President Obama on Monday pressured the Federal Communications Commission to impose public utility-type regulation on high-speed Internet services, a shift that would likely draw a legislative response by a Republican-controlled Congress. The FCC is in the process of revising net neutrality, also called Open Internet rules, after a Washington, D.C., Court of Appeals ruling in January gutted much of the FCC’s authority. Obama in
Salix Pharmaceuticals missed third-quarter earnings and sales forecasts and announced the sudden resignation of its chief financial officer, sending shares plunging late Thursday. Earlier, Akorn (AKRX) stock sold off on its messy Q3 results, but investors viewed its issues as mild, relatively, compared with its midsize pharma peer. Salix Pharmaceuticals (SLXP) reported after the close that earnings excluding one-time items rose 72%
Citing a record 7,785 sales of its electric Model S, Tesla Motors beat estimates and cleared up some questions about demand Wednesday, but raised other worries in its third-quarter earnings report after the closing bell. Tesla trimmed deliveries guidance for the year from 35,000, which would’ve been up 56% year over year, to 33,000. But CEO Elon Musk tied that to production constraints. Tesla had forecast 7,800 Q3 deliveries. It