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Author Archives: Market Watch

Five Prime Therapeutics founder, CEO to step down

Biotech company Five Prime Therapeutics, Inc. , said late Wednesday founder and Chief Executive Lewis T. “Rusty” Williams plans leave his post and become executive chairman of the board by next year. The board “will conduct a comprehensive search for ...

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Steelcase shares plunges after company’s earnings miss

Shares of Steelcase Inc. tanked more than 10% late Wednesday after the office-furniture maker reported first-quarter earnings below Wall Street expectations and forecast second-quarter results that would also be a miss. Steelcase said it earned $18.1 million, or 15 cents ...

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Oracle soars toward record highs after earnings beat

Oracle Corp. beat expectations with its fiscal fourth-quarter earnings report Wednesday, posting annual earnings and revenue growth for the first time since the 2014 fiscal year and sending shares rocketing toward records. The software giant reported net income of $3.23 ...

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