AP Financial News Summary at 2:37 p.m. EDT
WestCoast Hires Heaney As Sales VP
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SPOKANE, Wash. (AP) _ WestCoast Hospitality Corp. named William J. Heaney as vice president of sales for the company’s Red Lion and WestCoast hotel chains.
PPT Vision Q2 Loss Narrows to $223,000
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MINNEAPOLIS (AP) _ PPT Vision Inc. (PPTV) narrowed its loss to $223,000, or 2 cents per share, for the second quarter ended April 30, compared with a loss of $1.8 million, or 18 cents per share in the same period last year.
Peregrine Pharma to Develop Cancer Drug
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CARY, N.C. Peregrine Pharmaceuticals Inc (PPHM), a developer of cancer treatments using antibodies, agreed with privately held inGenium Research Inc. to develop a monoclonal antibody that may be used to treat cancer.
Yum! Initiates Dividend, Plans Buyback
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LOUISVILLE, Ky. (AP) _ Restaurant operator Yum! Brands Inc. initiated its first quarterly dividend of 10 cents and approved a $300 million stock buyback over the next 18 months.