won't increase its offer to acquire
, effectively clearing the way for
to try to complete its own bid for the company. TMP, the owner of rival online job-hunting site Monster.com, had agreed in June to acquire the company, but earlier this month Yahoo! came in with a rival bid that valued HotJobs at $436 million in cash and stock.
Earnings Reports & Outlooks
expects to lose between $8.5 million and $10 million in the second quarter on sales that are at the low end of its previous guidance. The company said its loss will include an inventory writedown of up to $7 million for products primarily in its communications business. The quarter ends Dec. 31.
United Auto Group
said it will easily beat Wall Street's earnings consensus estimate for the fourth quarter on strong growth in same-store sales and unit volume. The Detroit auto dealer said its fourth-quarter earnings will be 4 cents above the current estimate of 27 cents, reflecting double-digit growth in same-store sales and strength in sales of foreign cars. For the full year, the company expects to earn $1.30 a share.
said a Phase I/II trial using its AlloMune system demonstrated encouraging antitumor results in a majority of patients afflicted with end-stage refractory lymphoma.
said it will provide a number of airports across the nation with automated external defibrillators. In total, the airports initially purchased more than 150 units.
Stewart & Stevenson's
tactical vehicle systems unit received a $374 million contract from the U.S. Army. The agreement includes 2,400 trucks and more than 500 trailers.