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  • The survey came after Sunday's meeting between Saudi Arabia's oil minister, Ali al-Naimi, and his Venezuelan counterpart produced no tangible signs that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump in oil. U.S. crude settled below $30 a barrel, finishing down $1.20 at $29.69. "Everyone's fearing new builds in crude," said Donald Morton,...

  • ALBANY, N.Y.— An upstate New York town that repeatedly found itself without power for days during a string of storms is planning a dramatic step by pulling its municipal buildings entirely off the electric grid. The decision by Nassau to rely on solar, wind, landfill gas and battery storage by 2020 puts the town of 5,000 near Albany on the leading edge of a national...

  • Feb 5- A federal judge on Friday said Allergan Plc's planned generic version of a drug meant to treat epilepsy infringed patents belonging to Supernus Pharmaceuticals Inc.. They closed up $2.00, or 19.7 percent, at $12.13 on the Nasdaq. District Judge Renée Marie Bumb in Camden, New Jersey said Allergan's proposed generic infringed two of the three Supernus...

  • Synutra posts 3Q profit Friday, 5 Feb 2016 | 6:39 AM ET

    ROCKVILLE, Md. _ Synutra International Inc. on Friday reported fiscal third-quarter profit of $12 million. Synutra expects full-year revenue in the range of $375 million to $400 million. Keywords: Synutra International, Earnings Report.

  • WASHINGTON/ NEW YORK, Feb 4- Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner...

  • WASHINGTON/ NEW YORK, Feb 4- Former drug executive Martin Shkreli laughed off questions about drug prices and tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton...

  • WASHINGTON— Pharmaceutical chief Martin Shkreli refused to testify Thursday in an appearance before U.S. lawmakers over severe hikes for a drug sold by a company that he acquired, yet even without answering questions, managed to leave them infuriated. Shkreli, widely scorned for hiking the price of a long-established and potentially lifesaving drug by more...

  • Colfax beats Street 4Q forecasts Thursday, 4 Feb 2016 | 6:37 AM ET

    ANNAPOLIS JUNCTION, Md. _ Colfax Corp. on Thursday reported fourth-quarter earnings of $44.2 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Nine analysts surveyed by Zacks expected $1.02 billion.

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • American Capital Mortgage posts 4Q loss Wednesday, 3 Feb 2016 | 4:43 PM ET

    BETHESDA, Md. _ American Capital Mortgage Investment Corp. on Wednesday reported a fourth-quarter loss of $5.5 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. American Capital Mortgage shares have decreased nearly 4 percent...

  • House GOP fails anew to repeal Obama's health care law Tuesday, 2 Feb 2016 | 12:50 PM ET

    "What we're proving today is if we have a Republican president next year, we will repeal Obamacare," Ryan, R- Wis., told reporters, using a nickname for a law that GOP lawmakers have despised since it was pushed through Congress six years ago. Ryan said the GOP will offer its own proposal this year for replacing the law, saying it would lower costs and "restore the...

  • A congressional review of more than 300,000 pages from Turing Pharmaceuticals and Valeant Pharmaceuticals reveals how executives planned to maximize profits while fending off negative publicity over the price hikes. Elijah Cummings, D- Maryland, released the information Tuesday ahead of a hearing Thursday to examine exorbitant price spikes.

  • NEW YORK, Feb 1- Travel insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly spreading Zika virus, one of the top U.S. providers, RoamRight, told Reuters on Monday. The Maryland- based company, part of insurer Arch Capital Group Ltd, said revenue jumped 81 percent in January from a year ago for its "...

  • American Capital Agency posts 4Q profit Monday, 1 Feb 2016 | 4:44 PM ET

    BETHESDA, Md. _ American Capital Agency Corp. on Monday reported fourth-quarter net income of $588 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. American Capital Agency shares have declined 2.5 percent since the beginning of...

  • Dawn Bennett, chief executive officer of Bennett Group Financial Services LLC., in Washington, DC, and her lawyers have skipped the proceeding, which began last Wednesday and ends on Monday, following testimony from a final SEC witness. The SEC filed civil charges against Bennett last year alleging that she used her paid radio program to grossly inflate the...

  • LOS ANGELES— Cheap gas prices are good for summer vacationers, especially those taking road trips. That's one of the reasons that Steve Joyce, CEO of Choice Hotels, is optimistic about this year. The Rockville, Maryland company has 6,300 hotels with more than 500,000 rooms under brands including Comfort Inn, Clarion, EconoLodge and Rodeway Inn.

  • Trump holds Iowa lead as caucus vote nears Sunday, 31 Jan 2016 | 10:13 AM ET
    Donald Trump

    Donald Trump has widened his edge against rival Ted Cruz in Iowa, according to poll that shows the billionaire gaining momentum.

  • WASHINGTON— Sunday night is the sign-up deadline for subsidized private health insurance under President Barack Obama's health care law. Administration officials say the deadline is 11:59 p.m. PST, or 2:59 a.m. EST Monday. The minimum penalty is $695 for someone who's uninsured the full year.

  • NEW YORK, Jan 29- Amazon.com Inc shares' unusual roller-coaster move before and after the world's No. 1 online retailer reported quarterly results on Thursday helped some traders make money shorting the stock. In between, the stock was all over the place, hitting a Thursday high of $638.06 and falling to a low of $540 in the action after Thursday's close.

  • Fugro search director Paul Kennedy has described SAS as developing technology with some questions about its reliability. Because the search was in such a remote region, Fugro opted for established technology with ready supplies of spare parts. The Dong Hai Jiu 101 will join two Fugro ships, Furgo Discovery and Furgo Equator, which will continue to search with...