Business News

aig-080415.jpgAIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock.

ISIS Does It Again, LXRX Shines On TELESTAR Data, ACRX Awaits EC Approval

Shares of Lexicon Pharmaceuticals Inc. (LXRX) soared more than 61% on Monday, following positive results from the company's phase III trial of its oral drug candidate Telotristat etiprate in cancer patients with Carcinoid syndrome.

AXA H1 Net Income Declines, But Revenues Rise - Quick Facts

French insurer AXA (AXAHY) reported that net income for the half year declined 7 percent to 3.08 billion euros from the prior-year period. It grew 2 percent in constant currency. Excluding items, adjusted earnings rose 12 percent to 3.49 billion euros and underlying earnings were also up 12 percent...

Australia Maintains Key Rate At 2.00%

The Reserve Bank of Australia maintained its key interest rate at a record low on Tuesday as widely expected by economists. The policy board governed by Glenn Stevens decided to leave the cash rate at 2.00 percent. The bank lowered the rates by 25 basis points each in February and May. The board...

ELong Posts Loss; Receives Going Private Proposal From Tencent

eLong Inc (LONG), a mobile and online travel service provider in China, reported a net loss of 356.4 million renminbis ($57.5 million) for the second quarter, compared with a profit of of 31.5 renminbis million last year. Loss per American depositary share for the quarter was 9.82 renminbis ($1.58),...

TriNet Group Inc. (TNET) Is Sinking After Q2 Profit Disappoints

TriNet Group Inc. (TNET) reported second quarter adjusted EPS of $0.14 after the bell Monday, down from $0.24 in the prior year period. The consensus estimate was for EPS of $0.27. TriNet Group gapped open slightly lower Monday, but traded in a range for the bulk of the session. Shares finished with...

TerraForm Global Tumble In Nasdaq Debut

Shares of TerraForm Global Inc (GLBL) dropped in its trading debut on the Nasdaq Global Select Market on Friday, after the company's initial public offering. TerraForm - a subsidiary of renewable energy development company SunEdison Inc - had priced its IPO of 45 million Class A common shares at...

LendingTree Q2 15 Earnings Conference Call At 5:00 PM ET

LendingTree, Inc. (TREE) will host a conference call at 5:00 PM ET on August 3, 2015, to discuss Q2 15 earnings results. To access the live webcast log on to http://investors.lendingtree.com To listen to the call, dial (877) 606-1416 (US) or (707) 287-9313 (International). For a replay call,...
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Economic Calendar
08/04/15 1:0PMI ManufacturingJUL Ireland
08/04/15 0:30Interest Rate Decision- Australia
08/04/15 0:0Monetary Policy Meeting- Romania
08/04/15 0:0Interest Rate Decision- Romania
08/04/15 0:0Official Foreign ReservesJUL Romania
08/04/15 0:0Monetary Policy Meeting- Hungary
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