SYDNEY (MarketWatch) — Qantas Airways Ltd. on Tuesday gave the strongest indication yet that it’s about to slash hundreds more jobs by closing at least one of its three heavy maintenance bases in Australia. “The significant reduction of maintenance required on our aircraft means we do not need three separate maintenance bases,” a Qantas spokeswoman said in an e-mailed statement. The... 

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... 

Illumina Inc.’s ILMN -1.04% first-quarter earnings rose 8.6% as the diagnostics company posted a decline in expenses that offset a drop in revenue. The company also announced that its board approved a stock buyback of up to $250 million of its shares. Illumina recently had about 133.9 million shares outstanding. Illumina makes machines that use blood or tissue samples to decode a person’s... 

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... 

La Jolla Pharmaceutical Company is a biopharmaceutical company dedicated to the development of treatments that significantly improve outcomes in patients with life-threatening diseases. Their team is pioneering the science of galectins to develop innovative new therapies to treat human diseases such as cancer and chronic organ failure La Jolla Pharmaceutical Company is a biopharmaceutical company... 

Moody’s Corp. MCO -2.44% has named former Pfizer Inc. PFE -0.51% chairman and chief executive Henry A. McKinnell Jr. as its new chairman, following the rating and analytics company’s decision earlier this year to separate the roles of chairman and CEO. Moody’s also said CEO Raymond McDaniel Jr. will also take on the title of president. McKinnell had served on Moody’s board since... 

Universal Forest Products Inc. UFPI -0.25% swung to a first-quarter profit as the seller of lumber and construction materials saw higher revenue in all its major segments, lead by commercial construction and concrete forming, and manufactured homes. The provider of lumber, building and packaging materials has posted mixed results in recent quarters as it struggled with lagging demand from soft construction... 

NEW YORK -(MarketWatch)- ConAgra Foods Inc. CAG +0.97% has agreed to buy Odom’s Tennessee Pride, the second-largest maker of frozen breakfast sandwiches in the U.S., for an undisclosed amount, continuing an acquisition spree of smaller food companies. Odom’s has annual sales of more than $190 million and about 750 employees. The company also makes refrigerated breakfast sandwiches and sausages.... 

Dreams Inc. DRJ +30.27% agreed to be acquired by privately owned online sports merchandiser Fanatics Inc. in a deal that values the sports retailer at roughly $156 million. Fanatics is offering Dreams shareholders $3.45 a share under the agreement, a 32% premium to the stock’s Friday closing price and above a 52-week high of $3.04 hit last month. Shares surged 45% to $3.79 in premarket trade,... 

Coinstar Inc. CSTR -2.91% raised its earnings and revenue forecasts for its first quarter and full year, saying it experienced increased consumer demand at its Redbox movie rental kiosks, especially for titles like “Moneyball” and “Puss and Boots.” The company said it expects first-quarter core earnings of $1.36 to $1.40 a share on revenue of $567 million to $569.2 million....