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J. C. Penney Company Inc. (JCP) said that Chairman and Chief Executive officer Marvin Ellison has notified the Company of his decision to resign from his role to pursue another opportunity with Lowe's Companies, Inc. J. C. Penney has elected current Lead Independent Director Ronald Tysoe as Chairman. While...

The TJX Companies, Inc. (TJX) announced the company increased the high-end of fiscal 2019 adjusted EPS guidance by $0.02 to reflect its strong first quarter results. The company now expects adjusted diluted earnings per share, which excludes the benefit from the 2017 Tax Cuts and Jobs Act, to be in the...

Lowe's Companies Inc. (LOW) said Tuesday that it has appointed Marvin Ellison as president and Chief Executive Officer, effective July 2, 2018. He will also join Lowe's board of directors at that time. Ellison succeeds Robert Niblock, who previously announced his intention to retire. The Lowe's board...

Eli Lilly and Company (LLY) announced the U.S. FDA has approved a label update for Taltz (ixekizumab) injection 80 mg/mL to include data in psoriasis involving the genital area. The company noted that Taltz is the first and only treatment approved by the FDA for moderate-to-severe plaque psoriasis that...

While reporting its third-quarter financial results today, Cracker Barrel Old Country Store, Inc. (CBRL) said its board of directors increased the quarterly dividend to $1.25 per share on the company's common stock, which represents a 4.2 percent increase over the previous quarterly dividend of $1.20. In...

Lexicon Pharmaceuticals, Inc. (LXRX) announced the the U.S. FDA has accepted Sanofi's regulatory filing for Zynquista (sotagliflozin). The investigational oral treatment would be used in addition to insulin therapy to improve blood sugar control in adults with type 1 diabetes. The target FDA action date...

Pfizer Inc. (PFE) said that it has started a Phase 1/2 trial of its respiratory syncytial virus or RSV vaccine candidate in healthy adult volunteers. RSV is a common respiratory virus that affects the lungs and airways, with significant impact on young children and older adults. The highest risk of severe...

Kohl's Corp. (KSS) announced the company now expects its adjusted fiscal 2018 diluted earnings per share to be $5.05 to $5.50, compared to its prior guidance of $4.95 to $5.45. Including the loss on extinguishment of debt, fiscal 2018 diluted earnings per share is expected to be $4.86 to $5.31. For...

Intercontinental Exchange, Inc. (ICE) announced that Stacey Cunningham will become President of NYSE Group, succeeding Thomas Farley. Cunningham is currently the Chief Operating Officer of NYSE Group. John Tuttle, currently the NYSE's Global Head of Listings will become Chief Operating Officer of NYSE...

Abbott (ABT) announced five-year results from the FAME 2 study, which showed that patients had fewer major adverse cardiac events when they received a heart stent guided by Abbott's fractional flow reserve, or FFR, diagnostic tool in combination with medical therapy compared to patients who received...

Dycom Industries, Inc. (DY) announced, for fiscal 2019, the company now anticipates non-GAAP earnings per share in a range of $4.26 - $5.15, revised from prior guidance range of $5.22 - $6.14. Contract revenues are expected in the range of $3.23 - $3.43 billion, down from prior guidance range of $3.30...

Toll Brothers, Inc. (TOL) reported second-quarter net income of $111.8 million, or $0.72 per share, compared to $124.6 million, or $0.73 per share, prior year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates...

Japanese consumer electronics maker Sony Corp. (SON.L, SNE), in its Corporate Strategy Meeting on Tuesday, unveiled the corporate direction and mid-term strategy over the next three years, starting with the fiscal year 2018, ending March 31, 2019, to the fiscal year 2020, ending March 31, 2021. According...

Shares of French lender Credit Agricole Group (CRARF, CDA.L, ACA) were gaining around 3 percent in the morning trading in Paris after it announced the favorable court ruling in case against the tax authorities. In a statement, the company announced that the Administrative Court of Appeal of Versailles...

Ofgem announced it has launched an investigation into National Grid Electricity Transmission's demand forecasting for the UK electricity market. The investigation will examine whether NGET breached rules relating to its duty to operate the system in an economic and efficient manner. NGET is the system...

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