Micron Technology Inc. MU -2.14% announced Mark Durcan, 51, had been appointed chief executive replacing Steven Appleton, who was killed Friday when the small plane he was piloting crashed at an airport near the company headquarters in Boise, Idaho. Durcan had been Micron’s president and chief operating officer. On Saturday he was also appointed to the company’s board of directors. Micron’s... 

NEW YORK (MarketWatch) — Corning Inc. GLW -0.52% reiterated its long-term sales forecast, but said it will hit the target by growing businesses outside of its stalling liquid-crystal-display glass operation. Corning’s prediction, ahead of its annual investor meeting in New York on Friday, signals confidence that it can grow its top line by selling more fiber-optic cable, smartphone cover... 

Fiserv Inc.’s FISV -1.16% fourth-quarter earnings rose 23% due to higher revenue in its main business segments. For the new year, the company forecast earnings of $5.04 to $5.20 a share on revenue growth of 4% to 6%, bracketing the $5.11 and 5% estimates from analysts surveyed by Thomson Reuters. The company, which provide information technology to the financial and insurance industries, has... 

TOKYO (MarketWatch) — Scandal-hit Olympus Corp. said Friday it will release its earnings results for the April to December period on Feb. 13, a day before a legal deadline for listed firms to submit their accounts. President Shuichi Takayama will hold a news conference the same day to explain the results, a company spokeswoman said. The Japanese maker of cameras and medical imaging equipment... 

Teradyne Inc.’s TER +7.87% fourth-quarter earnings more than doubled on a large tax-provision benefit as the maker of chip-testing equipment, but the company’s swung to a loss from continuing operations before taxes. Shares were up 7.3% at $17.31 after hours on the company’s better-than-expected outlook. Through the close, shares have risen 14% in the last year, better than the broader... 

Princeton Security Technologies, Inc. is the holding company of Princeton Gamma-Tech Instruments, Inc. (PGTI). PGTI is a supplier of X-ray and gamma-ray detectors and spectroscopy systems, portable radioisotope identifiers, and portable chemical analyzers. The Company serves a broad customer base in scientific research, industrial materials analysis, and homeland security. The Company operates a full... 

Gap Inc. GPS -0.31% said the leader of its Old Navy discount brand is departing to work at a privately held early-childhood education company. His decision to leave the casual-apparel retailer comes after Gap shook up management last year, including ousting its top designer, as part of a turn-around plan. After Tom Wyatt departs, effective Feb. 3, to become the chief executive of Knowledge Universe... 

Cliffs Natural Resources Inc. CLF -0.03% said it plans to increase its spending 12% to about $1 billion this year to boost its mining and transportation capacity around the world. The projected expenditures include roughly $300 million of sustaining capital and $700 million of funds aimed at improving growth and productivity. The coal and iron-ore producer’s earnings have been soaring in recent... 

Xilinx Inc.’s XLNX +7.17% fiscal third-quarter profit fell 17% on weaker revenue from the chip maker’s communications customers, though its earnings per share topped analysts’ estimates. Shares rose 7.1% to $37.82 after hours as the company predicted its fourth-quarter revenue would rebound by 2% to 6% sequentially, delivering between $521.3 million and $541.8 million in sales. Analysts’... 

TOKYO (MarketWatch) — The Tokyo Stock Exchange plans to keep shares of Olympus Corp. listed as it has concluded that the company’s accounting scandal did not have a significant effect on the stock market, the Asahi Shimbun reported Wednesday. Olympus avoided automatic delisting from the TSE when it filed its earnings by a Dec. 14 deadline. But shares in the scandal-hit maker of cameras...