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The Federal Deposit Insurance Corp. or FDIC, announced Friday the shuttering of Puerto Rico's Doral Bank, taking the count of total U.S. bank closures in 2015 to four, after 18 in 2014, 24 in 2013, 51 in 2012, 92 in 2011 and the 157 bank closures in 2010. It is the most costly failure since Western...

Nathan's Famous Inc. (NATH) said Friday it has priced an offering of $135.0 million aggregate principal amount of its 10.000% Senior Secured Notes due 2020. The offering was increased from a prior announced size of $125.0 million in aggregate principal amount of Notes. The company intends to use...

Opko Health Inc (OPK), a biopharmaceutical and diagnostics company, on Friday reported fourth-quarter net loss of $53 million or $0.12 per share compared with a loss of $16.8 million or $0.04 per share last year. The company's revenues for the quarter were hihger at $25.5 million compared with $20.7...

Oilfield equipment maker Dresser-Rand Group Inc. (DRC) reported net income for the fourth quarter of $46.2 million or $0.60 per share, compared to $32.8 million or $0.43 per share for the year-ago quarter. Excluding items, adjusted net income for the latest quarter was $116.9 million or $1.52 per...

Intrexon Corp (XON), a company focused on synthetic biology, on Friday said it agreed to buy Canada-based Okanagan Specialty Fruits. Intrexon said that pursuant to the definitive agreement, Okanagan's stockholders will receive $31 million in Intrexon common stock and $10 million in upfront cash....

French media and music company Vivendi SA (VIVEF.PK) on Friday said its net income to shareholders in fiscal 2014 surged to 4.74 billion euros or 3.5 euros per share from 1.97 billion euros or 1.47 euros per share last year. Results reflect gains on the divestitures of SFR totaling 2.4 billion euros,...

Valero Energy Partners LP (VLP) today announced that the board of directors of its general partner has approved the Partnership's acquisition of certain businesses from subsidiaries of Valero Energy Corp. (VLO). In the deal, Valero Energy Partners will receive the outstanding membership interests...

William C. Dudley, New York Federal Reserve President today urged caution on raising interest rates, citing uncertainty about the sustainability of the U.S. economic recovery. "I do think that the real potential GDP growth rate will be lower over the medium term, held down by much slower growth of...

Visa Inc. (V) said Friday that it has agreed to buy TrialPay, a privately held company with an offers platform that connects merchants with millions of consumers through targeted promotions. Financial terms of the deal were not disclosed. Headquartered in Mountain View, California, TrialPay has...

Contract driller Rowan Companies Plc (RDC) on Friday reported a loss for the fourth quarter as strong revenue growth was more than offset by higher impairment charges. However, adjusted earnings per share for the quarter matched analysts' expectations, while revenues beat their estimates. The Houston,...

Gold prices were little changed Friday morning after a better-than-expected U.S. GDP report raised speculation of an interest rate hike from the Federal Reserve mid-year. Federal Reserve Bank of Atlanta President Dennis Lockhart said this morning in the Wall Street Journal that a rate hike is on the...

Stoneridge, Inc. (SRI) reported a fourth-quarter net loss of $26.55 million or $0.99 per share, compared to net income of $0.20 million or $0.01 per share in the prior-year quarter. Loss from continuing operations was $24.86 million or $0.92 per share, compared to income of $3.49 million or $0.12...

Swiss pharmaceutical giant Novartis AG (NVS) said Friday that its shareholders approved all resolutions proposed by the company's board of directors, including election of all board members who stood for re-election and a 6 percent increase in the dividend for 2014. Shareholders also approved revisions...

Allergan Inc. (AGN) announced that it has received approval from the U.S. Food and Drug Administration or FDA to market Natrelle Inspira round gel-filled smooth breast implants. The Natrelle Inspira line is different from other available breast implant styles as it has a higher fill ratio that provides...

Icahn Enterprises L.P. (IEP) reported that its fourth-quarter net loss attributable to the company allocable to Limited partners was $469 million, compared to net income of $218 million in the prior year. Loss per LP unit was $3.84 compared to net income of $1.90 in the previous year. Adjusted loss...

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