Business News

thehartford-073014-lg.jpgHartford Financial Services Group Inc. (HIG), Wednesday said its second-quarter loss widened, hurt mainly on a hefty loss from discontinued operations related to the sale of Japan annuity business. The Hartford, Connecticut-based company's second quarter loss widened to $467 million or $1.00 per share...

Sanofi And Regeneron: 9 Phase 3 ODYSSEY Trials Of Alirocumab Met Primary Goal

French drug maker Sanofi (SNYNF, SNY) and U.S.-based Regeneron Pharmaceuticals, Inc. (REGN) announced Wednesday that nine new Phase 3 ODYSSEY trials of alirocumab in people with hypercholesterolemia met their primary efficacy endpoint. According to the companies, the primary goal was of a greater...

Platte River Equity Sells The WellMark Company To Dover

BioMarin Pharmaceutical Sells Priority Review Voucher For $67.5 Mln

3D Systems To Acquire Simbionix For $120 Mln In Cash

Susser Holdings Schedules Special Meeting Of Stockholders For August 28 To Consider Merger Agreement


Yum! Brands Inc. (YUM) Is Falling On China Concerns

Yum! Brands Inc. (YUM) disclosed after the bell Wednesday that there has been a significant, negative impact to same-store sales at both KFC and Pizza Hut in China over the past 10 days. This is due to improper food handling practices by supplier Shanghai Husi, which has shaken consumer confidence. Yum!...

Hess Q2 Adj. Profit Beats View; Plans Formation, IPO Of MLP

Energy company Hess Corp. (HES) on Wednesday reported a 35 percent decline in profit for the second quarter from last year, reflecting lower revenues and a decline in oil and gas production. Asset sales and extended shutdowns caused by the civil unrest in Libya reduced production. However, adjusted...

Kraft Foods Group Q2 14 Earnings Conference Call At 5:00 PM ET

Kraft Foods Group Inc. (KRFT) will host a conference call at 5:00 PM ET on July 30, 2014, to discuss Q2 14 earnings results. To access the live webcast log on to To listen to the call, dial 888-350-0137 (US) or 970-315-0478 (International) with access code 24944255. For...