Alexza Pharmaceuticals Inc. (ALXA) is all set to initiate a phase 2a study of AZ-002 for the management of patients with acute repetitive seizures in the second half of 2014.
Online travel company Expedia Inc. (EXPE), Thursday said its second-quarter profit increased from last year, as more customers sought its sites to book hotel rooms and airline tickets, with both earnings and revenues coming in ahead of Wall Street analysts.
Bellevue, Washington-based Expedia's second-quarter...
Tesla Motors said its loss for the second quarter widened, hurt by stock-based compensation expense and interest costs that offset growth in sales of its electric cars. Excluding items, Tesla posted a profit that crushed Wall Street estimates with sales also surpassing expectations.
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
After ending the previous session mixed, stocks showed a substantial move to the downside over the course of the trading day on Thursday. The steep losses on the day pulled the Dow down to a two-month closing low, while the S&P 500 ended the session at its worst closing level in well over a month.
In an embarrassment for the new Republican leadership, the House will not vote on a bill to address the crisis along the U.S.-Mexico border before lawmakers leave town for the August recess.
U.S. crude oil plunged to end lower for a fourth straight session Thursday, on demand growth concerns after some dismal economic data from the U.S. with initial claims for unemployment benefits rising and slower growth in manufacturing activity in the Chicago area.
Investors also continued to mull...
Gold futures ended sharply lower on Thursday, on some disappointing data from the U.S. with initial claims for unemployment benefits rising more than expected last week. With the U.S. gross domestic product growing more than expected in the second quarter, gold found little support as a safe haven, even...
Exxon Mobil reported a 28 percent jump in second-quarter profit, aided by asset sales as well as upstream and downstream margins, even as production slipped.
Following its $3 billion acquisition of Beats Electronics, Apple is cutting 200 of its staff. According to Bloomberg, the cuts will come in the human resources, finance and other areas in which Apple's current staff overlaps.
After moving sharply lower at the open, stocks have seen some further downside over the course of the trading day on Thursday. With the steep losses on the day, the Dow has fallen to its lowest intraday level in two months.
Oil and natural gas producer Apache Corp. on Thursday reported a profit for the second quarter that halved from last year on lower revenues. Apache said it plans to completely exit the Wheatstone LNG project in Australia and Kitimat LNG project in Canada. The company is also evaluating its international assets and exploring multiple opportunities for the assets.
Energy giant ConocoPhillips reported Thursday a profit for the second quarter that increased from last year, as higher realized prices and volumes improved revenues. Adjusted earnings per share topped analysts' expectations by a penny, but quarterly revenues missed their estimates. Meanwhile, total production grew from last year.
In the latest sign of the hyper-partisan environment that exists in Washington, the Republican-controlled House voted Wednesday evening to approve a resolution authorizing House Speaker John Boehner, R-Ohio, to sue President Barack Obama.
Hyatt Hotels Corp. on Thursday reported a 34 percent decline in profit for the second quarter from last year as higher revenues were more than offset by an increase in expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues missed their estimates.