The FDA's Pulmonary Allergy Drugs Advisory Committee has voted 13-2 to recommend approval of Vertex Pharmaceuticals Inc.'s cystic fibrosis drug KALYDECO for expanded use in people with cystic fibrosis ages 6 and older who have the R117H mutation in the cystic fibrosis transmembrane regulatory (CFTR) gene.
Mining giant BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L), Tuesday reported a 17 percent year-over-year increase in iron ore production for the first quarter, and a 1 percent growth from the fourth quarter. Production of metallurgical coal grew 25 percent.
Chief Executive Andrew Mackenzie said, "Robust...
Discover Financial Services reported a better-than-expected increase in third-quarter profit, helped mostly by growth in card loans amid some pickup in the economy.
Virtualization software maker VMware Inc. (VMW) said Tuesday after the markets closed that its third quarter profit fell 26% from last year, reflecting the impact of its $1.54 billion acquisition of AirWatch earlier this year.
However, the company's quarterly earnings per share, excluding items, came...
Broadcom Corp. (BRCM) Tuesday reported a plunge in profit for the third quarter, hurt largely by hefty impairment charges related to the chip maker's planned exit from cellular base-band business. Nevertheless, on an adjusted basis, Broadcom's earnings for the quarter improved and also topped Wall Street...
Yahoo reported a surge in third-quarter profit, on gains from stake-sale in the Alibaba IPO and an improvement in search business, while display advertising revenues continued to slide. Results for the quarter topped Wall Street estimates. Shares of Yahoo climbed 4 percent in the initial after-hours trade on the Nasdaq, but later shed some of the gains. The stock is now up 2.19%.
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the recovery from the sell-off seen in recent weeks. The Nasdaq and the S&P 500 closed higher for the fourth consecutive session but remain well off their mid-September highs.
Despite indications that the spread of Ebola inside the U.S. has been contained, the results of a new Gallup poll show the deadly disease had made its debut on a list of the top 10 most important problems facing the country.
U.S. crude oil ended higher on Tuesday, ahead of the weekly U.S. inventory data amid continued worries over excess supply globally, even as lingering concerns over the health of the global economy remained.
Oil found some support after data showed China's gross domestic product to have risen more...
In another hotly contested Senate race, the results of a new Suffolk University/Boston Herald poll show incumbent Sen. Jeanne Shaheen, D-N.H., clinging to a narrow lead over Republican challenger Scott Brown.
Gold futures ended higher for a second straight session on Tuesday, as investors continued to lean on the safe haven of the precious metal on lingering concerns over the health of the global economy after China reported a soft third-quarter gross domestic product growth.
Investors continued to speculate...
After moving notably higher in early trading on Tuesday, stocks have seen some further upside over the course of the trading session. The gains on the day are extending a recent upward trend by the markets, with the major averages climbing well off last week's lows.
With just two weeks left before Election Day, the Kansas Senate race between Republican Sen. Pat Roberts, R-Kan., and independent candidate Greg Orman seems likely to come down to the wire. The results of a new Monmouth University Poll showed that the race between Roberts and Orman is tied among likely Kansas voters.
Existing home sales in the U.S. increased by more than anticipated in the month of September, according to a report released by the National Association of Realtors on Tuesday, with sales bouncing back to their highest level in a year.
Canada's second-largest railroad operator Canadian Pacific Railway Ltd. on Tuesday reported a 23 percent increase in profit for the third quarter from last year, reflecting growth in freight revenue on higher grain and crude oil shipments. However, revenue for the quarter missed analysts' expectations.