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Steelcase Inc. (SCS) today reported third quarter net income of $11.8 million or $0.09 per share, compared to $23.0 million or $0.18 per share for the year-ago quarter. Excluding restructuring costs, adjusted earnings for the latest quarter were $0.29 per share. Revenue for the third quarter...

A recent poll demonstrated that most people do not believe that privacy guidelines will improve on the internet in the future. According to a Pew survey, 55% of respondents said there will not an accepted privacy-rights regime and infrastructure created in the coming decade.

Home Loan Servicing Solutions, Ltd. (HLSS) said Monday that its founer William Erbey will be stepping down as non-executive Chairman of the company's Board of Directors, effective January 16, 2015. The company also said that Robert McGinnis has been appointed non-executive Chairman of its board, effective...

TrueCar, Inc. (TRUE) said Monday that it expects a healthy U.S. auto industry in 2015 with sales of new cars and trucks rising at least 2.6% to 17 million units, the highest level since 2005. Total market sales, including new and used, should rise 3.4% to 55.4 million units in 2015 from about 54 million...

EnPro Industries Inc. (NPO) said Monday that it has bought Fabrico, Inc., a privately-held company offering highly engineered products and solutions to the land-based turbine industry. The business was acquired from Fabrico Holding Company LLC, a portfolio company of Prudential Capital Partners III,...

The Financial Reporting Council, Britain's accounting watchdog, said Monday that it has launched an investigation into members and a member firm in relation to preparation, approval and audit of the financial statements of Tesco Plc. (TSCO.L, TSCDY.PK) for the fiscal years 2012, 2013 and 2014 and their...

FirstEnergy Corp. (FE) said it is working on about $100 million in new transmission projects and also evaluating additional system upgrades to support northern West Virginia's expanding Marcellus Shale gas industry. The new transmission facilities will also enhance electric service reliability for Mon...

Russian state oil company OAO Rosneft (OJSCY, ROSN.L) said Monday that it has repaid about $7 billion of a loan it obtained to finance its acquisition of TNK-BP. The company added that its deal to buy Morgan Stanley's (MS) Global Oil Merchanting business has been terminated due to refusal of regulatory...

Altisource Portfolio Solutions S.A. (ASPS) announced that William Erbey, 65, is stepping down from his position as Director and Chairman of the Board of Directors of Altisource and that Timo Vättö, 50, has been appointed as Chairman, effective January 16, 2015. Erbey, who served as Director and Chairman...

Defense contractor Raytheon Co. (RTN) announced Monday that it has bagged a $2.4 billion foreign military sales contract for new-production fire units of the combat-proven Patriot Air and Missile Defense System for the State of Qatar. The deal is part of Qatar's Armed Services modernization and recapitalization...

Chemical giant EI DuPont De Nemours & Co. (DD) announced that it is consolidating its corporate headquarters at the company's Chestnut Run Plaza campus in New Castle County effective July 1, 2015, following a review of separation of assets and real estate associated with the separation of the company's...

Ocwen Financial Corp. (OCN) announced that it has reached a comprehensive settlement with the New York Department of Financial Services or "DFS" related to the agency's recent investigation. As part of the settlement, founder William Erbey will step down from his position as Executive Chairman of Ocwen,...

Biomedical products company Cerus Corp. (CERS) said that its Phase 2 clinical trial of red blood cells treated with the INTERCEPT Blood System met its primary endpoint. The company noted that preliminary analysis demonstrating that greater than 75 percent of treated red blood cells continued to circulate...

Branded apparel maker American Apparel, Inc. (APP) on Monday announced that Allan Mayer and David Danziger have stepped down as Co-Chairmen of the Board and will be replaced by Board Member Colleen Brown as Chairperson. The company noted that Mayer and Danziger will continue to serve as Members of...

Russian state oil company OAO Rosneft (ROSN.L) said that it repaid part of a loan obtained to finance the acquisition of TNK-BP. It paid to lenders around $7 billion. In such a manner, the overall amount paid throughout the year totaled $24 billion in full accordance with the credit agreement, Rosneft...