Business News

Thomabravo-compuware-090214-lg.jpgSoftware developer Compuware Corp. has agreed to be acquired by private equity firm Thoma Bravo LLC in a transaction valued at about $2.5 billion, the two companies said Tuesday. At closing, Thoma Bravo will acquire all the outstanding shares of Detroit-based Compuware and Compuware will become a privately-held company.

Teva's Reslizumab Shows Reduction In Asthma Exacerbations In Clinical Studies

Teva Pharmaceutical Industries Ltd. (TEVA) announced that reslizumab, an investigational anti-IL-5 monoclonal antibody, demonstrated clear levels of efficacy in achieving the primary endpoint of reduction in the frequency of clinical asthma exacerbations or CAE compared to placebo in two pivotal Phase...

Latest News

Oxford Instruments Appoints Richard Friend Independent Non-Executive Director

Rio Tinto: Talon Metals Announces Initial Resource Estimate


Darden Restaurants Lifts Q1 Outlook, Announces New Director Nominees

Darden Restaurants Inc. (DRI) on Tuesday raised its earnings outlook for the first quarter of fiscal 2015 and reaffirmed its outlook for the full-year. The company noted that the anticipated results show improved guest satisfaction, sales and traffic trends at Olive Garden as a result of its brand renaissance...

U.S. Construction Spending Jumps 1.8% In July, More Than Expected

After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July.

JCM Finalizes Deal To Buy FutureLogic From American Capital

CM Innovation Corp, a unit of JCM American, doing business as JCM Global, on Tuesday finalized its acquisition of FL Group LLC, doing business as FutureLogic, from American Capital Ltd (ACAS). The financial terms of the deal were not disclosed. The deal's closing further enhances JCM's competitive...

JCM Innovation Finalizes Acquisition Of FL Group, LLC., Doing Business As FutureLogic


Las Vegas Sands Corp. (LVS) Has Plummeted To An 11-Month Low

Las Vegas Sands Corp. (LVS) gapped open lower Tuesday morning and has been losing ground for the majority of early trade. Shares are now down 2.39 at $64.12. Las Vegas Sands has dropped below a 3-week trading range this morning and has set an 11-month low.

Alibaba To Launch IPO Roadshow On Week Of September 8: Reports

Chinese e-commerce giant Alibaba Group Holding Ltd. is planning to formally pitch its new York initial public offering to investors in the week of September 8, media reports said.

Zulily To Present At Citi Global Technology Conference; Webcast At 2:00 PM ET

zulily, inc. (ZU) will present at the Citi Global Technology Conference at the Hilton New York Hotel in New York City. The event is scheduled to begin at 2:00 PM ET on September 2, 2014. To access the live webcast, log on to