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  • FORT WAYNE, Ind. _ Franklin Electric Co. on Monday reported first-quarter net income of $13.5 million. Franklin Electric expects full-year earnings to be $1.60 to $1.70 per share. Franklin Electric shares have climbed 17 percent since the beginning of the year.

  • BALA CYNWYD, Pa. _ Entercom Communications Corp. on Monday reported first-quarter net income of $4.4 million, after reporting a loss in the same period a year earlier. Entercom Communications shares have increased 1 percent since the beginning of the year. Keywords: Entercom Communications, Earnings Report.

  • May 2- Drugmaker Regeneron Pharmaceuticals Inc said on Monday its experimental drug to treat moderate-to-severe osteoarthritis pain was successful in a late-stage study. The drug, fasinumab, was tested on 421 patients with a history of inadequate pain relief or intolerance to current painkillers. The U.S. Food and Drug Administration placed fasinumab and...

  • OMAHA, Neb.— Investor Warren Buffett says Valeant Pharmaceuticals' practices were flawed, so he declined to invest Berkshire Hathaway's money in the company. Buffett appeared on CNBC Monday after meeting with Berkshire Hathaway shareholders over the weekend. Current and former Valeant officials were grilled by Congress last week over the company's...

  • VANCOUVER, British Columbia _ MFC Bancorp Ltd. on Monday reported a loss of $111.8 million in its fourth quarter. The company, based in Vancouver, British Columbia, said it had a loss of $1.77 per share. For the year, the company reported a loss of $487.6 million, or $7.72 per share, swinging to a loss in the period.

  • DUBAI, May 2- Saudi Arabia's government has authorised the housing ministry to seek the assistance of Britain, France and China in building hundreds of thousands of homes to ease a shortage of affordable housing in the kingdom. The housing minister and his deputy were given the power to sign memorandums of understanding with those countries, the official Saudi...

  • HOUSTON _ Sysco Corp. on Monday reported fiscal third-quarter earnings of $217.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Sysco shares have climbed 12 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 1 percent.

  • OMAHA, Neb.— Investor Warren Buffett says choosing the next president will be important for the world, but it won't derail the U.S. economy. Over the weekend he spent several hours answering questions at Berkshire Hathaway's annual shareholder meeting. Buffett supports Democrat Hillary Clinton, but he says choosing the wrong president won't damage the economy.

  • LONDON, May 2- Oil prices edged back from 2016 highs on Monday as rising production in the Middle East outweighed a decline in U.S. output and a sliding dollar. Iraq's April exports from southern fields increased, as did seaborne exports from Russia, the biggest exporter outside OPEC. Brent was trading at $47.20 per barrel at 1130 GMT, down 17 cents from its last...

  • For G7 member Canada, a major oil and natural gas producer, an oil price fall of some 70 percent since mid-2014 means economic pain, but the Canadian energy minister said that the slump also opened up an opportunity. "In the case of Canada, we have tabled a budget in the House of Commons that will invest significantly in this transition through electric vehicles,...

  • While Britain's market was closed Monday, Germany's DAX was up 1 percent at 10,142.82 and France's CAC 40 was up 0.6 percent at 4,454.81. The U.S. benchmark contract for crude oil was down 7 cents at $45.85. Earlier, stocks in Japan led Asia lower as investors reacted with disappointment to the Bank of Japan's decision to not provide more monetary stimulus.

  • GAITHERSBURG, Md. _ BroadSoft Inc. on Monday reported a loss of $1.5 million in its first quarter. Seven analysts surveyed by Zacks expected $71.7 million. For the current quarter ending in July, BroadSoft expects its per-share earnings to range from 25 cents to 40 cents.

  • HELSINKI— A Norwegian investigator says the oil-rig helicopter that crashed in Norway, killing 13 people, gave no mayday call or indicated it was in trouble. Kare Halvorsen from Norway's Accident Investigation Board says Monday their probe has shown no such evidence, but he declined to speculate on the cause of the accident. The victims— 11 Norwegians, one Briton...

  • RADNOR, Pa. _ Marinus Pharmaceuticals Inc. on Monday reported a loss of $7.2 million in its first quarter. Marinus Pharmaceuticals shares have fallen 28 percent since the beginning of the year. Keywords: Marinus Pharmaceuticals, Earnings Report.

  • PARSIPPANY, N.J. _ Pacira Pharmaceuticals Inc. on Monday reported a first-quarter loss of $3.9 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. Three analysts surveyed by Zacks expected $66.9 million.

  • *Dollar recovers after touching 18- month low of 106.14 yen. *London markets closed, eyes on RBA meeting Tuesday. LONDON, May 2- The dollar recovered slightly on Monday from its biggest weekly fall in more than seven years against the yen, while losing ground against a euro helped by solid set of manufacturing numbers from Germany.

  • AKRON, Ohio _ Myers Industries Inc. on Monday reported a first-quarter loss of $3.4 million, after reporting a profit in the same period a year earlier. The Akron, Ohio- based company said it had a loss of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • OMAHA, Neb.— Investor Warren Buffett says he would be willing to sell Berkshire Hathaway's big investments in American Express, Coca-Cola and other companies if he found a significantly better option, but he still believes in those companies. Buffett's Berkshire Hathaway Inc. has held major stakes in American Express and Coca-Cola for decades, so the company...

  • *Oil prices were down about 0.6 percent, retreating from the year's high, as higher production in the Middle East more than offset declines in the United States. *Data released on Sunday showed China's manufacturing sector expanded marginally in April, missing estimates and raising doubts about the sustainability of a recent economic improvement in the...

  • DALLAS _ The Howard Hughes Corp. on Monday reported first-quarter net income of $143.8 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Dallas- based company said it had net income of $2.69. This story was generated by Automated Insights using data from Zacks Investment Research.