Business News

Medtronic-090315.jpgMedical device maker Medtronic plc on Thursday reported a 6 percent decline in profit for the first quarter from last year, as a surge in revenues that was helped by the company's acquisition of Covidien plc was more than offset by higher costs and expenses. However, sales beat analysts' expectations. The company also affirmed its outlook for earnings and sales growth for fiscal 2016.

AGN Opens Wallet Yet Again, VTL Trims Workforce, First Biosimilar Launched

In order to conserve cash for a possible new phase III clinical trial of its investigational bio- artificial liver support system, ELAD, Vital Therapies Inc. (VTL) is reducing its workforce by 30% and plans to institute across the board expense reductions.

Bohai To Buy Avolon For $31 A Share

Aircraft leasing company Avolon (AVOL) on Thursday said it has agreed to be acquired by Bohai Leasing Co Ltd at a price of US$31 cash per share, in a transaction with an enterprise value of about US$7.6 billion. The deal is expected to close by the first quarter of 2016. The offer price represents...

Esterline Technologies Corp. (ESL) Is Falling After Q3 Miss

Esterline Technologies Corp. (ESL) reported third quarter adjusted EPS of $1.33 after the close Thursday, down from $1.41 in the previous year. Analysts expected EPS of $1.42. The company also lowered its full year adjusted EPS forecast to between $4.35 and $4.45, from prior expectations of $4.55 to...

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...

Cooper Companies Q3 15 Earnings Conference Call At 5:00 PM ET

Cooper Companies Inc (COO) will host a conference call at 5:00 PM ET on Sep. 03, 2015, to discuss its Q3 15 earnings results. To access the live webcast, log on at http://investor.coopercos.com/ To hear the live call, dial 855-643-4430 (U.S.) / 707-294-1332 (International) with Passcode "Cooper"....
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