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German conglomerate Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) is exploring a sale of its diabetes device unit, Bloomberg reported Monday, citing people with knowledge of the matter. According to the Bloomberg report, Credit Suisse Group AG is advising Bayer on a potential sale of the unit, which could...

The Financial Industry Regulatory Authority or FINRA announced that it has fined Citigroup Global Markets Inc. $15 million for failing to adequately supervise communications between its equity research analysts and its clients and Citigroup sales and trading staff, and for permitting one of its analysts...

Fitch Ratings said Monday that it has affirmed the ratings of Mohawk Industries, Inc. (MHK), including the company's Issuer Default Rating, at 'BBB-'. The Rating Outlook remains Positive. Fitch said the ratings for Mohawk reflect the company's leading market position in most of its major business...

Coal company Peabody Energy (BTU) Monday announced an agreement to establish a joint venture between Peabody's Wambo Open-Cut Mine and Glencore Plc's (GLCNF, GLNCY, GLEN.L) United Mine in New South Wales, Australia. The joint venture is expected to deliver significant synergies by improving productivity,...

Seagate Technology plc (STX) said Monday that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 to $500 million. The Notes were priced at 99.706% of the aggregate principal amount and will bear interest at a rate of...

Junk car auctioneer Copart, Inc. (CPRT) reported net income for the first quarter of $52.6 million or $0.40 per share, compared to $41.4 million or $0.32 per share for the year-ago quarter. Total service revenues and vehicle sales for the first quarter rose 3.8% to $290.39 million from $279.88 million...

Qihoo 360 Technology Co. Ltd. (QIHU), a China-based provider of Internet and mobile security products, Monday reported an increase in profit for the third quarter as revenues doubled. Moving ahead, the company expects fourth-quarter revenues above current Street estimates. Beijing, China-based Qihoo's...

Contracting service provider Dycom Industries Inc. (DY), Monday reported an increase in profit for the first quarter, driven largely by lower expenses despite lower contract revenues, with both earnings and revenues beating Wall Street estimates. Palm Beach Gardens, Florida-based Dycom Industries...

Wet Seal, Inc. (WTSL) said Monday that it has assembled a team to identify and analyze potential strategic and financial alternatives. The company said it has hired Houlihan Lokey as an investment banker and has also retained William Langsdorf as a senior advisor to the finance team. Houlihan...

Two Canadian pension funds - Ontario Teachers Pension plan and Canada's Public Sector Pension Investment Board - are nearing a $7 billion deal to buy Canadian satellite company Telesat Holdings Inc, Bloomberg reported Monday, quoting people familiar with the matter. As per the terms being discussed,...

Aegean Marine Petroleum Network Inc (ANW) Monday reported third-quarter net loss of $4.3 million or $0.09 per share compared with a profit of $7.3 million or $0.16 per share last year. Adjusted for the sale of non-core assets, earnings for the quarter were $0.20 per share. Revenues for the quarter...

News Corp (NWS, NWSA), Monday announced it has acquired a 25% stake in the parent company of PropTiger.com, a digital real estate marketing platform in India, for $30 million. News Corp said its investment continues the acceleration of its global digital footprint with an emphasis on India, where...

Network security software maker Palo Alto Networks Inc. (PANW), Monday reported a loss for the first quarter that widened from a year ago, hurt largely by one-time charges. However, adjusted profit for the quarter improved from a year ago, as revenues jumped, with both earnings and revenues trumping...

Qihoo 360 Technology Co. Ltd. (QIHU) reported net income for the third quarter of $57.7 million or $0.44 per ADS, compared to $44.5 million or $0.35 per ADS for the year-ago quarter. Excluding items, adjusted net income for the third quarter was $89.5 million or $0.63 per ADS, compared to $61.5 million...

iKang Healthcare Group Inc (KANG) Monday reported second-quarter net earnings to common stockholders of $15.5 million or $0.23 per American depositary share, or ADS. This compares with a loss of $2.7 million or $0.21 per ADS last year, when results included deemed dividend to preferred shareholders of...