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Shares of Mastercard (MA) are seeing notable strength in afternoon trading on Wednesday, with the credit card giant currently up by 3.4 percent.

Micron Technology (MU) is posting a strong gain in afternoon trading on Wednesday after Citi initiated coverage of the chip maker with a Buy rating.

Shares of Sigma Designs (SIGM) have shown a substantial decline during trading on Wednesday, with the chip maker plunging by 30.7 percent.

Fast food giant Wendy's (WEN) is posting a notable gain in afternoon trading on Wednesday, climbing by 3.9 percent.

Linde AG (LDE.L, LNAGF.PK) said that its executive board has decided to resume talks with U.S.-based Praxiar Inc. (PX) about the essential conditions of a potential merger of equals between the two companies. Linde's executive board took the decision to resume talks after consultation with the Supervisory...

Curtiss-Wright Corp. (CW) Wednesday announced a definitive stock purchase agreement to acquire Teletronics Technology Corp. or TTC for $233 million in cash. The acquisition is expected to be accretive to 2017 earnings per share excluding the effects of purchase accounting. TTC is a privately held...

John Wiley & Sons Inc. (JW-B, JW-A) reported that its second-quarter net loss was $11.45 million or $0.20 per share, compared to profit of $43.60 million or $0.74 per share in the prior year. Adjused net income per share declined to $0.76 from $0.78 last year. Analysts polled by Thomson Reuters expected...

SunPower Corp. (SPWR) announced a broad restructuring program to position the company for long term, sustainable growth. This includes a workforce reduction of about 25 percent or 2,500 employees. As part of the restructuring, SunPower will rationalize capacity to balance production with near-term...

FIS (FIS) announced a definitive agreement to sell its SunGard Public Sector and Education businesses to Vista Equity Partners for $850 million. The company expects cash proceeds, net of taxes and deal-related expenses, from the transaction of approximately $500 million. Net cash proceeds will be used...

Starbucks (SBUX) said the company's five-year strategic plan targets to grow revenue by 10 percent, EPS by 15-20 percent, and drive mid-single digit comp growth each year, as it plans to open approximately 12,000 new stores globally by 2021. Howard Schultz, CEO, said: "Our Roasteries and Starbucks...

Brown-Forman Corp. (BFB, BFA) on Wednesday reported that its profit for the second quarter declined 1 percent from last year on lower sales and the impact of adverse foreign exchange. However, earnings per share for the quarter matched analysts' estimates, while revenues beat their estimates. Looking...

Xerox (XRX) announced long-term financial model as a standalone company, as it expects to complete the separation of Conduent Incorporated on Dec. 31, 2016. The new Xerox expects to: expand operating margins to be in the range of 12.5 - 14.5 percent in the near term by delivering at least $1.5 billion...

Illumina, Inc. (ILMN) announced the appointment of Sam Samad as Senior Vice President and Chief Financial Officer. He will join the company on January 6th, 2017. Sam will be responsible for the company's finance, accounting, investor relations, internal audit and treasury functions. Sam joins Illumina...

Southwest Airlines Co. (LUV) said that it flew 10.4 billion revenue passenger miles or RPMs in November 2016, an increase of 7.2 percent from the 9.7 billion RPMs flown in November 2015. Available seat miles (ASMs) increased 4.9 percent to 12.3 billion in November 2016, compared with November 2015...

Lowe's Companies, Inc. (LOW) announced the company expects earnings per share of approximately $3.521 for the 53-week fiscal year ending February 3, 2017. Total sales are expected to increase 9 to 10 percent, including the 53rd week. The 53rd week is expected to increase total sales by approximately...

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