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CM Innovation Corp, a unit of JCM American, doing business as JCM Global, on Tuesday finalized its acquisition of FL Group LLC, doing business as FutureLogic, from American Capital Ltd (ACAS). The financial terms of the deal were not disclosed. The deal's closing further enhances JCM's competitive...

U.S. grain processor Archer Daniels Midland Co. (ADM), Tuesday agreed to sell its global chocolate business to Cargill for $440 million. The transaction includes Archer Daniels' three chocolate plants in North America and three in Europe. The deal is expected to close in the first half of 2015, subject...

Biolase Inc. (BIOL) announced that it has appointed Jeffrey Nugent as its President and Chief Executive Officer, effective immediately. Nugent has served as Acting Chief Executive Officer and a member of the Board of Directors since June 2014. Nugent has a broad background in the medical device, medical...

Darden Restaurants Inc. (DRI) on Tuesday raised its earnings outlook for the first quarter of fiscal 2015 and reaffirmed its outlook for the full-year. The company noted that the anticipated results show improved guest satisfaction, sales and traffic trends at Olive Garden as a result of its brand renaissance...

Compuware Corp. (CPWR), a Detroit-based software developer, said Tuesday that it agreed to be acquired by private equity investment firm Thoma Bravo LLC, in a transaction valued at about $2.5 billion. The Compuware board unanimously approved the agreement and recommends that Compuware's shareholders...

Actavis plc (ACT) announced that the U.S. Food and Drug Administration or FDA has accepted for filing Actavis' New Drug Application or NDA for eluxadoline, an investigational drug for the treatment of diarrhea and abdominal pain in men and women with diarrhea predominant Irritable Bowel Syndrome or IBS-D....

Aethlon Medical Inc. (AEMD.OB) said that it has received independent internal review board or IRB approval to initiate human clinical studies of Hemopurifier therapy at DaVita MedCenter Dialysis located in Houston, Texas. Previously, Aethlon disclosed that the United States Food and Drug Administration...

Grain processor Archer Daniels Midland Co. (ADM) Tuesday revealed an agreement to sell its global chocolate business to Cargill for $440 million, subject to a customary working-capital adjustment. The sale is expected to close during the first half of 2015. Included in the sale are chocolate manufacturing...

Cloud Peak Energy Inc. (CLD) said it lowered its 2014 shipment and Adjusted EBITDA guidance and provided its current medium term outlook. The company updated its guidance for 2014 coal shipments for its three owned and operated mines to between 83 million and 86 million tons, compared to its July...

ACADIA Pharmaceuticals Inc. (ACAD), a biopharmaceutical company, Tuesday said the U.S. Food and Drug Administration has granted Breakthrough Therapy designation to NUPLAZID (pimavanserin) for the treatment of Parkinson's disease psychosis. ACAD, which closed at $23.98 on Friday, climbed 14.7 percent...

Halliburton (HAL) announced Tuesday that it has reached an agreement to settle a substantial majority of the plaintiffs' class claims asserted against the company as a result of the April 20, 2010 Macondo well incident in the Gulf of Mexico. The approximately $1.1 billion settlement, which includes...

Blackbaud, Inc. (BLKB), a provider of software and services for nonprofits, Tuesday said it has signed an agreement to acquire MicroEdge, LLC, an innovative provider of mission-critical software solutions for the philanthropic giving community worldwide. Under the purchase agreement, Blackbaud will...

Covenant Transportation Group, Inc. (CVTI) Tuesday said the U.S. District Court for the Southern District of Ohio passed an unfavorable pre-trial decision in the 2008 cargo claim case against the company's unit Southern Refrigerated Transport, Inc. The court awarded the plaintiff nearly $5.9 million...

Darden Restaurants Inc. (DRI) said Tuesday that it expects net loss per share from continuing operations for its fiscal first quarter ended August 24, 2014 to be about $0.13 to $0.15, and quarterly adjusted net earnings per share from continuing operations of $0.31 to $0.33. Analysts polled by Thomson...

Discount retailer Family Dollar Stores, Inc. (FDO) Tuesday confirmed that it has received a revised, non-binding, unsolicited proposal from Dollar General (DG) to acquire all of the outstanding common shares of Family Dollar. Earlier in the day, Dollar General said it would increase its all-cash proposal...