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UK-based drugmaker GlaxoSmithKline Plc. (GSK, GSK.L)'s chief executive officer Andrew Witty said the company had the option to separate its consumer healthcare business at a time when it offered more value as a standalone entity, the Financial Times reported. However, there are no such plans in the...

Australian lender National Australia Bank Ltd. (NAUBF, NABZY, NAB.AX) agreed Monday to offload a 625 million British pound or $1.1 billion, parcel of mostly non-performing loans from its UK Commercial Real Estate or UK CRE, portfolio to US private-equity firm Cerberus Global Investors. The deal will...

Gas Natural Inc. (EGAS) Sunday said it has appointed Kevin Degenstein as Chief Operating Officer and Chief Compliance Officer effective August 1, 2014. He will have operational and regulatory oversight of the Company's operating subsidiaries including Energy West, Frontier Natural Gas, Bangor Natural...

Japanese car maker Nissan Motor Co. Ltd. (NSANY.PK) is recalling more than 226 thousand additional cars with potentially defective air bags made by Japanese parts supplier Takata Corp., as the faulty air bag inflaters could cause the bags to rupture. The US National Highway Traffic Safety Administration...

Welding products maker Lincoln Electric Holdings Inc. (LECO), Sunday reported an increase in profit for the second quarter, as margins improved and operating costs dropped. Earnings for the quarter came in ahead of analysts' estimates, but revenues fell short of expectations. Cleveland, Ohio-based...

An American doctor, Dr. Kent Brantly, has tested positive for the deadly Ebola disease in Liberia, reports said quoting a statement from North Carolina-based Samaritan's Purse. The doctor, aged 33, is working for a relief organization in Liberia. The virus is highly contagious. Its symptoms include...

Internet giant Google Inc. (GOOG, GOOGL) significantly increased its spending on acquisitions in the first half of the year, a regulatory filing showed. The company spent about $4.2 billion in acquisitions in the period, mostly for the purchase of thermostat company Nest Labs Inc. in February, up...

Deutsche Bank AG (DB), HSBC Holdings Plc (HSBA.L, HBC) and Bank of Nova Scotia have been accused in a lawsuit filed by an investor of rigging the price of several billions of dollars in silver by unlawfully manipulating the price of the metal and its derivatives, Bloomberg reported. The suit includes...

Investment bank Goldman Sachs Group Inc. (GS) is in talks to settle claims by the Federal Housing Finance Agency that the company sold faulty mortgage-backed securities to mortgage giants Fannie Mae and Freddie Mac, Bloomberg reported. The lender is likely pay $800 million to $1.25 billion to settle...

Israel Saturday agreed to a request from the United Nations to extend the temporary ceasefire in the Gaza strip by 24 hours. But Hamas rejected the call, stating that any truce that does not guarantee a total withdrawal of Israeli forces from the conflict area is not acceptable. A 12-hour humanitarian...

The TJX Companies, Inc. (TJX) announced it is recalling "ecoato" Sweet Paprika Powder products as they have the potential to be contaminated with Salmonella. The potential for contamination was noted after spot testing by the Food and Drug Administration revealed the presence of Salmonella in some samples...

Maternity apparel retailer Destination Maternity Corp. (DEST) announced Friday that it does not intend to make an offer for UK-based mother and baby apparel retailer Mothercare Plc (MTC.L) and is withdrawing its proposal for a possible combination. It was on July 2 that Destination Maternity confirmed,...

AcelRx Pharmaceuticals, Inc. (ACRX) announced late Friday that the U.S. Food and Drug Administration or FDA has issued a Complete Response Letter or CRL for the company's new drug application for Zalviso (sufentanil sublingual tablet system). The specialty pharmaceutical company focused on the treatment...

Israel and Hamas have agreed to a 12-hour humanitarian ceasefire in Gaza Strip that will start Saturday morning, reports said. Efforts to negotiate a seven-day ceasefire are still ongoing. As per an Israeli spokesperson, troops would keep searching for tunnels used by militants during the brief truce,...

SkyWest, Inc. (SKYW), a holding company for two scheduled passenger airline operations and an aircraft leasing company, late Friday said it now expects second-quarter financial results to be lower than it previously anticipated. The company now expects net loss between $12 million and $14 million...