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Morgan Stanley (MS) disclosed in a regulatory filing that on January 13, 2015, the New York Attorney General's Office or "NYAG" indicated that it intends to file a lawsuit related to approximately 30 subprime securitizations sponsored by the Company. NYAG indicated that the lawsuit would allege that...

Gastrointestinal drug maker Salix Pharmaceuticals, Ltd. (SLXP), which is being acquired by Valeant Pharma, reported Monday a hefty loss for the fourth quarter compared to a profit last year, hurt by significant asset and intangible impairment charges. The also company declined to issue an outlook due...

Ocwen Financial Corp. (OCN) said that it signed a letter of intent with a buyer on the sale of mortgage servicing rights or MSRs on a portfolio consisting of approximately 277,000 performing Agency loans owned by Fannie Mae with a total unpaid principal balance of approximately $45 billion. Subject...

Biopharmaceutical company Arena Pharmaceuticals, Inc. (ARNA) reported Monday a loss for the fourth quarter that widened from last year, despite a revenue surge, reflecting higher research and development expenses. Loss per share for the quarter came in wider than analysts' expectations, and quarterly...

Subprime lender Springleaf Holdings Inc. (LEAF) is nearing a deal to buy Citigroup Inc.'s (C) OneMain Financial for about $4.25 billion, the wall street Journal reported citing people familiar with the matter. The combined Springleaf-OneMain lender would have about 2.5 million customers and 2,000...

Generic drugmaker Mylan, Inc. (MYL) reported Monday a profit for the fourth quarter that grew percent from last year, reflecting improved margins and double-digit revenue growth. Adjusted earnings per share matched analysts' expectations, while quarterly net sales topped their estimates. The company...

Shares of McDermott International, Inc. (MDR) soared more than 22 percent in extended trade on Monday after the engineering and construction company reported a loss for the fourth quarter that came in significantly narrower than analysts' expectations. Quarterly revenues increased and topped Street estimates....

FLIR Systems Inc (FLIR), a maker of thermal imaging and other sensing products, on Monday announced the resignation of Tony Trunzo as its senior vice president and chief financial office, effective March 27. Trunzo is stepping down to pursue other opportunitie, the company said. The company said Dave...

Palo Alto Networks Inc (PANW), a provider of enterprise security platform, on Monday reported second-quarter net loss of $43 million compared with a loss of $39.9 million last year. On a per share basis, loss narrowed to $0.53 from $0.55, on a higher share count. Excluding stock-based compensation...

FMC Corp. (FMC) said Monday that the sale of its Alkali Chemicals business to Tronox Ltd. (TROX) has been approved under the Hart-Scott-Rodino Antitrust Improvement Act. FMC and Tronox expect to close the deal, announced early last month and valued at $1.64 billion, on April 1. FMC's Alkali Chemicals...

Guidewire Software Inc (GWRE) on Monday reported second-quarter net earnings of $4 million or $0.06 per share compared with $3.3 million or $0.05 per share last year. Excluding stock-based compensation expenses and other one-time items, adjusted earnings for the quarter were $0.17 per share compared...

Nabors Industries Ltd (NBR), a provider of drilling rig services, on Monday reported fourth-quarter net loss of $891 million or $3.08 per share compared with a profit of $150.6 million or $1.50 per share last year. Results for the latest quarter included impairment charges of about $1 billion. Excluding...

Office furniture maker Herman Miller Inc (MLHR) said Monday that it now expects to report third quarter 2015 net sales of $513 million to $518 million, compared to its prior guidance of $510 million to $530 million. The company also said it expects to report new orders in the range of $497 million...

McDermott International Inc (MDR), a provider of engineering, construction and installation services to the energy industry, on Monday reported fourth-quarter net earnings of $8.2 million or $0.03 per share. This compares with a loss of $326.2 million or $1.38 per share last year. The company's revenues...

Generic drug maker Mylan Inc. (MYL) reported net earnings for the fourth quarter of $189.2 million or $0.47 per share, compared to $180.2 million or $0.45 per share for the year-ago quarter. Excluding items, adjusted net earnings for the fourth quarter was $419.8 million or $1.05 per share, compared...

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