International Business News - 1 http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Filene's Basement has asked a federal judge to sign off on a deal that the bankrupt department store chain said would eliminate about $70 million in claims held by its former parent Retail Ventures Inc and by DSW Inc. http://www.ibtimes.com/articles/20090928/1-filenes-seeks-wipe-out-70-mln-claims.htm Mon, 28 Sep 2009 13:48:04 EDT Arena Pharmaceuticals Inc said its experimental obesity drug, lorcaserin, met the goals of a second late-stage study, but its shares dropped more than 15 percent as the results fell short of a U.S. Food and Drug Administration guideline. http://www.ibtimes.com/articles/20090918/updatearena-weight-loss-trial-met-goals-but-shares-fall.htm Fri, 18 Sep 2009 09:34:23 EDT Chip technology developer Tessera Technologies Inc raised its third-quarter revenue forecast, driven by improved performance across its segments. http://www.ibtimes.com/articles/20090917/updatetessera-raises-q3-revenue-forecast.htm Thu, 17 Sep 2009 13:27:42 EDT Pier 1 Imports Inc reported a smaller-than-expected quarterly loss as the home furnishings retailer benefited from cost cuts, fewer markdowns and improved inventory management. http://www.ibtimes.com/data/articleimgs/220617-.jpg http://www.ibtimes.com/articles/20090917/pierposts-smaller-than-expected-loss-on-cost-cuts.htm http://www.ibtimes.com/articles/20090917/pierposts-smaller-than-expected-loss-on-cost-cuts.htm Thu, 17 Sep 2009 08:41:11 EDT Dress Barn Inc reported a better-than-expected quarterly profit, helped by tighter cost and inventory controls, but forecast full-year 2010 earnings below market expectations, sending its shares down 3 percent in after-market trade. http://www.ibtimes.com/articles/20090916/updatedress-barn-q4-profit-tops-st-sees-fy-below-estimates.htm Wed, 16 Sep 2009 17:34:57 EDT Industrial distributor W.W. Grainger Inc said it would record a one-time gain in the third quarter, following the completion of its tender offer bid for Japan's MonotaRO Co Ltd. http://www.ibtimes.com/articles/20090914/updategrainger-sees-q3-gain-from-monotaro-deal.htm Mon, 14 Sep 2009 13:19:07 EDT U.S. antitrust regulators have requested more documents in their probe of Microsoft Corp's deal to provide search engine technology to rival Yahoo Inc, the two companies said on Friday. http://www.ibtimes.com/articles/20090911/updateus-deepens-review-yahoo-microsoft-deal.htm Fri, 11 Sep 2009 13:28:40 EDT Exelon Corp's 867-megawatt Unit 1 at the Quad Cities nuclear power station in Illinois shut by early Wednesday from full power early Tuesday, the U.S. Nuclear Regulatory Commission said in a report. http://www.ibtimes.com/articles/20090909/exelon-ill-quad-citiesreactor-shut.htm Wed, 09 Sep 2009 09:07:28 EDT Wireless networking chipmaker Atheros Communications Inc said it agreed to acquire semiconductor company Intellon Corp for about $244 million in cash and stock, and raised its third-quarter outlook. http://www.ibtimes.com/articles/20090908/updateatheros-buy-intellon-244-mln-ups-q3-outlook.htm Tue, 08 Sep 2009 13:47:18 EDT Opexa Therapeutics Inc said on Tuesday further analysis of clinical data shows that more than 83 percent of patients taking its experimental multiple sclerosis drug remained relapse-free after a year, more than doubling the value of the company's shares. http://www.ibtimes.com/articles/20090908/updateopexa-shares-soar-on-multiple-sclerosis-drug-data.htm Tue, 08 Sep 2009 10:52:49 EDT Fannie Mae, the largest U.S. home funding company, said on Friday it plans to sell $500 million of three-month benchmark bills due Dec. 9, 2009, and $500 million of six-month bills due March 10, 2010 on Wednesday in a Dutch auction. http://www.ibtimes.com/data/articleimgs/219788-.jpg