U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
Shares of Delta Air Lines Inc. and US Airways Group Inc. were the best performers in the group with gains of 3.4 percent and 2.5 percent. US Airways stock has more than doubled as investors bet on an eventual merger with American Airlines, which is currently under bankruptcy protection.
HONG KONG-- A chartered boat packed with revelers during a holiday weekend collided with a ferry and sank Monday night off Hong Kong, killing at least eight people were killed and injuring dozens more, authorities said.
TALLAHASSEE, Fla.-- A new report says it would cost nearly $1.5 billion to repair Progress Energy's damaged nuclear reactor at Crystal River. That's up from the St. Petersburg- based utility's prior estimate of $900 million to $1.3 billion.
NEW YORK-- Shares of Healthcare Services Group Inc. rose Monday after a UBS analyst said the company, which provides housekeeping and food services to hospitals and nursing homes, should be able to sustain its strong growth. THE SPARK: Analyst A.J. Rice began covering Healthcare Services with a "Buy" rating and a price target of $27 per share.
Chris Gregoire has directed all state offices to reduce their total building energy use by 20 percent by 2020..
Wilbur Anthony Huff, 51, who has addresses in both Caneyville and Louisville, was released on $100,000 unsecured bond after a brief court appearance in federal court in Louisville in which prosecutors portrayed him as a flight risk. Attorney Preet Bharara in Manhattan called the case "Part Two" of his office's investigation of the taxpayer-funded TARP.
Among the earnings projection stories for Monday, Oct. 1, from AP Business News:. _ Gordmans Stores Inc., the clothing and home decor company, lowered its third and fourth-quarter financial forecasts because of a sales slowdown.
NEW YORK-- Shares of Allscripts Healthcare Solutions Inc. continued to rise Monday as Wall Street evaluated a report that the electronic health records company may sell itself to a private buyer. THE SPARK: Bloomberg News reported Friday that Allscripts is considering a sale and had engaged Citigroup Inc. as it considered its options.
AMEX PAYING REFUNDS, FINES: American Express is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged illegal late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. DECEPTIVE PRACTICES: Four federal agencies and Utah regulators reached settlements with the company.
DON'T PANIC: Bacon lovers can relax. They'll find all they want on supermarket shelves in the coming months, though their pocketbooks may take a hit.
HIGH-TECH MEDICAL DEVICES: Sony's new alliance with Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker's three-dimensional imaging and super-clear "4 K" display technologies. NEW CHALLENGE: Sony said it's not clear when the alliance's first products will become available.
LIGHTING THE WAY: Swedish retailer Ikea plans to sell only energy-efficient LED lighting by 2016, a move it announced two years after it said it was phasing out incandescent bulbs.
HOUSTON-- Noble Energy says that Hurricane Isaac hurt its production, but its activity in the Gulf of Mexico is back to levels from before the storm. Based on this, Noble Energy Inc. now anticipates its quarterly volumes will be at the low end of its prior forecast for a range of 242 to 250 million barrels of oil equivalent per day.
The Supreme Court struggled with all types of questions Monday as it tried to figure out what kind of floating structures fall under maritime law, a question that could have a profound impact on popular businesses like floating casinos, hotels and restaurants.
WASHINGTON-- The Washington Post Co. is getting into the health care business with the purchase of a majority stake in Celtic Healthcare Inc., a provider of home health care and hospice services. Mars, Pa.- based Celtic provides home health care and hospice services in Pennsylvania and Maryland.
TEHRAN, Iran-- For weeks, a manifesto complaining about Iran's stumbling economy circulated in secret among factories and workshops.
NEW YORK-- Marriott International Inc. should shed some light on the health of the hotel sector when it reports earnings for the third quarter after the market closes on Wednesday. Three months ago, Marriott said it could boost earnings this year through higher bookings and rates despite slowing growth overseas.
NEW YORK-- Shares of Goldman Sachs Monday after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Barron's said that Goldman Sachs Group Inc. came away from the 2008 financial crisis better than any of its rivals.