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ON Semiconductor Corp (ON) reported a turnaround to profit in the fourth quarter despite lower revenues. Adjusted earnings per share matched analysts' expectations, while revenues missed their estimates. Looking ahead, the company forecast first-quarter revenues in line with the Street expectations. The...

U.S. astronaut Edgar Mitchell who walked on Moon on Apollo 14 mission in 1971 died in Lake Worth, Florida on Thursday. He was 85 and was going to celebrate the 45th anniversary of his moon mission on Friday.

An earthquake of magnitude 6.4 killed eight people in Taiwan. Hundreds are injured and many are trapped in the fallen buildings. Reports said seven people were killed in Tainan city in South Taiwan, when a 16 storied office building toppled after shacking violently. Five aftershocks were felt in the...

Horizon Bancorp (HBNC) and Kosciusko Financial, Inc. announced they have executed a definitive agreement whereby Horizon will acquire Kosciusko and its wholly-owned subsidiary, Farmers State Bank, an Indiana state chartered bank, through a stock and cash merger. Under the terms of the merger agreement,...

J.C. Penney Co. Inc. (JCP) said Friday it is pursuing the potential sale and partial leaseback of its headquarters building in Plano, Texas as part of efforts to reduce outstanding debt and effectively manage expenses. The department store chain noted that a combination of favorable market conditions...

Dish Network Corp. (DISH) said that it plans to open a software development office in downtown Denver and expects to add up to 100 new technology jobs at the location. The initiative is part of DISH's expansion of its in-house software development capacity to support its products and services including...

Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) said that it delays reporting of results for fiscal year 2015 due to remaining open questions and the resulting valuation calculations relating to the diesel emissions issue. At same time, the reporting of the annual and consolidated annual financial statements...

Vertex Pharmaceuticals Inc. (VRTX) said it has received a Complete Response Letter from the U.S. Food and Drug Administration for its supplemental New Drug Application or sNDA for the use of Kalydeco (ivacaftor) in people with cystic fibrosis (CF), ages 2 and older who have one of 23 residual function...

PriceSmart, Inc. (PSMT) reported that for the month of January 2016, net sales increased 3.3% to $226.4 million from $219.2 million, a year ago. For the four weeks ended January 31, 2016, comparable warehouse sales decreased 0.3%. For the five months ended January 31, 2016, net sales increased 6.3%...

Intesa Sanpaolo (IITSF.PK, ISNPY.PK) reported fourth-quarter consolidated net income of 13 million euros, down from 48 million euros in the prior-year period. Ezxcluding charges for the resolution fund, net income was 263 million euros in the quarter. Operating income was 3.69 billion euros, down...

While reporting its fourth-quarter financial results today, Moody's Corp. (MCO) provided earnings outlook for fiscal 2016 below analysts' estimates. For fiscal 2016, Moody's expects revenue and operating expense to each grow in the mid-single-digit percent range, and earnings per share of $4.75 to...

Estée Lauder Companies Inc. (EL) said that it expects third-quarter net earnings per share, before charges associated with restructuring activities, to be between $0.53 and $0.58. Net earnings per common share, including charges associated with restructuring activities, are projected to be between $0.50...

AMETEK, Inc. (AME) announced the company anticipates 2016 revenue to be up low single digits on a percentage basis from 2015. Earnings for 2016 are expected to be in the range of $2.55 to $2.65 per share, flat to up 4% over 2015 adjusted results. AMETEK expects its first quarter sales to be down...

While reporting its second-quarter financial results today, China Green Agriculture Inc. (CGA) provided financial outlook for the third quarter and affirmed its outlook for fiscal 2016. For the third quarter, China Green Agriculture forecast revenue of $75 million to $80 million and net income of...

Southwest Airlines Co. (LUV) reported January preliminary traffic of 8.9 billion revenue passenger miles (RPMs), an increase of 11.1 percent from the 8.0 billion RPMs flown in January 2015. Available seat miles (ASMs) increased 7.8 percent to 11.5 billion from 10.7 billion ASMs, prior year. Load...

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