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Google shares hit record high, find favor on Street
SAN FRANCISCO - Google Inc shares set an all-time high on Monday, with the Web giant's reliable advertising business back in vogue among Wall Street investors disenchanted with younger social media companies.
Questcor reveals U.S. probe of marketing, shares dive
- Questcor Pharmaceuticals Inc said it was being investigated by a U.S. agency over its promotional practices, sending its shares sliding by a third just days after Aetna cut back reimbursements for Acthar, the company's main drug.
Valeant buys Visudyne drug from QLT; QLT stock jumps
TORONTO - Valeant Pharmaceuticals International Inc said on Monday it has acquired Visudyne, a drug used to treat age-related blindness, from Canadian biotech firm QLT Inc for $112.5 million.
Facebook shares drop after Barron's snub
SAN FRANCISCO - Facebook shares dropped on Monday after financial weekly Barron's questioned the social networking company's value and priced its stock at just $15.
Peregrine says lung cancer trial data erroneous, shares sink
- Peregrine Pharmaceuticals Inc on Monday warned of discrepancies in the results of a mid-stage lung cancer trial, the second time in six months the drugmaker has got into trouble over its data, wiping off more than three-quarters of its market value.
U.S. coal company shares fall on downgrades
- Shares in U.S. coal companies, which have been buoyed recently by positive global economic news, fell on Monday after Bank of America cut the ratings for two major coal miners.
Shares slump as coal miner Bumi probes irregularities
MOSCOW/JAKARTA - Bumi Plc , the London-listed miner part-owned by Indonesia's influential Bakrie family, has launched an urgent investigation into potential financial irregularities at its subsidiaries, sending its shares down more than 30 percent.
Jefferies shares drop sharply on weak operating results
- Jefferies Group Inc , an investment bank, reported quarterly banking and trading revenue below some analysts' forecasts, a sign that the summer was likely also rough for its bigger competitors, and the bank's shares fell 6.6 percent.
Dehaier Medical wins three-year supply contract, shares up
- China-based Dehaier Medical Systems Ltd said a medical equipment manufacturer in Ukraine signed a three-year contract to buy its air compressors and customized trolleys.
Shares of Trulia soar in NYSE debut
- Trulia Inc shares surged more than 40 percent in the online real estate listing service's market debut on Thursday, as investors bet on an improvement in the housing market and growth of the company's mobile business.
No related earnings announcements are currently scheduled within the next 7 days.