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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...
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...
Kona Grill swings to Q1 profit, beats expectations
Kona Grill Inc. KONA 0.00% swung to a profit in its first-quarter as the company reported better-than-expected restaurant sales growth.
Shares jumped 15% to $7.74 after hours as Kona Grill’s earnings easily topped the company’s estimates and as it issued an upbeat earnings forecast for the current quarter.
Kona Grill expects second-quarter earnings of 14 cents a share, above the 10-cent...
Helen of Troy profit rises 20%
Helen of Troy Corp.’s HELE +4.25% fiscal fourth-quarter earnings rose 20% from a year-earlier period weighed down by impairment charges as the housewares and personal-care products company posted stronger-than-expected revenue, though margins declined.
The company also forecast fiscal 2013 earnings of $3.80 to $3.90 a share on revenue of $1.3 billion to $1.33 billion, while analysts surveyed...
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...
Illumina first-quarter profit rises 8.6%
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...
Keppel Corp. unit in natgas pact with Petronas
SINGAPORE -(MarketWatch)- Singapore conglomerate Keppel Corp. Ltd. said that unit Keppel Energy Pte. Ltd. has entered into a gas sales agreement with Petronas to import an additional 43 million cubic feet per day of natural gas from their various supply networks.
In a filing to the Singapore Exchange late Friday, Keppel said that based on historical oil prices, the contract value is estimated to be...
La Jolla Pharmaceutical Co.
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...
Novellus Systems profit falls 54%
Novellus Systems Inc.’s NVLS -1.82% first-quarter earnings fell 54% as revenue continued to decline amid weakness in the semiconductor industry.
Novellus is being acquired by Lam Research Corp. LRCX -1.73% in a stock deal that values Novellus at about $3.3 billion. Both companies make products that help design and wire chips for specific functions. Novellus mainly supplies technology that deposits...
Edelman Financial agrees to go private
Edelman Financial Group Inc. EF +41.42% agreed to go private in a buyout deal with private-equity firm Lee Equity Partners that values the wealth manager at roughly $263 million.
Under the agreement, Lee Equity Partners is offering Edelman shareholders $8.85 a share in cash, a 43% premium to its Friday closing price. Shares, which haven’t traded at that level in roughly a year, jumped 41% to...

