Breaking News

Share SHARE

Cubist Pharmaceuticals, Inc. (CBST) said Friday that the U.S. Food and Drug Administration has approved Zerbaxa for the treatment of adults with complicated urinary tract infections and complicated intra-abdominal infections caused by designated susceptible Gram-negative bacteria. The approval of...

Scotiabank (BNS, BNS.TO) on Friday said its subsidiary has agreed to buy the retail and commercial banking operations of Citibank (C) in Peru, subject to regulatory approval. Scotiabank said the deal is not material to it, and its common equity tier one capital ratio will be impacted by less than...

Diversified manufacturer United Technologies Corp. (UTX) said Friday that it has received notice of an unsolicited mini-tender offer by TRC Capital Corp. to buy up to 1 million shares, or about 0.11%, of the company's outstanding common stock at a price of $108.85 per share in cash. The offering...

Overseas Shipholding Group Inc (OSGB) on Friday appointed Douglas Wheat as Chairman. Also it named Rick Oricchio as Senior Vice President and Chief Financial Officer, efffective January 12, 2015. The management changes, the company said, comes even as it continues with the strategy following its emergence...

Ryerson Holding Corp. (RYI) said Friday that President and Chief Executive Officer Michael Arnold has informed the company's Board of Directors of his intent to retire next year. Arnold has served as Ryerson's president and CEO since January 2011. Prior to joining Ryerson, he spent over 31 years...

Drugstore chain Walgreen Co. (WAG) said Friday that it plans to apply to list the shares of Walgreens Boots Alliance, Inc. common stock on The Nasdaq Stock Market LLC under the ticker symbol "WBA" following the closing of the reorganization of Walgreens into a holding company structure pursuant to a...

Diversified media company News Corp (NWS, NWSA) on Friday said it has acquired BigDecisions.com in India. BigDecisions.com aims to help Indian consumers make smarter financial decisions through interactive, decision-making tools powered by sophisticated algorithms and data. Its mission is to provide...

Estée Lauder Companies Inc. (EL) said Friday that it has signed an agreement to buy GLAMGLOW, the Hollywood skin care brand focused on fast-acting treatment masks designed to deliver stunning, camera-ready results. Terms of the deal, which is expected to close in January, were not disclosed. Founded...

Global Cash Access Inc, a subsidiary of Global Cash Access Holdings Inc (GCA), on Friday said it completed the $1.2 billion acquisition of Multimedia Games Holding Co Inc. The deal is expected to immediately add to GCA's earnings. "Today marks a great milestone as two organizations, with differentiated...

Waste Management, Inc. (WM) said Friday that it has completed the sale of Wheelabrator Technologies, Inc. to an affiliate of Energy Capital Partners for about $1.94 billion in cash. The deal was originally announced in July. Waste Management plans to use the net proceeds from the deal to drive...

Waste Management Inc (WM) on Friday said it completed the sale of its subsidiary, Wheelabrator Technologies Inc, to an affiliate of Energy Capital Partners ("ECP") for a cash sales price of about $1.94 billion. Waste Management intends to use the net proceeds from the deal to drive incremental shareholder...

BGC Partners Inc (BGCP), a brokerage company servicing the financial and real estate markets, on Friday raised its unsolicited cash tender offer to buy all of the outstanding shares of GFI Group Inc (GFIG) to $5.45 per share, up from the prior offer of $5.25 per share. The increased tender offer...

The dollar raced to new 28-month highs against the euro Friday, as traders bet the European Central Bank can no longer afford to dither on massive quantitative easing. The ECB has been reluctant to offer additional stimulus, but the threat of a crippling deflationary spiral is likely to spur action...

VirnetX Holding Corp. (VHC) and Microsoft Corp. (MSFT) said Friday that VirnetX, Inc. and Microsoft have signed an amended settlement and license agreement, under which Microsoft will pay $23 million to VirnetX to settle the patent dispute and expand Microsoft's license. The new agreement amends...

American National Bankshares Inc. (AMNB), parent company of American National Bank and Trust Co., said Friday that Charles Majors will retire from his role as Executive Chairman on December 31. As the final step in the company's succession plan, he will transition to non-executive chairman of the...