Philips Electronics Considers Acquisitions
Philips Electronics (NYSE: PHG), the world's largest lighting maker, confirmed its stated financial targets on Thursday and also said it is reviewing a number of possible acquisitions.
Movado Shares Fall on Weak Outlook
Shares in luxury watch maker Movado Group, Inc. (NYSE: MOV)posted a steep decline on Thursday, after the company's profit exceeded expectations for the fourth quarter but lowered its earnings outlook for 2008.
UTi Tumbles on Missed Expectations
Shares in logistics firm UTi Worldwide Inc. (Nasdaq: UTIW) tumbled Thursday after the logistics firm reported that it’s earnings four the fiscal fourth quarter were short of expectations.
Targeted Genetics Beats Expectations, Shares Rally
Shares of biotech firm Targeted Genetics Corp. (Nasdaq: TGEN) shot up Thursday it announced that fourth quarter revenues more than doubled.
US Steel Rises, Lone Star Rockets on Acquisition
Shares of U.S. Steel Corp. (NYSE: X) rose moderately and Lone Star Technologies, Inc. (NYSE: LSS) rocketed Thursday, after an announcement by U.S. Steel that it had agreed to buy Lone Star.
CV Therapeutics Shares Fall on Downgrade
Shares of CV Therapeutics Inc. (Nasdaq: CVTX) fell on Wednesday, after Citigroup downgraded the firm.
Suncor Shares Get Boost from Upgrade
Shares of Suncor Energy (NYSE: SU) rose Wednesday after a Deutsche Bank analyst upgraded the firm from Hold to a Buy.
Sigma Designs Shares Hit by Downgrade
Shares of Sigma Designs fell sharply Wednesday after an analyst cut his rating on the stock.
Paper: Microsoft May Buy DoubleClick
Software giant Microsoft Corp. (Nasdaq: MSFT) is reportedly in talks to buy online advertising firm, DoubleClick Inc., according to the Wall Street Journal.
H.B. Fuller Shares Rise on Improved Outlook
Shares of chemical products maker HB Fuller posted steep gains Wednesday, after the company reported strong first quarter earnings and boosted its earnings outlook.
Beazer Shares Slump on Federal Probe
Shares of Beazer Homes USA Inc. (NYSE: BZH) fell more than 9 percent on Wednesday, after the company announced it had the FBI began an investigation related to the firm's mortgage business.
Accenture Shares Rise on Stronger Outlook
Shares in technology consulting firm Accenture Ltd. rose on Wednesday (NYSE: ACN), one after the company posted strong second quarter the day before, beating estimates and raising its yearly outlook.
AngioDynamics Shares Drop on Weak Earnings
Therapeutic device maker AngioDynamics (NASDAQ: ANGO), posted weaker than expected earnings on Wednesday, sending shares of the firm plummeting.
Stocks Drop on Bernanke Inflation Remark
Stocks slid further Wednesday after Federal Reserve Chairman Ben Bernanke appeared to chide investors who may have looked past concerns about inflation following Fed comments last week. The Dow Jones industrials fell more than 100 points.
Bernanke: Mortgage Woes Not Spreading
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that growing troubles in the market for risky mortgages thus far doesn't appear to be spreading to the overall economy but the situation bears close watching.
Big-Ticket Orders Rebound in February
Orders to factories for big-ticket manufactured goods rose modestly in February, helped by a rebound in sales of commercial aircraft and autos. Durable goods demand rose by 2.5 percent last month after having plummeted by 9.3 percent in January.
GameStop Shares Close Higher on Strong Earnings
Video game and accessories retailer GameStop Corp. (NYSE: GME) posted earnings on Tuesday, stating same-store sales jumped more than 26 percent in the quarter.
Martha Stewart Shares Ralliy on Ratings Upgrade
Martha Stewart Living Omnimedia (NYSE: MSO) shares rallied on Tuesday, responding to an upgrade from investment bank, Bear Stearns.
Nuvelo Rallies on Drug's ‘Fast-Track' Status
Shares of Nuvelo, Inc. (Nasdaq: NUVO) skyrocketed on Tuesday following news that drug maker's cancer drug was granted 'fast-track' status by the U.S. Food and Drug Administration.
CBRL Shares Drop After Weaker Winter Sales
CBRL Group, Inc. shares were down significantly on Tuesday after it reported poor March sales due to bad winter weather at its Cracker Barrel Old Country Store restaurants and gift shops.
Regeneron Shares Rocket on Study Results
Shares of Regeneron Paharmaceuticals, Inc. (Nasdaq: REGN) soared Tusday after initial results of a study involving treatment to prevent a leading cause of age-related acquired blindness showed significant results.
Lennar Shares Dip After Profit Plunges
Shares of U.S. home builder Lennar Corp. (LEN) hit a 5 month low on Tuesday after the firm posted a 74 percent profit loss and gave a gloomy outlook this morning.
Vonage Shares Drop on Citi 'Sell' Dowgrade
Shares of Internet telephony company Vonage Holdings Group (NASDAQ: VG) tumbled this morning following a downgrade from Citigroup.
Alexza Shares Skyrocket on Drug Trial Results
Drug maker Alexza Pharmaceuticals, Inc. (Nasdaq:ALXA) said that two of its drugs for treating schizophrenic patients showed positive initial results in clinical trials, sending its shares skyrocketing.
Alcatel Lucent Shares Surge on Verizon Contract
Shares of Alcatel Lucent, the world's largest telecommunications equipment maker, surged Monday after the company was awarded a 3 year, $6 billion contract from Verizon, Inc. (NYSE: VZ) to expand the company's wireless networks.
Agere Shares Dip on Lower Outlook
Semiconductor firm Agere Systems Inc. (NYSE: AGR) cut its second quarter earnings outlook on Monday, citing weaker business from several of its networking and storage customers.v
Boston Sci Shares Down, Abbot Up on Stent Report
Shares of Boston Scientific (NYSE: BSX) dropped to their lowest price since 2002 on Monday, while shares of Abbott laboratories (NYSE: ABT) rose after a medical study showed that Abbot's stent device was better at treating clogged heart arteries.
Biosite Shares Soar on Beckman Coulter Acquistion
Shares of heart Biosite Inc. (Nasdaq: BSTE) skyrocketed more than 50 percent on Monday after biomedical lab instrument maker Beckman Coulter Inc. (NYSE: BEC) said it would acquire the firm for $1.55 billion.
Vonage Confident of Appeal, Shares Up Sharply
Internet telephony company Vonage Holdings Corp. (Nasdaq: VG) issued a statement on Monday declaring its confidence that it will prevail in its appeal against an injunction issued last week.
Dell Rallies on Upgrade
Shares of computer maker Dell (Nasdaq: DELL) rallied today after investment bank Goldman Sachs upgraded the firm from to a buy rating from its previous neutral rating.