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  • Knight Transportation tops 1Q profit forecasts Wednesday, 22 Apr 2015 | 9:09 AM ET

    PHOENIX _ Knight Transportation Inc. on Wednesday reported first-quarter earnings of $29.6 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. Knight Transportation shares have decreased slightly more than 3 percent since the beginning of the year.

  • April 15- The Medicines Co's intravenous blood clot preventer can be used in angioplasty procedures, an independent advisory panel to the U.S. Food and Drug Administration said on Wednesday. The recommendation follows a review published by FDA staff on Monday, which supported the approval of the drug. Cangrelor, which won European approval in March, was...

  • April 13- An intravenous blood clot preventer developed by The Medicines Co should be approved by the U.S. Food and Drug Administration, FDA staff reviewers concluded. The FDA rejected the blood thinner in April last year, after its reviewers took issue with the way a pivotal trial, called Champion- Phoenix, was conducted, and asked the company to reanalyze its...

  • April 1- Wall Street analysts may be inadequately accounting for the dollar's sharp first-quarter rally, setting up a scenario in which some multinational companies may miss already low earnings estimates and be punished with selloffs of their shares. North American public companies could give up more than $25 billion in revenues and 7 cents per share in...

  • NEW YORK, April 1- What inspires you? It's a simple question that is not always easy to answer. Claim to fame: #1 New York Times bestselling author, life and business strategist.

  • North American public companies could give up more than $25 billion in revenues and 7 cents per share in earnings in the first quarter alone because of currency-related volatility, said Wolfgang Koester, chief executive of FiREapps, a foreign exchange data analytics firm in Phoenix, Arizona. An early example to watch is Monsanto Co, which reports results on...

  • WASHINGTON, March 30- The U.S. Supreme Court on Monday declined to hear a new challenge to President Barack Obama's healthcare law that took aim at a bureaucratic board labeled by some Republicans as a "death panel" because it was designed to cut Medicare costs. The high court left intact a ruling by the San Francisco- based 9th U.S. Circuit Court of Appeals that threw...

  • Some on Wall Street are even talking about an earnings recession. Wall Street analysts currently estimate earnings growth of 1.3 percent for 2015, down from a forecast of 8.1 percent at the beginning of the year, according to Thomson Reuters data. Nearly one-fifth of S&P 500 companies have warned on earnings for the first quarter, with at least 49 companies...

  • March 16- Credit Suisse Group Inc will pay $10 million in cash and provide $6.25 million worth of advisory work to Freeport-McMoRan Inc to settle allegations it contributed to the natural resources company having overpaid significantly for two oil and gas companies. The settlement was disclosed on Monday in a filing with the Delaware Chancery Court.

  • UPDATE 1-BC Partners names Michael Massey PetSmart CEO Wednesday, 11 Mar 2015 | 9:33 AM ET

    March 11- BC Partners, which led the takeover of PetSmart Inc, appointed Michael Massey as chief executive of the pet supply retailer. A private equity consortium led by BC Partners in December agreed to buy Phoenix- based PetSmart for $8.7 billion. BC Partners managing partner Raymond Svider will become PetSmart's non-executive chairman.

  • BC Partners names Michael Massey PetSmart CEO - WSJ Wednesday, 11 Mar 2015 | 2:37 AM ET

    March 11- BC Partners, which led the takeover of PetSmart Inc, plans to appoint Michael Massey as chief executive of the pet supply retailer, the Wall Street Journal reported. A private equity consortium led by BC Partners in December agreed to buy Phoenix- based PetSmart for $8.7 billion. BC Partners managing partner Raymond Svider will become PetSmart chairman.

  • PHOENIX, March 9- European airlines face further restructuring and consolidation to close a gap in profitability with industry kingpins in North America, aviation experts said on Monday. European airlines are projected to make $10 billion of the $86 billion in profits expected to flow into the industry between 2010 and 2015, with North American airlines...

  • March 3- SolarCity Corp on Monday sued Arizona utility Salt River Project over new electricity rates that the U.S. solar installer said penalizes residential customers who choose to put up solar panels. Applications for rooftop solar have fallen 96 percent in SRP's service territory since Dec. 8, the date SRP's new plan went into effect, SolarCity said.

  • NEW YORK, Feb 10- The U.S. Department of Justice said on Tuesday that it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars. Two so-called "buy here, pay here" dealerships in Charlotte, North Carolina, Auto Fare Inc and Southeastern Auto Corp, agreed to set aside $225,000 to reimburse...

  • NEW YORK, Feb 10- Canadians who normally head south of their border for warmer weather are keeping closer track of their time in the United States because if they stay too long, they could lose their Canadian health benefits and might owe U.S. income tax. Just last year, the two countries implemented an agreement to scan passports and share the information, meaning...

  • Housing struggles as investors return to Phoenix Thursday, 5 Feb 2015 | 9:35 AM ET
    Phoenix, Arizona skyline

    Rampant foreclosures slashed home prices in half, but investor demand sent them right back up again. Guess who got priced out?

  • This model says to bet on the Seahawks Friday, 30 Jan 2015 | 6:44 PM ET
    The Vince Lombardi Trophy is displayed between the helmets of the Seattle Seahawks (L) and New England Patriots.

    According to one model, you're better off taking the Seattle Seahawks over the New England Patriots.

  • Watch the cops hunt down Super Bowl counterfeiters Friday, 30 Jan 2015 | 11:17 AM ET
    Seized goods included counterfeit National Football League (NFL) branded sportswear, designer clothing, videos, smartphones and electronic audio products worth over $800,000 are displayed during a news conference in Phoenix.

    Federal law enforcement officials are stepping up their efforts to crack down on counterfeit Super Bowl goods.

  • *Apple, P&G, Stryker also see headwinds. NEW YORK, Jan 27- A slew of U.S. multinational companies, from DuPont to Procter& Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors, including industrial companies such as 3 M Co,...

  • *Apple also at risk; Microsoft shares plummet on currency concern. NEW YORK, Jan 27- A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors...