Merck (MRK) Thursday announced the discontinuation of the extension phases of its studies on investigational adenosine A2A receptor antagonist for the treatment of Parkinson's disease, as initial review of data from three Phase III trials did not provide evidence of efficacy for preladenant compared...
China Zenix Auto International Limited (ZX), a commercial vehicle wheel manufacturer in China, Friday said first-quarter declined from the year-ago quarter, amid lower revenues.
Profit and total comprehensive income for the first quarter declined to 42.62 million yuan ($6.9 million) from 135.32 million...
Miner Rio Tinto Plc. (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said Thursday that about 100 employees of Kennecott Utah Copper were notified that their roles have been impacted by Kennecott's efforts to reduce operating costs as a result of the April 10 slide.
The miner had said last month that Kennecott...
Titan Machinery Inc. (TITN), a network of agricultural and construction equipment stores, Thursday said it expects a loss for the first quarter, as revenues came in less than expected amid late spring weather and challenging conditions in the construction industry. The firm cut its profit forecast for...
A former investment banker at Goldman Sachs Group Inc. (GS) has agreed to pay a civil penalty of $100,000 and also submit to a five-year ban from the securities industry to settle charges by the Securities and Exchange Commission about his role in a "pay-to-play" scheme involving a Massachusetts gubernatorial...
Sports apparel retailer Zumiez, Inc. (ZUMZ) reported Thursday a profit for the first quarter that declined from last year, reflecting lower margins amid increase in expenses. Stripping down charges, earnings per share would have topped analysts' expectations by a penny, so did quarterly revenues.
The...
Internet search giant Google, Inc. (GOOG) is considering a bid for Israeli GPS navigation app maker Waze, Inc. that will set up a bidding war with Social networking giant Facebook, Inc. (FB), according to a Bloomberg report on Thursday.
Google, which recently overhauled its Google Maps, is now looking...
Williams-Sonoma Inc. (WSM) on Thursday reported a 28 percent increase in profit for the first quarter on higher revenues as well as comparable brand sales. Both revenue and earnings per share beat analysts' estimates.
Looking ahead, the home products and furnishings retailer forecasts earnings for...
Diversified machinery maker Nordson Corp. (NDSN) on Thursday reported a 5 percent increase in profit for the second quarter, reflecting double-digit revenue growth across all three of its segments and the absence of restructuring charges compared to last year.
However, revenue missed analysts' expectations,...
Israel-based drugmaker Taro Pharmaceutical Industries Ltd. (TARO) on Thursday reported a 4 percent increase in profit for the fourth quarter, reflecting double-digit revenue growth and higher margins.
The company's net income for the fourth quarter was $49.17 million or $1.10 per share, up from $47.25...
Tempur-Pedic International Inc. (TPX), the world's largest bedding maker, said Thursday that its shareholders have approved the change of the company's name to Tempur Sealy International, Inc. at the company's Annual Meeting of Shareholders.
The company will continue to trade on the NYSE under the...
Dean Foods Co. (DF) said Thursday that it has completed its previously announced distribution of an aggregate of about 47.7 million shares of Class A common stock and about 67.9 million shares of Class B common stock of WhiteWave Foods Co. (WWAV) as a pro rata dividend on shares of Dean Foods common...
Automated network control solutions provider Infoblox Inc. (BLOX), Thursday posted a third-quarter loss that narrowed from a year ago, aided by strong revenue growth across all regions. Excluding items, the company reported an adjusted profit that topped Wall Street estimates, as did revenues.
Looking...
Department store chain Sears Holdings Corp. (SHLD), Thursday reported a swing to loss in the first quarter from a profit last year, as last year's results mainly reflected hefty gains from asset sales. Adjusted loss for the period widened, due mainly to weak sales and margins. Shares of the company plunged...
Sabra Health Care REIT, Inc. (SBRA) on Thursday updated its 2013 guidance to take into account the issuance of $200 million of 2023 Notes, redemption of $113.8 million of the 2018 Notes and investments through March 31, 2013 of $17.5 million.
In addition, the updated 2013 guidance no longer contemplates...