VeriFone reported earnings of $31.1 million. For the current quarter ending in January, VeriFone expects its per-share earnings to be 40 cents.» Read More
WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.
TORONTO-- Canada has blocked the Malaysian state-owned oil firm Petronas' US $5.2 billion bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada. "Canada has a long-standing reputation for welcoming foreign investment.
IRVINE, Calif.-- Edwards Lifesciences Corp. lowered its annual net income guidance on Friday, as it announced third-quarter results, citing disappointing sales of its Sapien heart valve.
SACRAMENTO, Calif.-- Compensation for medical providers in California's prison system has soared since a federal judge seized control of inmate health care in 2006 and established a receivership with the power to hire and set pay levels.
LOS ANGELES-- Shares of HGTV and Food Network owner Scripps Networks Interactive Inc. rose nearly 6 percent before giving back most of the gains on Friday after the death of a grandson of founder Edward W. Scripps prompted speculation that the family might sell its controlling stake.
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,410 rigs were exploring for oil and 427 were searching for gas. A year ago, Baker Hughes listed 2,013 rigs. Of the major oil- and gas-producing states, Alaska gained five rigs while Arkansas, Colorado and North Dakota rose by two each.
AUSTIN, Texas-- The Texas Supreme Court on Friday upheld the state's much-maligned business tax that provides the second-biggest source of general revenue, preserving current rules for now before lawmakers potentially overhaul the law next year.
In a sharp turnaround, most states saw their unemployment rates drop in September.
NEW YORK-- Shares of Advanced Micro Devices dropped to their lowest point in more than three years on Friday as a pair of analysts downgraded the chipmaker after it announced it will cut nearly 1,800 jobs by the end of the year to reduce spending in the face of dwindling sales.
When the University of Phoenix, the country's largest university, announced this week it's closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.
JOLIET, Ill.-- An Amtrak passenger train has reached a speed of 110 mph for the first time in Illinois. The five-car, two-locomotive train zipped through the central Illinois countryside, hitting its high speed between the towns of Dwight and Pontiac.
SACRAMENTO, Calif.-- California's jobless rate fell to from 10.6 to 10.2 percent in September in what may be the largest drop in 36 years, the state announced Friday. The numbers from the Employment Development Department show the largest tumble in the monthly unemployment rate since 1976, said Kevin Callori, a spokesman for the department.
PHOENIX-- As the national average for a gallon of gas has decreased, Arizona prices remain about the same, up. 2 cents to $3.71 per gallon since last week. Tucson and Flagstaff have the lowest and highest state fuel averages, at $3.47 and $3.90 per gallon, respectively.
TRENTON, N.J.-- Amgen Inc., the world's biggest biotech company, will update on progress on its experimental drugs when it reports its third-quarter results after the stock market closes Tuesday. He'll also mention the latest product approval for Amgen, based in Thousand Oaks, Calif..
The hard-rocking country music star made a whirlwind run around the eastern U.S. on Thursday, announcing shows at Boston's Fenway Park, Chicago's Wrigley Field and on the University of Georgia campus in the space of 12 hours. Aldean will make the first appearance by a country music performer at Fenway Park, home of the Boston Red Sox.
NEW YORK-- Earlier this month, NBA rookie Royce White disclosed that he is afraid to fly and said he expects to travel by bus to play in at least some of the basketball games for his team, the Houston Rockets.
NEW YORK-- Shares of SanDisk Corp. advanced in premarket trading Friday after the maker of flash-memory chips posted stronger-than-expected results for the third quarter. SanDisk's earnings and revenue declined due to lower demand for its memory chips from gadget makers.
The FDA is not required to follow the committee's advice, though it often does. In its review posted ahead of the meeting, the FDA said Kynamro was linked to both benign and cancerous tumors. Jefferies analyst Eun Yang expects "very limited use of Kynamro if approved," due to the safety concerns brought up at the FDA meeting.
NEW YORK-- Marvell Technology Group Ltd.' s stock tumbled nearly 10 percent in premarket trading Friday after the computer chip maker cut its fiscal third-quarter revenue forecast, citing weakness in the personal computer market, and said its chief financial officer resigned.