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Consumer electronics maker Sony Corp.'s (SON.L, SNE) Sony Pictures Entertainment Inc. has reached a settlement with nine of its former employees over a proposed class-action lawsuit, related to last year's cyber attack in which the personal data of these employees were allegedly exposed. The proposed...

Membership warehouses operator Costco Wholesale Corp. (COST) on Wednesday reported a 1 percent decline in net sales for the month of August from the same period last year. Comparable sales for the month decreased 2 percent, while it grew 5 percent after excluding the negative impacts from gasoline...

Motorola has announced its second generation Android Wear smartwatches. The original Moto 360 was the first smartwatch that actually looked like a watch. With the second generation, the company has refined the classic and timeless design and created a watch collection specifically designed for men,...

Parsons Government Services Inc. has agreed to pay the United States $3.8 million to settle allegations that the company knowingly mischarged the U.S. Department of Energy or DOE for ineligible or inflated short-term and long-term employee relocation costs in connection with its contract on the DOE Salt...

NEC Tokin Corp. will plead guilty and pay a $13.8 million criminal fine for conspiring with competitors between 2002 and 2013 to fix prices for electrolytic capacitors sold to customers in the United States and elsewhere, the U.S. Department of Justice said on Wednesday. Electrolytic capacitors store...

The Securities and Exchange Commission announced that an investment advisory firm in Philadelphia has agreed to pay more than $21 million to settle charges that it fraudulently retained fees belonging to collateralized debt obligation or CDO clients. An SEC investigation found that Taberna Capital...

Costco Wholesale Corp. (COST) reported that its comparable sales for the month of August 2015 were down 2%, with a 1 percent rise in U.S., an 11 percent drop in international comparable sales. Monthly total Comparable sales, excluding the negative impacts from gasoline price deflation and foreign...

Norfolk Southern Corp. (NSC) said it is realigning the reporting structure for two departments. Effective October 1, 2015, NS' Strategic Planning department will report to James A. Squires, president and CEO, and NS' Information Technology department will report to Cindy C. Earhart, executive vice president...

Canadian Oil Sands (COSWF, COS.TO) on Wednesday provided information on the recovery plan and a preliminary assessment of the production impact related to the process fire that occurred at Syncrude's Mildred Lake upgrader on August 29. Syncrude continues to work with Occupational Health and Safety...

ABM Industries Inc (ABM), a provider of facility solutions, on Wednesday reported third-quarter net earnings of $1.5 million or $0.03 per share compared with $19.4 million or $0.34 per share last year. Excluding items, adjusted earnings for the quarter were $0.47 per share. Revenues for the quarter...

Discount retailer Five Below Inc. (FIVE), Wednesday said its second-quarter profit dropped from a year ago, as sales fell short of analysts' estimates. Shares of the company plunged about a near 10 percent in after-hours trade. Philadelphia, Pennsylvania-based Five Below's second-quarter profit dropped...

Generic drugmaker Lannett Co Inc (LCI) on Wednesday agreed to buy Kremers Urban Pharmaceuticals Inc (KU), the U.S. specialty generic pharmaceuticals unit of UCB S.A. (UCBJF, UCBJY), for $1.23 billion, plus potential contingency payments. Lannett expects the deal to be accretive to adjusted EPS in...

Catalent Inc (CTLT) on Wednesday reported fourth-quarter net earnings of $153.7 million or $1.22 per share compared with $27.2 million or $0.36 per share last year. Excluding income tax benefit and other items, adjusted earnings for the quarter were $0.61 per share compared with $1.01 per share a...

Verint Systems Inc (VRNT) on Wednesday reported second-quarter net loss of $11.2 million or $0.18 per share compared with a loss of $12.3 million or $0.21 per share last year. Excluding items, adjusted earnings for the quarter were $0.70 per share compared with $0.72 per share a year ago. Analysts...

NCI Building Systems Inc (NCS) on Wednesday reported third-quarter net earnings of $7.2 million or $0.10 per share compared with $6 million or $0.08 per share last year. Excluding items, adjusted earnings for the quarter were $0.15 per share compared with $0.10 per share a year ago. Revenues for...

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