updated Tue November 06, 2007

Iconix to Work With Elizabeth Arden to Create Products for Its Rocawear Line

NEW YORK (AP) -- Iconix Brand Group Inc., which owns and licenses apparel and other brands, said Monday it entered into a global licensing agreement with Elizabeth Arden Inc. to develop products for its Rocawea...

updated Tue November 06, 2007

Premarket Roundup: USEC Shares Edge Down, PetroChina Worth $1 Trillion After Successful IPO

Among the premarket activity stories for Monday, Nov. 5, from AP Financial News:NEW YORK (AP) -- Shares of uranium producer USEC Inc. wobbled in premarket electronic trading Monday as investors weighed USEC's o...

updated Tue November 06, 2007

Korn/Ferry to Buy Back Another $50 Million of Shares

LOS ANGELES (AP) -- Executive recruitment company Korn/Ferry International said Monday it plans to buy back up to another $50 million of shares.The company previously approved repurchases totaling $125 million....

updated Tue November 06, 2007

Premarket Roundup: WellCare to Issue Preliminary Results, Analysts See Loss for Citigroup

Among the premarket activity stories for Monday, Nov. 5, from AP Financial News:NEW YORK (AP) -- WellCare Health Plans Inc., which is being investigated by federal and state authorities, will release preliminar...

updated Tue November 06, 2007

National Retail Properties Estimates FFO in 2008 Between $1.94 and $1.99 Per Share

ORLANDO, Fla. (AP) -- Real estate investment trust National Retail Properties Inc. said it expects funds from operations to range between $1.94 and $1.99 per share in 2008 based on current operating plans and a...

updated Tue November 06, 2007

Ameren Corp. Expects to Reaffirm 2007 Earnings Guidance of Between $2.80 and $3.05 Per Share

ST. LOUIS (AP) -- Utility company Ameren Corp. said Monday it plans to reaffirm its 2007 earnings guidance of between $2.80 and $3.05 per share this week.The company also plans to reaffirm adjusted earnings of ...

updated Tue November 06, 2007

Burger King 1Q Profit Rises 23 Pct, Shares Sink As 3 Big Shareholders Plan Share Sales

MIAMI (AP) -- Burger King Holdings Inc. said Monday its fiscal first-quarter earnings rose 23 percent, surpassing Wall Street expectations as marketing promotions with movie tie-ins and sales of chicken sandwic...

updated Tue November 06, 2007

EU to Unveil New U.S.-Style Passenger Data Collecting Plan for Flights Into Europe

BRUSSELS, Belgium (AP) -- The EU would adopt security measures for airline passengers similar to those in the U.S., storing information such as e-mail addresses and telephone numbers for 13 years, under a propo...

updated Tue November 06, 2007

Entergy 3Q Profit Improves 19 Percent, Company to Spin Off Non-Nuclear Business

NEW ORLEANS (AP) -- Entergy Corp. said Monday its third-quarter profit jumped 19 percent, and the energy company announced it plans to spin off its non-nuclear business.Net income rose to $461.2 million, or $2....

updated Tue November 06, 2007

Mentor Graphics Lowers 3rd-Qtr Outlook Due to Order Setback, but Affirms Full-Year Forecasts

WILSONVILLE, Ore. (AP) -- Mentor Graphics Corp. lowered its third-quarter outlook Monday due to "unique circumstances" that set large orders back a quarter, but said its forecast for this and next fiscal year r...

updated Tue November 06, 2007

Multi-Fineline Electronix 4th-Quarter Profit, Sales Fly Past Wall Street's Expectations

ANAHEIM, Calif. (AP) -- Circuit board maker Multi-Fineline Electronix Inc. said Monday its fourth-quarter profit jumped 38 percent as higher sales to several of its large customers offset lower sales to what wa...

updated Tue November 06, 2007

Micrus Endovascular to Sell Catheter Technology to Merit Medical Systems for $3 Million

SAN JOSE, Calif. (AP) -- Medical device maker Micrus Endovascular Corp. said Monday it plans to sell certain assets to Merit Medical Systems Inc. for $3 million.Micrus said it entered into a nonbinding agreemen...

updated Tue November 06, 2007

S&P Places Citigroup on Negative Watch Due to New Writedowns That Could Reach $11 Billion

NEW YORK (AP) -- Credit rating agency Standard & Poor's said Monday it placed Citigroup Inc. and its operating unit Citibank N.A. on negative credit watch after the company said over the weekend it would ta...

updated Tue November 06, 2007

PepsiCo, Citing Robust Growth, Creates 3 Operating Units Where There Were 2

NEW YORK (AP) -- PepsiCo Inc. said Monday it was reorganizing to create three operational units, combining operations in the Americas and dividing its food and beverage businesses in that region.The old structu...

updated Tue November 06, 2007

Analyst Says Business Has Been Weak for K-Swiss in the U.S. and Abroad; Shares Drop

NEW YORK (AP) -- Shares of K-Swiss Inc. declined after Monday's opening bell when a Banc of America Securities analyst said poor traffic and warm weather likely hurt the athletic shoemaker's third-quarter resul...

updated Tue November 06, 2007

Novacea Shares Plummet After Company Stops Asentar Trials Due to Patient Deaths

NEW YORK (AP) -- Shares of Novacea Inc. plunged to an all-time low Monday after the biotechnology company said it stopped trials of its prostate cancer drug candidate Asentar.Patients taking the drug in a late-...

updated Tue November 06, 2007

AK Steel Lifts Stainless-Steel Prices by 6 Percent, or $70 Per Ton, to Offset Higher Costs

WEST CHESTER, Ohio (AP) -- AK Steel will raise stainless-steel prices next week to offset higher costs for raw materials and energy, the company said Monday.AK Steel will raise prices for hot- and cold-rolled s...

updated Tue November 06, 2007

German Bank IKB Delays 2Q Results to Nov. 30

FRANKFURT, Germany (AP) -- IKB Deutsche Industriebank AG, hit badly by its exposure to the U.S. subprime lending crisis, postponed its second-quarter results Monday by two weeks.The Duesseldorf-based company ha...

updated Tue November 06, 2007

American Financial Realty Trust Jumps on Gramercy Capital's $3.4 Billion Purchase of Company

NEW YORK (AP) -- Shares of American Financial Realty Trust jumped Monday, after Gramercy Capital Corp. said it will buy the company for $3.4 billion in cash and stock.Shares of American Financial rose $1.08, or...

updated Tue November 06, 2007

IRobot Shares Rise After Judge Grants Injunction Against Competitor

NEW YORK (AP) -- Shares of iRobot Corp. rose Monday morning after a Massachusetts judge granted the company an injunction against a competitor.JPMorgan analyst Paul Coster said the legal news puts Burlington, M...