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Oil giant BP Plc (BP.L, BP_UN.TO, BP) has refused to pay for studies by the U.S. government into the oil spill in the Gulf of Mexico in 2010, arguing that it should not be forced to finance studies that the company is not allowed to see, the Financial Times reported. The government is conducting studies...

Japanese automaker Toyota Motor Corp. (TM, TYT.L) said Sunday that it plans to launch more than 15 new models in China by the end of 2017 and also strengthen its production operations in the world's largest auto market. At the 2014 Beijing Motorshow, Toyota Executive Vice President Yasumori Ihara...

Cable television operator Comcast Corp. (CMCSA, CMCSK) and Time Warner Cable, Inc. (TWC) are in early stage talks to sell three million of their subscribers to smaller rival Charter Communications, Inc. (CHTR) in a deal valued at up to $20 billion, according to a Financial Times report on Sunday. The...

Packaged food giant Kraft Foods Group, Inc. (KRFT) is recalling about 96,000 pounds of hot dogs as the products may mistakenly contain "Classic Cheese Dogs" in the "Oscar Mayer Classic Wieners" packages. The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said Sunday that...

Aspen Insurance Holdings Ltd. (AHL) said Sunday that it has issued a letter to its shareholders, expressing serious concerns regarding a previously disclosed unsolicited bid from Endurance Specialty Holdings Ltd. (ENH) to acquire the company for $3.2 billion, or $47.50 per share. Glyn Jones, Chairman...

US pharmaceutical giant Pfizer Inc. (PFE.N) offered to acquire rival UK drugmaker AstraZeneca Plc (AZN.L, AZN) for $101 billion, or 60 billion pounds, accourding to media reports. The Sunday Times reported the takeover news citing some senior investment bankers and industry sources. The report indicated...

Barrick Gold Corp. (ABX, ABX.TO) and Newmont Mining Corp. (NEM), the world's largest gold mining companies, were in advanced talks about a merger as they grapple with a sharp drop in the price of gold, the Wall Street Journal reported Friday, citing people familiar with the matter. However, the talks...

Umpqua Holdings Corp. (UMPQ) and Sterling Financial Corp. announced the completion of their merger. The combined company will operate as Umpqua Holdings Corporation and conduct banking operations under the Umpqua Bank name and brand. Umpqua now has approximately $22 billion in assets, $15 billion...

Mylan Inc. (MYL) announced that Supreme Court Chief Justice Roberts has denied Teva's application for an injunction seeking to prevent Mylan's launch of a generic version of Copaxone pending the Supreme Court's decision on Teva's appeal. Mylan CEO Heather Bresch said: "We look forward to introducing...

3D Systems Corp. (DDD) said Friday that the United States Court of Appeals for the Federal Circuit has affirmed summary judgment in favor of 3DS, dismissing all remaining claims brought by DSM Desotech. DSM Desotech had alleged anticompetitive behavior with respect to 3DS' integrated printing systems...

Chinese IT services provider iSoftStone Holdings Ltd. (ISS) said Friday that it has entered into a definitive agreement and plan of merger with New iSoftStone Holdings Ltd. and New iSoftStone Acquisition Ltd., pursuant to which New iSoftStone will acquire iSoftStone for US$0.57 per ordinary share of...

Penns Woods Bancorp, Inc. (PWOD) reported net income for the first quarter of $3.5 million or $0.72 per share, compared to $3.7 million or $0.96 per share for the year-ago quarter. Operating earnings per share for the first quarter were $0.63, compared to $0.79 in the the same quarter last year. Net...

1st United Bancorp, Inc. (FUBC) reported net income for the first quarter of $2.7 million or $0.08 per share, compared t $1.6 million or $0.05 per share for the year-ago quarter. Net interest income for the first quarter rose to $18.7 million from $16.7 million a year ago. Provision for loan losses...

Citizens Holding Company (CIZN) reported net income for the first quarter of $1.8 million or $0.37 per share, compared to $1.4 million or $0.29 per share for the year-ago quarter. Net interest income for the first quarter of 2014, after the provision for loan losses for the quarter, was $6.86 million,...

Cubist Pharmaceuticals, Inc. (CBST) said Friday that it is voluntarily recalling one lot of Cubicin to the user level due to the presence of particulate matter, reported through customer complaint and identified as glass particles, found in a single vial from that lot, produced by a contract manufacturer. The...