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Tullow Oil Plc. (TLW.L) Wednesday said it expects to generate $0.6 billion of pre-tax operating cash flow, before working capital, for the first half of 2017, higher than last year. The increase is a result of insurance proceeds, contributions from TEN, and increased contributions from Jubilee. The...

Toshiba Corp. (TOSYY.PK) and Toshiba Memory Corp.filed a petition with the Tokyo District Court against Western Digital Corporation, a U.S. company, and its subsidiary Western Digital Technologies, Inc. (WDC), seeking a provisional disposition order for an injunction against acts of unfair competition,...

Spectranetics Corp. (SPNC), a vascular intervention and lead management solutions provider, announced Wednesday that it has entered into a definitive merger agreement to be bought by Royal Philips (PHG). Under the deal, Philips will commence a tender offer to buy Spectranetics for $38.50 per share,...

ABN AMRO (ABNYY.PK), a retail and commercial bank, on Wednesday announced that NL Financial Investments or NLFI, on behalf of the Dutch state, has agreed to sell 65 million depositary receipts representing ordinary shares in ABN AMRO Group for a price of 22.75 euros per Depositary Receipt. ABN AMRO...

Nestlé SA (NSRGY.PK, NSTR.L) said that its board approved a share buyback program of up to 20 billion Swiss francs, to be completed by the end of June 2020. Should any sizeable acquisitions take place during this period, the share buyback program will be adapted accordingly. The buyback program is...

Music streaming service Pandora (P) is posting a notable loss in afternoon trading on Tuesday, sliding by 1.9 percent.

After rising sharply early in the session, shares of Darden Restaurants (DRI) have pulled back off their best levels but remain firmly positive in afternoon trading on Tuesday.

Shares of Sprint (S) are seeing significant strength in afternoon trading on Tuesday, with the telecom company jumping by 5.4 percent.

Potlatch (PCH) was downgraded after disappointing timber tariff news and valuation concerns. Raymond James cut its rating to market perform from outperform and removed the stock price target.

News Corp.(NWS, NWSA) said that it welcomed the European Commission's leadership in confronting the discriminatory behavior of Google in the comparison shopping industry. Other regulators and companies have been intimidated by Google's overwhelming might, but the Commission has taken a strong stand. News...

New York Community Bancorp Inc. (NYCB) said that it has entered into an agreement to sell its mortgage banking business, which was acquired as part of its 2009 FDIC-assisted acquisition of AmTrust Bank, to residential mortgage industry leader, Freedom Mortgage Corporation. Freedom will acquire both...

Pandora (P) said that Tim Westergren has decided to step down from his position as CEO and the board of directors will begin a search for a new CEO immediately. The company noted that CFO Naveen Chopra was named interim CEO. With these changes, Westergren will also no longer be a member of the Pandora...

Wells Fargo & Company (WFC) announced an agreement with USI Insurance Services to sell Wells Fargo Insurance Services USA, which includes its Insurance Brokerage and Consulting, Employee Benefits and Property & Casualty national practices, along with Safehold Special Risk, Small Business Insurance, Student...

Teva Pharmaceutical Industries Ltd. (TEVA) and Xenon Pharmaceuticals Inc. (XENE) said that a Phase II study of topical TV-45070 in patients with post-herpetic neuralgia or PHN did not meet the primary endpoint of a statistically significant change in pain from baseline to week four as assessed by the...

21st Century Fox Inc. (FOX, FOXA) said that the Republic of Ireland's Minister for Communications, Climate Action and Environment has cleared the company's acquisition of the outstanding shares of British satellite television network Sky Inc. (BSY.L, SKY.L) that Fox does not already own. The Minister...

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