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Maternity apparel retailer Destination Maternity Corp. (DEST) announced Friday that it does not intend to make an offer for UK-based mother and baby apparel retailer Mothercare Plc (MTC.L) and is withdrawing its proposal for a possible combination. It was on July 2 that Destination Maternity confirmed,...

AcelRx Pharmaceuticals, Inc. (ACRX) announced late Friday that the U.S. Food and Drug Administration or FDA has issued a Complete Response Letter or CRL for the company's new drug application for Zalviso (sufentanil sublingual tablet system). The specialty pharmaceutical company focused on the treatment...

Israel and Hamas have agreed to a 12-hour humanitarian ceasefire in Gaza Strip that will start Saturday morning, reports said. Efforts to negotiate a seven-day ceasefire are still ongoing. As per an Israeli spokesperson, troops would keep searching for tunnels used by militants during the brief truce,...

SkyWest, Inc. (SKYW), a holding company for two scheduled passenger airline operations and an aircraft leasing company, late Friday said it now expects second-quarter financial results to be lower than it previously anticipated. The company now expects net loss between $12 million and $14 million...

International Business Machines Corp.'s (IBM) talks to sell its money losing chip-manufacturing business to Globalfoundries Inc. have ended after the two companies failed to agree on terms, Bloomberg reported Friday, citing people familiar with the process. Globalfoundries made an offer that was...

Tyson Foods, Inc. (TSN) said Friday that it plans to discontinue operations at three facilities as part of its ongoing efforts to improve the performance of its prepared foods business. The company said its Cherokee, Iowa, plant will close effective September 27, while its Buffalo, New York, and Santa...

Frontier Communications Corp. (FTR) said Friday that the Federal Communications Commission has approved its proposed acquisition of AT&T, Inc.'s (T) local wireline, broadband and video operations in Connecticut. Frontier is currently also seeking approval from the Connecticut Public Utilities Regulatory...

Hudson Valley Holding Corp. (HVB) posted second-quarter net income of $2.4 million or $0.12 per share, compared to $3.5 million or $0.18 per share in the comparable quarter last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.14 per share. Analysts' estimates...

Cal-Maine Foods, Inc. (CALM) said Friday that it has entered into a new joint venture for specialty egg sales with Hickman's Egg Ranch, Inc. Based in Buckeye, Arizona, a suburb of Phoenix in western Maricopa County, Hickman's Egg Ranch has been family-owned and operated since 1944. With processing...

Northrop Grumman Corp. (NOC) said the U.S. Army has awarded it a cost-plus-fixed-fee contract, with a potential value of $205 million, to continue providing mission logistics services in support of combat brigades training at the National Training Center in Fort Irwin, California. The company said...

Provident Financial Services Inc. (PFS) posted second-quarter net income of $16.4 million or $0.28 per share, compared to $19.2 million or $0.34 per share in the comparable quarter last year. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.31 per share. Analysts'...

NuStar GP Holdings, LLC (NSH) reported net income for the second quarter of $15.8 million or $0.37 per unit, compared to $12.6 million or $0.29 per unit for the year-ago quarter. Equity in earnings of NuStar Energy L.P. rose to $16.74 million in the second quarter from $13.42 million in the second...

The First of Long Island Corp. (FLIC) posted second-quarter net income of $5.5 million or $0.60 per share, compared to $5.3 million or $0.58 per share in the comparable quarter last year. The increase in net income for the second quarter of 2014 versus the same quarter last year is largely attributable...

Lifepoint Hospitals Inc (LPNT) Friday reported a better-than-expected increase in second-quarter profit, helped by a 17 percent climb in revenue. The company lifted its guidance for 2014, which sent its shares up more than 6 percent in morning trade on the Nasdaq. Lifepoint benefited from higher...

Sinclair Broadcast Group, Inc. (SBGI) said Friday that the Federal Communications Commission and the Department of Justice have approved the company's $985 million purchase of TV stations owned by Allbritton Communications Co. Sinclair said it plans to close the deal on August 1.