Brazil Petrobras CEO Foster to Run International Operations
The chief executive of Brazil's government-run oil company, Petroleo Brasileiro SA (PBR, PETR4.BR), Maria das Gracas Silva Foster, will take over direct management of the firm's international operations, following the resignation of the current head of the unit, Jorge Luiz Zelada.
Texas Instruments 2nd-Quarter Net Down 34%
Texas Instruments Inc. (TXN) reported a 34% decline in second-quarter profits and predicted soft third-quarter results, saying an uncertain economic climate is leading to caution among the chip maker's customers and distributors.
STMicro Swings to Loss on Digital, Automotive Weakness
STMicroelectronics N.V. (STM, STM.FR, STM.MI) swung to a second-quarter loss as the semiconductor company saw softer results in its digital and automotive businesses. The Franco-Italian chip maker has now seen losses for three consecutive quarters, as it has faced declines in its wireless business,
VMware Pushes Deeper Into Data Center With Nicira Buy
VMware Inc. (VMW) pushed deeper into the data-center business Monday by agreeing to acquire networking company Nicira Inc. in a deal valued at $1.26 billion, one of its priciest purchases ever.
Pfizer Says Alzheimer's Drug Study Fails to Reach Goals
Pfizer Inc. (PFE) said its bapineuzumab, a highly anticipated potential treatment for Alzheimer's disease, failed to reach its set goals in its first of four Phase 3 studies.
Stanley Black & Decker To Buy Infastech
Stanley Black & Decker Inc. (SWK) has agreed to acquire Hong Kong-based fastener manufacturer Infastech from private equity groups for $850 million in cash, in a deal aimed at further expanding the acquisitive tool maker's footprint in Asia.
Owens & Minor 2Q Results: Postgame Scorecard
Owens & Minor's (NYSE:OMI) net income rose in the second quarter. Earnings and Revenue The company fell short of estimates with EPS of 48 cents a share and revenues of $2.19 billion. Analysts were expecting EPS of 49 cents a share and revenues of $2.23 billion. The company's net income for the
U.S. Republican Lawmakers in New Bid for Keystone Pipeline Approval
Republican lawmakers are making another attempt to push through approval of the Keystone XL oil pipeline, saying Monday that the purchase of Canadian energy producer Nexen Inc. (NXY, NXY.T) by China's Cnooc Ltd. (CEO, 0883.HK) demonstrates why the U.S. should move quickly to allow the flow of
Genesee & Wyoming to Buy RailAmerica in $1.39 Billion Deal
Genesee & Wyoming Inc. (GWR) has agreed to buy RailAmerica Inc. (RA) for $1.39 billion in cash, a move that combines the two largest short-line and regional-railroad operators in North America.