MBA interns will likely make more money this summer than those in the average American household.» Read More
NEW YORK-- A Cowen and Co. analyst said Monday that Cerus Corp., which makes devices that are used to clean donated blood, should report strong revenue growth as sales of its Intercept system increase.
NEW YORK-- Supermarket chains like Safeway and Roundy's could have even more reason to fear Wal-Mart. As of the end of July, Wal-Mart had 10 "Express" stores and had ramped up its "Neighborhood Market" concept to 217 locations, said Citi Investment Research analyst Deborah Weinswig.
Why does it take so long for gas prices to lower even after oil falls? Chris Faulkner, Breitling Oil and Gas CEO; John Kilduff, Again Capital founding partner; and CNBC's Jane Wells, offer insight.
NetSpend and Green Dot, which sells many of its cards at Walmart stores, tumbled Monday after Wal-Mart Stores Inc. announced it would offer its own prepaid card with credit card issuer American Express Co. With its shares falling, Green Dot replied with a statement saying it supported Wal-Mart's efforts to offer more financial products to more customers.
NEW YORK-- When Elie Wiesel emerged from quintuple heart bypass surgery, still wired to monitors, he immediately started writing a book about the ordeal _ "in my head."
CNBC's Jane Wells reports California's Governor Jerry Brown has ordered refiners to start selling California's winter gasoline early to boost supplies as much as 10 percent.
The widening outbreak has alarmed federal and state health officials and focused attention on regulation of pharmaceutical compounding companies like the one that produced the drugs, the New England Compounding Center Inc in Framingham, Massachusetts.
With the recent spike in gasoline prices bringing that commodity to the forefront of the news again, you might wonder why gasoline is priced so different in different parts of the country.
Oct 8- Fitch Ratings announced today that it is affirming UnitedHealth Group Inc.' s. The rating action follows today's announcement by UNH that it will acquire Amil Participacoes S.A., a Brazil- based managed care company in a predominately debt-financed transaction expected to be valued at approximately $4.9 billion.
Oct 8- Two private equity firms agreed to a $166 million settlement of a lawsuit that accused them of stripping assets from the Mervyn's retail chain and pushing the former unit of Target Corp into bankruptcy, according to court documents.
SAN DIEGO-- Optimer Pharmaceuticals Inc. said Monday it is selling its remaining stake in its Taiwanese affiliate Optimer Biotechnology for $60 million. Optimer Pharmaceuticals plans to use the proceeds from the sale to fund marketing of its drug Dificid and for other general corporate purposes.
Oct 8- Gannett Co Inc said it reached a deal with Charles Ergen's Dish Network Corp on Monday avoiding a blackout that would have prevented some Dish customers in the United States from seeing content broadcast by networks ABC, NBC and CBS.
INDIANAPOLIS-- A Dow Chemical Co. business said Monday that it has bought a California seed company. Indianapolis- based Dow AgroSciences, a subsidiary of Midland, Mich.- based Dow Chemical, works on making crops more productive. Dow Chemical slipped 22 cents to $28.98, a down day for the market.
*Romney claws his way back after first debate* Only 2 points behind in Reuters/ Ipsos poll By Steve Holland. PORT ST. LUCIE, Fla., Oct 7- Mitt Romney appeared on Sunday to have halted his perilous slide in the polls and is back to running a close race with President Barack Obama as he prepares a new assault on the Democrat over foreign policy.
SAN DIEGO-- Medical device maker CareFusion Corp. said Monday it agreed to buy Intermed Equipamento Medico Hospitalar, a Brazilian respiratory technology company. CareFusion said Intermed designs, makes and sells ventilators and respiratory care devices used in hospitals in Brazil and Latin America.
TAMPA, Fla.-- A private equity investment group has bought The Tampa Tribune newspaper from Media General Inc. for $9.5 million, the newspaper reported Monday.
LOS ANGELES-- The statewide average price for a gallon of regular gasoline in California rose to an all-time high Monday, the third record-setting day in a row that is prompting calls for a federal investigation into the price spike.
VAN NUYS, Calif.-- Electro Rent Corp., which rents and sells computers and other electronic equipment, said Monday that revenue for the fiscal first quarter held steady but net income plunged largely because last year's results included gains from buying another company.
NEW YORK-- A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. The World Bank signaled the possibility of a "more pronounced slowdown" in China, the world's second largest economy after the United States.