Vonage Shares Fall on Bankruptcy Warning
Shares of Vonage Holdings Corp. (NYSE: VG) fell more than 6 percent on Wednesday after the company warned it could take itself into bankruptcy because of an ongoing legal dispute over patents with Verizon Communications Inc. (NYSE: VZ), according to a regulatory filing.
Seagate Shares Drop on Weak 3Q Results
Shares of Seagate Technology (NYSE: STX) fell in Wednesday trading after the computer hard drive maker posted weak quarterly profits the day before.
Goldman Sachs Downgrades IBM
International Business Machines Corp. (NYSE: IBM) was downgraded from a Buy to a Neutral rating by a Goldman Sachs (NYSE: GS) analyst after the firm reported its earnings for the first quarter on Wednesday.
Top U.S. Court Backs Ban on Abortion Procedure
The Supreme Court upheld the nationwide ban on a controversial abortion procedure Wednesday, handing abortion opponents the long-awaited victory they expected from a more conservative bench.
TD Ameritrade 1Q Profit Falls, Lowers Guidance
Shares of brokerage TD Ameritrade Holding Corp. (NASDAQ: AMTD) shed nearly 10 percent in Tuesday trading after the firm lowered its guidance for fiscal 2007 and first-quarter income fell 18 percent.
BCE Explores Options, Including Privatization
Canadian telecom giant, BCE Inc. (NYSE: BCE) revealed on Wednesday that it was exploring strategic alternatives to enhancing shareholder value, including the possibility of going private.
Northern Trust Reports 15 Pct. Higher 1Q Profit
Financial services firm Northern Trust Corp. (NASDAQ: NTRS) posted a 15 percent gain in its first-quarter net income on record trust, investment and other servicing fees the firm said Tuesday.
Jos A. Bank Rises on Strong Earnings, Sales
Shares of men's suit maker JoS A. Bank Clothiers, Inc. (NASDAQ: JOSB) rose Tuesday after the firm reported a stronger than expected annual profit.
Va. Tech President: Gunman Was A Student
Virginia Tech's president said Tuesday that a student was the gunman in at least the second of the two campus attacks that claimed 33 lives to become the deadliest shooting rampage in modern U.S. history.
Qantas Employees Worried Over Bidder’s Debt Plans
Qantas staff are worried about their employment security with the airline, according to a report, after Qanta’s bidder Airline Partners Australia (APA) revised a key condition of its takeover plan last week, which calls for the airline to take on more debt.
Tattersall's Gains Majority of AU Lottery Sales
Tattersall’s Ltd agreed to buy Golden Casket Lottery Corp. on Monday for $530 million, giving the firm a dominant position in Australian lottery sales.
Google to Acquire DoubleClick for $3.1 Billion
Internet search leader Google, Inc. (NASDAQ: GOOG) announced late Friday that it agreed to acquire online advertising service DoubleClick Inc. for $3.1 billion in cash.
Report: Sallie Mae In Takeover Talks
Shares of SLM Corp., the largest U.S. student loan provider, (NYSE: SLM) jumped on Friday after a published report said the firm is in talks with private equity groups for a possible sale of the company.
Piper Jaffray to Buy FAMCO for $66 Million
Investment bank Piper Jaffray Companies (NYSE: PJC) said on Friday that it agreed to acquire Fiduciary Asset Management, LLC (FAMCO) for about $66 million in cash, in a bid to enter the asset management business.
Merck Rallies on Dismissed Lawsuit
Shares of Merck & Co., Inc. (NYSE: MRK) jumped in Friday trading as a federal judge dismissed a class-action lawsuit over the company's pain reliever Vioxx.
Vonage CEO Steps Down; Firm to Trim Expenses
Shares of internet call provider Vonage Inc. (NYSE: VG) rose on Thursday after its CEO resigned and the firm said it would reduce expenses.
Allen Systems to Acquire Mobius
Shares of Mobius Management Systems Inc. (NASDAQ: MOBI) jumped on Thursday after it agreed to be acquired by Allen Systems Group, Inc. an enterprise software provider.
Ipsco Shares Surge on Takeover Talk
Steel maker Ipsco Inc.(NYSE: IPS), the second largest U.S. steel pipe maker for energy explorers, confirmed on Thursday that it is currently in discussions that could lead to a potential acquisition of the company.
Advanced Magnetics Rises on Positive Trial Results
Advanced Magnetics Inc.(NASDAQ: AMAG) announced Thursday positive results for a phase III study on its ferumoxytol treatment, an intravenous iron replacement for patients with kidney problems.
Big Lots Falls on ‘Hold’ Rating
Shares of closeout retailer Big Lot's Inc. (NYSE: BIG) fell today as one Wall Street brokerage initiated coverage of the company on Wednesday with a ‘hold’ rating.
Biolase Shares Plummet on Expected 1Q Loss
Shares of medical laser company Biolase Technology Inc. (NASDAQ: BLTI) tumbled on Wednesday after the company made a preliminary announcement of a first quarter loss.
American Medical Systems Plunges On Weaker Guidance
Shares of medical firm American Medical Systems Holdings, Inc. (NASDAQ: AMMD) plunged nearly 18 percent on Wednesday after the firm lowered its expectations for first quarter revenue.
Cell Therapeutics Cancer Drug Gets for Fast Track Status
Cell Therapeutics Inc. (NYSE : CTIC) announced on Wednesday that its cancer drug Xyotax qualified for fast track designation for the treatment of poor performance status women.
Manor Care Shares Jump on Potential Deal
Shares of health care provider Manor Care Inc. (NYSE: HCR) jumped on Wednesday following an announcement that it enlisted help from a Wall-Street brokerage to increase share holder value.
Mylan Labs Raises 2007 Forecast
Mylan Laboratories Inc. (NYSE: MYL) raised its full year earnings forecast on Tuesday, citing strong sales of its generic drugs and certain new products.
DivX Shares Rise on Higher 1Q Outlook
Shares of audio and video software firm DivX Inc. (Nasdaq: DIVX) rose on Tuesday after the company raised its revenue outlook for the first quarter of 2007.
Shares of Autodesk Rally on Upgrade
Shares of software maker Autodesk (Nasdaq: ADSK) rallied Tuesday as Goldman Sachs upgraded the firm from a neutral rating to a buy.
Conexant Tumbles on Weaker 2Q Revenue
Semiconductor company Conexant Systems Inc. (Nasdaq: CNXT) said on Monday that its second-quarter revenue fell 18.5 percent from the previous quarter, sending shares tumbling.
Schnitzer Steel Reaches New High on Strong 2Q Profit
Shares of Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) rose to an all time high on Monday as higher volumes and margins in its metals recycling business, sent second-quarter profits up nearly 33 percent.
Memory Pharma Rockets on Clinical Trial Enrollment
Shares of drug maker Memory Pharmaceuticals Corp. (NASDAQ: MEMY), skyrocketed on Monday, after the company announced it had has completed enrollment for Phase IIa trials of its Alzheimer’s treatment on Thursday. The market was closed on Friday.
