Business News

aig-080415.jpgAIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock.

Lexicon's Phase III TELESTAR Study Meets Goals

Lexicon Pharmaceuticals Inc.'s pivotal phase III clinical trial of its oral drug candidate Telotristat etiprate in cancer patients with Carcinoid syndrome has met the primary endpoint. The study, dubbed TELESTAR, demonstrated that patients who added Telotristat etiprate to Somatostatin analog depot injection, the standard of care, at 250 mg and 500 mg doses experienced a statistically significant

TriNet Q2 Results Miss Estimates

Human resources solutions provider TriNet Group, Inc. (TNET)reported a net loss for the second quarter of $1.3 million or $0.02 per share, compared to net income of $6.2 million or $0.09 per share for the year-ago quarter. Excluding items, adjusted net income for the second quarter was $10.5 million...

Japan Monetary Base Climbed 32.8% In July

The monetary base in Japan jumped 32.8 percent on year in July, the Bank of Japan said on Tuesday, coming in at 325.737 trillion yen. That follows the 34.2 percent spike in June. Banknotes in circulation added an annual 5.0 percent, while coins in circulation gained 0.6 percent. Current account...

ELong Posts Loss; Receives Going Private Proposal From Tencent

eLong Inc (LONG), a mobile and online travel service provider in China, reported a net loss of 356.4 million renminbis ($57.5 million) for the second quarter, compared with a profit of of 31.5 renminbis million last year. Loss per American depositary share for the quarter was 9.82 renminbis ($1.58),...

TriNet Group Inc. (TNET) Is Sinking After Q2 Profit Disappoints

TriNet Group Inc. (TNET) reported second quarter adjusted EPS of $0.14 after the bell Monday, down from $0.24 in the prior year period. The consensus estimate was for EPS of $0.27. TriNet Group gapped open slightly lower Monday, but traded in a range for the bulk of the session. Shares finished with...

TerraForm Global Tumble In Nasdaq Debut

Shares of TerraForm Global Inc (GLBL) dropped in its trading debut on the Nasdaq Global Select Market on Friday, after the company's initial public offering. TerraForm - a subsidiary of renewable energy development company SunEdison Inc - had priced its IPO of 45 million Class A common shares at...

LendingTree Q2 15 Earnings Conference Call At 5:00 PM ET

LendingTree, Inc. (TREE) will host a conference call at 5:00 PM ET on August 3, 2015, to discuss Q2 15 earnings results. To access the live webcast log on to http://investors.lendingtree.com To listen to the call, dial (877) 606-1416 (US) or (707) 287-9313 (International). For a replay call,...
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Economic Calendar
08/03/15 19:50Monetary Base (Y-o-Y)JUL Japan
08/03/15 19:0Core CPI (M-o-M)JUL South Korea
08/03/15 19:0Core CPI (Y-o-Y)JUL South Korea
08/03/15 19:0CPI (M-o-M)JUL South Korea
08/03/15 19:0CPI (Y-o-Y)JUL South Korea
08/03/15 14:0ExportsJUL Brazil
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