NEWS.NET

Loading
Ahead of the Bell: Cheesecake Factory
Ahead of the Bell: Cheesecake Factory
Cheesecake Factory shares may be under pressure Thursday following the restaurant chain's weaker-than-expected fiscal fourth-quarter performance. The company said late Wednesday that it earned $22.1 million, or 40 cents per share, for the period ended Jan. 1. That's down from $29.9 million, or 54 c

read more
Israel gives OK for oil drilling in Golan Heights
Israel gives OK for oil drilling in Golan Heights
Israel says it has given the go-ahead for a gas exploration project in the Golan Heights, a strategic plateau it captured from Syria in the 1967 war. Israel's Energy and Water Resources Ministry said Wednesday it has issued a permit for the American-Israeli company Genie Energy to drill for oil on

read more
Ethiopian rebels warn Canadian firm exploring oil
Ethiopian rebels warn Canadian firm exploring oil
Ethiopian rebels on Monday warned a Canadian oil company against oil exploration in the country's east and said the area is unsafe because of fighting. Africa Oil Corporation should halt all operations until the rebels make peace with the government, the Ogaden National Liberation Front, or ONLF sa

read more
Tesla 4Q net loss widens on costs for new car
Tesla 4Q net loss widens on costs for new car
Electric car maker Tesla Motors Inc. said Wednesday that its fourth-quarter net loss grew by 10 percent due to higher costs during the production start for the new Model S. The Palo Alto, Calif., company said in a letter to shareholders that it expects to be "slightly profitable" in the first quart

read more
News Summary: Herbalife to tweak its reporting
News Summary: Herbalife to tweak its reporting
HERBALIFE SHINES MORE LIGHT: Dietary supplements company Herbalife said Wednesday it will provide more details about its customer base, amid a debate about the company's practices by hedge fund managers. HEDGE FUND FEUD: Hedge fund manager Bill Ackman calls the company a fraud and is betting its st

read more
Obama administration tackles colonoscopy confusion
Obama administration tackles colonoscopy confusion
It's one part of the new health care law that seemed clear: free coverage for preventive care under most insurance plans. Only it didn't turn out that way. So on Wednesday, the Obama administration had to straighten out the confusion. Have you gone for a colonoscopy thinking it was free, only to ge

read more
Puma Biotech fluctuates on cancer drug update
Puma Biotech fluctuates on cancer drug update
Shares of Puma Biotechnology Inc. were volatile on Wednesday after the company said it reached an agreement with regulators on the design of a late-stage trial of its drug neratinib as a treatment for breast cancer. Puma's agreement with the Food and Drug Administration covers the design, goals, an

read more
Nigeria extremists claim abduction of 7 foreigners
Nigeria extremists claim abduction of 7 foreigners
A little-known Islamic extremist group claimed responsibility Monday for the kidnapping of seven foreign workers from northern Nigeria, threatening their safety if anyone tried to intervene and free them. The group that calls itself Ansaru issued a short statement, obtained by The Associated Press,

read more
Movers roundup: Millennial Media, NetSpend
Movers roundup: Millennial Media, NetSpend
Among the stock activity stories for Wednesday, Feb. 20, from The Associated Press: — Millennial Media Inc.'s shares sank after the mobile advertising company announced an acquisition, reported disappointing quarterly revenue and issued a weak revenue forecast. — Shares of NetSpend rose to a 2-y

read more
FTC bars couple from health care business
FTC bars couple from health care business
The Federal Trade Commission said Wednesday that it has banned a married couple, Judy and Roy Hamilton, from the health care business after the Florida couple allegedly cheated consumers out of millions of dollars in an insurance scam. The FTC said the Hamiltons ran a telemarketing operation that c

read more
Radian shares rise after Susquehanna upgrade
Radian shares rise after Susquehanna upgrade
Shares of Radian Group Inc. rose Wednesday after a Susquehanna analyst upgraded the mortgage insurer's stock, saying its is poised to double as the housing market continues to improve. THE SPARK: Jack Micenko raised his rating for Radian to "Positive" from "Neutral" with a $14 price target. THE BIG

