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Nike Inc (NKE) on Tuesday said Phil Knight plans to step down as chairman of the company sometime in 2016. Knight has informed the Nike board of his recommendation to have Mark Parker, the company's chief executive officer, succeed him. Knight, who founded Nike, said he will continue to be actively...

Intralinks Holdings, Inc. (IL) said Tuesday that it has appointed Chris Lafond as its new executive vice president and chief financial officer. Lafond succeeds Derek Irwin, who has left the company to pursue other opportunities. Lafond is an experienced executive leader who most recently was...

Xerox (XRX) on Tuesday said it has closed the sale of its Information Technology Outsourcing ("ITO") business to French multinational IT services company Atos SE. The company said it expects to use the net after-tax proceeds of about $850 million from the transaction to repurchase common stock and...

CalAmp Corp (CAMP), a provider of wireless communications solutions, on Tuesday reported first-quarter net earnings of $4 million or $0.11 per share compared with $2.7 million or $0.07 per share last year. Excluding items, adjusted earnings for the quarter were $0.26 per share compared with $0.19...

Drone maker AeroVironment, Inc. (AVAV) reported net income for the fourth quarter of $7.1 million or $0.31 per share, compared to $8.1 million or $0.35 per share for the year-ago quarter. Earnings per share for the fourth quarter of fiscal 2015 included a loss of $0.01 per share due to losses on...

BGC Partners Inc (BGCP), a brokerage company servicing the financial and real estate markets, on Tuesday said it now expects second-quarter distributable earnings revenues and pre-tax distributable earnings to be around the mid-point of its previous guidance range. In April, the company said it expected...

Donaldson Company, Inc. (DCI) said Tuesday that it has acquired a majority stake in IFIL.USA, LLC, a manufacturer of pleated bag filters for industrial dust collection. The agreement with IFIL USA is expected to contribute about $6 million to $8 million of revenue to Donaldson's fiscal 2016 results. Founded...

Evotec AG on Tuesday said it was updated by its partner Roche (RHHBY) on the initial results of the Phase IIb trial with Sembragiline (RG1577, EVT302), a MAO-B inhibitor for the treatment of Alzheimer's disease ("AD"). In this study, Sembragiline failed to demonstrate benefit on the primary endpoint...

A federal appeals court on Tuesday upheld a ruling that Apple Inc (AAPL) colluded with publishers to raise prices of e-books. The Second U.S. Circuit Court of Appeals, in a 2-1 vote, agreed with a judge's ruling two years ago that Apple violated federal antitrust law by conspiring with publishers...

Media and entertainment conglomerate Walt Disney Co (DIS) on Tuesday named Christine McCarthy as its senior executive vice president and chief financial officer, effective immediately. McCarthy, till recently treasurer of the company, succeeds James Rasulo, whose resignation Disney announced earlier...

Madison Square Garden Co (MSG), which is engaged in sports, entertainment and media businesses, on Tuesday named David "Doc" O'Connor president and chief executive officer, effective July 15. O'Connor joins the company after spending the last three decades at Creative Artists Agency, serving as managing...

Avanir Pharmaceuticals Inc (AVNR) on Tuesday announced top-line data from the PRISM II study showing that treatment with NUEDEXTA was associated with a statistically significant reduction in symptoms of pseudobulbar affect ("PBA") in patients with traumatic brain injury ("TBI") or stroke. PBA is...

Malibu Boats LLC (MBUU), a provider of watersports boats, on Tuesday said it has filed a lawsuit for patent infringement against MasterCraft Boat Co LLC. The complaint, filed in the United States District Court for the Eastern District of Tennessee, alleges infringement of U.S. Patent related to MasterCraft's...

OMNOVA Solutions Inc (OMN) on Tuesday reported second-quarter net income of $3.9 million or $0.09 per share compared with $3.4 million or $0.07 per share last year. Excluding items, adjusted earnings were $0.11 per share compared with $0.09 per share a year ago. Analysts polled by Thomson Reuters...

French media conglomerate Vivendi SA said Tuesday that it has bought from Orange SA an 80% stake in video-sharing website Dailymotion for 217 million euros. The acquisition is at the core of Vivendi's digital strategy. With Dailymotion, the company benefits from an over-the-top distribution platform...

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