DreamWorks soars on 1st day Shrek-sized hopes lift shares up 38%
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Shares of DreamWorks Animation SKG Inc. jumped 38 percent on the first day of trading yesterday as investors anticipated Shrek-sized profits from the computer animation film studio.
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Shares of China Merchant Bank surge as much as 30% on their first day of trading in Hong Kong.
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NEW YORK/LOS ANGELES  - DreamWorks Animation SKG  Inc. will find out this week if box office success can be  turned into Wall Street cash in a widely anticipated initial  public offering that could raise up to $725 million.
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DreamWorks Animation SKG Inc. on  Tuesday set its planned initial public offering at 29 million  shares that could raise up to $725 million, announcing the  terms after its new film "Shark Tale" snagged the No. 1 U.S.  box office spot for the second straight weekend.
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DreamWorks Animation yesterday reported net income of $20.3m for the third quarter, rebounding from a loss of $35.9m last year, in its first earnings announcement since it went public in October.
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DreamWorks&#39; IPO was expected to raise more than US$812 million in the first IPO by a major movie studio in seven years. Earlier this month, the company debuted &quot;Shark Tale,&quot; and it has become a hit generating
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Impeccably timed to take full advantage of the success of &quot;Shark Tale,&quot; the initial public offering of DreamWorks Animation SKG went off swimmingly Thursday, floating 38% higher in its first day of trading.
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DreamWorks announces huge numbers for Shrek 2's video debut.
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DreamWorks, which created box office smash Shrek, raises $812m from its floatation on the New York Stock Exchange.
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The generally jovial ogre Shrek might have enchanted moviegoers, but investors are even more interested in shares of the character&#39;s creator: DreamWorks Animation (DWA).
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Delta Air Lines Inc&#39;s shares surged as much as 30 per cent yesterday amid speculation that the third-largest US airline would win $1 billion (euro780 million) in concessions from its pilots and avoid filing for bankruptcy.
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Billabong International&#39;s shares surged yesterday after the surfware giant pushed its profit growth forecasts up to 30 per cent.
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The initial public offering of DreamWorks Animation SKG Inc. raised a more than expected $812 million on Wednesday after the shares of the film producer priced well above expectations.
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Dreamworks Animation shares surged more than 30% on their first day of trading on the New York stock exchange. The creator of box office money makers, such as Shrek and Shark Tale, sold 29 million shares and
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Animated film-maker DreamWorks Animation SKG Inc. set its anticipated initial public offering at 29 million shares -- which could raise $725 million, Reuters is reporting.
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Buoyed by the smash box office successes of Shrek 2 and Shark Tale, DreamWorks Animation is planning to go public with a share sale which is expected to raise as much as $650m (Â£364m).
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HPâs first-quarter net income grew 38 percent to $2.1 billion, as revenue climbed 13 percent to $28.5 billion, beating the muted expectations of Wall Street analysts.