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After coming under pressure early in the session, shares of Hormel Foods (HRL) have climbed off their worst levels of the day but remain negative in late-day trading on Thursday.

Drug giant Pfizer Inc. (PFE) has agreed to pay $23.85 million to settle allegations that that it used a foundation as a conduit to pay the copays of Medicare patients taking three Pfizer drugs, in violation of the False Claims Act, the Justice Department announced Thursday. Under the Anti-Kickback...

Shares of Deutsche Bank (DB) have moved notably lower during trading on Thursday, slumping by 4.4 percent.

Bluefin has recalled about 3,000 wireless phone chargers due to risk of burn. The company has recalled its wireless smart phone chargers with model number AC16B printed on the bottom. The recalled chargers are circular and have clear edges and a white plastic center with black trim. The company says...

The U.S. Food and Drug Administration has issued a warning to consumers on over-the-counter teething products containing benzocaine, as it poses a serious risk to infants and children. The agency said that the OTC oral health products containing the pain reliever benzocaine for the temporary relief...

After gapping open sharply lower, shares of Best Buy (BBY) continue to see significant weakness in afternoon trading on Thursday.

Shares of Destination Maternity (DEST) are seeing substantial strength in afternoon trading on Thursday, surging up by 18.6 percent.

Genmab A/S announced that results from the Phase III study of Arzerra or ofatumumab plus bendamustine did not meet the primary endpoint of improved progression-free survival or PFS in patients with indolent B-cell non-Hodgkin's lymphoma (iNHL) who were unresponsive to rituximab or a rituximab-containing...

Babcock & Wilcox Enterprises, Inc. (BW) confirmed that it had received a non-binding indication of interest from Steel Partners to acquire B&W in a transaction in which B&W shareholders would receive between $3.00 and $3.50 per share in cash. Steel Partners beneficially owns 17.8 percent of B&W's outstanding...

SMA Solar Technology AG (SMTGF.PK) announced its Managing Board confirmed the company's sales and earnings guidance for the 2018 fiscal year, which forecasts sales of between 900 million and 1 billion euros and EBITDA of between 90 million and 110 million euros. At the Annual General Meeting, the...

Clorox Co. (CLX) said its board of directors has authorized the company to repurchase its stock in the open market for an aggregate purchase price of up to $2 billion. Clorox noted that the stock repurchase program is designed to return value to its stockholders and is in addition to the company's...

AbbVie (ABBV) announced that the Phase 3 iLLUMINATE (PCYC-1130) trial met its primary endpoint of improvement in progression-free survival (PFS). The study evaluated IMBRUVICA (ibrutinib) in combination with GAZYVA (obinutuzumab) in previously untreated chronic lymphocytic leukemia or small lymphocytic...

Elliott Management Corporation sent a letter to the Board of Directors of athenahealth, Inc. (ATHN) following up on Elliott's recent proposal to acquire athenahealth for $160 per share in cash. The letter aggregated for the Board the outpouring of positive reactions to Elliott's offer specifically...

Responding to George Feldenkreis' letter to the Perry Ellis Board of Directors on May 23, 2018, The Special Committee of the Perry Ellis International (PERY) said Thursday that no decision has been made with respect to the Company's response to the Feldenkreis Proposal. There is no assurance the Feldenkreis...

Visa Inc. (V) said it has made a strategic investment in YellowPepper, a mobile payments provider in Latin America, to help accelerate adoption of mobile payments and tokenization in Latin America and the Caribbean. The strategic investment, the first of its kind for Visa in the region. Visa and...

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