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Bassett Furniture Industries Inc. (BSET) reported third-quarter net income of $2.3 million or $0.21 per share, compared to $0.5 million or $0.05 per share in the comparable quarter last year. Operating income for the quarter was $3.4 million or 4.0% of sales as compared to $0.8 million or 1.0% of...

Steel products maker Nucor Corp.(NUE) said that the Federal Trade Commission has approved its $770 million acquisition of Gallatin Steel Company and the closing is expected in about ten days. In Mid-September, Nucor had agreed to purchase all the equity of Gallatin Steel Co. for a cash purchase price...

Delta Air Lines (DAL) reported its financial and operating performance for September 2014. During the month of September, consolidated passenger unit revenue or PRASM rose by 2.0 percent year-over-year as continued corporate and domestic strength offset pressure on international unit revenues. Delta's...

Drugmaker Eli Lilly and Co. (LLY) on Thursday said it will drop the development of tabalumab, as the results from its two pivotal Phase 3 trials did not meet expectations for efficacy in the context of existing treatments. The decision will result in a pre-tax charge of $75 million or $0.04 to $0.05...

Boeing Co. (BA) announced Thursday that it will increase production on the 737 program to 52 airplanes per month in 2018 in response to strong market demand from customers worldwide. Once the increase is implemented, the 737 program is expected to build more than 620 airplanes per year. However, the...

Retail drugstore chain operator Rite Aid Corp. (RAD) said its same-store sales for September 2014 increased 5.1 percent year-over-year. Monthly front-end same-store sales grew by 2.3 percent, and pharmacy same-store sales, that included an approximate 225 basis points negative impact from new generic...

Dow Chemical Co. (DOW) Thursday said it is marketing Angus Chemical, Sodium Borohydride and AgroFresh for divestment as part of its plan to divest $4.5 billion to $6 billion of non-strategic assets. Dow expects the sale of the businesses, which it expects to complete in early 2015, to generate more...

Heat Biologics Inc.(HTBX) announced that it has dosed the ninth and final patient required in the Phase 1 portion of its Phase 1/2 clinical study for Vesigenurtacel-L (HS-410) in patients with high-risk non-muscle invasive bladder cancer. The company expects to commence the Phase 2 portion of the...

Calithera Biosciences Inc. (CALA), a clinical-stage pharmaceutical company, announced Thursday that it priced its initial public offering of 8.00 million shares of common stock at $10.00 per share. The common stock of Calithera Biosciences, Inc. has been approved for listing on the NASDAQ Global Select...

Echo Therapeutics, Inc. (ECTE) on Thursday responded to the recent public statements regarding the company, made by Michael Goldberg and Shepard Goldberg of the Echo Board. The company said in the recent weeks, the Goldbergs had organized unauthorized public investor conference call, presentations,...

Cree, Inc. (CREE), a market leader in LED lighting, announced that it expects first-quarter earnings to be below the previously announced target range of $0.25 to $0.30 per share on a GAAP basis. Analysts currently expect first quarter earnings of $0.39 per share. The company now expects revenue to...

Actuant Corp. (ATU), a manufacturer of industrial products, posted lower fourth-quarter net earnings of $35.59 million or $0.51 per share, compared with $58.25 million or $0.78 per share, a year before. The company said the recent quarter's results included a gain on the RV divestiture, as well as accelerated...

Billionaire investor Warren Buffett's Berkshire Hathaway Inc. (BRK-B, BRK-A, BRKa) said Thursday that it agreed to buy the Van Tuyl Group, privately-owned auto dealership group. After becoming a part of the Berkshire Hathaway family of businesses, the company will be known as Berkshire Hathaway Automotive. Berkshire...

Alaska Air Group Inc. (ALK) Thursday for the month of September, on a combined basis reported a 9.0 percent rise in traffic, on a 9.9 percent increase in capacity, compared with September 2013. As a result load factor was down 0.7 points to 81.9 percent Combined traffic, measured in revenue passenger...

Alcoholic beverage maker Constellation Brands Inc. (STZ, CBR.AX, STZ-B) reported that its net income for the second quarter 2015 plunged to $195.8 million from $1.522 billion in the second quarter of fiscal 2014. Earnings per Class A Common Stock fell to $0.98 from $7.74 last year. The results impacted...