public offering. Twitter went public on Nov. 7, pricing its stock at $26 per share. The stock later soared as high as $74.73. On Monday, the stock was trading at $40.49, up about 1 per cent.

Hong Kong shares end 0.15% higher

Hong Kong shares ended 0.15 percent higher on bargain hunting Monday as investors brushed off another negative lead from Wall Street ahead of the release of Chinese economic growth data later in the week. The benchmark Hang Seng Index rose 35.16 points to 23,038.80 on turnover of HK$61.09 billion (US$7.88 billion). US shares continued their downward spiral Friday led by the technology sector, owing to fears big-name firms such as Facebook, Twitter and Netflix may be overpriced.

Hong Kong shares end 0.15% higher

Hong Kong shares ended 0.15 percent higher on bargain hunting Monday as investors brushed off another negative lead from Wall Street ahead of the release of Chinese economic growth data later in the week. The benchmark Hang Seng Index rose 35.16 points to 23,038.80 on turnover of HK$61.09 billion (US$7.88 billion). In China the benchmark Shanghai Composite Index was flat, edging up 1.00 point to 2,131.54 on turnover of 86.6 billion yuan ($13.9 billion).

Investors support deals spree, happy to see U.S. companies buy growth

By Soyoung Kim and Olivia Oran NEW YORK (Reuters) - After years of responding to shareholder calls for stock buybacks and dividends, major American companies are hearing a different demand from investors: buy growth. In a low-growth economy in which earnings gains have trailed a run-up in share prices, investors are ready to endorse big deals if that's what it takes to boost revenue and profits.

IPO Roundup: 3 companies go public Friday; Zoe's Kitchen shares soar 65 per cent in debut

NEW YORK, N.Y. - A Mediterranean-style restaurant chain, a maker of animal nutritional supplements and the owner of natural gas and oil pipelines rose in their stock market debuts Friday. Of the three, eatery chain Zoe's Kitchen had the largest gain. Its shares rose nearly 65 per cent. Investors have had a healthy appetite for initial public offerings from fast-casual restaurant companies. Shares of sandwich chain Potbelly Corp. more than doubled in their debut in October, but are now trading closer to the company's IPO price of $14. Shares of pasta chain Noodles

As Internet shares break down, investors see value in old tech

By Ryan Vlastelica NEW YORK (Reuters) - The last six weeks have been terrible for many technology shares, but not for the four horsemen that sat atop the last tech boom. Intel, Oracle, Microsoft and Cisco, known as the four horsemen during the late 1990s technology boom due to their strong performance and leading market share, have all rallied since the beginning of March even as many other tech companies' stocks have been crushed.

Zoe's Kitchen shares jump more than 70 percent in market debut

(Reuters) - Shares of Zoe's Kitchen Inc <ZOES.N> rose as much as 73 percent in their market debut, valuing the casual dining restaurant chain at more than $475 million. Zoe's Kitchen raised about $87.5 million from the offering, after its initial public offering of 5.83 million shares was priced at the upper-end of the expected price range. The company, which is backed by private equity firm Brentwood Associates, sold all the shares in the offering.

Exclusive: SEC eyes test that may lead to shift away from 'dark pools'

By Sarah N. Lynch and John McCrank WASHINGTON/NEW YORK (Reuters) - U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools" that critics say may be hurting investors by reducing the quality of pricing.

Hong Kong shares close up 1.51%

Hong Kong shares closed 1.51 percent higher on Thursday, lifted by a rally on Wall Street and by plans to give the city's investors greater access to the Shanghai stock market. The benchmark Hang Seng Index rose 343.79 points to 23,186.96 on turnover of HK$106.91 billion (US$13.79 billion). In China the benchmark Shanghai Composite Index rose 1.38 percent, or 29.06 points, to 2,134.30 on turnover of 129.8 billion yuan ($20.9 billion).

Hong Kong, Shanghai to begin cross-market trading

China Thursday unveiled a plan allowing cross-trading between Hong Kong and Shanghai's stock markets, in the mainland's latest move to open up its capital markets and promote the yuan as an international currency. The China Securities Regulatory Commission said in a joint statement with the Securities and Futures Commission of Hong Kong the trial would begin in six months and enable dealers to invest in designated shares.
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