UNENF

Japanese market trades notably higher

Tracking positive cues from Wall Street, the Australian market is trading modestly higher on Monday with investors picking up select blue chip stocks from across various sectors. After a bright start, the market lost its way for a while before recovering swiftly on the back of some strong buying at lower levels at a few [...]

In less than a week, the Food and Drug Administration will take a final decision on Questcor Pharmaceuticals Inc.’s (QCOR) H.P. Acthar Gel for the proposed expanded indication of infantile spasms.

Blackstone Group LP (BX) and Warburg Pincus L.P., the private equity owners of Kosmos Energy LLC, are considering taking the oil company public as an alternative to a sale of the company, the Financial Times reported Thursday. A potential public offering of Texas-based Kosmos in either the U.S. or U.K. could value the company at [...]

Walt Disney Co. (DIS) and cable operator Time Warner Cable Inc. (TWC) said Thursday that they have reached a new long-term expanded programming deal that will keep Disney’s broadcast and cable channels on Time Warner Cable, ending several weeks of tense negotiations. Financial terms of the deal, reached after an early Thursday deadline, were not [...]

Independent oil and gas company Denbury Resources Inc. (DNR) said Thursday that the company and Encore Energy Partners LP (ENP) have terminated the previously announced consideration of a sale or other asset transaction regarding the Elk Basin Field.

Family Dollar Stores Inc., an operator of self-service retail discount stores, Thursday reported higher comparable store sales for the fourth quarter of fiscal 2010. Quarterly net sales rose 8% year-over-year and came in above Wall Street analysts’ forecast.

British drug maker AstraZeneca plc ( AZN, AZN.L) Thursday announced that the European Commission approved once-daily Seroquel Extended Release tablets as an add-on treatment of major depressive episodes in patients with Major Depressive Disorder or MDD, who have not responded well to antidepressant monotherapy.

Discovery Communications, Inc. (DISCA) on Wednesday issued a statement in response to the hostage crisis at the company’s headquarters in the Silver Spring suburb near Washington D.C. earlier in the day.

While economists have offered several reasons why the labor market remains weak even amid signs of a broader economic recovery, the results of a study released Wednesday may show the best reason for executives to cut jobs: it pays. The report released by the Institute for Policy Studies showed that the CEOs of the fifty [...]

Genzyme Corp. (GENZ) and Isis Pharmaceuticals Inc. (ISIS) reported Wednesday that their investigational cholesterol-reducing drug Mipomersen met all study goals in a late-stage trial in patients with heterozygous familial hypercholesterolemia, or heFH.

The Federal Deposit Insurance Corp. said Tuesday that the number of troubled banks kept growing in the second quarter of 2010, even as banks reported the best quarterly earnings for the industry in nearly three years.

Financial services giant JPMorgan Chase & Co. (JPM) is reportedly looking to close down its proprietary-trading desks around the globe that trades stocks, bonds and commodities as the bank strives to fall in line with the regulatory changes in U.S. financial services rules. It is said to have given notice about 20 of its proprietary-commodities [...]

SeaDrill Ltd., an offshore deepwater drilling company, Tuesday reported a decline in its profit for the second quarter despite higher revenues. The decline reflected higher operating costs and tax expenses as well as a loss on derivative financial instruments.

Walt Disney Co. (DIS) and cable operator Time Warner Cable Inc. (TWC) said Sunday that they have made “significant progress” in resolving their issues over programming fees and were focusing attention on reaching an agreement prior to the September 2 deadline, when the two companies’ existing contract expires.