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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 4, 2016. U.S. stocks tumbled to start 2016, falling to their lowest levels since mid-October, as a rout in Chinese equities renewed concern that an economic slowdown there will damp global growth. Photographer: Michael Nagle/Bloomberg via Getty Images

Intuitive Surgical First Quarter Earnings Miss Street Views

Intuitive Surgical (ISRG), a provider of minimally invasive care and robotic-assisted surgery, reported late on Thursday first-quarter earnings and revenue that missed analysts’ expectations despite growing year onyear. The firm said in a statement that its revenue rose to $973.7 million during the three months that ended March 31, from $847.5 million a year ago, driven by increased procedures and […]

Philip Morris Warns It May Shut Down Hong Kong Research Center Amid Government Ban on E-Cigarettes

Philip Morris Warns It May Shut Down Hong Kong Research Center Amid Government Ban on E-Cigarettes

Philip Morris (PM) has warned that it could be forced to close its research facility for new smoking products in Hong Kong if the local government does not reverse its ban on e-cigarettes, the South China Morning Post reported. The tobacco producer spent HKD78 million ($10 million) to establish the Wong Chuk Hang facility, which opened last year. But the […]

Entercom Starts $300 Mln Offering of Senior Secured Second-Lien Notes

Entercom Starts $300 Mln Offering of Senior Secured Second-Lien Notes

Entercom Communications (ETM), a media and entertainment company, said pre-market Monday that its Entercom Media unit, formerly known as CBS Radio Inc., plans to offer $300 million of senior secured second-lien notes due 2027. The Philadelphia company said in a statement that it expects to use the net proceeds of the offering, cash on hand and availability under its revolving […]