Business News

activison-080415.jpgActivision Blizzard reported a better-than-expected increase in second-quarter profit, as the video game publisher saw robust growth in digital channels, penetration in China and improved margins. It lifted its guidance for 2015, sending its shares up...

Immunomedics Says FDA Grants Orphan Drug Status For Veltuzumab To Treat ITP

Immunomedics Inc.(IMMU) announced that the Office of Orphan Products Development of the U.S. Food and Drug Administration (FDA) has granted orphan status for the use of veltuzumab, the Company's humanized anti-CD20 antibody, for the treatment of immune thrombocytopenia or ITP. In a Phase 1 study,...

Trinseo Q2 Profit Tops Estimate

Trinseo SA (TSE) reported net income for the second quarter of $0.6 million or $0.02 per share, compared to a net loss of $44.6 million or $1.15 per share for the year-ago quarter. Excluding items, adjusted net income for the second quarter was $79 million or $1.61 per share, compared to $11 million...

Hong Kong Private Sector Contracts Further

Hong Kong's private sector activity deteriorated again in July, as output and new orders declined strongly, results of a survey by Nikkei and Markit Economics showed Wednesday. The Nikkei Purchasing Managers' Index, or PMI, for the private sector, fell to 48.2 in July from 49.2 in June. Any reading...

Baxalta Rejects Shire's Unsolicited $30 Bln Takover Bid

Baxalta Inc. (BXLT) on Tuesday rejected an unsolicited $30 billion takeover bid from Ireland-based pharmaceutical company Shire plc (SHPG, SHP.L), saying that its board of directors determined the offer is not in the best interests of Baxalta or its shareholders. Wayne Hockmeyer, Chairman of the...

Walt Disney Co. (DIS) Is Falling After Q3 Revenues Disappoint

Walt Disney Co. (DIS) reported third quarter adjusted EPS of $1.45 after the bell Tuesday, with revenues of $13.10 billion. The consensus estimates were for EPS of $1.42 and revenues of $13.23 billion. The stock is now down 2.40 on 847K shares. Walt Disney gapped up slightly Tuesday, but traded in...

Neiman Marcus Files For $100 Mln IPO

Neiman Marcus Group, Inc., the century-old luxury department-store chain, has filed with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering. The company did not specify the number of shares to be sold and the pricing. The company did not mention...

DreamWorks Animation SKG Q2 15 Earnings Conference Call At 4:30 PM ET

DreamWorks Animation SKG Inc. (DWA) will host a conference call at 4:30 PM ET on August 4, 2015, to discuss Q2 15 earnings results. To access the live webcast log on to ir.dreamworksanimation.com To listen to the call, dial (800) 230-1059 (US) or (612) 234-9959 (International). For a replay...
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