Cavium Inc., up $8.19 to $84.02. Merck& Co., down $1.10 to $54.10. The company will invest $2.88 billion in Sun Art, which runs hundreds of supermarkets across China, taking a 36 percent stake.
MELVILLE, N.Y. _ FalconStor Software Inc. on Monday reported third-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier. The Melville, New York- based company said it had profit of 2 cents per share. A year ago, they were trading at 66 cents.
TEMPE, Ariz. _ Amtech Systems Inc. on Monday reported fiscal fourth-quarter net income of $7.3 million, after reporting a loss in the same period a year earlier. For the current quarter ending in January, Amtech said it expects revenue in the range of $60 million to $70 million. Amtech shares have more than tripled since the beginning of the year.
HONG KONG _ China Cord Blood Corp. on Monday reported fiscal second-quarter net income of $10.2 million. The Hong Kong- based company said it had profit of 9 cents per share. China Cord Blood shares have risen 80 percent since the beginning of the year.
U.S. stocks rose Monday as a mix of smaller, U.S.-focused companies, technology firms and banks all advanced. Drugmakers struggled, which limited those gains. The Russell 2000 index of smaller-company stocks jumped 10.57 points, or 0.7 percent, to 1,503.40.
SANTA CLARA, Calif. _ Agilent Technologies Inc. on Monday reported fiscal fourth-quarter profit of $177 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. Seven analysts surveyed by Zacks expected $1.17 billion.
WATERTOWN, Mass. _ Enanta Pharmaceuticals Inc. on Monday reported fiscal fourth-quarter net income of $36.5 million, after reporting a loss in the same period a year earlier. The Watertown, Massachusetts- based company said it had profit of $1.86 per share. Enanta Pharmaceuticals shares have climbed 48 percent since the beginning of the year.
AT&T' CONFIDENT' COURT WILL REJECT U.S.
NEW YORK, Nov 20- U.S. stocks rose on Monday, with Verizon boosting the telecoms sector after the stock got an upgrade, while a deal in semiconductors lifted high-performing tech shares. With no major earnings or economic data scheduled this week, trading volumes were thin and expected to get even quieter leading up to the Thanksgiving holiday on Thursday and an...
AT&T ON EXPECTED JUSTICE DEPARTMENT LAWSUIT CHALLENGING TIME WARNER MERGER:' TODAYS DOJ LAWSUIT IS A RADICAL AND INEXPLICABLE DEPARTURE FROM DECADES OF ANTITRUST PRECEDENT'- STATEMENT.
SANTA CLARA, Calif. _ Palo Alto Networks Inc. on Monday reported a loss of $64 million in its fiscal first quarter. Thirteen analysts surveyed by Zacks expected $488.4 million. Analysts surveyed by Zacks had expected revenue of $521 million.
NEW YORK— The Justice Department intends to sue AT&T to stop its $85 billion purchase of Time Warner, according to a person familiar with the matter who was not authorized to discuss the matter ahead of the suit's official filing. The telecom giant's CEO Randall Stephenson said earlier this month that he would not sell "key franchises" of Time Warner to get the deal...
NEW YORK, Nov 20- Global equities markets advanced on Monday as confidence over economic growth around the world helped investors brush off concerns about the collapse of government coalition talks in Germany, which sent the euro lower against the U.S. dollar. In the latest indication of global growth, the central bank in Germany said the German economy is...
Net loss widened to $64 million, or 70 cents per share, in the first quarter ended Oct. 31 from $56.9 million, or 63 cents per share, a year earlier. Revenue rose to $505.5 million from $398.1 million. The company also named Kathy Bonanno chief financial officer.
PHILADELPHIA _ Urban Outfitters Inc. on Monday reported fiscal third-quarter profit of $45.1 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Ten analysts surveyed by Zacks expected $857.5 million.
DENVER— The Latest on a $8.9 million fine issued by Colorado regulators against Uber's parent company:. Colorado has fined Uber's parent company $8.9 million for allowing employees with serious criminal or motor vehicle offenses to work for the company. The Colorado Public Utilities Commission said Monday that it found that nearly 60 Uber drivers were...
MOUNTAIN VIEW, Calif. _ Intuit Inc. on Monday reported a loss of $17 million in its fiscal first quarter. Seven analysts surveyed by Zacks expected $855 million. Analysts surveyed by Zacks had expected revenue of $1.12 billion.
TORONTO, Nov 20- Canada's benchmark stock index edged up to a one-week high on Monday as financial and consumer discretionary shares gained ground, while energy and mining stocks were pressured by lower commodity prices. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 5.83 points, or 0.04 percent, at 16,004.40.
Nov 20- Chile's peso currency and benchmark IPSA stock index fell on Monday after market-friendly presidential candidate Sebastian Pinera garnered less support than expected in the country's election. Chileans voted for a successor to outgoing center-left President Michelle Bachelet on Sunday. Mexico's stock market as well as stock and currency...
NEW YORK, Nov 20- U.S. stocks rose on Monday with Verizon lifting the telecoms sector after the stock got an upgrade, while a deal in semiconductors boosted high-performing tech shares.