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  • INC Research reports 4Q loss Tuesday, 24 Feb 2015 | 11:58 AM ET

    RALEIGH, N.C. _ INC Research Holdings Inc. on Tuesday reported a loss of $53.2 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. INC Research expects full-year earnings in the range of $1.19 to $1.29 per share.

  • TransEnterix reports 4Q loss Tuesday, 24 Feb 2015 | 11:58 AM ET

    MORRISVILLE, N.C. _ TransEnterix Inc. on Tuesday reported a loss of $8.1 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Asahi Kasei to spend $2.2B on Polypore Intl business Monday, 23 Feb 2015 | 8:38 AM ET

    Japan's Asahi Kasei Corp. will pay $2.2 billion to buy the energy storage business of Polypore International after Polypore sells a separate segment of its operation to 3 M Co. for $1 billion. Polypore International Inc., which is based in Charlotte, North Carolina, and Asahi Kasei said Monday that the combination of their lithium-ion battery separator...

  • The companies in the case include Richmond, Virginia- based Altria Group Inc., owner of the biggest U.S. tobacco company, Philip Morris USA; No. 2 cigarette maker, R.J. Reynolds Tobacco Co., owned by Winston-Salem, North Carolina- based Reynolds American Inc.; and No. 3 cigarette maker Lorillard Inc., based in Greensboro, North Carolina. The preamble to the ads says a "...

  • Canadian drugmaker Valeant Pharmaceuticals International Inc. has agreed to buy Salix Pharmaceuticals Ltd. for about $10 billion in cash. The deal is a win for Valeant, which made several offers to buy Allergan last year, but was repeatedly rebuffed by the Botox-maker. Allergan agreed to be acquired by Ireland- based Actavis in November.

  • Drugmaker Valeant to buy Salix for $14.5 billion Sunday, 22 Feb 2015 | 4:07 PM ET

    Salix, a maker of gastrointestinal drugs that has been courted by at least four potential suitors over the last year, has finally found a buyer.

  • PORTLAND, Maine— FairPoint Communications workers ratified a new contract during three days of voting, ending a four-month strike by more than 1,700 workers in Maine, New Hampshire and Vermont, two unions announced Sunday. Todd Bedard, a FairPoint worker in Concord, New Hampshire, said he's satisfied with the outcome. FairPoint CEO Paul Sunu said the contract...

  • WASHINGTON— Never underestimate the staying power of big tobacco. District Judge Gladys Kessler ordered the nation's largest cigarette makers to publicly admit that they had lied for decades about the dangers of smoking. Oral arguments are scheduled for Monday before the U.S. Court of Appeals for the District of Columbia Circuit.

  • Correction: Earns-BioCryst Pharmaceuticals story Friday, 20 Feb 2015 | 5:52 PM ET

    DURHAM, N.C.— In a story about BioCryst Pharmaceutical Inc.' s quarterly results, The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company is based in Birmingham, Alabama. BioCryst Pharmaceuticals posts 4 Q revenue of $5.4 million, result beats expectations.

  • RALEIGH, N.C.— Federal prosecutors filed multiple criminal charges against Duke Energy on Friday over years of illegal pollution leaking from coal ash dumps at five North Carolina power plants. The prosecutors say the nation's largest electricity company engaged in unlawful dumping at coal-fired power plants in Eden, Moncure, Asheville, Goldsboro and Mt....

  • The inflation adjustment argument was supported by the Securities and Exchange Commission in December 2009 before the House of Representatives Subcommittee on Capital Markets and again more recently before a bankruptcy judge, though the SEC did not submit arguments to the appeals court. The appeals panel noted that lawyers for the Securities Investor...

  • NEW YORK, Feb 20- Valeant Pharmaceuticals International Inc is close to a deal to acquire bowel drug maker Salix Pharmaceuticals Ltd for around $160 per share, according to a person directly familiar with the matter. A deal of that size would be the largest ever for Valeant, which lost a takeover contest for Allergan Inc last year. The usually acquisitive Valeant...

  • LabCorp tops Street 4Q forecasts Friday, 20 Feb 2015 | 7:33 AM ET

    BURLINGTON, N.C. _ Laboratory Corp. of America Holdings on Friday reported fourth-quarter net income of $119.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share. LabCorp expects full-year earnings in the range of $7.35 to $7.70 per share.

  • CommScope tops 4Q profit forecasts Friday, 20 Feb 2015 | 6:27 AM ET

    HICKORY, N.C. _ CommScope Holding Co. on Friday reported fourth-quarter net income of $47.8 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. For the current quarter ending in March, CommScope expects its per-share earnings to range...

  • EnPro misses 4Q profit forecasts Friday, 20 Feb 2015 | 5:12 AM ET

    CHARLOTTE, N.C. _ EnPro Industries Inc. on Friday reported fourth-quarter profit of $3.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Analysts expected $296.2 million, according to Zacks.

  • Unions begin 3 days of voting on FairPoint contract Friday, 20 Feb 2015 | 1:57 AM ET

    PORTLAND, Maine— Just a day after the announcement of a tentative agreement, more than 1,700 striking FairPoint Communications workers begin three days of briefings and ratification votes in Maine, New Hampshire and Vermont. The company, northern New England' s primary landline provider, and unions declined to discuss details of the tentative agreement until...

  • *Reports adjusted profit $0.86/ share vs estimate of $0.88. Feb 18- Duke Energy Corp said it could reach a settlement with the U.S. government in the "next several days" over a federal grand jury probe into a coal ash spill in North Carolina's Dan River last February. A pipe break at a retired Duke coal plant triggered the third-worst coal ash spill in U.S. history,...

  • Feb 18- Duke Energy Corp said it could reach a settlement with the U.S. government in the "next several days" over a federal grand jury probe into a coal ash spill in North Carolina's Dan River last February. A pipe break at a retired Duke coal plant triggered the third-worst coal ash spill in U.S. history, prompting North Carolina's Senate to ask Duke to close 33 coal...

  • Duke has been retiring some of its coal powered plants to comply with North Carolina's Coal Ash Management Act of 2014. The state's Senate has asked Duke to close 33 coal ash ponds within 15 years after coal ash was released into the Dan River from a retired plant in February last year. The company said it recorded a charge of 14 cents per share in anticipation of...

  • Heavy snowfall and ice moving from the Southern Plains eastward pounded Missouri, Arkansas, southern Illinois, Tennessee, Kentucky, Indiana and Ohio, the National Weather Service said. With the storm headed east and sleet and freezing rain expected to also take a swipe at the South, North Carolina, Virginia, Mississippi and Georgia declared states of emergency.