Business

Achillion Gets Shot in Arm From Hepatitis C Drug Study

Achillion Pharmaceuticals climbed in premarket trading Friday after the company reported promising results from a small clinical trial of an experimental hepatitis C drug.


Deere Laying Off 600 Workers

Deere & Co. is cutting 600 workers at agricultural equipment factories, as well as imposing temporary layoffs at the affected locations.


SuperValu Hacked, Customer Data May Be Compromised

Supervalu is investigating a potential data breach that may have affected more than 180 stores across the U.S.


J.C. Penney Posts Upbeat Earnings

J.C. Penney sees its turnaround gaining momentum after the troubled department store chain posted second-quarter results that exceeded Wall Street estimates.


Monster Beverage Sells 17 Percent Share to Coca-Cola for $2.15 Billion

Coca-Cola bought a 17 percent stake in energy drink maker Monster Beverage for $2.15 billion Thursday in an attempt to boost its sagging sales.


Icahn Ups Stake in Gannett, Favors Split

Gannett Co. announced plans to split off its print division before activist investor Carl Icahn could start pushing the media company in that direction, according to a regulatory filing.


Lehman's Unsecured Creditors to Get Payout

Unsecured general creditors of Lehman Brothers will get $4.6 billion in an initial round of payouts from the bankrupt investment bank next month.


GE in Talks to Sell Storied Appliance Division

General Electric confirmed it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment.


Berkshire Hathaway Shares Top $200,000

Class A shares of Warren Buffett's Berkshire Hathaway topped $200,000 for the first time Thursday.


Wal-Mart Stores Cuts Profit Outlook

Wal-Mart Stores cut its annual profit outlook on Thursday amid slow sales, higher health care costs and the need to invest more in its online operations.


Virgin America Attendants Vote to Unionize

Flight attendants at Virgin America became the first group of union workers at the airline as the voted to be represented by the Transport Workers Union of America.


Deere Bogs Down as Ag Sector Weakens

Deere's CEO said the company will be scaling back for the remainder of the year to bring production in line with demand as the farm economy goes soft.


WellPoint Changing Name to Anthem

WellPoint said the Anthem name it used previously is the best brand to go by in a consumer-focused market.


Macy's Posts Profit, Cuts Outlook

Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year, but shares tumbled in pre-market trading.


Constellation Buys Casa Noble Tequila

Constellation, a New York state wine and liquor company, is buying Casa Noble tequila as it looks to tap growing demand for the Mexican tipple.


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