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Financial services giant JPMorgan Chase & Co. (JPM) is eliminating hundreds of technology support employees in its corporate and investment bank amid a revenue decline, Bloomberg reported citing people familiar with the matter. Workers in locations including New York, Tampa, Chicago and Dubai were...

Truck maker Paccar Inc. (PCAR) on Tuesday reported a 9.5 percent increase in profit for the second quarter from last year, reflecting stronger industry truck sales in North America. Earnings per share for the quarter beat analysts' estimates by a penny. Ron Armstrong, chief executive officer of Paccar...

Paper and packaging company International Paper Co. (IP) reported Tuesday a profit for the second quarter that declined from last year, hurt by significant charges and a revenue decline. However, operating earnings per share topped analysts' expectations, while quarterly sales missed their estimates. "International...

ContraFect Corp. (CFRXU), a biotechnology company focused on protein and antibody therapeutic products for life-threatening infectious diseases, announced the pricing of its initial public offering of 6 million units priced at $6.00 per unit for total gross proceeds of $36 million. The offering was priced...

Ericsson (ERIC) announced Tuesday that it agreed to acquire US-based MetraTech Corp., a provider of metadata-based billing, commerce and settlement solutions uniquely adaptable to multiple business models and industries. The acquisition includes all 140 employees and contractors comprising a team of...

Direct Energy, a unit of Centrica Plc (CNA.L), Tuesday announced that it has acquired Astrum Solar, a full-service residential solar installer, for $54 million. The company noted that the acquisition of Astrum Solar launches its entry into the U.S. residential solar market and expands Direct Energy's...

Industrial equipment maker Illinois Tool Works Inc. (ITW) on Tuesday reported a surge in profit for the second quarter from last year, reflecting higher revenues and margins. Looking ahead to fiscal 2014, the company tightened its earnings outlook, but maintained its revenue growth forecast range. The...

Eltek Ltd. (ELTK) announced that Arieh Reichart shall step down as Chief Executive officer of the Company with immediate effect. Roberto Tulman, who has been serving as the Chief Technology Officer of the Company, shall assume the position of interim CEO. Tulman shall be supported by the Company's...

TCP Capital Corp. (TCPC) announced Tuesday that it has priced the public offering of 5.4 million shares of its common stock at $17.33 per share for total gross proceeds of about $93.6 million. The company has granted the underwriters an option for 30 days to purchase up to an additional 810,000 shares...

A. M. Castle & Co. (CAS), a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, reported that its second quarter 2014 net loss widened to $72.3 million or a loss of $3.10 per share from $3.8 million or $0.16 per share in the second quarter 2013....

GrafTech International Ltd. (GTI), a manufacturer of graphite and carbon material science-based solutions, Tuesday said second-quarter preliminary earnings were a net loss of $160 million, or $1.18 per share, compared to net income of $4.38 million or $0.03 per share in the same period of the prior year. The...

TF Financial Corp. (THRD) Tuesday reported second-quarter net income of $585 thousand or $0.19 per share down from $1.96 million or $0.64 per share last year. Excluding merger-related expenses, adjusted net income was $1.56 million or $0.50 per diluted share. Net interest income for the quarter...

Caterpillar Inc. (CAT) announced Tuesday that it has entered into definitive agreements with Société Générale to purchase a total of $2.5 billion of its common stock under accelerated stock repurchase transactions. In January of 2014, the company announced a similar $1.7 billion transaction, which was...

HCA Holdings, Inc. (HCA) Tuesday reported second-quarter net income attributable to the company of $483 million or $1.07 per share, up from $423 million or $0.91 per share in the prior year. The company said its recent-quarter results included losses on retirement of debt of $226 million, or $0.32...

Federal Signal Corporation (FSS) reported second-quarter income from continuing operations of $17.0 million, or $0.27 per share, compared to $117.8 million, or $1.87 per share, prior year. The company's prior year included a significant income tax benefit associated with the release of valuation allowance...