Breaking News

Share SHARE

Bristol-Myers Squibb Co. (BMY) and Lonza on Thursday announced a multi-year expansion of their existing biologics manufacturing agreement. The contract expansion will include the production of commercial quantities of a second Bristol-Myers Squibb biologic medicine at Lonza's mammalian manufacturing...

Warren Buffett's Berkshire Hathaway Inc (BRK.A, BRK.B) Thursday appointed Mary Rhinehart as chairman of Johns Manville, a Berkshire company and building products manufacturer. Rhinehart was appointed as Johns Manville's president and chief executive officer in November 2012. Warren Buffett, chairman...

Southern California-based law firm Eagan Avenatti, LLP said Thursday that it has filed a class action lawsuit in the United States District Court for the Central District of California in Los Angeles, alleging that Kimberly-Clark Corp. (KMB) has committed fraud in the marketing and selling of certain...

Casino operator MGM Resorts International (MGM), on Thursday reported a loss for the third quarter that narrowed from a year ago, but were very short of Wall Street expectations. Las Vegas, Nevada-based MGM Resorts' third-quarter loss narrowed to $20.27 million or $0.04 per share from last year's...

Cellular tower operator American Tower Corp. (AMT), Thursday reported an increase in profit for the third quarter, reflecting a surge in revenues on increased consumer preference for mobile devices. Chief Executive Jim Taiclet said, "Our combined domestic and diversified international portfolio delivered...

World Wrestling Entertainment, Inc. (WWE) reported a net loss for the third quarter of $5.9 million or $0.08 per share, compared to net income of $2.4 million or $0.03 per share for the year-ago quarter. Excluding items, adjusted net loss for the third quarter was $0.6 million or $0.01 per share,...

Technology solutions provider Pitney Bowes Inc (PBI), said Thursday it returned to a profit for the third quarter, led by lower expenses, gains from discontinued operations and a marginal increase in sales. Pitney Bowes' quarterly earnings topped Wall Street estimates, but sales fell short of expectations,...

Singapore based Astrata Group Pte. Ltd. said Thursday that an affiliate has bought the Chinese company Yamei Electronics Technology Company (Changchun) Ltd. from Trimble Navigation Ltd. (TRMB). This is Astrata's second acquisition of a subsidiary of a major listed company this year, having acquired...

Acadia Realty Trust (AKR) said Thursday that it expects to receive about $101.2 million in estimated gross proceeds from its sale of 3.4 million shares of beneficial interest to BofA Merrill Lynch and Barclays, or about $116.3 million if the option to purchase additional shares is exercised in full....

Oil refiner Marathon Petroleum Corp. (MPC) on Thursday reported a four-fold increase in profit for the third quarter from last year, helped by higher price realizations on its refined products and on improved crack spreads. Gary Heminger, President and CEO of Marathon Petroleum said, "The efficiency...

Auto parts supplier Johnson Controls, Inc. (JCI) reported Thursday a profit for the fourth quarter that nearly tripled from last year, reflecting significantly lower income tax provisions and higher revenues in all primary businesses. Adjusted earnings per share from continuing operations topped analysts'...

Kemet Corp. (KEM), a supplier of electronic components, reported that its net income for second quarter ended September 30, 2014 was $6.33 million or $0.12 per share compared to a loss of $13.10 million or $0.29 per share in the same quarter last year. The U.S. GAAP net income from continuing operations...

Carnival Corp. (CCL,CCL.L) Thursday said Gerry Cahill, chief executive officer of the company's cruise ship brand Carnival Cruise Lines, has announced that he will retire, with effect from November 30. The company has not named any replacement and said that Cahill will stay on in an advisory capacity...

Public Service Enterprise Group Inc. (PEG) on Thursday reported a 14 percent increase in profit for the third quarter from last year on higher revenues associated with an expanded capital program. Operating earnings for the quarter beat analysts' expectations, while revenues missed their estimates. Looking...

Autoparts maker BorgWarner, Inc. (BWA) Thursday reported a marginal decline in the third-quarter profit, despite 13 percent growth in sales. Earnings per share, however, improved from last year. Adjusted earnings topped analysts' expectations, while revenues missed view. The firm cut its earnings...