Business News

hrblock-090115.jpgH&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade...

FLXN On Fast Track, WMGI Gets FDA Nod, RDHL Gearing Up, NVRO Awaits D-Day

Nevro Corp. has submitted its preliminary response to the Patent Trial and Appeals Board, or PTAB, in response to two petitions for inter partes review filed by a unit of Boston Scientific Corp., challenging the validity of Nevro's patent no. 8,359,102. A decision by the PTAB to either institute or deny review of the petition is expected by December 1st, 2015.

Qihoo Profit Trumps Estimates

Qihoo 360 Technology Co Ltd (QIHU), the Chinese Internet company, on Tuesday reported second-quarter net earnings of $81.4 million or $0.62 per American depositary share compared with $39.1 million or $0.30 per share last year. Excluding items, adjusted earnings for the quarter were $0.82 per share...

Australia Q2 GDP Expands 2.0% On Year

Australia's gross domestic product gained a seasonally adjusted 2.0 percent on year in the second quarter or 2015, the Australian Bureau of Statistics said on Wednesday. That was shy of forecasts for an increase of 2.2 percent and down from 2.3 percent in the first quarter. On a quarterly basis,...

PPG Closes Acquisition Of IVC Industrial Coatings

PPG Industries (PPG) on Tuesday said it has completed its acquisition of IVC Industrial Coatings Inc., a maker of powder and liquid coatings with 2014 sales of more than $100 million. Financial terms were not disclosed. IVC, based in Brazil, Indiana, focuses on the manufacture of powder and liquid...

Guidewire Software Inc. (GWRE) Is Falling On Disappointing Forecast

Guidewire Software Inc. (GWRE) reported fourth quarter adjusted EPS of $0.35 after the bell Tuesday, down from $0.37 last year. Analysts expected EPS of $0.26. The company expects to report first quarter adjusted EPS of $0.01 to $0.05 and between $0.54 and $0.63 for the full year. The consensus estimates...

NovoCure Files IPO Of Up To $300 Mln

NovoCure Limited has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to raise up to $300 million in an initial public offering of common shares. The company did not specify the number of shares to be sold and the pricing. The company said it has applied...

H&R Block Q1 16 Earnings Conference Call At 4:30 PM ET

H&R Block Inc. (HRB) will host a conference call at 4:30 PM ET on September 1, 2015, to discuss Q1 16 earnings results. To access the live webcast log on to http://investors.hrblock.com To listen to the call, dial (888) 895-5260 (US) or (443) 842-7595 (International), Conference ID: 73769267. For...
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