SHANGHAI, China - Everest Medicines and Kezar Life Sciences (NASDAQ:KZR), Inc. have received approval from the Center for Drug Evaluation (CDE) of China\'s National Medical Products Administration (NMPA) to initiate a Phase 2b clinical trial for zetomipzomib, a treatment for lupus nephritis (LN), in China. The trial, named PALIZADE, will assess the efficacy and safety...
(Reuters) -Online travel platform Expedia (NASDAQ:EXPE) said on Monday it was cutting about 1,500 jobs globally, or about 9% of its total workforce, as part of its \"organizational and technological transformation\". The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter...
PARSIPPANY, N.J. - B&G Foods, Inc. (NYSE: NYSE:BGS), a manufacturer and distributor of branded shelf-stable and frozen foods, has declared a regular quarterly cash dividend of $0.19 per share. The dividend is scheduled for disbursement on April 30, 2024, to shareholders on record as of March 28, 2024. The announcement, made today, marks the company\'s...
By Scott Murdoch and Clare Jim SYDNEY/HONG KONG (Reuters) - Global restructuring specialists Alvarez & Marsal and Houlihan Lokey (NYSE:HLI) have boosted headcount in Hong Kong as China\'s property crisis results in a surge in debt restructuring deals - making them a rare bright spot in hiring for the city\'s financial sector. China\'s property industry,...
By Dawn Chmielewski and Lisa Richwine (Reuters) - David Greenbaum has been named to the newly created role of president, overseeing Disney Live Action and 20th Century studios, reporting to Disney Entertainment co-Chairman Alan Bergman, Walt Disney (NYSE:DIS) Studios announced on Monday. He succeeds Sean Bailey, who oversaw Disney\'s live action films since 2010, and...
BILLERICA, Mass. - Quanterix (NASDAQ:QTRX) Corporation (NASDAQ: QTRX), a company specializing in ultrasensitive biomarker detection, today announced a rescheduling of its fourth quarter and full year 2023 financial results release to coincide with the filing of its Annual Report on Form 10-K. The revised date for the investor call is now set for Thursday, February...
(Reuters) - Utility firm American Electric Power (NASDAQ:AEP) on Monday reported fourth-quarter earnings that missed analysts\' expectations and named board member Benjamin Fowke as interim chief executive officer, effective immediately. Fowke, the former CEO of peer Xcel Energy (NASDAQ:XEL), will replace Julie Sloat, who had been American Electric\'s chief since January 2023. The change comes...
WICHITA, Kan. - Spirit AeroSystems (NYSE:SPR) Holdings, Inc. [NYSE: SPR], a prominent manufacturer of aerostructures, announced the appointment of Jane P. Chappell to its Board of Directors, effective immediately. Chappell, who brings over four decades of experience in the defense industry, will contribute to the Corporate Governance and Nominating Committee and the Risk Committee. Chappell\'s...
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks ended with modest losses on Monday, as the focus shifted after last week\'s AI-fueled rally to upcoming economic data that could affect the timing of the Federal Reserve\'s expected interest rate cut. The release of January\'s personal consumption expenditures price index (PCE)- the Fed\'s preferred inflation gauge...
-- U.S. stock index futures were muted in evening deals on Monday, after Wall Street indexes were pulled off record peaks by a mix of profit-taking and growing anxiety ahead of key inflation readings this week. Investors were also largely on edge over the prospect of higher-for-longer interest rates, as a slew of Federal Reserve...