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Amgen (AMGN) on Friday said it has commenced termination of its participation in the co-development and commercialization of investigational plaque psoriasis drug brodalumab with AstraZeneca (AZN, AZN.L). Amgen said the decision was based on events of suicidal ideation and behavior in the brodalumab...

The Children's Place Inc (PLCE), the largest pure-play children's specialty apparel retailer in North America, on Friday reached an agreement with Macellum SPV II L.P. and Barington Companies Equity Partners, L.P. to resolve their proxy contest, under which Children's Place will appoint Macellum and...

ADESA, a part of vehicle auctioneer KAR Auction Services (KAR), on Friday said its subsidiary, AutoVIN, has completed the acquisition of the vehicle inspection business from DataScan Field Services, a JM Family Enterprises company. DataScan utilizes Internet-based technology to perform vehicle inspection...

Exelis Inc. (XLS) said Friday that its shareholders have approved the merger agreement providing for the acquisition of the company by Harris Corp. (HRS). Exelis also said that on Thursday, Exelis and Harris received notification that the Department of Justice had terminated the waiting period applicable...

Exxon Mobil Corp. (XOM) said that media reports about the company lobbying the U.S. government on Iran sanctions are inaccurate. The company noted that the erroneous media reports resulted from errors in a consultant's lobbying disclosures. "ExxonMobil is not lobbying on Iran sanctions," said Ken...

Hibbett Sports, Inc. (HIBB), a sporting goods retailer, reported first-quarter net income of $27.4 million, compared to $28.4 million, last year. Earnings per share was $1.09, flat with prior year. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of...

Pharmacyclics, Inc. (PCYC) said the Committee for Medicinal Products for Human Use of the European Medicines Agency issued a positive opinion recommending a change to the terms of the marketing authorization for IMBRUVICA (ibrutinib) in the European Union to indicate the treatment of adult patients with...

Chinese Internet and online game services NetEase, Inc. (NTES) Friday said its wholly-owned subsidiary Lede Technology Co., Ltd. has signed a joint venture agreement with HNA Group to form new Internet travel company. Lede Technology will provide technical and marketing support for the joint venture,...

AbbVie (ABBV) Friday said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for AbbVie's purchase of Pharmacyclics, Inc. has expired today. The expiration satisfies the exchange offer condition with respect to the approvals and clearances required under antitrust laws....

Frisch's Restaurants, Inc. (FRS) and NRD Partners I, L.P., a private equity fund, announced an agreement pursuant to which an affiliate of NRD Partners I, L.P. will acquire all of the outstanding shares of Frisch's Restaurants for $34.00 per share in cash, or approximately $175 million. Frisch's...

Gold prices were slightly higher Friday morning ahead of crucial inflation data from the US. A tame inflation report could cement expectations that the Federal Reserve will keep interest rates at zero all summer. Gold for June was up 7 dollars at $1212 an ounce, having topped out near $1230 earlier...

Mentor Graphics Corp. (MENT) reported first-quarter net loss of $9.89 million or $0.08 per share, wider than net loss of $2.55 million or $0.02 per share last year. Adjusted earnings for the quarter were $0.28 per share, compared to $0.11 per share in the same period last year. Revenues for the...

ANN INC. (ANN) reported first-quarter net income of $13.6 million, or $0.29 per share, compared to $5.2 million, or $0.11 per share, last year. Excluding the $3.7 million, or $0.08 per share, after-tax effect of the first quarter 2015 restructuring charge, net income would have been $17.3 million, or...

Crude oil futures held above $60 a barrel Friday morning amid tensions in the Middle East and speculation that Federal Reserve will delay raising interest rates. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at $60.59 a barrel, down $0.20 in the Globex...

Merck & Co. Inc. (MRK), known as MSD outside the United States and Canada, Friday announced a positive opinion from the Committee for Medicinal Products for Human Use or CHMP for its advanced skin cancer therapy Keytruda or pembrolizumab in patients with unresectable or metastatic melanoma. The opinion...

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