IBT Staff Reporter

152371-152400 (out of 154943)

FedEx to Acquire Hungarian Delivery Partner

As part of its Eastern Europe expansion strategy, FedEx Corp. (NYSE: FDX) said Thursday that it has signed an agreement to acquire Flying-Cargo Hungary Kft., its Hungarian global service participant.

Judge Bars Vonage from Signing Up New Customers

A federal judge has barred Internet phone company Vonage Holdings Corp. (NYSE: VON) from signing up new customers as it appeals a ruling that it infringed upon Verizon Communications, Inc. (NYSE: VZ) patents.

Agilent to Buy Stratagene

Agilent Technologies Inc. (NYSE: A) said on Friday that it has signed an agreement to acquire Stratagene Corp. (NASDAQ: STGN), a manufacturer of specialized life science research and diagnostic products.

Cutera Lowers Guidance, Shares Tumble

Shares of laser skin treatment company Cutera Inc. (NASDAQ: CUTR) fell sharply on Thursday, after the firm lowered its earnings and revenue estimates for its first fiscal quarter.

Epoch's Assets Grow 22 Percent

Epoch Holding Corp.(NADAQ: EPHC) said on Thursday that that its assets under management in its investment arm increased 22 percent during the first three months of 2007.

Encorium Shares Rise on New Contracts

Pharmaceutical and biotechnology company Encorium Group, Inc. (Nasdaq: ENCO) said on Thursday that it received a number of new contracts, with an aggregate value of $4.7 billion.

Bonnell Steps Down from Atari

Atari Inc. (Nasdaq: ATAR) announced today that its Chief Creative Officer, and acting Chief Financial Officer, will resign, effective immediately.

Monsanto Profit, Shares Up on Ethanol Demand

Seed company Monsanto Co., (NYSE: MON) posted a net income for its fiscal second quarter higher than analysts’ expectations on Wednesday on strong sales of corn seed as U.S. farmers begin to fill the anticipated need for corn-based ethanol fuel.

Best Buy Shares Drop Despite Strong Quarter

Shares of Best Buy Col., Inc. (NYSE: BBY) dropped on Wednesday, despite a quarterly report from the electronics retailer showing strong profit in the fourth quarter due to strong sales of flat panel TVs.

News Corp completes Buyout of FPC

News Limited, the Australian arm of News Corporation, has completely acquired the newspaper, magazine and online assets of Federal Publishing Company (FPC) for an undisclosed amount on Monday.

Silicon Motion Hires New CFO

Semiconductor company Silicon Motion Corp. (Nasdaq: SIMO) announced that it hired a new Chief Financial Officer on Tuesday.

Computer Sciences Rises on Federal Contracts

Shares of information technology services company Computer Sciences Corp. (NYSE: CSC) rallied in morning trading Monday after the firm said it had signed $1.28 billion in previously unannounced federal contracts.

Ebay Rallies on Analyst Outlook Upgrade

Shares of online auctioneer Ebay Inc. (Nasdaq: EBAY) rose over 3 percent in Tuesday trading after a Wall Street analyst boosted the company’s revenue and earnings outlook for the firm’s first quarter.

Drug Maker Cephalon Rises on Upgrade

Shares of drug maker Cephalon (NASDAQ: Cephalon) jumped in Monday trading as a Wall Street Brokerage Firm raised the rating of the stock on Monday despite a delay in approval for a new drug.

Novavax Shares Leap on Flu Test Results

Shares of biotechnology firm Novavax (Nasdaq: NVAX) leaped in morning trading following an announcement that its vaccine against avian flu seems effective in small animals.

PMC Sierra to Cut Jobs, Close R&D Centers

PMC-Sierra (NASDAQ: PMCS), maker of storage and broadband semiconductors announced a cost reduction initiative late Thursday, with plans to cut jobs and close offices to reduce operating expenses by $20 million to $24 million a year.

Checkpoint Shares Jump on Strong Earnings

Retail security firm Checkpoint Systems, Inc. (NYSE: CKP) announced results for its fiscal fourth quarter on Friday, posting an earnings increase of 93 percent on higher volumes in its core business and foreign exchange.

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