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The Federal Reserve said Wednesday it will "be patient" in determining when to raise interest rates, a subtle change in language from its previous vow to keep rates near zero for a "considerable time." Nearly all Fed officials see a rate hike in 2015, but policy makers think increases will be even...

Varian Medical Systems (VAR) said on Wednesday it intends to submit an offer to acquire MeVis Medical Solutions AG, a company based in Bremen, Germany that provides image processing software and services for cancer screening. The company said that VMS Deutschland Holdings GmbH, a Varian affiliate,...

United Stationers Inc. (USTR) said Wednesday that its subsidiary, United Stationers Supply Co., has sold MBS Dev, a subsidiary focused on software solutions for distribution companies, to Project AX, a newly-formed Microsoft Dynamics AX provider. For the nine months ended September 2014, MBS Dev's...

DISH Network Corp. (DISH) said Wednesday that it has become the first major pay-TV provider in the U.S. to integrate the Netflix (NFLX) app into its set-top box. Available on DISH's second-generation Hopper, the app gives customers the ability to instantly stream Netflix movies and TV shows, including...

tesla-cars-121714.jpg The current drop in fuel prices could lead to a major sales dip for electric automaker Tesla, according to some industry experts. The Elon Musk led manufacturer had predicted sales of over 500,000 new vehicles by 2020, but now that number could fall by as much as 40 percent.

BlackBerry Ltd. (BBRY, BB.TO) on Wednesday unveiled the BlackBerry Classic, sporting its iconic QWERTY keyboard, familiar design and also a touch screen. The struggling Canadian smartphone maker expects the Classic to woo back consumers with preference for a physical keyboard and help it regain the...

Shares of Rice Midstream Partners LP (RMP) fell in their trading debut on the New York Stock Exchange Wednesday following its initial public offering. Rice Midstream Partners shares opened for trading at $15.79, and are currently trading at $15.77 after trading as high as $16.34 and as low as $15.75...

WESCO International Inc (WCC) on Wednesday said it now expects 2014 earnings to be at the lower end of its prior guidance, and provided a weak outlook for 2015. The company also announced a $300 million share buyback program that would be spread over three years. WESCO, based in Pittsburgh, Pennsylvania,...

Krispy Kreme Doughnuts, Inc. (KKD) on Wednesday said Executive Chairman Jim Morgan will now transition to the role of non-executive chairman, effective January 29, 2015. The move will complete the company's executive succession plan that saw Antony Thompson succeeding Morgan as the new president and...

Noting the recent press speculation, Catlin Group Ltd. (CGL.L) confirms that it has received an approach from Ireland-based XL Group plc (XL) for the possible acquisition of Catlin for consideration of 410 pence in cash and 0.130 shares of XL for each Catlin common share. The indicative offer from...

Automotive supplier Visteon Corp. (VC) said Wednesday that it has agreed to sell its 70 percent ownership interest in Halla Visteon Climate Control Corp. to South Korea-based private equity firm Hahn & Co. and Korean tire maker Hankook Tire Co. Ltd. for about $3.6 billion. Visteon noted that the...

21st Century Fox (FOXA, FOX) and funds managed by affiliates of Apollo Global Management, LLC (APO) announced the completion of the transaction to create a leading global multi-platform content provider, bringing together Endemol, Shine Group and CORE Media. Financial terms of the transaction were not...

Ampco-Pittsburgh Corp. (AP) announced that its board has elected John Stanik, age 61, as Chief Executive Officer and also as a Director, effective January 1, 2015. Stanik will succeed Robert Paul as the Company's Chief Executive Officer upon Paul's retirement effective December 31, 2014. Paul will...

Noting the announcement made by Catlin Group Limited this morning, XL Group plc (XL) confirmed that it is engaged in preliminary discussions with Catlin (CGL.L) regarding a potential transaction to acquire the company and form a combined entity. The transaction would require approval by the Boards...

French engineering giant Alstom SA (AOMFF.PK, ALS.L) confirmed on Wednesday that it is in talks with the U.S. Department of Justice with respect to its current investigations. According to media reports on Tuesday, Alstom is close to settling a foreign-bribery probe with the U.S. Justice Department...