Some states changed in April the criteria for the Supplemental Nutrition Assistance Program, formerly known as food stamp program, making thousands of households ineligible for benefits. Dollar General's net income rose to $306.52 million, or $1.08 per share, in the second quarter ended July 29, from $282.35 million, or 95 cents per share, a year earlier.
Aug 25- Berry Plastics Group Inc said it would buy flexible plastic packaging films maker AEP Industries Inc in a deal valued at $765 million, including debt. Based on Berry Plastics' close on Aug. 23, AEP shareholders will receive either $110 in cash or 2.5011 shares of Berry Plastics for each AEP share. Upon closing of the stock and cash deal, AEP shareholders will...
BRIEF-MYLAN NV SAYS ENHANCING ACCESS TO EPIPEN AUTO-INJECTOR@. *Is reducing patient cost of epipen auto-injector through use of a savings card which will cover up to $300 for their epipen 2- pak. *Company to cover up to $300 of out-of-pocket cost at pharmacy.
CARLE PLACE, N.Y. _ 1-800- Flowers.com Inc. on Thursday reported a loss of $11.1 million in its fiscal fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share. 1-800- Flowers.com shares have risen 32 percent since the beginning of the year.
NEW YORK— Mylan, in crosshairs for spiking cost of EpiPen, says it will expand savings program to cover up to $300, of out of pocket costs.
*Investors have been waiting for Fed Chair Janet Yellen's address at an annual meeting of global central bankers in Jackson Hole, Wyoming, for signals on the timing of the next rate hike. *Data due Thursday includes a report on weekly jobless claims, which likely increased by 3,000 to 265,000. The report will be released at 8:30 a.m. ET. *Durable goods orders data...
IRVING, Texas _ Michaels Cos. on Thursday reported fiscal second-quarter profit of $35.6 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 17 cents per share. Four analysts surveyed by Zacks expected $1.07 billion.
Aug 25- Mylan NV said it would reduce the patient cost of its severe allergy treatment drug EpiPen on Thursday, a day after Democratic Presidential candidate Hillary Clinton called for lower pricing of the drug. The company said it is reducing the patient cost of EpiPen through the use of a savings card, which will cover up to $300 for their EpiPen 2- Pak.
LONDON, Aug 25- Portugal's borrowing costs pulled away from recent one-month highs on Thursday after an agreement on the recapitalisation of ailing state-owned bank CGD eased worries about the health of the country's banking sector. Yields last week suffered the biggest weekly jump in almost four months after DBRS, the ratings agency that holds Portugal's...
DAYTON, Ohio _ REX American Resources Corp. on Thursday reported fiscal second-quarter earnings of $8.2 million. The Dayton, Ohio- based company said it had profit of $1.24 per share. This story was generated by Automated Insights using data from Zacks Investment Research.
HAMILTON, Bermuda _ Signet Jewelers Ltd. on Thursday reported fiscal second-quarter net income of $81.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share. Three analysts surveyed by Zacks expected $1.45 billion.
BEIJING, Aug 25- An oil marketing executive of Swiss trading giant Trafigura's China operation was released on bail this month after more than two years in detention, as an investigation into alleged fraudulent oil trading continues, sources with knowledge of the matter said. Tian Meng, Trafigura's Beijing- based oil marketer, has not been officially charged,...
MYLAN SAYS IT WILL COVER UP TO $300 OF OUT-OF-POCKET COST AT PHARMACY FOR ALLERGY TREATMENT DRUG EPIPEN, WILL REDUCE PATIENT COST BY 50 PCT OFF MYLAN LIST PRICE.
ST PAUL, Minn. _ Patterson Cos. on Thursday reported fiscal first-quarter net income of $38.9 million. Patterson Cos. expects full-year earnings in the range of $2.60 to $2.70 per share. Patterson Cos. shares have climbed 1 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more than 6 percent.
CANTON, Mass. _ Destination XL Group Inc. on Thursday reported fiscal second-quarter net income of $199,000, after reporting a loss in the same period a year earlier. The Canton, Massachusetts- based company said it had profit of less than 1 cent on a per-share basis. Destination XL expects full-year revenue in the range of $457 million to $463 million.
SHANGRAO, China _ JinkoSolar Holding Co. on Thursday reported second-quarter earnings of $42.1 million. The Shangrao, China- based company said it had profit of $1.28 per share. JinkoSolar shares have dropped 27 percent since the beginning of the year.
PARAMUS, N.J. _ Movado Group Inc. on Thursday reported fiscal second-quarter earnings of $6.3 million. Movado expects full-year earnings in the range of $1.40 to $1.55 per share, with revenue in the range of $550 million to $560 million. Movado shares have fallen 7 percent since the beginning of the year.
CHICAGO, Aug 25- The warning is posted in fine print at the bottom of all mutual fund advertisements: "Past performance does not guarantee future results." The U.S. Securities and Exchange Commission requires it. Only 7.33 percent of domestic equity funds that were in the top quartile of performance in March 2014 were still there two years later.
Aug 25- Discount retailer Dollar General Corp reported lower-than-expected quarterly sales, hurt by lower food prices, growing competition and as its low-income customer base was hurt by several states reducing food stamp coverage. The company's net income rose to $306.52 million, or $1.08 per share, in the second quarter ended July 29, from $282.35 million, or...
ATHENS, Aug 25- A Greek minister accused the European Commission on Thursday of violating the country's constitution when it called on Athens to quash allegations that its former statistics agency chief had rigged data to help creditors. The intervention by Deputy Justice Minister Dimitris Papangelopoulos added fuel to a spat between Athens and the...