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Sky-mobi Limited (MOBI), a mobile application platform in China, Tuesday announced that through its controlling subsidiary Mopin Technology Co., Ltd., it has entered into a strategic partnership with E Surfing, China Telecom's mobile internet services platform. Under the terms of the agreement, Sky-mobi...

Cree Inc. (CREE) announced it has filed patent infringement lawsuits in the District Court for the Western District of Wisconsin to prevent Harvatek Corp. and Kingbright Corp. from infringing the company's patented intellectual property. The company said the patents, among other things, protect its...

Package delivery giant United Parcel Service (UPS) Tuesday said it expects to hire between 90,000 and 95,000 seasonal employees to support the expected holiday surge in package deliveries that would begin in October and continue through January 2015. UPS said it is gearing up for increased holiday...

UPS (UPS) said it expects to hire between 90,000 - 95,000 seasonal employees to support the anticipated holiday surge in package deliveries that will begin in October and continue through January 2015. The company said it is gearing up for increased holiday delivery volume in 2014 as it prepares to...

Entropic (ENTR) said that its Board has authorized the evaluation of strategic alternatives to enhance shareholder value. The Board intends to consider a wide range of alternatives available to the Company. The company has engaged investment bank Barclays in connection with its efforts. The company...

Washington Prime Group Inc. (WPG) said that it agreed to acquire Glimcher Realty Trust (GRT) in a stock and cash transaction valued at $14.20 per Glimcher common share. The total transaction value, including the assumption of debt, is about $4.3 billion. As per the terms of the transaction, which...

Investment banking firm Jefferies Group LLC, a part of diversified holding company Leucadia National Corp (LUK), on Tuesday reported a surge in profit for the third quarter from last year on higher investment banking revenues as well as strong sales and trading business results. The company's net...

U.S. Energy Corp. (USEG) said its President and Chief Operating Officer, Mark Larsen, has notified the board that he will retire from his roles with effect from December 31, 2014. Larsen has been employed by the firm since June 1984 and he was named President and COO in August 2005. In his leadership,...

Kimberly-Clark Corp. (KMB) announced that Halyard Health, Inc., its subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Halyard Health at the end of October 2014. The company said the external financing is expected to consist of a senior secured term...

Leucadia National Corp. (LUK) owned Jefferies Group LLC Tuesday reported a surge in its third-quarter earnings, driven by a boost in the group's investment banking revenues. Net earnings attributable to stockholders soared to $83.6 million from $11.7 million a year ago. Earnings before income...

Assurant Inc. (AIZ) announced the appointment of Alan Colberg, as president, effective immediately, and as chief executive officer and director of the company's board, effective Jan. 1, 2015. He succeeds Robert Pollock. Colberg joined the company following a 22-year career with Bain & Company, Inc.Since...

SL Green Realty Corp. (SLG) and joint venture partner, The Moinian Group, announced an agreement to sell 180 Maiden Lane for $470 million. The buyer is a venture led by Murray Hill Properties and Clarion Partners, a real estate investment manager. The sale may be complete in the fourth quarter of 2014. SL...

NxStage Medical Inc. (NXTM), a manufacturer of dialysis products, announced that its single needle technology, OneSite, has received the U.S. Food & Drug Administration or FDA clearance. The OneSite employs a unique dual lumen needle design offered in both a sharp version with MasterGuard and a buttonhole...

Hertz Global Holdings Inc. (HTZ) announced a definitive agreement with Carl Icahn and affiliated entities under which Vincent Intrieri, Samuel Merksamer and Daniel Ninivaggi have been appointed to the Hertz Board as Class II, Class I and Class I directors, respectively. Messrs. Intrieri, Merksamer and...

Dick's Sporting Goods, Inc. (DKS) said Tuesday that Joseph Schmidt has informed on September 10 of his intention to retire as president and chief operating officer of the omni-channel sporting goods retailer, a role he has held since 2009. The company also announced other executive changes. Schmidt...