Michael W. Gurka, Founder and president at BruinHill Partners, explains that he is rather bullish on U.S. equities and discusses the dollar.» Read More
PROVIDENCE, R.I.— Runway repairs and safety improvements at Quonset State Airport in North Kingstown are scheduled to be completed by the end of November. The Providence Journal reports that the $3.8 million project includes repairing the runway, restoring pavement, replacing a culvert and improving safety areas.
BLOOMFIELD HILLS, Mich.— TriMas is cutting its full-year adjusted earnings forecast partly due to ongoing softness in its energy and aerospace businesses.
NEW YORK— One day after a huge climate march in New York City, a related sit-in and protest is planned on Wall Street. The protesters plan a rally in Battery Park before marching to Wall Street. Organizers said more than 100,000 participated, including actors Mark Ruffalo and Evangeline Lilly.
Sept 22- Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's offer "significantly undervalues" the company. Auxilium said in June that it would buy QLT for $346 million, in a deal aimed at cutting its tax bill by moving its headquarters to lower-tax British Columbia, Canada.
NEW YORK— RadioShack is in talks with a major vendor about modifying a commercial agreement as the electronics retailer teeters close to bankruptcy protection. Earlier this month, RadioShack Corp. warned that it may need to file for Chapter 11 bankruptcy protection. Shares of RadioShack rose 3 cents to reach 94 cents in premarket trading.
Sept 22- FMSA Holdings Inc, owned by private equity firm American Securities LLC, said it expected its initial public offering to be priced at $21- $24 per share, raising up to $1.07 billion. American Securities, through its affiliate ASP FML Holdings LLC, is selling all the 44.5 million shares in the offering.
DETROIT, Sept 22- Chrysler Group is recalling an estimated 230,760 sport utility vehicles globally to install a new part to prevent a fuel pump issue that could cause the vehicles to stall or not start.
MOSCOW, Sept 22- Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.
CHESTERBROOK, Pa.— Auxilium Pharmaceuticals Inc.' s board has rejected an approximately $1.4 billion unsolicited takeover offer from Ireland's Endo International PLC. Auxilium, based in Chesterbrook, Pennsylvania, had adopted a one-year "poison pill" shareholder rights plan last week.
HOUSTON, Sept 22- The fast-changing nature of crude oil flows in the Americas means only one of three Citgo refineries in the United States will generate keen interest among buyers as Venezuela's cash-strapped state-run PDVSA looks to sell its U.S. unit, and it may fetch less money than hoped, experts say.
FRANKFURT, Germany— German drug company Merck says it has agreed to buy St. Louis- based chemical firm Sigma-Aldrich Corp. for $17 billion in a deal Merck says will strengthen its business in chemicals and laboratory equipment.
WASHINGTON— The National Association of Realtors reports on sales of existing homes in August. The report is scheduled to be released Monday at 10 a.m. Eastern. The ownership rate fell to 64.7 percent through the middle of this year, down from a peak of 69.2 percent toward the end of 2004, according to the Census Bureau.
SEOUL, South Korea— South Korean Internet company Naver Corp. said Monday its popular Line instant messaging app won't go public on a stock exchange this year. Naver, which is Line's parent company, said in a regulatory filing that Line Corp. had ruled out going public in 2014..
NEW YORK, Sept 22- Hundreds of protesters plan to risk arrest on Monday during an unsanctioned blockade in New York City's financial district to call attention to what organizers say is Wall Street's contribution to climate change.
JAKARTA, Indonesia— Down a concrete path, between rail tracks that buzz with each approaching train and a river choked by plastic and raw sewage, Asih Binti Arif cradles her baby and reflects on dreams gone dark. From India to Indonesia, Myanmar and the Philippines, overcrowded cities have become studies in extremes of deprivation and wealth.
SEOUL, South Korea— Samsung Electronics Co., which faces a slowdown in emerging market smartphone sales, will release its long-delayed Tizen-powered handset in India before the end of this year, a report said Monday.
WASHINGTON, Sept 22- President Barack Obama, stumping for the Democrats ahead of November's congressional elections, has twice invoked Ronald Reagan's seminal campaign question: "are you better off than you were four years ago?"
*Agile Property plunges after rights issue plan. HONG KONG, Sept 22- Hong Kong shares slumped to two-month lows on Monday, as investors fretted that a preliminary factory survey on Tuesday could provide more evidence of a slowdown in China. The China Enterprises Index of the top Chinese listings in Hong Kong slid 1.8 percent to its lowest since July 22.
Shanghai Husi Food Co. has been under investigation since a Shanghai TV station reported in July it repackaged and sold old meat. Its owner, OSI Group of Aurora, Illinois, said it will lay off 340 people at the Shanghai unit. "Over the past two months, Shanghai Husi has experienced significant financial and customer losses," said an OSI Group statement.
Are corporations paying their fair share of taxes? That depends on where you live—and whom you talk to.