GLOBAL MARKETS

Hong Kong stocks edged up 0.1 percent on Tuesday after investors bid up China Mobile amid a renewed focus on the prospect of 3G licences to spur a widely expected industry restructuring.

The dollar rallied against the euro for the fifth consecutive session on Tuesday to an 11-week high, according to Reuters data, as rising U.S. Treasury yields lured investors.

The leading share index ended down 0.7 percent on Tuesday, with banks worst hit as U.S. and European markets were knocked by fears that strong global growth would force interest rates higher around the world.

U.S. stocks fell sharply on Tuesday as bond yields shot to their highest in five years, stoking fears that higher borrowing costs could cut into corporate profits and discourage takeovers.

Mexican markets fell sharply on Tuesday, following a steep drop in U.S. Treasury prices as investors worried about the possibility of higher global interest rates.

Cyberonics Inc. shares fell nearly 12 percent on Tuesday, a day after the maker of an implantable device to control epileptic seizures reported a wider quarterly loss and revenue that fell short of Wall Street expectations.

Shares of Affiliated Computer, Inc. (NYSE: ACS) rose on Monday, a day after news that the company was open to additional buyout bids.

Shares of Cienea Corp. (CIEN)jumped more than 15 percent after the communications equipment maker posted profit and sales for the quarter that beat analysts’ estimates, and raised its outlook for the next quarter.

Shares of Novell Inc. (Nasdaq: NOVL) rose Thursday, a day after the network software maker reported a loss for its second quarter, in line with Wall Street estimates.

Shares of online computer retailer CDW Corp. (NASDAQ: CDWC) rose on Wednesday, a day after it agreed to be acquired by private equity group Madison Dearborn Partners LLC for $7.3 billion in cash.

Shares of Canadian train and jet maker Bombardier Inc. jumped sharply after it said on Tuesday that its profit more than tripled in its fiscal first quarter on strong U.S private jet orders, beating Wall Street estimates.

Shares of storage company Network Appliances Inc. (NASDAQ: NTAP) tumbled more than 17 percent in Thursday trading, a day after the firm said it may report weaker than expected earnings in the current quarter.

Shares of Hormel Foods Corp. (NYSE: HRL) fell more than 4 percent on Thursday, after firm posted lower than expected second quarter profit as higher feed costs held profit back.

Shares of teen and young adult clothing retailer, American Eagle Outfitters Inc. (NYSE: AEO) fell more than 3 percent on Tuesday, after the firm reported a 23 percent gain in its first quarter profit, but stated second quarter earnings expectations below analysts estimates.

Shares of Staples, Inc. (Nasdaq: SPLS) fell more than 4 percent on Tuesday after the office supply retailer the firm reported a 12.4 percent first quarter profit gain but tempered its outlook sales and profit outlook for the next quarter.

Shares of engineering consulting services firm Washington Group International, Inc. (NYSE: WNG) fell Thursday, a day after the firm reported slightly higher quarterly revenue but also a profit that missed Wall Street estimates.

Cisco Systems Inc. (NASDAQ: CSCO) posted a slightly stronger than expected profit in its third quarter on Tuesday, with net income rising 35 percent on acquisitions and stronger sales to corporate customers, however shares fell more than 5 percent in after hours trading.

Shares of broadcasting and entertainment company Entercom Communications Corp. (NYSE: ETM) fell on Monday after the firm reported a slight first quarter loss, hurt by a weaker March.

Shares of Dow Jones & Co.(NYSE: DJ), which publishes The Wall Street Journal, were slightly down on Wednesday, a day after talk of a $5 billion bid for the firm by News Corp. sent shares soaring more than 50 percent.

Strong first quarter earnings and a projections above estimates boosted shares of wireless chip maker Atheros Communications Inc. (NASDAQ: ATHR) in trading on Tuesday.

Banking holding company Susquehanna Bancshares Inc. (NASDAQ: SUSQ) announced it agreed to pay $860 million in cash and stock to acquire smaller rival Community Banks Inc. (NASDAQ: CMTY) as it expands in new territories.

Investors sent shares of Sun Microsystems, Inc.(Nasdaq: SUNW) down more than 11 percent in Wednesday trading after the technology company’s third quarter report late yesterday indicated lower-than-expected sales.

The world's largest online retailer, Amazon Inc. (Nasdaq: AMZN) said late Tuesday that its first quarter profit more than doubled, sending shares of the company up more than 20 percent in Wednesday trading.

Shares of chipmaker Advanced Micro Devices (NYSE: AMD) dipped slightly in Friday trading after the semiconductor company posted a greater-than-expected first quarter loss and slower sales.

Shares of Google Inc. (NASDAQ: GOOG), the world’s largest Internet search provider, rose in Friday trading after beating analysts’ estimates with a 69 percent jump in first quarter profit.

Shares of biotechnology firm Amgen, Inc. (Nasdaq: AMGN) shot up 4 percent Thursday, after results of a study for its Aranesp anemia drug for patients with small-cell lung cancer yielded no difference in survival rates than for patients who did not use the drug.

Investors sent shares of Internet portal Yahoo Inc. (NASDAQ: YHOO) plummeting more than 11 percent on Wednesday, after the firm posted weaker-than-expected earnings and revenue.

Linear Technology Corp. (NASDAQ: LLTC) jumped in trading on Wednesday following an announcement that it would buy back $3 billion of its shares.

Financial services firm Northern Trust Corp. (NASDAQ: NTRS) posted a 15 percent gain in its first-quarter net income on record trust, investment and other servicing fees the firm said Tuesday.