Salesforce.com Second-Quarter Loss Widens on Expenses
Salesforce.com Inc. (CRM) posted a fiscal second-quarter loss as operating costs and stock-based expenses jumped, although the company's top-line growth and quarterly billings exceeded expectations.
Bristol-Myers Pulls Development Of Hep C Treatment
Bristol-Myers Squibb Co. said late Thursday it stopped developing an experimental hepatitis C treatment connected to the hospitalization of nine patients and the death of one.
GLOBE & MAIL: Las Vegas Sands CEO Adelson Meets Toronto Mayor Ford
Of THE GLOBE AND MAIL TORONTO (Globe and Mail)--Sheldon Adelson, the billionaire casino magnate and Republican megadonor, paid a personal visit to Toronto Mayor Rob Ford Thursday to talk about a potential new casino for the city.
Kodak to Shed Retail Print, Document Imaging Operations
As part of efforts to emerge from bankruptcy, Eastman Kodak said it plans to sell most of its consumer and document imaging businesses by mid-2013.
Treasury To Consult With Regulators On Money Funds
The Treasury Department late Thursday said it will consult with other federal regulators about money-market funds after Securities and Exchange Commission Chairwoman Mary Schapiro last night shelved a reform proposal.
U.S. Extends Review of WellPoint, Amerigroup Deal
The U.S. Department of Justice has extended its antitrust review of health insurer WellPoint Inc.'s (WLP) $4.46 billion plan to buy Amerigroup Corp. (AGP) while focusing on Amerigroup's Virginia operations, the Medicaid insurer disclosed late Thursday.
Qualcomm Buys DesignArt Networks, Increasing its Mobile Offerings
Qualcomm Inc. (QCOM) said it purchased chip maker DesignArt Networks, giving the company new system-on-chip and mobile offerings.
Corn, Soybeans Shed Value
In the wake of the worst drought in more than half a century, U.S. corn and soybeans shed value at Thursday's close.
NY Fed Ends AIG Maiden Lane Chapter With $6.6 Billion Profit
The Federal Reserve Bank of New York on Thursday sold the last toxic assets it acquired from the bailout of American International Group Inc. (AIG), closing the book on its most controversial intervention during the financial crisis with a large gain to taxpayers.
Salesforce.com Loss Widens on Expenses
Salesforce.com Inc.'s (CRM) fiscal second-quarter loss widened as the business-software maker recorded an increase in operating costs and other expenses, though core results topped its expectations.