5/9/2008 1:01:23 PM Friday morning, Xenos Group Inc. (XNS.TO - Stock Boards, Stock Quotes, Stock Charts ), a provider of high-performance software solutions, reported profit for the second quarter, compared to a loss in the prior year quarter, benefited by increase in sales ....
5/9/2008 12:56:51 PM Enzo Biochem, Inc. (ENZ - Stock Boards, Stock Quotes, Stock Charts ) said Friday that it has acquired substantially all of the U.S. based assets of BIOMOL International, LP and all of the stock of its two U.K. subsidiaries. The purchase price was $18 ....
5/9/2008 12:54:49 PM Shire plc (SHPGY - Stock Boards, Stock Quotes, Stock Charts ), a global specialty biopharmaceutical company, on Friday said that its shareholders approved the creation of a new UK listed, Jersey incorporated holding company for the group. As per the ....
Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc.(Stock Boards, Stock Quotes, Stock Charts ) and another worrisome spike in oil prices. The Dow Jones industrial average at times gave up more than 100 points.
Citigroup Inc.(Stock Boards, Stock Quotes, Stock Charts ) said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.
Clear Channel Communications(Stock Boards, Stock Quotes, Stock Charts ) Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.
Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most beer production to a new, high-tech plant in the Dublin suburbs by 2013.
Stocks fell on Friday after American International Group , the world's largest insurer, reported a record $7.8 billion quarterly loss, reviving concerns about the financial services sector.
Shares of national banks mostly rose Friday, though Citigroup Inc.(Stock Boards, Stock Quotes, Stock Charts ) shares slipped after the company disclosed that it plans to shed nearly $500 billion in assets.
Ameristar Casinos Inc. shares rose Friday as an analyst said the casino operator is the best-positioned in a difficult environment and upgraded the stock.
An analyst predicted a "smooth succession" for newly named Alcoa Chief Executive Klaus Kleinfeld, saying he expects him to make few radical changes to the aluminum maker.
U.S. stocks fell, sending the market to its first weekly drop in a month, as oil and metal producers retreated on concern the surge in commodity prices will end.
Citigroup Inc.(Stock Boards, Stock Quotes, Stock Charts ) Chief Executive Officer Vikram Pandit plans to ``wind down'' about $400 billion of assets over the next three years as part of his plan to return the biggest U.S. bank to profitability.
American International Group Inc.(Stock Boards, Stock Quotes, Stock Charts ) led the Dow Jones Industrial Average lower after the world's biggest insurer said it needs to raise $12.5 billion and may face more writedowns after two consecutive record quarterly losses.
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