Business News


hp-082014-lg.jpgComputer and printer maker Hewlett-Packard Co. (HPQ) said Wednesday after the markets closed that its third quarter profit fell 29% from last year, hurt mainly by higher restructuring charges even as revenue grew 1%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue beat analysts' forecast.
More

GSK Gets FDA Approval For Asthma Drug Arnuity Ellipta



GlaxoSmithKline plc (GSK, GSK.L) said Wednesday that the FDA has approved Arnuity Ellipta, a once-daily inhaled corticosteroid medicine for maintenance treatment of asthma as prophylactic therapy in patients aged 12 years and older. Arnuity is not indicated for relief of acute bronchospasm. The...
More

Latest News
More

L Brands Q2 Profit Tops Estimate; Boosts FY14 EPS Outlook


L Brands, Inc. (LB) reported net income for the second quarter of $188.4 million or $0.63 per share, compared to $179.0 million or $0.61 per share for the year-ago quarter. Net sales for the second quarter rose 6% to $2.68 billion from $2.52 billion a year ago. The company reported a same-store sales...
More

Australia Leading Index Rises In June - Conference Board


The Australian economy is on pace to continue its modest recovery, the Conference Board said on Thursday as its leading economic index was up 0.4 percent in the month of June. That follows the 0.2 percent increase in May and the 0.1 percent decline in April. During the six-month period through June,...

Australia Leading Index +0.4% In June - Conference Board

More

CST Brands To Buy Nice N Easy Grocery Shoppes


CST Brands, Inc. (CST) said Wednesday that it has agreed to buy the convenience store assets, franchisor rights and associated trademarks of Nice N Easy Grocery Shoppes. Terms of the deal were not disclosed. Nice N Easy operates 77 corporate and franchise stores in Central New York. The company...

CST Brands To Acquire Nice N Easy Grocery Shoppes

VMware Acquires CloudVolumes

More

Hewlett-Packard (HPQ) Is Down Slightly After Q3 Profit Matched Expectations


Hewlett-Packard (HPQ) reported third quarter adjusted EPS of $0.89 after the close Wednesday, compared to $0.86 last year. Analysts expected EPS of $0.89. The company expects to report fourth quarter adjusted EPS of $1.03 to $1.07 and between $3.70 and $3.74 for the full year. The consensus estimates...
More

Wayfair To Raise $350 Mln In IPO


Wayfair, the online home-furnishing retailer Friday filed Form S-1 in the United States Securities And Exchange Commission to raise $350 million in an initial public offering of Class A common stock. The Boston Based company intends to list shares on the New York Stock Exchange under the symbol "W"....
More

International Rectifier Q4 14 Earnings Conference Call At 5:00 PM ET


International Rectifier Corp. (IRF) will host a conference call at 5:00 PM ET on August 20, 2014, to discuss its Q4 14 earnings results. To access the live webcast, log on at http://investor.irf.com To hear the live call, dial 706-679-3195 with ID : 35876851. For a replay call, dial 855-859-2056...
More