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Enphase Energy shares open up 25% post-IPO
Solar-energy-management device maker Enphase Energy Inc. ENPH +22.33% saw its shares jump 25% on their opening trade Friday, the company’s first day as a public stock.
Synnex profit rises; sees downbeat Q2
Synnex Corp.’s SNX -0.57% fiscal first-quarter earnings rose 28% as the distribution services company saw stronger margins, but its revenue slid for the first time in 10 quarters on weakness in its distribution business.
Sealy swings to Q1 profit
Sealy Corp. ZZ -1.05% posted a surprise fiscal first-quarter profit on strong international sales and higher pricing, which improved the mattress maker’s margins.
Wendy’s brokering improvements on livestock rules
Wendy’s Co. WEN -1.30% has been working with its chicken and pig suppliers to broker new improvements in the treatment of animals, the food service chain said Friday.
S&P may downgrade Ally’s ResCap unit
Standard & Poor’s may downgrade Residential Capital, the struggling mortgage subsidiary of Ally Financial Inc. , depending on a pending debt exchange.
Panacea Global, Inc.
Panacea Global Inc. is a biopharmaceutical company providing blood (protein), serum and tissue tests to diagnose and monitor cancer through a licensing agreement with Panacea Pharmaceuticals, Inc.
Telstra: Sensis CEO to leave company
Australian telecommunications giant Telstra Corp. said Tuesday the chief executive officer of its Sensis advertising business, Bruce Akhurst, will leave the company.
Boreal Water Collection, Inc. (BRWC)
Boreal is a personalized bottled water company specializing in premium custom bottled water for your company.
AmEx testing prepaid cards in some Wal-Marts
American Express Co. AXP -0.08% , which is trying to expand beyond the affluent customers it normally lends to, is testing the sale of prepaid cards in some Wal-Mart stores.
Finisar Q3 net drops 53%; Q4 view downbeat
Finisar Corp.’s FNSR -10.79% fiscal third-quarter earnings fell 53% as lower demand pushed down the telecommunications equipment provider’s sales, prompting a cautious current-quarter outlook. Shares fell 9.2% to $18.42 after-hours Wednesday as the company forecast adjusted fiscal fourth-quarter earnings between 18 cents and 22 cents a share on revenue of $235 million to $250 million. [...]
P&G sees $10 bln in cost cuts; to slash 4,100 jobs
Procter & Gamble Co. PG +0.20% shares rallied as the company unveiled a plan to cut $10 billion in costs over the next four years by cutting jobs,…
Skullcandy swings to profit on strong sales
Skullcandy Inc. SKUL -1.01% swung to a better-than-expected fourth-quarter profit as the music-headphone maker reported double-digit percentage sales growth in the U.S. and abroad.
Yamana Gold Q4 net profit falls 29% on impairment
Yamana Gold Inc.’s (AUY, YRI.T) fourth-quarter earnings fell 29% as a result of an impairment charge, though revenue increased.
Bank of China to open new Shanghai office in March
Bank of China Ltd. , one of China’s four largest state-run banks, will open a second head office in Shanghai next month, the China Business News reported Wednesday, citing an unnamed source.
Toshiba gets $470M India thermal-power order
Toshiba Corp. said Monday that its Indian unit has received an order worth around $470 million for three steam turbines and generators from an Indian state-owned energy company.
Aeropostale taps Hirtler-Garvey to chair board
Aeropostale Inc. ARO +0.84% named Karin Hirtler-Garvey its chairman, succeeding Julian R. Geiger who has stepped down from the position.
Ivanhoe Australia names UBS to find partner
Ivanhoe Australia Ltd. said Tuesday it has hired UBS to help find a strategic partner for a string of Australian base metals projects, as it vies to secure long-term funding to bring them into production.
Alliant Energy CEO to retire in March
Alliant Energy Corp. LNT -0.21% said Chairman and Chief Executive William D. Harvey would retire at the end of March and named its operating chief as his successor.
Xilinx’s net falls 17% on wireless weakness
Xilinx Inc.’s XLNX +7.17% fiscal third-quarter profit fell 17% on weaker revenue from the chip maker’s communications customers, though its earnings per share topped analysts’ estimates.
Samsung: Never reviewed plans to take over RIM
Samsung Electronics Co. said Wednesday that it has never reviewed plans to take over Research In Motion Ltd. RIMM -5.55% ,…
