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Generic drugmaker Lannett Company, Inc. (LCI) said Monday that it expects to report net sales of about $115 million and earnings of $1.18 to $1.21 per share for the second quarter of fiscal 2015. For the prior year second quarter, the company recorded net sales of $67.3 million and net income attributable...

facebooklit-012615.jpg Facebook Lite, an Android app aimed at users of low-end mobile devices in developing countries, is available on Google Play. The tiny 252-262KB download is also a better fit for users of older phones or those on a slower 2G network. The quick-loading, low-fi Facebook app is based on Snaptu, an...

Premium Brands Holdings Corp (PBH.TO) said it plans to close its processed meats plant located in Toronto, Ontario in December, 2015. The company said that while it looked at various options to continue to operate this leased facility that was built in 1958, none were economically feasible due to...

Toy maker Mattel, Inc. (MAT) on Monday announced that Chairman and Chief Executive Officer Bryan Stockton has resigned from the positions and also from the Board of Directors. The company has also named Christopher Sinclair to succeed Stockton as chairman and Interim CEO, effective immediately. Sinclair...

Maintenance supplies distributor W.W. Grainger, Inc. (GWW) on Monday reported a 5 percent decline in profit for the fourth quarter from last year, as higher sales were more than offset by one-time charges. Adjusted earnings per share for the quarter missed analysts' estimates. Looking ahead, the...

Ocwen Financial Corp. (OCN) said that effective January 23, 2015, Ocwen Loan Servicing, LLC or "OLS", a wholly owned subsidiary of Ocwen Financial, reached an agreement with the California Department of Business Oversight or the "CA DBO", which will result in the CA DBO withdrawing its notice of hearing...

GlaxoSmithKline plc (GSK, GSK.L) announced the simultaneous availability of two of its recently approved products for the treatment of asthma and COPD to retail pharmacies in the US. Arnuity Ellipta (fluticasone furoate inhalation powder) is a once-daily inhaled corticosteroid (ICS) medicine for...

Energy Transfer Partners L.P. (ETP) and Regency Energy Partners LP (RGP) announced they have entered into a definitive merger agreement. The merger will be a unit-for-unit transaction, plus a one-time cash payment to Regency unit holders, that collectively implies a value for Regency of approximately...

Mattel Inc. (MAT) announced that it has named Christopher Sinclair as its Chairman and Interim Chief Executive Officer or CEO, effective immediately. The company also announced that Bryan Stockton has resigned as Mattel's Chairman and Chief Executive Officer and resigned from the Board of Directors. Commenting...

NVR Inc. (NVR) reported fourth-quarter net income of $99.45 million or $23.24 per share, compared to $97.81 million or $21.15 per share, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $24.16 for the quarter. Analysts' estimates typically...

Ocwen Financial Corp. (OCN), a financial services holding company, responded to a letter from lawyers representing BlueMountain Capital Management, LLC, a purported holder of notes issued by HLSS Servicer Advance Receivables Trust, by addressing the allegations in the letter directly with the indenture...

MUFG Americas Holdings Corp. (MTU), parent company of San Francisco-based MUFG Union Bank, N.A., announced that net income for the fourth quarter was $155 million, down 13 percent from $179 million in the prior-year quarter, reflecting a decrease in noninterest income and increases in income tax expense...

Two people are dead, including the gunman, after a disgruntled Home Depot employee opened fire at a store in New York City's Chelsea district. Calvin Esdaile, 31, was heard arguing with his supervisor in front of customers. Police say Esdaile then shot the manager in the chest before turning the gun...

Shares of D.R. Horton, Inc. (DHI) were climbing more than 7 percent or $1.6 at $24.70 in the pre-market trading Monday, after it reported better-than-expected first-quarter results. Also read our story on the company's quarterly earnings.

China Lodging Group Ltd. (HTHT), a multi-brand hotel group in China, Monday announced the appointment of Jenny Zhang as president. She will continue to serve as CFO. The company also announced the appointment of Hui Chen as executive vice president of Finance and Yunhang Xie as chief strategy officer....

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