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The U.S. Securities and Exchange Commission charged Goldman, Sachs & Co. (GS) with violating the market access rule in connection with a trading incident that resulted in erroneous executions of options contracts. The company agreed to pay a $7 million penalty to settle the charges. An SEC investigation...

General Electric Co. (GE) said Tuesday the members of its two largest unions have voted to approve new four-year national labor contracts with the company. Voting by members of the IUE-CWA and the United Electrical, Radio and Machine Workers of America was completed today, and the national agreements...

Quest Diagnostics (DGX), a provider of diagnostic information services, on Tuesday said it has agreed to buy MemorialCare Health System's laboratory outreach service business. The financial terms of the deal were not disclosed. Quest expects the deal to be neutral to earnings in 2015. Under the...

CNX Coal Resources LP, a limited partnership formed by CONSOL Energy Inc. (CNX), said Tuesday that it has priced its initial public offering of 5 million units representing limited partner interests at $15.00 per unit. The units are scheduled to begin trading on the New York Stock Exchange on Wednesday,...

Coal producer Peabody Energy (BTU) on Tuesday said it expects second-quarter adjusted EPS and adjusted EBITDA to to be below the original targeted range due to weather-related shipment issues in the Southern Powder River Basin and lower seaborne coal pricing. In April, Peabody had initially forecast...

Nike Inc (NKE) on Tuesday said Phil Knight plans to step down as chairman of the company sometime in 2016. Knight has informed the Nike board of his recommendation to have Mark Parker, the company's chief executive officer, succeed him. Knight, who founded Nike, said he will continue to be actively...

Intralinks Holdings, Inc. (IL) said Tuesday that it has appointed Chris Lafond as its new executive vice president and chief financial officer. Lafond succeeds Derek Irwin, who has left the company to pursue other opportunities. Lafond is an experienced executive leader who most recently was...

Xerox (XRX) on Tuesday said it has closed the sale of its Information Technology Outsourcing ("ITO") business to French multinational IT services company Atos SE. The company said it expects to use the net after-tax proceeds of about $850 million from the transaction to repurchase common stock and...

CalAmp Corp (CAMP), a provider of wireless communications solutions, on Tuesday reported first-quarter net earnings of $4 million or $0.11 per share compared with $2.7 million or $0.07 per share last year. Excluding items, adjusted earnings for the quarter were $0.26 per share compared with $0.19...

Drone maker AeroVironment, Inc. (AVAV) reported net income for the fourth quarter of $7.1 million or $0.31 per share, compared to $8.1 million or $0.35 per share for the year-ago quarter. Earnings per share for the fourth quarter of fiscal 2015 included a loss of $0.01 per share due to losses on...

BGC Partners Inc (BGCP), a brokerage company servicing the financial and real estate markets, on Tuesday said it now expects second-quarter distributable earnings revenues and pre-tax distributable earnings to be around the mid-point of its previous guidance range. In April, the company said it expected...

Donaldson Company, Inc. (DCI) said Tuesday that it has acquired a majority stake in IFIL.USA, LLC, a manufacturer of pleated bag filters for industrial dust collection. The agreement with IFIL USA is expected to contribute about $6 million to $8 million of revenue to Donaldson's fiscal 2016 results. Founded...

Evotec AG on Tuesday said it was updated by its partner Roche (RHHBY) on the initial results of the Phase IIb trial with Sembragiline (RG1577, EVT302), a MAO-B inhibitor for the treatment of Alzheimer's disease ("AD"). In this study, Sembragiline failed to demonstrate benefit on the primary endpoint...

A federal appeals court on Tuesday upheld a ruling that Apple Inc (AAPL) colluded with publishers to raise prices of e-books. The Second U.S. Circuit Court of Appeals, in a 2-1 vote, agreed with a judge's ruling two years ago that Apple violated federal antitrust law by conspiring with publishers...

Media and entertainment conglomerate Walt Disney Co (DIS) on Tuesday named Christine McCarthy as its senior executive vice president and chief financial officer, effective immediately. McCarthy, till recently treasurer of the company, succeeds James Rasulo, whose resignation Disney announced earlier...

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