Vantage Energy said it has postponed its initial public offering of common shares, citing unfavorable market conditions.» Read More
The diner-style chain said on Tuesday it and regional partner Saleh Bin Lahej Group plan to open 40 restaurants starting next year across the United Arab Emirates, a seven-state federation that includes the cities of Dubai and Abu Dhabi.
Oct 9- American Spectrum Realty Inc:. *Announces the sale of beltway industrial park in Houston, tx. *Says expects to recognize a gain of approximately $5.5 million before income.
Oct 9- Plans for an Austrian daredevil to skydive from a balloon 23 miles over the New Mexico desert were on hold on Tuesday due to winds, but his team said the death-defying stunt could still happen later in the day.
HOUSTON-- MRC Global Inc. on Tuesday issued strong third-quarter financial guidance and raised the high end of its revenue prediction for the full year. The Houston- based global energy products distributor, which went public in April, said it expects to post third-quarter net income of between 45 cents and 52 cents per share.
*Baird cuts ON Semiconductor Corp price target to $8 from $9. *Baird raises SanDisk Corp price target to $47 from $32. Reuters Station users, click. 1568.
*Lawmakers call for stronger FDA role. *Supreme Court may have to settle legal questions. Democratic lawmakers said the new crisis showed it was time for Congress to strengthen the FDA's hand in overseeing this side of the drug industry.
*Launch now targeted for 1:15 p.m. EDT ( 1715 GMT. Oct 9- A n Austrian daredevil made last-minute preparations on Tuesday for a death-defying s kydive from a balloon 23 miles over the New Mexico desert af ter delays due to winds earlier in the day.
NEW YORK-- Shares of RadioShack Corp. jumped nearly 9 percent Tuesday after a Wall Street analyst boosted her rating for the electronics retailer's stock to "Buy," saying that most of the risks surrounding the shares have already been factored into their price.
U.S. ports are expected to handle 1.45 million 20- foot Equivalent Units in October, up 9.9 percent from the year-earlier period, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.
SACRAMENTO, Calif.-- California officials have reached a $25 million settlement with a company that sells end-of-life policies through funeral planners, state Controller John Chiang announced Monday.
NASHVILLE, Tenn., Oct 8- About 13,000 people in 23 U.S. states may have received steroid injections linked to a rare fungal meningitis outbreak that has killed eight people, but far fewer are likely to contract the disease, the Centers for Disease Control said on Monday.
NEW YORK, Oct 8- Coca-Cola Co, PepsiCo Inc, Dr. Pepper Snapple Group Inc and other beverage makers will begin displaying the calorie count of drinks sold in vending machines next year, a U.S. soda industry group said on Monday.
BIG CHANGE: General Motors is setting up four technology innovation centers in the U.S. and plans to hire 10,000 computer specialists over the next three-to-five years. THE NEWS: GM announced on Monday that one of the centers would be in the Detroit suburb of Warren, Mich., on the site of its Technical Center.
The company has announced the sites of the first two centers, in Austin, Texas, and suburban Detroit, but it won't comment on the other two. AUSTIN, Texas: GM picked the home of the University of Texas because of its rich base of high-tech workers.
*Current record was set in 1960 by a U.S. Air Force colonel. Oct 8- An Austrian adventurer is preparing to skydive from a balloon flying 23 miles above New Mexico on Tuesday, seeking to break a long-standing altitude record- and the sound barrier- in the process. If the weather is good, the balloon will be launched at dawn on Tuesday, around 7 a.m. New Mexico time.
*Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp is buying BP Plc's Texas City refinery, the site of a deadly industrial accident, in a $2.5 billion deal that will make it the No. 4 U.S. refiner with a bigger potential slice of lucrative exports.
General Motors is moving past layoffs and the Motor City's rusty, low-tech image. "The companies that build the software themselves in general are going to have an advantage," says David Kirkpatrick, author of a book about Facebook and CEO of Techonomy Media Inc., a New York firm that specializes in setting up technology conferences. "
Oct 8- Eli Lilly and Co said its experimental Alzheimer's drug led to a 34 percent reduction in memory decline for patients with mild symptoms over a period of 18 months, giving it potential ammunition to seek approval for the medicine that showed no benefit in more advanced stages of the disease.
NASHVILLE, Tenn., Oct 8- Some 13,000 people in 23 U.S. states may have received steroid injections linked to a rare fungal meningitis outbreak that has killed eight people, but far fewer are likely to contract the disease, the Centers for Disease Control said on Monday.
SAN ANTONIO-- Cracker Barrel is in an extended fight with its biggest shareholder, Sardar Biglari. In a public letter to Cracker Barrel Old Country Store Inc. on Monday, Biglari, said the restaurant was being misleading when, in a letter to shareholders last week, it referred to chairman-elect Jim Bradford as "a former NYSE company CEO."