Industries

Journey Energy Inc. reports on voting from the 2016 shareholders meeting

Formation Fluid Management Announces Letter of Intent for Proposed Business Combination

Formation Fluid Management Announces Letter of Intent for Proposed Business Combination

LendingClub Corp. is in talks with Citigroup Inc. about the New York bank buying or providing financing for future loans made by the online platform, people familiar with the discussions said.

Eighteen U.S. companies have increased their dividends for at least half a century, writes Phil van Doorn.

Investigations ordered by Malaysia’s leader into graft allegations at a state-development fund have been undermined by political pressure and a lack of transparency, according to documents and interviews with people involved.

Shares of Palo Alto Networks Inc. sank in Thursday's extended session after the advanced-firewall company issued a subdued outlook. Palo Alto Networks reported its fiscal third-quarter loss widened to $70.2 million, or 80 cents a share, from a loss of $45.9 million, or 56 cents a share, a year ago. On an adjusted basis, the company would have earned 42 cents a share. Revenue grew 48% to $345.8 million and billings jumped 61% to $486.2 million. Analysts surveyed by FactSet had forecast earnings of 42 cents a share on revenue of $340 million. The company also projected adjusted EPS of 48 cents to 50 cents and revenue in a range of $386 million to $390 million in the fourth quarter. Analysts are looking for fourth-quarter earnings of 50 cents and revenue of $389 million. Palo Alto shares tanked more than 8% in after hours.

Alphabet Inc. on Thursday won a jury verdict in a long-running case against Oracle Corp. involving Google's use of Java code in the creation of its mobile operating system, Android. The court battle, begun in 2010, revolves around bits of code called application programming interfaces, or APIs. Google used Java APIs in developing Android, and has said in court documents that it does not believe the code is copyrightable. Oracle, which acquired the maker of Java, Sun Microsystems, for $5.6 billion in 2009, received a mixed jury verdict in 2012 in the first trial for the case, but a judge invalidated the ruling. After an appeals fight that was considered by the U.S. Supreme Court, a retrial in California ended Thursday with the jury ruling that Google's use of the Java APIs was "fair use" in the eyes of the law.

Toyota Motor Corporation announced an investment in ride-hailing company Uber Tuesday, along with a partnership to develop in-car apps and start a leasing program. With the leasing program, car buyers can lease a vehicle from Toyota and make payments based on earnings made as an Uber driver, according to the release. Toyota's investment follows a Volkswagen investment in Gett, a ride-hailing competitor, also announced Tuesday, as well as a previous investment by General Motors Co. in Lyft. Toyota made the investment with Mirai Creation Investment Limited Partnership. The financial terms of the deal were not disclosed.

Gett, a ride-hailing startup, said Tuesday that it received a $300 million strategic investment from automotive company Volkswagen Group . Volkswagen is the latest car manufacturer, after General Motors , to team up with a ride-hailing company. "The partnership with Gett marks the first milestone for the Volkswagen Group on the road to providing integrated mobility solutions that spotlight our customers and their mobility needs." said Matthias Müller, Chairman of the Board of Management of Volkswagen, in the press release. The recent investment brings Gett's total funding to more than $520 million, the company said. Gett is available in Russia, Great Britain, Israel and New York City.

AutoZone Inc.'s stock was indicated down about 3% in premarket trade Tuesday, after the automotive replacement parts retailer missed third-quarter sales expectations, citing bad weather. For the quarter ended May 7, earnings rose to $327.5 million, or $10.77 a share, from $309.1 million, or $9.57 a share, in the same period a year ago. The results included a 11-cents-per-share legal charge. The FactSet EPS consensus was $10.92. Sales rose to $2.59 billion from $2.49 billion a year ago, but was below the FactSet consensus of $2.65 billion. Same-store sales increased 2%, after rising 2.3% in the same period a year ago. "Regarding the third quarter's results, sales were below our expectations as weather negatively impacted sales primarily in Midwestern, Middle Atlantic, and Northeastern states," said Chief Executive Bill Rhodes. The stock has slumped 4.6% over the past three months through Monday, while the S&P 500 has gained 6.1%.

Target executives told analysts at Cowen & Co. that the company’s bathroom policy is not the reason for traffic softness in stores.

Traditionally for women, more apparel retailers are producing athleisure trend for men

Valeant Pharmaceuticals International Inc. received a joint takeover approach this spring from Japan’s Takeda Pharmaceutical Co. and private-equity firm TPG that the beleaguered drug maker rejected, according to people familiar with the matter.

Five initial public offerings priced this week, which experts view as an IPO market on the rebound.

Reata Pharmaceuticals Inc. shares surged more than 11% in their trading debut Thursday, after the company priced its initial public offering at $11 a share, below its range of $14 to $16. The company sold 5.5 million shares late Wednesday to raise $60.5 million. Citigroup, Cowen and Company and Piper Jaffray & Co. were joint book runners on the deal.