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
SANTA CLARA, Calif.-- Shares of Marvell Technology Group Ltd. plunged in after-hours trading Thursday after the computer chip manufacturer lowered its fiscal third-quarter outlook and said its finance chief has resigned. Marvell said that it expects net revenue for the fiscal third quarter to range between $765 million and $785 million.
SUNNYVALE, Calif.-- Molecular diagnostics company Cepheid said Thursday it took a loss in the third quarter on costs related to a patent lawsuit. Cepheid took a charge of $15.1 million, or 23 cents per share, related to that settlement. Excluding the settlement costs and other items, Cepheid said it earned a penny per share.
NEWPORT BEACH, Calif.-- Acacia Research Corp., which buys and licenses patents, said Thursday that it posted a third-quarter loss on higher expenses and hefty charges, including non-cash stock compensation. The loss totaled $6.4 million, or 13 cents per share, in the July-through-September quarter.
FRESNO, Calif.-- The United Farm Workers of America sued California's work safety division Thursday, saying state regulators aren't enforcing heat regulations, leading to continued illnesses and deaths in the fields.
KANSAS CITY, Mo.-- TransCanada Corp. has temporarily shut down its existing 2,100- mile Keystone pipeline after tests showed possible safety issues, a federal agency said Thursday.
SANTA CLARA, Calif.-- Computer chip maker Marvell Technology Group Ltd. said Thursday that Chief Financial Officer Clyde Hosein has resigned from the company to pursue other opportunities. Hosein will assist the company with its search, Marvell said in a statement. Marvell also cut its revenue outlook for its fiscal third quarter on Thursday.
LOS ANGELES-- Capital One Financial Corp.' s net income vaulted 47 percent in the third quarter, as the lender's acquisition of online bank ING Direct and HSBC's U.S. credit card business helped boost its loan revenue.
FRESNO, Calif.-- Two law firms have filed a lawsuit on behalf of the United Farm Workers of America and individual farmworkers, alleging California regulators aren't enforcing heat regulations.
ALBANY, N.Y.-- Aspen Dental Management and the private equity firm that controls it illegally operate dental clinics across the country and engage in aggressive, misleading profit-driven practices that cause patients economic harm, claims a federal lawsuit filed Thursday in New York.
NEW YORK-- Google plummeted almost $80 per share, more than 10 percent, and trading in the stock was halted two and a half hours Thursday after a disappointing earnings report was published ahead of schedule and surprised investors. Google was trading at $754 per share at 12:30 p.m. EDT, then fell almost $20 in a minute after investors saw the report, a draft.
TRENTON, N.J.-- New Jersey's unemployment rate ticked down a notch to 9.8 percent in September, even as the state shed 1,200 jobs for the month.
NEW YORK-- Growth in third-quarter profit and revenue drove up shares of eBay Inc. Thursday, although some analysts called the e-commerce company's outlook cautious. THE SPARK: EBay Inc. reported a 22 percent increase in its net income due to growth at its PayPal payments service and the marketplaces business that includes eBay.com.
Google plunged 9 percent after it accidentally released a weak earnings report hours ahead of schedule. "This is a market that's waiting for a clear catalyst," said Quincy Krosby, market strategist at Prudential Financial. Google's stock dropped $68.19 to $687.30 before trading was suspended.
What makes politics here different is who works in those skyscrapers _ not lawyers or accountants, but heavily unionized housekeepers, blackjack dealers and line cooks who have abruptly transformed Nevada into a swing-voting state. Her youngest daughter will soon graduate from the University of Nevada, Las Vegas. "
ALBANY, N.Y.-- The digital divide is wider than ever between diners who talk, tweet and snap pictures mid-meal and those who wish they'd just shut up, shut down and be present. "There's no place to get away from the chatter," said Julie Liberty of Miami, who started the Facebook page "Ban Cell Phones From Restaurants" earlier this year. "
Shares of Vivus Inc. tumbled Thursday after an analyst said Wall Street may be over-estimating gains from initial sales of the drug developer's obesity treatment Qsymia. THE BIG PICTURE: Qsymia, Vivus' only approved drug, launched in the U.S. in September.
PALO ALTO, Calif.-- Shares of Anacor Pharmaceuticals Inc. tumbled Thursday after the drug developer announced pricing for a public offering of stock at a discounted rate to the current trading price. The Palo Alto, Calif., drug developer said that it priced an offering of 4 million shares at $6 per share.
NEW YORK-- Shares of Mellanox Technologies Ltd. tumbled Thursday, after the semiconductor maker issued a disappointing revenue outlook for the current quarter and full year.
VALENCIA, Calif.-- Shares of MannKind Corp. lost nearly a quarter of their value Thursday after the company announced plans to sell up to 140 million shares of stock. MannKind will use the funds to pay for new trials of its inhaled diabetes drug Afrezza and cancel more than $200 million in debt owed to its CEO.
BOSTON-- Massachusetts Auditor Suzanne Bump is urging the state to tighten up oversight of its MassHealth program.