Insys Therapeutics Inc. (INSY) plunged more than 20 percent to $35.87 in extended trading on Thursday after the company announced that its sales and marketing practices relating to Subsys will be probed by the Office of Inspector General of the Department of Health and Human Services.
A bipartisan budget bill to keep the U.S. government operating for the next two fiscal years was approved Thursday evening by the House of Representatives.
The vote was 332 to 94 for the package, which was announced Tuesday by Rep. Paul Ryan (R-Wisconsin) and Senator Patty Murray (D-Washington).
Publishing and design software maker Adobe Systems Inc. said Thursday after the markets closed that its fourth quarter profit dropped 71% from last year, as revenue declined but costs and expenses rose. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue beat analysts' forecast.
Stocks moved mostly lower during trading on Thursday, adding to the steep losses posted in the previous session. Worries about the Federal Reserve scaling back its stimulus program in the near future continued to weigh on the markets. The major averages all ended the day in the red, although the Nasdaq posted a relatively modest loss.
Americans remain divided on the issue of gun control, according to the results of a CBS News poll released on Wednesday, although support for stricter laws has fallen since the mass shooting at a Newtown, Connecticut elementary school a year ago.
U.S. crude oil settled marginally higher Thursday, as investors weighed demand growth prospects after a hefty drop in crude oil stockpiles in the U.S., even as gasoline inventories showed a sharp increase. Investors also mulled over some mixed macroeconomic data from the U.S. with retail sales climbing...
Despite efforts by Republicans to delay the vote, the Senate confirmed President Barack Obama's nomination of Nina Pillard to serve on the D.C. Circuit Court of Appeals early Thursday morning. The Senate voted 51 to 44 in favor of Pillard's nomination, with the vote largely coming down along party lines.
Gold futures plunged to end lower for a second straight day on Thursday, over the prospect of a taper down by the U.S. Federal Reserve of its quantitative easing program after the policy review meet next week. Investors also weighed U.S. lawmakers agreement over its budget for the next two years which...
General Motors Co. (GM) said Thursday it is selling its entire 7 percent stake in French car maker Peugeot S.A. GM acquired the stake in PSA when the two companies entered into a strategic alliance in March 2012.
GM and Peugeot say they will continue with plans to partner on a new generation light...
After ending the previous session sharply lower, stocks have seen some further downside during trading on Thursday. Worries about the outlook for the Federal Reserve's stimulus program continue to weigh on the markets. Currently, the major averages are all in negative territory.
Business inventories in the U.S. rose by much more than expected in the month of October, according to a report released by the Commerce Department on Thursday. The report said business inventories rose by 0.7 percent in October following a 0.6 percent increase in September. Economists had been expecting inventories to increase by a more modest 0.3 percent.
Stocks have moved mostly lower in early trading on Thursday, extending the substantial downward move seen over the course of the previous session. The major averages have all dipped into negative territory, with the Dow and the S&P 500 hitting their lowest levels in a month.
Home builder Hovnanian Enterprises, Inc. on Thursday reported a turnaround to profit in the fourth quarter on strong revenue growth, while the prior-year quarter's results included wider losses on debt extinguishment. Both earnings per share and quarterly revenues beat analysts' expectations. Looking ahead, the company projects greater levels of profitability in fiscal 2014.
Import prices in the U.S. fell for the second consecutive month in November, according to a report released by the Labor Department on Thursday, with the decrease reflecting another sharp drop in prices for fuel imports. The Labor Department said its import price index dropped by 0.6 percent in November, matching the revised decrease reported for October.
Breast cancer incidence among post-menopausal women at high risk for developing the disease was reduced more than 50 percent by AstraZeneca Plc's (AZN) cancer drug Arimidex, leading researchers say.
The findings on anastrozole, the antihormone therapy marketed as Arimidex, will be presented Thursday...