read more
News Summary: Cyberspying offers rich payoff
News Summary: Cyberspying offers rich payoff
RICH PAYOFF: For state-backed cyberspies such as the Chinese military unit implicated by a U.S. security firm in a computer crime wave, hacking foreign companies can produce high-value secrets. Information stolen by hackers could be worth millions of dollars to China's industry, helping speed the ri

read more
Sector Snap: Homebuilders down on weak reports
Sector Snap: Homebuilders down on weak reports
Homebuilder company stocks fell Wednesday following a government report that pace of home construction slowed in January and a disappointing quarterly earnings report from an industry leader. The share price of many homebuilders has been on the rise for the past few months as evidence mounted that t

read more
Gov. calls for safety stand-down at W.Va. mines
Gov. calls for safety stand-down at W.Va. mines
West Virginia Gov. Earl Ray Tomblin is asking coal companies to halt production for an hour to review safety procedures following the state's fourth mining fatality in two weeks and the sixth since November. Tomblin signed an executive order urging mine operators to hold safety talks with employees

read more
Merck, Samsung JV team up on biosimilar medicines
Merck, Samsung JV team up on biosimilar medicines
Drugmaker Merck & Co. said Wednesday it will partner with a Korean joint venture company to develop and market multiple biosimilar drugs, which are like generic versions of expensive biologic drugs. It's the latest move in the company's efforts to develop original and biosimilar biologic drugs. Mer

read more
Herbalife to clarify reporting of business metrics
Herbalife to clarify reporting of business metrics
Dietary supplements company Herbalife says it will clarify how it reports key elements of its business practices, which have been at the center of debate between sparring hedge fund managers. But the change doesn't appear to have budged Herbalife's critic, the hedge fund manager Bill Ackman, and it

read more
Fertilizer maker CF's stock down after sales drop
Fertilizer maker CF's stock down after sales drop
CF Industries' stock dropped Wednesday after the fertilizer company reported a decline in fourth-quarter revenue that was deeper than analysts had predicted. THE SPARK: CF Industries reported late Tuesday that its profit in the October-December quarter grew 7 percent to nearly $471 million, or $7.4

read more
News Summary: Office Depot, OfficeMax to combine
News Summary: Office Depot, OfficeMax to combine
OFFICE ENGAGEMENT: Office Depot and OfficeMax, the No. 2 and No. 3 office supply chains, said Wednesday they have agreed to combine in an all-stock deal worth about $1.2 billion. TAKING ON THE GIANT: If the deal is approved by shareholders and regulators, the companies it will create a stronger comp

read more
Threshold Pharma shares rise on analyst upgrade
Threshold Pharma shares rise on analyst upgrade
Shares of Threshold Pharmaceuticals Inc. rose Wednesday after a Piper Jaffray analyst upgraded the stock as the company prepares to report more clinical trial data for its experimental cancer drug TH-302. THE SPARK: Analyst Charles Duncan raised his rating to "Overweight" from "Neutral" and doubled

read more
Chelsea Therapeutics jumps on Northera update
Chelsea Therapeutics jumps on Northera update
Shares of Chelsea Therapeutics International Ltd. More thandoubled in value Wednesday after the company said the Food and Drug Administration took a more favorable view of a recent study of its drug Northera. THE SPARK: Chelsea said that after an appeal, the FDA has decided the company can use the

read more
Previous Articles

Copyright (c) 2013 Publishing Services International Limited. All Rights Reserved. Designated trademarks, brands and domain names are the property of their respective owners. Use of this Web site constitutes acceptance of the Publishing Services International Limited Terms & Conditions and Privacy Policy. Contact Us

News Headlines.com

  • List View
  • Grid View
Close
Contact Us
Send Feedback X
Go to Contact Us page