Cessna Aircraft unit is planning to cut 2,000 more workers in its second round of layoffs in recent weeks. More: continued here
Cessna Aircraft unit is planning to cut 2,000 more workers in its second round of layoffs in recent weeks. More: continued here
Dublin’s Elan has hired Citigroup Global Markets to review alternatives, including a minority investment, an alliance, or a merger or sale of the company. More: continued here
HCC Insurance and NuStar are upgraded; Braksem, BOK Financial and Ecolab are downgraded. More: continued here
Fourth-quarter earnings per share should rise roughly 6% from the same period a year earlier. More: continued here
The electronics company will post a $1.1 billion operating loss this fiscal year through March, its first since 1995, media reports said, as sales of liquid crystal display screens and other products fall. More: continued here
Cramer said he doesn’t want to have anything to do with consumer electronics. More: continued here
Investors favor Nortel amid ‘Second Life’ talk, Ethernet rumors. More: continued here
A report that electronics company Sony would post a massive fiscal-year operating loss sent stocks in Japan lower by more than 4%. More: continued here
Bristol-Myers has agreed to pay $85 million upfront to ZymoGenetics for rights to PEG-Interferon lambda and will pay another $20 million license fee to ZymoGenetics in 2009, the companies announced Monday. More: continued here