Coty, which makes perfumes for brands such as Calvin Klein and Marc Jacobs, said Elio Sceti, would join the company as CEO in July.» Read More
April 24- Comcast Corp and Time Warner Cable Inc said on Friday they had abandoned their proposed $45 billion merger. "Today, we move on," Comcast Chief Executive Brian Roberts said in a statement. Comcast shares were up 1.2 percent at $59.94 in premarket trading, while Time Warner Cable shares were down 0.5 percent at $148.
LONDON— Anglo-Swedish drug-maker AstraZeneca PLC reported a 7 percent fall in net profit for the first quarter of 2015, as cheaper copies of one of its best-sellers ate into sales. Chief Executive Pascal Soriot said AstraZeneca was bolstering its oncology division, with 72 trials of cancer drugs underway. AstraZeneca shares fell 2.4 percent to 47.13 pounds...
April 23- Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. The rising dollar took a toll on results at Google, which generates about half of its revenue overseas. "Excluding the net impact of foreign currency headwinds,...
NEW YORK— Shares of Aerie Pharmaceuticals lost two-thirds of their value in after-market trading after the company said its experimental eye pressure drug Rhopressa failed in a late-stage clinical trial. Aerie Pharmaceuticals has two drugs in clinical testing. Aerie Pharmaceuticals stock tumbled $23.92, or 67.6 percent, to $11.47 in late trading.
April 23- Starbucks Corp said on Thursday sales at its coffee shops in the Americas region grew more than expected, boosted by sales of breakfast sandwiches, lunch and new drinks, such as Flat White. Sales at Starbucks shops open at least 13 months were up 7 percent in the Americas region for the fiscal second quarter ended March 29. Starbucks' Americas region, which...
NEW YORK— Shares of some top telecom companies were up at the close of trading:. AT&T Inc. rose $1.37 or 4.2 percent, to $34.23. Verizon Communications Inc. rose$. 48 or 1.0 percent, to $50.05.
NEW YORK— Shares of some top construction companies were up at the close of trading:. Fluor rose$. 38 or. 6 percent, to $60.56. Quanta Services Inc. rose$. 20 or. 7 percent, to $29.21.
NEW YORK— Shares of some top drug benefits companies were mixed at the close of trading:. CVS Health Corp. fell$. 35 or. 3 percent, to $100.88. Express Scripts Holding Co. rose$. 77 or. 9 percent, to $86.89.
NEW YORK— Shares of some top chemicals companies were mixed at the close of trading:. Dow Chemical Co. rose$. 98 or 2.0 percent, to $51.00. DuPont Co. fell$. 65 or. 9 percent, to $70.79.
April 23- Aerie Pharmaceuticals Inc lost nearly three-quarters of its value after the company said its lead experimental eye drug failed a late-stage study. The company's stock fell to $9 in post-market trading after closing at $35.39 during regular hours. Up to Thursday's close, the stock had more than tripled since its listing in October 2013.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Domino's Pizza Inc., up $9.43 to $109.23. PulteGroup Inc, down $1.72 to $19.97.
April 23- Google Inc reported higher quarterly revenue and profit as rising ad volume offset the impact of the strong dollar, sending its stock higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. "Excluding the net...
April 23- Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. "The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter."
April 23- Google Inc reported a 12 percent rise in quarterly revenue, helped by a 13 percent jump in the number of ads, or paid clicks, but missed lofty Wall Street expectations. Google's ad revenue has been pressured as more consumers access its online services on mobiles devices such as smartphones and tablets, where ad rates are typically lower.
*Nasdaq breaches closing record last hit in March 2000. Shares of Gilead were up 1 percent at $105.23, while Facebook, which late Wednesday posted quarterly revenue that missed analysts estimates, was down 0.8 percent at $83.99. Shares of Apple, the most valuable company in the United States, were up 0.9 percent at $129.72, while Google was up 1.5 percent at $547.17.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 23 or 1.8 percent, to $12.60. Newmont Mining Corp. rose$. 56 or 2.5 percent, to $23.33.
NEW YORK— Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. rose$. 71 or 1.4 percent, to $50.73. DuPont Co. fell$. 16 or. 2 percent, to $71.28.
NEW YORK— Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose$. 92 or. 6 percent, to $147.90. Wal-Mart Stores Inc. rose$. 84 or 1.1 percent, to $79.27.
NEW YORK— Shares of some top drug benefits companies are mixed at 1 p.m.:. CVS Health Corp. fell$. 17 or. 2 percent, to $101.06. Express Scripts Holding Co. rose$. 55 or. 6 percent, to $86.67.
NEW YORK— Shares of some top construction companies are up at 1 p.m.:. Fluor rose$. 42 or. 7 percent, to $60.60. Quanta Services Inc. rose$. 18 or. 6 percent, to $29.19.