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TRACON Pharmaceuticals (TCON) is all set to receive a $3 million milestone payment from its partner Santen Pharmaceutical Co., following the filing of an Investigational New Drug Application with the FDA for the initiation of clinical studies for DE-122 in patients with wet AMD.

paypal-070215.jpg PayPal has agreed to buy Xoom, a digital money transfer provider, for $890 million in cash. Following the announcement, Xoom shares jumped 22 percent in after-hours trade on the Nasdaq.

familydollar-070215.jpg Discount retailer Family Dollar Stores Inc., which is being acquired by rival Dollar Tree Inc., said Wednesday after the markets closed that its third quarter profit fell slightly from last year, due mainly to a higher effective tax rate. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations.

wallstreet-111614_01Jul15.jpg Following the rebound seen in the previous session, stocks continued to recover from Monday's sell-off during trading on Wednesday. The markets benefited from a positive reaction to the latest news about Greece as well as some upbeat U.S. economic data.

MarcoRubio-070115.jpg Angered by President Barack Obama's continued efforts to normalize relations with Cuba, Republican Sens. Marco Rubio, R-Fla., and Ted Cruz, R-Tex., both pledged to block anyone the president nominates to serve as ambassador to the communist island nation.

Crudeoil-012215_01Jul15.jpg U.S. crude oil plummeted to end at a more than two-month low on Wednesday, after a weekly official oil report from the Energy Information Administration showed U.S. inventories to have increased more than expected last week, even as reports indicate the Organization of the Petroleum Exporting Countries...

obama1-070115.jpg Continuing efforts to normalize relations, President Barack Obama announced Wednesday the U.S. and Cuba will re-open embassies in each country's respective capitals later this month. Obama described the move as a demonstration that the U.S. and Cuba don't have to be imprisoned by the past.

Gold-011315_01Jul15.jpg Gold futures slipped for a second straight session to end at a near four-week low Wednesday, on some upbeat private sector employment data for June even as the dollar strengthened against a basket of select currencies. But the loss was somewhat capped as the world watched for a last-minute deal to rescue...

autosales-070115.jpg Most of the major automakers, except General Motors Co. (GM), Wednesday reported improved sales results for June, as strong sales of trucks and SUVs continued to help offset weak car sales. Nonetheless, GM's June U.S. sales dropped 3 percent to 259,353 units from 267,461 units last year. The drop...

wallstreet-112814_01Jul15.jpg After moving sharply higher at the open, stocks continue to see notable strength in mid-day trading on Wednesday. Buying interest has waned from earlier in the session, however, leading the major averages to pull back well off their highs.

Trump-Bush-070115.jpg Former Florida Gov. Jeb Bush and businessman Donald Trump top the list of Republican presidential candidates in a new CNN/ORC International poll, although both are well behind Hillary Clinton in potential general election matchups.

GreeceFlag-070115.jpg Confusion refuses to die down in Europe even after crucial deadlines were missed and hapless Greeks stare into an uncertain future for their country, while other Europeans try to preserve the sanctity of the union and the euro.

Vandals-070115.jpg The Federal Bureau of Investigation wants to know who is cutting high-capacity fibre-optic Internet cables in the San Francisco Bay Area. Cables have been damaged by vandals in eleven different locations over the past year. The latest occurred early Tuesday morning, affecting Wave Broadband customers on cables operated by two firms, Level 3 and Zayo.

wallstreet-121514_01Jul15.jpg Stocks have moved mostly higher in early trading on Wednesday, adding to the gains posted in the previous session. The major averages have all climbed into positive territory, continuing to recover from Monday's sell-off.

HeathrowAirport-070115.jpg A government-appointed commission has unanimously recommended construction of a third runway at London's Heathrow Airport as the best way to expand the UK's airport capacity. But the recommendation has met with fierce opposition from both inside and outside the government. British Prime Minister David Cameron will have to take the final decision on the controversial and sensitive subject.

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