US News

Part of Its “Back-to-Basics” Plan SmartPros Ltd. (Nasdaq:SPRO), an accredited professional education and corporate training, today released an update regarding its “Back to Basics” plan. The plan includes “reducing staffing in certain areas; closing, selling or reducing certain verticals of our business; and re-purposing resources to areas”. Allen Greene...

Manufacturer of Ground Support Equipment for the Aviation Industry Curtiss-Wright Corporation (NYSE:CW) today announced that it has sold the assets of its Douglas Equipment (Douglas) business to a subsidiary of Textron Inc. (NYSE:TXT). “This transaction aligns with our stated objective to divest non-core operations as part of our previously outlined operating margin improvement...

The share price of industrial giant Alcoa (NYSE:AA) was up 2.0% yesterday in after-hours trading following the late afternoon release of its Q4 2014 results. Sentiment continued to be strong in pre-trading hours this morning, as it gained another 1.3%. Following a high of 16.53 shortly after 9:30 a.m. EST, the share price has receded […]

AG-120 would be the second investigational medicine licensed by Celgene Agios Pharmaceuticals, Inc. (Nasdaq:AGIO), a firm focused on cancer metabolism and rare genetic disorders of metabolism, today announced that its collaboration partner Celgene Corporation has agreed that it will exercise its option to obtain an exclusive license outside the United States for AG-120, a first-in-class...

Target Markets Include Solvents and Specialty Chemicals Gevo, Inc. (Nasdaq:GEVO), the world’s only commercial producer of renewable isobutanol, announced it has launched sales of renewable isobutanol to Brenntag Canada Inc., a member of the Brenntag group companies for distribution into the solvents, oil & gas, mining and specialty chemicals markets. The initial market entry is...

Reports Fourth Quarter Same Store Sales Decrease of 0.5% – Narrows Fourth Quarter Earnings Guidance to a Range of $0.14 – $0.16 per Diluted Share, Including Charges of $0.03 Big 5 Sporting Goods Corporation (Nasdaq:BGFV), a leading sporting goods retailer, today reported sales results for the fiscal 2014 fourth quarter and full year ended December […]

Get the lowdown on the new man in charge of finances Arrhythmia Research Technology, Inc. (NYSE MKT:HRT), operating through its wholly-owned subsidiary, Micron Products, Inc., a manufacturer of highly engineered, complex components, devices and equipment for OEM customers announced today the appointment of Mr. Derek T. Welch as the Company’s Chief Financial Officer effective January...

What is going on? On January 5, 2015, Asta Funding, Inc. (Nasdaq:ASFI), a consumer receivable asset management and liquidation company, received a staff determination letter from the Nasdaq stating that the Company was not in compliance with its rules for continued listing, Rule 4310(c)(14), because it has not timely filed its Annual Report on Form […]

I noticed something strange as I browsed the financial news whilst enjoy my morning coffee. In London, Tesco’s share price (LSE:TSCO) had risen nearly 15%, partly on the report of good December sales and partly because CEO Dave Lewis had announced plans to close 43 of its stores in the UK. Then, “what before my […]

BP contributes $143 billion to US economy and supports nearly 220,000 jobs BP’s business activities in the US helped generate close to $143 billion in economic impact in 2013 and currently support nearly 220,000 American jobs, according to the company’s US Economic Impact Report 2014. Released today, BP’s new report provides a detailed, state-by-state look […]