Forest Labs scraps agent obtained through merger

Forest Laboratories Inc. FRX +0.15% has discontinued development of an experimental agent for cardiovascular imaging procedures.

Cencosud plans IPO of up to $718 Mln in ADS

Cencosud S.A. has filed plans to offer up to $718 million in American depositary shares as the South American retailer looks to raise funds to pay down debt.

VeriFone Q2 earns fall 43% on acquisition costs

VeriFone Systems Inc.’s PAY -3.64% fiscal second-quarter earnings fell 43% as restructuring and acquisition-related costs continued to overshadow stronger revenue and better-than-expected core profit.

Goldman Sachs plans Japan private REIT this summer

Goldman Sachs Group Inc. GS -1.20% plans to launch a private real-estate investment trust in Japan this summer amid signs of a turnaround in the property market, a person familiar with the matter said Friday.

Guess profit falls on weaker U.S. same-store sales

Guess Inc.’s GES -0.12% fiscal first-quarter income slumped 38% as the apparel maker saw weaker European revenue and North American same-store sales weigh down results.

Wet Seal swings to loss on impairment, sales slip

Wet Seal Inc.’s WTSLA -6.84% swung to a fiscal first-quarter loss as impairment charges weighed on the teen apparel retailer’s bottom-line results and as revenue and margins weakened.

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