Author: Devin Weiss

Illumina Inc. (ILMN) said late Wednesday that second-quarter revenue will be lower than its own guidance, sending shares down by more than 11% today. The company now expects to report sales of about $161 million, compared to its...

NII Holdings (NIHD), a provider of wireless services in Mexico, Brazil, Argentina and Peru, continues to be impacted by volatile economic conditions which largely contributed to the sequential decline in net subscriber additions...

S&P ratings lowered ASM International’s (ASMI) long-term credit rating from BB- to B+. The rating revision hinges on the rating agency’s expectation of a prolonged downturn for semiconductor equipment...

Positive outlook for the U.S. Online Education sectorThe outlook for the post-secondary education industry, especially the online segment, is positive. This industry is comprised of traditional public and private traditional...

ProLogis Inc. (PLD), a publicly traded real investment trust (REIT), has recently sold most of its industrial buildings in North America for $561 million. The company had been marketing most of these assets for sale since late...

Portable navigation device (PND) suppliers in deep waterDiscussions at the GPS-Wireless 2009 conference suggest a murky outlook for GPS providers this year. The PND market in particular is expected to stagnate. PNDs enjoyed very...

SRS Labs (SRSL) has announced that its SRS Premium Sound is gaining popularity with several leading computer manufacturers such as Asustek Computer, BenQ Corporation, NEC Corporation, AOC Corporation (AOC), MSI Computer Corp....

Energizer Holdings (ENR), which ranks second after Procter & Gamble (PG) in men’s shave products, in June acquired the Edge and Skintimate shave preparation business from Johnson & Johnson (JNJ) for an aggregate...

Cardiovascular Systems, Inc. (CSII) recently announced that it has received the honor of being included in the Russell 3000 Index. The index measures the performance of the 3,000 largest U.S. companies by market capitalization....

On July 1, 2009, CombinatoRx (CRXX) agreed to merge with Neuromed Pharmaceuticals, Inc., a privately-held biopharmaceutical company based in Canada.As per the terms of the all-stock deal, CombinatoRx will issue approximately 36...