George Scangos, the chief executive of Biogen Idec Inc , is uncomfortable in the well-appointed office he inherited when he took the top job last July.
U.S. import prices rose at a slower pace in April as petroleum and food cost increases moderated, supporting views the recent jump in commodity prices was likely to be transitory.
LinkedIn Corp has priced its closely watched initial public offering at a bargain compared to rivals such as Renren Inc and Facebook, underscoring growing caution over social media valuations.
LinkedIn Corp, the social site for business professionals, is hoping to cash in with investors eager to gobble up shares in social networking companies such as Facebook, with a public debut valuing the company at more than $3 billion.
McDonald's Corp posted a better-than-expected 6 percent rise in April sales at established restaurants, helped by menu price increases that helped offset higher costs for beef and other ingredients.
Oil's sharp slide this week is welcome because high prices may hurt the world economy and in the longer term accelerate the use of alternative fuels, OPEC delegates said on Friday.
Jefferies & Co. upgraded its rating on shares of Demand Media Inc (NYSE: DMD) to buy from hold based on strong first quarter results, with a price target of $22.
Kraft Foods Inc reported a better-than-expected first-quarter profit on Thursday, helped by price increases and cost savings.
A tripling of profits by General Motors Co was marred by incentives to lift car sales, raising doubts about the automaker's ability to maintain momentum since emerging from bankruptcy.
The price of crude oil plummeted almost 9 percent to finish below $100 per barrel – the largest one-day percentage drop in more than two years – on growing worries about the U.S. economy.
Less is more at Con-way Inc .
Jefferies & Co. initiated coverage of AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) with a buy rating and a price target of $27, implying 41 percent upside.
Kellogg Co reported a lower-than-expected quarterly profit, hurt by higher costs for ingredients and more spending on advertising, sending its shares down 1.6 percent on Wednesday.
Glencore International on Wednesday unveiled details of an initial public offering in which it will look to raise as much as $11 billion.
Jefferies & Co. upgraded its rating on shares of ValueClick Inc. (NASDAQ: VCLK) to buy from hold and increased its price target to $20 from $17, based on improving fundamentals and lower risk profile.
Commodities trading house Glencore has priced its long-awaited public offering at between 480 and 580 pence per share, valuing the company at $60 billion at the mid-point of the price range.
Glencore International AG has set the price range for its London and Hong Kong IPO, seeking to raise as much as $12.6 billion, including an overallotment option, three sources told Reuters on Wednesday.
Anheuser-Busch InBev, the world's largest brewer, increased revenue and profit in the first quarter as price hikes more than offset lower volumes caused by U.S. unemployment and flooding in Brazil.
Jefferies & Co. raised its price target on shares of Autodesk, Inc. (NASDAQ: ADSK) to $47 from $42, while maintaining its hold rating. The brokerage raised its fiscal 2012 EPS estimate for Autodesk to $1.73 on revenue of $2.21 billion from $1.62 on revenue of $2.156 billion, and its 2013 estimate to $2.08 on revenue of $2.474 billion from $1.93 on revenue of $2.381 billion.
Chevron Corp , the second-largest U.S. oil company, reported a larger-than-expected 36 percent rise in earnings on Friday, as oil prices surged and refining improved along with global fuel demand.
Consumer sentiment rose in April as the sharp increase in gasoline prices was viewed as being temporary, a survey released on Friday showed.
Chevron Corp , the second-largest U.S. oil company, reported a 36 percent jump in quarterly earnings as oil prices surged and refining profits improved along with the global economy.
