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European Oil giant BP Plc. (BP, BP.L) is seeking buyers for as much as $2 billion of U.S. pipelines and storage terminals, Bloomberg reported citing people familiar with the matter. In the last two weeks, BP sent offering materials to potential buyers of two batches of assets: Its interest in four...

The U.S. Department of Justice and the Consumer Product Safety Commission or CPSC jointly announced the filing of a complaint against Michaels Stores Inc. and its subsidiary Michaels Stores Procurement Co. Inc. in the U.S. District Court for the Northern District of Texas. Michaels is a publicly...

Family Dermatology P.C. which owns and operates a dermatopathology laboratory in Georgia and a number of dermatology practices throughout the Eastern United States, has agreed to pay the United States $3.25 million plus interest to settle allegations that it violated the False Claims Act by engaging...

Citizens Medical Center, a county-owned hospital in Victoria, Texas, has agreed to pay the United States $21.75 million to settle allegations that it violated the False Claims Act by engaging in improper financial relationships with referring physicians, the U.S. Justice Department announced today. The...

DISH Network Corp.'s (DISH) DISH Network L.L.C. and The Weather Channel have agreed to terms for a multi-year contract renewal that continues to provide DISH customers with access to The Weather Channel and its interactive app on Hopper Whole-Home HD DVR and other select set-top boxes. The agreement...

Energy giant ConocoPhillips (COP) is exploring the sale of some its North Sea assets in Norway as it seeks to divest overseas operations, Bloomberg reported citing people familiar with the matter. The report said that the company may sell Norwegian assets that are operated by others including stakes...

BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L), the world's biggest miner, said its iron ore production for the third quarter rose 20% year-over-year to 58.98 million tons. Iron ore production for the 2015 financial year is now expected to be 230 million tons, 2%t higher than prior guidance. Third...

Rush Enterprises, Inc. (RUSHA, RUSHB) reported net income for the first quarter of $16.8 million or $0.41 per share, compared to $12.0 million or $0.30 per share for the year-ago quarter. Total revenues for the first quarter rose 24.5% to $1.19 billion from $958.67 million a year earlier. Analysts...

Broadcom Corp. (BRCM) on Tuesday reported an increase in profit for the first quarter, as revenues and margins improved reflecting strength in the high-end smartphone and broadband markets. Both earnings and revenues for the quarter beat analysts' estimates with ease. Irvine, California-based Broadcom's...

TRW Automotive Holdings Corp (TRW) on Tuesday said its subsidiary, TRW Automotive Inc, has agreed to divest its Linkage and Suspension business to to THK Co Ltd for $400 million in cash, subject to working capital and other adjustments. The planned divestiture, with annual sales of about $550 million,...

Chipotle Mexican Grill Inc. (CMG) on Monday reported a surge in profit for the first quarter, as revenues climbed 20 percent on new restaurant openings and strong same-restaurant sales. Earnings for the quarter trounced Wall Street expectations, but revenues fell short of estimates, hurt largely...

Medical devices company Stryker Corp (SYK) on Tuesday reported first-quarter net earnings of $224 million or $0.58 per share compared with $70 million or $0.18 per share last year. Excluding items, adjusted earnings for the quarter were $1.11 per share compared with $1.06 per share a year ago. Stryker,...

Nabors Industries Ltd. (NBR) reported net income for the first quarter of $123.6 million or $0.42 per share, compared to $49.9 million or $0.16 per share for the year-ago quarter. Income from continuing operations for the first quarter was $124.4 million or $0.43 per share, compared to $49.0 million...

Gainers: Yahoo! Inc. (YHOO) was up nearly 1 percent to $44.95 as its first quarter adjusted earnigs per share as well as its revenue, excluding traffic acquisition costs, were below Wall Street view. The company said it will focus on accelerating its GAAP revenue growth while managing margins and...

ACE Limited (ACE) reported first-quarter net income of $681 million or $2.05 per share, compared to $734 million or $2.14 per share, prior year. Operating income per share was $2.25 for the quarter. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share...

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