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Healthcare giant Merck & Co., Inc. (MRK) Wednesday said it completed the sale of its consumer care business to German conglomerate Bayer AG (BYR.L, BAYRY.PK, BAYZF.PK). Merck said Bayer will acquire Merck's existing over-the-counter business, including the global trademark and prescription rights...

Automaker Ford Motor Co. (F) reported Tuesday that U.S. vehicles sales for the month of September decreased 2.7 percent from last year, despite Ford Fusion, Explorer, and Transit Connect posting record sales performance. Meanwhile, retail sales improved 2 percent. Sales for passenger cars, and trucks...

Audi of America Inc., an unit of AUDI AG (AUDVF.PK), reported that its September 2014 sales increased 14.2% to 14,917 vehicles from 13,065 vehicles in the same month last year. Audi Certified pre-owned vehicles sales for the month improved 29.6% to 3,866 units from last year's 2,982 units. After...

General Motors Co. (GM) outlined its strategic plans, which include several major initiatives that the company anticipates will help it achieve 9- to 10-percent margins on an EBIT-adjusted basis by early next decade. The company's CEO Mary Barra and her executive leadership team outlined the strategic...

Deere & Company (DE) announced that James Israel, president, John Deere Financial, has elected to retire after 35 years of service and it has appointed Michael Mack, Jr. as group president, John Deere Financial Services, Global Human Resources and Public Affairs. Max Guinn is appointed president,...

Automaker General Motors Co. (GM) reported that total U.S. vehicle sales for the month of September 2014 rose 19.4% to 223,437 units from 187,195 units in the prior year month. Retail deliveries, which are sales to individual consumers, were up 17 percent. Fleet deliveries were up 30 percent, including...

Automaker Chrysler Group LLC reported Wednesday a 19 percent increase in total U.S. sales for the month of September, marking the 54th consecutive month of year-over-year sales gains, reflecting sales growth in four of its five brands. The company also recorded the best September sales since 2005, and...

Design software maker Autodesk, Inc. (ADSK) Wednesday backed its business outlook for the third quarter and fiscal year 2015. The firm also announced the appointment of Scott Herren as senior vice president and chief financial officer, effective November 1. Herren, who is currently serving as senior...

Nissan Group (NSANF.PK, NSANY.PK) reported total U.S. sales for September 2014 of 102,955 units, an increase of 18.5 percent over the prior year. Total car sales grew 13.2% year-over-year to 60,574 units, while total truck sales rose 27.0% to 42,381 units over a year earlier. Nissan Division September...

Ford Motor Co. (F) reported that its U.S. sales for the month of September 2014 declined 2.7% to 180,175 vehicles from 185,146 vehicles in the same month last year. But, Retail sales of 137,297 vehicles increased 2 percent. Car sales for the month of September decreased 6.9% year-over-year to 53,609...

ARI Network Services Inc. (ARIS) announced it has acquired TCS Technologies, a provider of software, websites and digital marketing services designed exclusively for dealers, wholesalers, retreaders and manufacturers within the automotive tire and wheel vertical. Terms of the deal were not disclosed....

McClatchy Co. (MNI) said that it and the remaining partners in Classified Ventures, LLC or CV completed the sale of their entire stakes in CV to Gannett Co., Inc. (GCI) for a price that values CV at $2.5 billion. The definitive agreement to sell the ownership stakes was originally announced on Augugu...

BlackBerry Limited (BBRY, BB.TO) announced the appointment of Michael Daniels, former Chairman and CEO of Mobile 365, to the company's Board of Directors. With the addition of Daniels, the company's Board of Directors now consists of seven members, six of whom are independent members. Giving a brief...

Lighting fixtures maker Acuity Brands, Inc. (AYI) posted 22 percent higher net income of $54.8 million, or $1.26 per share in the fourth quarter, compared with $44.9 million, or $1.03 per share, in the prior-year period. On average, 13 analysts polled by Thomson Reuters expected the company to report...

Frontline Management (Bermuda) Ltd. (FRO, FRO.L) and Tankers International LLC Wednesday announced the formation of a new company, VLCC Chartering Ltd. The new company aims to create a larger fleet with more flexibility and more options for cargo owners and a single point of contact to access these...