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Mylan Inc. (MYL) said Friday that it has launched Potassium Chloride Extended-release Tablets USP, 8 mEq and 10 mEq, which is the generic version of Upsher-Smith's Klor-Con. Mylan received final approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Application for the...

Citigroup Inc. (C) Friday announced the commencement of its offer to purchase for cash up to $700 million aggregate principal amount of its outstanding 6.125% Notes due 2017. The Notes had an aggregate principal amount outstanding of about $3.9 billion as of August 21. Citigroup said the Offer is...

G&K Services, Inc. (GK) said Friday that its Board of Directors has declared a quarterly dividend of $0.31 per share, an increase of 15% from its previous quarterly dividend rate of $0.27 per share. The increased dividend will be payable on September 26 to shareholders of record on September 11. This...

Northwest Bancshares Inc (NWBI), parent company of Northwest Savings Bank, said Friday it has realigned its management team as part of initiatives to improve profitability and enhance shareholder value. As a result of this reorganization, two Northwest executives, Steven Fisher and William Harvey,...

American Woodmark Corp. (AMWD) said Friday that Cary Dunston, Executive Vice President and Chief Operating Officer, has been promoted to President and Chief Operating Officer. In his new position, Dunston will assume the additional responsibility for the finance and information technology functions...

Japan-based Murata Manufacturing Co. Ltd. has agreed to buy Peregrine Semiconductor Corp. (PSMI) for $465 million, as mergers and acquisitions in the semiconductor chip industry continues to flourish. Following the news, shares of Peregrine surged 61 percent, trading just below the offer price. Murata...

Fast food giant McDonald's Corp. (MCD) on Friday named former executive Mike Andres as the new president of McDonald's USA, LLC to succeed Jeff Stratton, who is retiring. Andres' appointment is effective October 15, when Stratton retires after 41 years of service with the brand. "Mike is the ideal...

McDonald's Corp. (MCD) announced Friday that McDonald's USA president, Jeff Stratton, 58, has decided to retire after 41 years with the brand. As a result, the company has appointed former McDonald's Executive Mike Andres as McDonald's USA president effective October 15, the date of Stratton's retirement. Andres,...

Agricultural machinery maker Deere & Co. (DE) said Friday that it will indefinitely lay off about 460 employees at its Waterloo, Iowa operations, in response to current market demand for its products. The company has informed employees of the layoffs, which are effective from October 20. Dave DeVault,...

Keurig Green Mountain, Inc. (GMCR), a leader in specialty coffee, coffee makers, teas and other beverages, and packaged food giant Kraft Foods Group, Inc. (KRFT), Friday announced a multi-year licensing, manufacturing, and distribution agreement for Kraft's branded coffees in Keurig portion pack formats...

Mallinckrodt Plc (MNK) Friday announced that Gary Phillips, current Senior Vice President and Chief Strategy Officer, has been appointed to serve as Senior Vice President and President of the company's Autoimmune and Rare Disease business. In addition, Ray Furey, formerly Senior Vice President and...

Agricultural machinery maker Deere & Co. (DE) announced Friday that it will place about 460 employees who work in the company's Waterloo, Iowa operations on indefinite layoff in response to current market demand for its products. It said employees were informed today of the layoffs, which are effective...

Landauer, Inc. (LDR) Friday said William Saxelby, its President and Chief Executive Officer, will resign from the company and from the board, effective September 15, 2014. The company named Michael Leatherman as the interim Chief Executive. Saxelby has agreed to work with Leatherman in the near term...

ZBB Energy Corp. (ZBB) a developer of intelligent, renewable energy power platforms and hybrid vehicle control systems, Friday said it will offer 11.52 million shares of its common stock at a price of $1.12, through an underwritten public offering. The underwriters have an option to buy up to 1.72 million...

Holloman Energy Corp. (HENC.OB) Friday announced resignation of Robert Wesolek, and appointment of Gina Serkasevich as Chief Financial Officer. "We are pleased to escalate Gina Serkasevich's position on the executive team at Holloman Energy," stated Mark Stevenson, Holloman CEO. Serkasevich joined...