Jan 25- Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. In a letter addressed to the Oracle board that was seen by Reuters, the...» Read More
EWING, N.J.-- Antares Pharma Inc. said Tuesday it received a $750,000 milestone payment from its partner Pfizer Inc.. In December 2011 Antares licensed drug delivery technology to Pfizer. Shares of Antares Pharma rose 12 cents, or 2.8 percent, to $4.40 on Tuesday.
The country's largest fertilizer company, Mosaic, said weak demand from China and India have hurt its profits. The S&P 500 index rose 1.26, or less than 0.1 percent, to close at 1,445.75. The S&P 500 is up 5.08, or 0.4 percent.
DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.
NEW YORK-- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:. MetroPCS Communications Inc., up $2.05 at $13.57. Deutsche Telekom AG, parent company of cellphone carrier T-Mobile USA, said it is in talks to buy smaller rival MetroPCS.
RALEIGH, N.C.-- Dara Biosciences Inc. said Tuesday it has regained compliance with Nasdaq share price rules. The stock returned to closing above $1 on Sept. 14, and has maintained that level for 13 straight sessions. Shares of Dara Biosciences rose 4 cents to end at $1.04 on Tuesday.
THE FERTILIZER REPORT: The country's largest fertilizer company, Mosaic, said weak demand from China and India hurt its profits. EUROPE WATCH: Stocks took a turn lower after Spain's prime minister said that he's not preparing a request for a bailout loan.
NEW VENTURE: Alisher Ali opened Myanmar's first-ever investment bank with $1 million of his own money. By the time Mandalay Capital closed its fundraising last month, Ali had raised $25 million.
HOUSTON-- Two activist groups said Tuesday they sent an email to more than 71,000 Shell Oil employees that pretended to be from a fake company division and provided information about a U.S. Supreme Court case involving the company.
NEW YORK-- Drug and medical device maker Covidien PLC said Tuesday it completed its $100 million purchase of CNS Therapeutics. Covidien announced it was buying CNS on Sept. 24. CNS is now part of Covidien's Mallinckrodt pharmaceuticals business.
WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.
NEW YORK-- The price of oil fell Tuesday as investors weighed positive U.S. economic news against ongoing concerns about Europe. On the New York Mercantile Exchange:. Benchmark crude fell 59 cents to finish at $91.89 per barrel.
The country's largest fertilizer company, Mosaic, said weak demand from China and India have hurt its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell. Dupont led the Dow lower, sinking 86 cents to $49.50.
MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.
JEFFERSON CITY, Mo.-- Missouri revenues are up 6.6 percent through the first quarter of its budget year. Figures released Tuesday by the Office of Administration show most the growth resulted from a decline in income tax refunds paid to businesses and individuals compared with last year. Missouri's budget year began July 1.
Cenovus Energy Inc. said Tuesday that it has received Canadian court approval for its plans to buy the remaining assets of oil sand exploration business Oilsands Quest for $10 million. The deal includes three oil sands leases in Alberta and Saskatchewan. Cenovus was able to acquire the assets through the liquidation of OIlsands Quest.
RACE TO HARVEST: Soybean prices fell as a fast-paced harvest delivers more supplies to the marketplace. EYES ON SPAIN: Other commodities were mixed after Spain's prime minister said a request for bailout funding isn't imminent.
Resorts has begun a new joint marketing program in which its gamblers and those two other Mohegan-owned casinos in Connecticut and Pennsylvania can use rewards points at any of the three destinations. The company will now let gamblers use their credits at Resorts, as well as Mohegan Sun in Connecticut and Mohegan Sun at Pocono Downs in Pennsylvania.
COSTA MESA, Calif.-- Hyundai Motor America said Tuesday that U.S. vehicle sales rose 15.3 percent in September, as rising sales of its Elantra sedan overcame a decline in its other big seller, the Sonata. BY THE NUMBERS: Hyundai sold 660,025 vehicles last month, up from 52,051 a year earlier.
CHERRY HILL, N.J.-- Subaru of America Inc. said Tuesday that U.S. sales rose 32 percent in September on strong gains for the Outback wagon and the Legacy sedan. BY THE NUMBERS: The Japanese automaker said sales rose to 27,683 in September, from 20,934 a year earlier. TOP SELLER: The company sold 10,583 Outbacks, an increase of 39.1 percent from a year ago.
NEW YORK-- Shares of Fifth& Pacific slid Tuesday after the clothing maker cut its guidance due to weak sales of Juicy Couture. Moody's Investors Service said the guidance cut is bad for Fifth& Pacific's credit, but said it is not making any immediate changes to its ratings. Moody's currently has a "B2" rating on Fifth& Pacific.