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Aerospace-parts supplier Wesco Aircraft Holdings Inc. (WAIR) on Thursday reported an 18 percent decline in profit for the fourth quarter from last year, as higher revenues that include the Haas acquisition were offset by an increase in expenses and lower margins. The results for the quarter missed...

President Barack Obama unveiled his plans during a primetime speech on Thursday to take executive action on immigration, touching off a firestorm of public and congressional controversy on this divisive issue. "Our immigration system is broken and everyone knows it," Obama said. The points or the...

Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) announced that its Board has authorized a new securities repurchase program. Under the Securities Repurchase Program, which will commence on November 21, 2014, the company may make purchases of up to US$2 billion of its senior notes, common shares...

Specialty grocery retailer Fresh Market Inc (TFM) reported Thursday a profit for the third quarter that grew from last year, reflecting improved operating margins and double-digit sales growth. Both adjusted earnings per share and quarter sales missed analysts' expectations. The company also trimmed...

Private equity firm Blackstone Group L.P. (BX) said Friday that it has agreed to acquire diversified conglomerate General Electric Co.'s (GE) residential real estate business in Japan for more than 190 billion yen, or $1.61 billion. Blackstone said that funds affiliated with Blackstone Real Estate...

Hertz Global Holdings, Inc. (HTZ) said that its has appointed John Tague as President and Chief Executive Officer and to the company's Board of Directors, effective November 21. Tague's appointment follows an extensive search conducted by the Hertz Board of Directors. The search process was overseen...

Ross Stores Inc. (ROST) on Thursday reported a 12 percent increase in profit for the third quarter from last year, reflecting higher revenue and margins. Both revenue and earnings per share for the quarter beat analysts' expectations. Looking ahead, the discount apparel retailer affirmed its earnings...

Chipmaker Marvell Technology Group Ltd. (MRVL) reported Thursday a profit for the third quarter that increased from last year, despite a revenue decline, reflecting improved margins. Adjusted earnings per share matched analysts' expectations, while quarterly revenues missed their estimates. The company...

Data-analysis software maker Splunk Inc. (SPLK), on Thursday reported a third-quarter loss that widened from a year ago, on higher expenses despite a 48 percent surge in revenues. Nevertheless, both adjusted earnings and revenue for the quarter trumped Wall Street analysts estimates. Splunk detailed...

Renren Inc. (RENN) reported a net loss for the third quarter of US$38.1 million or US$0.11 per ADS, compared to a net loss of US$24.6 million or US0.07 per ADS for the year-ago quarter. Excluding items, adjusted net income for the third quarter was US$29.3 million, compared to an adjusted net loss...

Aruba Networks Inc. (ARUN), Thursday reported a swing to profit in the first quarter from a loss last year, due mainly to a 29 percent jump in revenues. However, shares of the wireless-network equipment maker slipped eight percent in the extended trading hours on some weak second-quarter outlook. Sunnyvale,...

Haynes International Inc (HAYN), a maker of high-performance alloys, Thursday reported fourth-quarter net earnings of $6.4 million or $0.51 per share compared with $4 million or $0.32 per share last year. Revenues for the quarter were $120 million compared with $115.7 million in the prior year. Analysts...

Auction house Sotheby's (BID) said Thursday its Chief Executive Officer William Ruprecht will step down by mutual agreement with the board. Ruprecht, who has served as CEO since 2000, will continue as chairman, president and CEO until his successor is in place to ensure a smooth transition, the company...

Chip-design software maker Mentor Graphics Corp. (MENT), Thursday reported a decline in profit for the third quarter, as higher revenues were offset by one-time expenses, even as both earnings and revenues for the quarter came in ahead of Wall Street estimates. Wilsonville, Oregon-based Mentor Graphics'...

GameStop Corp. (GME) on Thursday reported a drop in profit for the third quarter, as the video-game retailer's revenue and same-store sales dropped due to the delayed release of "Assasins Creed Unity," with both earnings and revenues falling short of Wall Street expectations. Moving ahead, the company...