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  • Finisar meets 3Q profit forecasts Thursday, 5 Mar 2015 | 4:30 PM ET

    SUNNYVALE, Calif. _ Finisar Corp. on Thursday reported fiscal third-quarter net income of $1.7 million. Seven analysts surveyed by Zacks expected $305.8 million. For the current quarter ending in April, Finisar expects its per-share earnings to range from 22 cents to 28 cents.

  • Diamond Foods beats 2Q profit forecasts Thursday, 5 Mar 2015 | 4:21 PM ET

    SAN FRANCISCO _ Diamond Foods Inc. on Thursday reported fiscal second-quarter net income of $11.2 million, after reporting a loss in the same period a year earlier. Diamond Foods expects full-year earnings in the range of 95 cents to $1.10 per share. Diamond Foods shares have decreased almost 3 percent since the beginning of the year.

  • Cooper Cos. beats 1Q profit forecasts Thursday, 5 Mar 2015 | 4:15 PM ET

    PLEASANTON, Calif. _ The Cooper Cos. on Thursday reported fiscal first-quarter profit of $61.2 million. Cooper Cos. expects full-year earnings in the range of $7.40 to $7.70 per share, with revenue in the range of $1.86 billion to $1.91 billion. Cooper Cos. shares have risen almost 2 percent since the beginning of the year.

  • MIAMI— Mixed signals from the Supreme Court have states on edge about the future of health insurance subsidies for millions of Americans. The case sets up an intriguing political backdrop for states like Florida and Texas, both led by Republican governors staunchly opposed to the law. Florida has more people on the health care plan than any other state and most...

  • Mandarin Oriental says hotels in US, Europe hacked Thursday, 5 Mar 2015 | 3:46 PM ET

    NEW YORK— High-end hotel chain Mandarin Oriental said Thursday that the credit card systems at some of its hotels in the U.S. and Europe were hacked. Mandarin Oriental operates about 30 hotels in cities across the world including Paris, London, Geneva, New York, Miami, San Francisco, Las Vegas as well as Shanghai, Hong Kong and Macau. Mandarin Oriental is a unit of...

  • NEW YORK, March 5- From a crime drama starring actress Glenn Close to an Arnold Schwarzenegger film about a deadly zombie epidemic to an expose of the financial crisis, the Tribeca Film Festival unveiled a varied slate of movies on Thursday. A special dance performance will accompany "A Ballerina's Tale," which offers a peek into the daily life of Misty Copeland of...

  • Trade Representative also said it is keeping an eye on China's Alibaba Group Holding Ltd's consumer shopping website for sales of fake and pirated goods, but refrained from putting the site back on its piracy blacklist. Representatives of Alibaba, the world's largest e-commerce company, could not immediately be reached for comment. The registrar, Canada's...

  • March 5- A California jury on Thursday ordered Johnson& Johnson's Ethicon Inc unit to pay $5.7 million in the first trial over injuries blamed on the TVT Abbrevo, one of numerous transvaginal mesh products that are the subject of thousands of lawsuits. Following more than three days of deliberations in Kern County, California, jurors found Ethicon liable for...

  • LIMA, Peru— Indigenous communities that sued Occidental Petroleum over contamination in Peru's northern Amazon have reached an out-of-court settlement in which the U.S.-based oil company will pay them an undisclosed sum. The case was the first of its kind involving oil drilling in South America to advance in U.S. courts, said attorney Marco Simons of...

  • The American Pet Products Association's annual report on pet industry spending says Americans spent $58 billion in 2014 on their 397 million pets, which range from freshwater fish and reptiles to cats and dogs. Last year, people spent $22 billion on food; $15 billion on veterinary care; $14 billion on supplies such as beds, bowls and collars and over-the-counter...

  • WELLESLEY, Mass.— Wellesley College is joining a growing list of women's colleges that accept transgender students. President H. Kim Bottomly and trustees' chairwoman Laura Daignault Gates said in a letter Wednesday that " Wellesley will consider for admission any applicant who lives as a woman and consistently identifies as a woman." Mount Holyoke and Simmons...

  • NEW HAVEN, Conn.— A requirement that Yale undergraduates on financial aid pay up to $6,400 annually toward their education is coming under protest from students who argue it creates a divide along class lines and keeps them from participating more in campus life. University spokeswoman Karen Peart said Yale, like all schools, "expects students to make a modest...

  • The FDA confirmed that Olympus Corp. did not seek agency clearance for the redesign of its specialized endoscope, which it began selling in 2010. FDA clearance is required for all substantive updates to medical devices sold in the U.S. Despite the lack of clearance, the FDA said doctors should continue using the device because it's not clear that a federal...

  • MIAMI, March 5- A $5 million class-action lawsuit filed this week in Florida accuses hardwood and laminate flooring giant Lumber Liquidators, Inc of selling products laden with cancer-causing chemicals. Senator Bill Nelson of Florida, the ranking Democrat on the Senate Committee on Commerce, Science and Transportation, called on federal agencies Wednesday...

  • Avalanche Biotech reports 4Q loss Thursday, 5 Mar 2015 | 10:10 AM ET

    MENLO PARK, Calif. _ Avalanche Biotechnologies Inc. on Thursday reported a loss of $10.4 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • March 5- Kroger Co, the biggest U.S. supermarket operator, forecast a full-year profit above analysts' estimates as it benefits from its acquisition of Harris Teeter Supermarkets Inc and higher margins on fuel. Kroger shares rose 6.7 percent to a record high of $74.30 in morning trading on Thursday. Kroger completed its $2.5 billion acquisition of Harris Teeter...

  • Supermarket operator Kroger's profit rises 23 pct Thursday, 5 Mar 2015 | 8:53 AM ET

    March 5- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported a 23 percent rise in quarterly profit, helped by its acquisition of Harris Teeter Supermarkets Inc and higher margins on fuel. Net income attributable to Kroger rose to $518 million, or $1.04 per share, in the fourth quarter ended Jan. 31, from $422 million, or 81 cents per share, a year...

  • Ares Management misses 4Q profit forecasts Thursday, 5 Mar 2015 | 8:33 AM ET

    LOS ANGELES _ Ares Management LP on Thursday reported fourth-quarter profit of $3.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Ares Management shares have increased 19 percent since the beginning of the year.

  • Ringling Bros. to give up elephant acts in 3 years Thursday, 5 Mar 2015 | 8:06 AM ET

    The move announced Thursday is bittersweet and didn't come easily, Feld family members said as they broke the news to The Associated Press. "It was a decision 145 years in the making," said Juliette Feld, who now helps run the circus company with her sisters and father, Feld Enterprises Inc. President Kenneth Feld. "We're not reacting to our critics; we're creating the...

  • Arrowhead buys Novartis' RNAi portfolio Thursday, 5 Mar 2015 | 7:34 AM ET

    March 5- Arrowhead Research Corp said it acquired Novartis AG's RNAi assets to fortify its position in the field of gene therapy that aims to wipe out disease-causing proteins. Novartis is eligible to receive $25 million in Arrowhead shares within 30 days, which would make it the second-largest shareholder based on Arrowhead's market value on Wednesday.