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Penn West Petroleum Ltd. (PWE, PWT.TO) Thursday reported profit for the second quarter, compared with a loss last year, mainly due to the strengthening of the Canadian dollar versus the US dollar, which led to unrealized foreign exchange gains on the company's senior unsecured notes denominated in US...

Covidien plc (COV) announced the expansion of its Sonicision Cordless Ultrasonic Dissection Device portfolio, following U.S. Food and Drug Administration 510(k) clearance of three additional device lengths: 13 cm, 26 cm, and 48 cm. Covidien said it now offers surgeons more options when performing...

Rite Aid Corp. (RAD) reported second-quarter net income of $127.8 million or $0.13 per share compared to $32.8 million or $0.03 per share, last year. The company said the improvement in net income resulted primarily from an increase in Adjusted EBITDA, a lower LIFO charge due to pharmacy inventory reductions...

USEC Inc. (USU) said it expects to complete the final steps necessary to emerge from its Chapter 11 restructuring on September 30, 2014, under the name Centrus Energy Corp. The firm's new common shares are likely to commence trading on the New York Stock Exchange or NYSE under the ticker "LEU" on that...

CASI Pharmaceuticals, Inc. (CASI) Thursday said it has been granted exclusive rights to two of Spectrum Pharmaceuticals, Inc.'s (SPPI) commercial oncology drugs, Zevalin and Marqibo plus a Phase 3 drug candidate CE melphalan, for their development and marketing in China, including Taiwan, Hong Kong...

Penn west petroleum ltd. (PWE, PWT.TO) said the Audit Committee determined that a review of prior periods going back to and including 2007 was necessary, including establishing the relevant January 1, 2012 opening balances for the restatement. The review did not identify any other accounting practices...

Cyclacel Pharmaceuticals Inc. (CYCC, CYCCP) announced the presentation of preclinical data showing the therapeutic potential of CYC065, Cyclacel's second-generation cyclin dependent kinase or CDK inhibitor, to treat acute leukemias, and particularly those with rearrangements in the mixed lineage leukemia...

Hudson City Bancorp, Inc. (HCBK), the holding company for Hudson City Savings Bank, announced the appointment of Denis Salamone as the Chairman of the Board of the company and its unit, Hudson City Savings Bank, effective immediately. He succeeds Ronald Hermance, Jr. who passed away on September 11,...

Innovus Pharmaceuticals Inc. (INNV.OB) announced that it has entered into an exclusive marketing and distribution agreement with Tramorgan Limited, a British company, under which Innovus Pharma has granted to Tramorgan an exclusive marketing sales and distribution right to market and sell Innovus Pharma's...

India-based software exporter Infosys Technologies Ltd. (INFOSYSTCH, 500209, INFY) said that it expanded its partnership with Microsoft Corp. (MSFT) to help enterprises transform their business and tap opportunities in a cloud-first, mobile-first world. Infosys has thousands of Microsoft Certified...

Bank holding company Green Dot Corp. (GDOT) Thursday said it will buy Santa Barbara Tax Products Group for nearly $320 million in cash and stock. As a result, the company slashed its annual earnings guidance due to rise in operating costs and issued shares related to the acquisition. Commenting...

Business information provider IHS, Inc. (IHS) reported third-quarter net income of $46.5 million or $0.68 per share, compared to $23.4 million or $0.35 per share, in the prior-year quarter. On an adjusted basis, earnings for the latest third quarter rose to $1.49 per share from $1.27 per share in...

Synergy Pharmaceuticals Inc. (SGYP) announced that it has reached the halfway mark for total enrollment in the second pivotal phase 3 trial of plecanatide in patients with chronic idiopathic constipation or CIC. The trial is currently being conducted at 180 sites and has randomized over 675 CIC patients....

Vivus Inc. (VVUS) and Auxilium Pharmaceuticals, Inc. (AUXL) announced that the U.S. Food and Drug Administration or FDA has approved a supplemental new drug application or sNDA for Stendra (avanafil). The companies said that STENDRA is now the only FDA-approved erectile dysfunction or ED medication...

Marchex, Inc. (MCHX), a mobile advertising technology company, reported updating its outlook for the remainder of 2014. As a result of revised commitments from Allstate in the fourth quarter, Marchex is lowering its 2014 call-driven revenue target. Given the growth and progress with its other customers,...