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Buffing image, Goldman cracks door on some events
NEW YORK (MarketWatch) — Goldman Sachs Group Inc.’s GS -1.90% latest public-charm initiative may soon involve a closer view of key conferences, long-closed affairs where clients hobnob with Goldman bankers and invited speakers.
It is part of an effort to refurbish an image that became tarnished by the financial crisis and its aftermath. Goldman’s top brass have said they need to do...
Petron Energy II, Inc.
Petron Energy, Inc. was incorporated October, 1998 as a Texas corporation. Petron Energy, Inc. is a small independent oil and gas corporation, engaged in the development of oil and natural gas properties in Texas and Louisiana. The firm looks to capitalize on the enormous energy opportunity created by emerging global markets and domestic supply shortfalls.
Since their inception they’ve provided...
Exelon’s net skids on merger costs, weaker margins
Exelon Corp.’s EXC -0.75% first-quart earnings fell 70% as costs related to the electric and gas utility’s merger with Constellation Energy Group Inc. weighed on results and as margins weakened.
Exelon, the largest operator of nuclear plants in the U.S., completed its acquisition of Constellation in March. The merger, an all-stock deal valued at nearly $8 billion, allows Exelon to absorb...
Fluor posts 11% higher profit, orders grow
Fluor Corp.’s FLR -2.16% first-quarter earnings rose 11%, led by strong revenue growth at the engineering-and-construction company’s oil-and-gas business and industrial-and-infrastructure segment.
The largest publicly traded engineering and construction company in the U.S. has posted revenue growth for five consecutive quarters.
Though construction spending remains weak, Davidson Research...
SK Hynix reportedly to join bid for Japan’s Elpida
SEOUL (MarketWatch) — SK Hynix Inc. has decided to join in a final bid for Japan’s Elpida Memory Inc., local online news provider Edaily reported Friday, citing an unnamed SK Hynix source.
“Today, Hynix will submit its proposal to join in the second [round] bidding to the lead manager Nomura,” the report said, quoting the unnamed SK Hynix official.
The final auction will close...
World Surveillance Group Inc (WSGI)
World Surveillance Group Inc. (WSGI) is engaged in design, development, marketing and sale of technologically advanced autonomous lighterthan-air (LTA) unmanned aerial vehicles (UAVs).
WSGI’s airships, when integrated with electronics systems and other high technology payloads, are designed for use by government-related, military, defense and commercial entities in missions that require real-time...
Lazard profit falls 54% on charge
Lazard Ltd.’s LAZ +3.06% first-quarter net income fell 54% on costs tied to cutting staff, yet the midsize investment bank posted a core profit and revenue that easily topped expectations on stronger demand for deal-making advice.
The firm’s strategic-advisory business showed improvements over both last year and the previous period, posting operating revenue of $207 million for the first...
Baidu Q1 profit up 76%, shares fall on sales view
Baidu Inc.’s BIDU -2.74% first-quarter earnings surged 76% as the Chinese Internet search giant’s revenue continued to surge.
American depositary shares were still off 10% at $122 after hours as investors took a dim view toward a top line that was merely in-line with expectations.
Baidu, which generates almost all its revenue from search advertising, has posted double-digit earnings growth...
Toshiba won’t make round-2 bid for Elpida: report
TOKYO (MarketWatch) — Toshiba Corp. (6502.TO) will not participate in the second round of bidding for failed chipmaker Elpida Memory, the Sankei Shimbun reported in its Tuesday morning edition.
Noting that the bidding process won’t include a Japanese company, the paper said that the field has been narrowed down to South Korea’s SK Hynix Inc. HXSCF 0.00% , Micron Technology Inc. MU...
Pro-Dex CEO Murphy resigns; replaced by Berthelot
Pro-Dex Inc. PDEX -5.62% said Chief Executive Mark P. Murphy resigned from all his positions with the company and its subsidiaries Friday, and was immediately replaced by Director Michael J. Berthelot.
Pro-Dex develops powered surgical devices and other tools used in the medical, dental, semiconductor and scientific research markets.
“We welcome Mike’s leadership in guiding Pro-Dex through...

