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Airbus Group NV (EADSF.PK, EADSY.PK) has agreed to drop an order for six A380 aircraft from Japan's Skymark Airlines Inc. as the airline is not in a position to afford the aircraft, Bloomberg reported quoting people familiar with the decision. Skymark's stock tumbled over 10 percent in Tokyo. Discussions...

Acosta Sales & Marketing, a full-service sales and marketing agency in the consumer goods industry, Monday said it has signed a definitive agreement for an equity investment by asset manager The Carlyle Group (CG). Carlyle will purchase the full ownership stake of funds affiliated with Thomas H. Lee...

Japanese consumer electronics giant Panasonic Corp. (PCRFY.PK, PCRFF.PK) has reached a basic deal with Tesla Motors Inc. (TSLA) to participate in the Gigafactory, the car battery plant that the American electric vehicle maker plans to build in the U.S., the Nikkei business daily reported Monday. According...

Technical, professional, and construction services provider Jacobs Engineering Group, Inc. (JEC) reported late Monday a profit for the third quarter that decreased from last year, despite revenue growth, reflecting higher costs and expenses. Both earnings per share and quarterly revenues missed analysts'...

Shares of KaloBios Pharmaceuticals, Inc. (KBIO) tumbled almost 12 percent in extended trades Monday after the company said that Sanofi Pasteur has agreed to terminate their collaboration and licensing agreement and handed the full global rights to the KB001-A development program back to the company....

Technical consultancy services provider Jacobs Engineering Group Inc. (JEC) reported that its third quarter net earnings attributable to Jacobs declined to $64.84 million or $0.49 per share from $108.87 million or $0.83 per share in the prior year quarter. On average, 21 analysts polled by Thomson...

Regional malls owner General Growth Properties, Inc. (GGP) reported Monday that funds from operations or FFO for the second quarter increased 12 percent from last year, reflecting improved revenues amid higher tenant sales. FFO per share and quarterly revenues came in above analysts' expectations....

Cruise line operator Norwegian Cruise Line (NCLH) reported Monday a profit for the second quarter compared to a loss last year, boosted by double-digit growth in revenues. Adjusted earnings per share topped analysts' expectations, while quarterly revenues missed their estimates. The company also issued...

Oil and gas company Range Resources Corp. (RRC) on Monday reported a 19 percent increase in profit for the second quarter from last year, reflecting higher production and a one-time gain. However, both revenue and adjusted earnings per share for the quarter missed analysts' expectations. Looking ahead,...

Shares of HealthSouth Corp. (HLS) surged nearly nine percent in extended trading on Monday after the hospitals operator reported results for the second quarter that topped analysts' expectations. The company also raised earnings forecast for the full-year 2014. However, the company reported a profit...

Industrial products maker Crane Co. (CR) on Monday reported a 9 percent increase in profit for the second quarter from last year on double-digit revenue growth that helped offset higher one-time charges. However, adjusted earnings per share for the quarter missed analysts' expectations by a penny, while...

DreamWorks Animation SKG Inc. (DWA) said Monday that former Walt Disney Co. (DIS) executive Mark Zoradi will join the company as Chief Operating Officer. Current COO Ann Daly will be elevatd to President of the company, and Lew Coleman will assume the role of Vice-Chairman in addition to his current...

Advent Software Inc. (ADVS) on Monday posted a profit for the second quarter, turning around from a loss last year, driven largely by revenue growth and lower operating costs. San Francisco, California-based Advent Software's second-quarter profit was $12.6 million or $0.24 per share, compared to...

Targacept Inc (TRGT) said Monday it is discontinuing further development of TC-5214 in overactive bladder, after a Phase 2b study showed that episodes of urinary incontinence failed to achieve statistical significance. Following the announcement, Targacept shares dropped about 24 percent in after-hours...

Amkor Technology Inc (AMKR), a semiconductor packaging and test services provider, Monday reported a higher second-quarter profit, led by a 3 percent climb in sales along with better margins. Earnings, however, missed Wall Street estimates, while sales exceeded expectations. Amkor provided strong...