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Archive May/2008


Discovery shares plunge on delay for key drug candidate (AP)

Discovery Laboratories Inc. shares plunged Friday after its key drug candidate faced another regulatory delay with the Food and Drug Administration, further postponing the treatment's possible entrance to the market.

May 4th, 2008 | Categories: Business

Cell Genesys shares jump on as 1Q results top Wall Street (AP)

Shares of Cell Genesys Inc. jumped Friday after the biotech company reported a narrower first-quarter than Wall Street expected.

May 4th, 2008 | Categories: Business

Cephalon shares fall ahead of FDA panel on pain drug Fentora (AP)

Cephalon Inc. shares fell Friday over concerns that the biotechnology company may face a tougher-than-expected Food and Drug Administration panel review next week for its cancer pain drug Fentora.

May 4th, 2008 | Categories: Business

Movers roundup: Palomar Medical, Marathon Oil (AP)

Shares of Palomar Medical Technologies Inc. fell to their lowest point since 2004 on Friday, after the company reported a first-quarter loss on lower revenue and a Lazard Capital Market

May 4th, 2008 | Categories: Business

Movers roundup: Yahoo, Magma Design Automation (AP)

Yahoo Inc.'s shares rose Friday in what an analyst attributed to investors' expectations that the company will eventually agree to be purchased by suitor Microsoft Corp., perhaps at a higher

May 4th, 2008 | Categories: Business

Sector roundup: Nursing home operators, credit cards (AP)

Shares of nursing home operators climbed Friday, as investors breathed a sigh of relief that the Centers for Medicare and Medicaid Services' proposed reimbursement rate cuts were more mild than

May 4th, 2008 | Categories: Business

NJ’s off-track wagering locations are fast out of the gate (AP)

Since Favorites, an off-track horse betting parlor, opened in a shopping center here six months ago, June and Hank Raub have been fixtures in its plush chairs.

May 4th, 2008 | Categories: Business

Jacobs Engineering group V.P. sells 22,600 shares (AP)

A group vice president of construction services provider Jacobs Engineering Group Inc. sold 22,600 shares of common stock, according to a Securities and Exchange Commission filing.

May 4th, 2008 | Categories: Business

Shell shuts more Nigerian oil after rebel attack (Reuters)

Royal Dutch Shell shut down more of its production in Nigeria after a fresh militant attack on Saturday on a flowstation in the restive Niger Delta, where local militants have

May 4th, 2008 | Categories: Business

Stocks give up gains from employment report to finish mixed (AP)

Wall Street turned in a mixed performance Friday as investors set aside some initial enthusiasm over a stronger-than-expected jobs report to lock in some of their recent gains. Blue chip

May 4th, 2008 | Categories: Business

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