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Tech giant Apple Inc. (AAPL) is in talks to settle a lawsuit brought by electric-car battery maker A123 Systems, which has accused the iPhone maker of poaching key engineers to build a new battery division, according to media reports on Tuesday. Livonia, Michigan-based A123 Systems, a wholly-owned...

At the 2015 Game Developers Conference held in San Francisco, Sony Corp.'s (SON.L, SNE) Sony Computer Entertainment Inc. unveiled the new prototype of "Project Morpheus" - a virtual reality or VR system that takes the PlayStation4 or PS4 system to the next level of immersion and demonstrates the future...

Aliyun, Alibaba (BABA)'s cloud computing business, announced the opening of its first overseas data center in Silicon Valley, signifying an important move to serve clients globally. The company noted that the center will initially target Chinese enterprises based in the United States with the plan...

Cal Dive International Inc (CDVI.OB) announced that it and its U.S. subsidiaries have filed simultaneous voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code. The Company's foreign subsidiaries...

The Department of Justice's U.S. Trustee Program or USTP has entered into a national settlement agreement with JPMorgan Chase Bank N.A. or Chase requiring Chase to pay more than $50 million, including cash payments, mortgage loan credits and loan forgiveness, to over 25,000 homeowners who are or were...

Vitamin Shoppe Inc. (VSI) said that Colin Watts will be joining the company as its new Chief Executive Officer effective April 6, 2015. Mr. Watts will also become a member of the Board of Directors. He is to succeed Tony Truesdale who announced in September 2014 his plans to retire in June 2015 after...

Shares of Ascena Retail Group, Inc (ASNA) dropped six percent in extended trading on Tuesday after the specialty apparel retailer reported results for the second quarter that missed analysts' expectations. The company also reported a profit for the quarter that plunged from last year, despite sales...

Actavis plc (ACT) announced that it has priced an offering of $21 billion aggregate principal amount of senior unsecured notes in 10 tranches in a registered public offering to be issued by its indirect wholly-owned subsidiary, Actavis Funding SCS, and guaranteed by certain of its other subsidiaries. The...

Shares of TiVo, Inc. (TIVO) surged more than six percent in extended trading on Wednesday after the set-top box maker reported results for the fourth quarter that topped analysts' expectations. The company also reported a profit for the quarter that surged from last year, reflecting lower operating...

TransData, Inc., announced that it received notification from the U.S. Patent and Trademark Office that the Patent Trial and Appeal Board has denied three Inter Partes Review or "IPR" requests filed by General Electric Co. (GE) attempting to challenge the validity of TransData's Smart Electric Meter...

Chemicals giant EI DuPont De Nemours & Co. (DD) said its board has unanimously determined that the use of a universal proxy card would not be in the best interests of DuPont shareholders for a variety of reasons. In a letter date on February 23, 2015, Nelson Peltz and his firm, Trian Fund Management...

Social commerce solutions provider Bazaarvoice, Inc (BV) reported a net loss for the third quarter that narrowed from last year, reflecting lower expenses and double-digit revenue growth. Results also topped analysts expectations. "Our third quarter financial results reflect continued progress for...

Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted...

Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and...

Bob Evans Farms Inc. (BOBE) on Tuesday reported a drop in a profit for the third quarter, despite growth in revenues, with both earnings and revenues falling short of expectations. Moving head, the restaurant chain lowered its fiscal year 2015 outlook. Shares of Bob Evans Farms plunged over 18 percent...

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