http://www.ibtimes.com/articles/20090904/fannie-mae-sellbln-bills-next-week.htm http://www.ibtimes.com/articles/20090904/fannie-mae-sellbln-bills-next-week.htm Fri, 04 Sep 2009 15:51:15 EDT Las Vegas Sands Corp, the world's largest casino firm, has secured commitments to raise up to $600 million through the sale of exchangeable bonds, the company said on Wednesday. http://www.ibtimes.com/articles/20090902/updatelas-vegas-sands-sell-600-mln-bonds.htm Wed, 02 Sep 2009 12:02:22 EDT Customers filled more prescriptions at Walgreen Co. but continued to shy away from general merchandise, with sales at stores open at least a year up just 1.9 percent in August and 2.1 percent in the drugstore chain's recently completed fiscal year. http://www.ibtimes.com/data/articleimgs/219637-.jpg http://www.ibtimes.com/articles/20090902/updatewalgreen-august-same-store-sales-rise-just9-pct.htm http://www.ibtimes.com/articles/20090902/updatewalgreen-august-same-store-sales-rise-just9-pct.htm Wed, 02 Sep 2009 11:40:47 EDT Khosla Ventures said on Tuesday it had raised $1 billion for one for renewable energy and clean technology funds, a sign that skittish investors are hot for climate-change related projects. http://www.ibtimes.com/data/articleimgs/219580-.jpg http://www.ibtimes.com/articles/20090901/khosla-raisesbillion-renewables-clean-tech.htm http://www.ibtimes.com/articles/20090901/khosla-raisesbillion-renewables-clean-tech.htm Tue, 01 Sep 2009 15:46:14 EDT DETROIT - Chrysler Group LLC\'s U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday. http://www.ibtimes.com/data/articleimgs/219548-.jpg http://www.ibtimes.com/articles/20090901/updatechrysler-us-sales-down-15-pct-august-source.htm http://www.ibtimes.com/articles/20090901/updatechrysler-us-sales-down-15-pct-august-source.htm Tue, 01 Sep 2009 11:58:38 EDT NEW YORK - Merck & Co Inc announced plans on Monday for a reorganization once its acquisition of Schering-Plough Corp closes later this year, including naming leaders for five main divisions. http://www.ibtimes.com/data/articleimgs/219457-.jpg http://www.ibtimes.com/articles/20090831/refile-updatemerck-reorganizes-as-schering-deal-nears-close.htm http://www.ibtimes.com/articles/20090831/refile-updatemerck-reorganizes-as-schering-deal-nears-close.htm Mon, 31 Aug 2009 10:00:43 EDT NEW YORK - Walt Disney Co said on Monday it plans to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters like Iron Man, Spider-Man, and the Fantastic Four to its entertainment empire. http://www.ibtimes.com/articles/20090831/disney-acquire-marvel-inbln-deal.htm Mon, 31 Aug 2009 09:34:57 EDT Canadian drugmaker Patheon Inc, which has been witnessing a takeover tussle between U.S. private equity firm JLL Partners and Switzerland's Lonza , said it is exploring the Swiss company's proposal a day after JLL's offer expired. http://www.ibtimes.com/articles/20090828/updatepatheon-says-exploring-lonza-proposal.htm Fri, 28 Aug 2009 10:44:57 EDT IBM (IBM.N) and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc (BP.L), the firms said on Wednesday, amid hopes of a revival in technology spending. Neither IBM nor the Indian firms, Tata Consultancy Services (TCS.BO), Infosys Technologies (INFY.BO) (INFY.O) and Wipro (WIPR.BO) (WIT.N), disclosed financial details of the contract. http://www.ibtimes.com/articles/20090826/updateibm-indian-outsourcers-win-services-deal-from-bp.htm Wed, 26 Aug 2009 10:55:19 EDT The U.S. thrift industry on Wednesday reported its first profit since the third quarter of 2007, earning a slender total of $4 million in the second quarter, the Office of Thrift Supervision said. http://www.ibtimes.com/articles/20090826/updateus-thrifts-report-first-profit-since.htm Wed, 26 Aug 2009 10:50:32 EDT