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Starboard Value LP issued a letter to Staples Inc. (SPLS), commending the board again for negotiating and announcing the acquisition of Office Depot (ODP). Starboard Value LP is currently one of the largest shareholders of Staples, Inc., with a 4.5% ownership stake in the Company. Starboard believes...

CSX Corp. (CSX) said that it continues to expect strong earnings growth in the first quarter as merchandise and intermodal customers see growth opportunities and recognize the value and efficiency of freight rail service. By leveraging price and efficiency gains combined with expected volume increases,...

ING Group (ING) announced the pricing for the sale of 45.6 million shares of common stock of Voya Financial Inc. (VOYA) that was announced on 3 March 2015. In the public offering ING Group has sold approximately 32 million Voya shares at a price of $44.20 per share. In addition ING Group has sold to...

Baxter International Inc.'s (BAX) Baxter BioScience has acquired SuppreMol GmbH for EUR 200 million, or about $225 million before working capital and other adjustments, the two companies said Wednesday. SuppreMol is a privately-held biopharmaceutical company based in Martinsried, Germany developing...

PetSmart, Inc. (PETM) reported net income for the fourth quarter of $132.1 million or $1.32 per share, compared to $131.5 million or $1.28 per share in the year-ago quarter. Excluding one-time costs associated with the company's profit improvement program and transaction-related costs related to the...

Federated National Holding Co. (FNHC), a Florida-based provider of insurance, announced that effective immediately, Bruce Simberg has resigned as Chairman and a member of the Company's Board of Directors for personal reasons. The Company and the Board are currently evaluating alternatives with respect...

SkyWest Inc. (SKYW), the holding company for SkyWest Airlines and ExpressJet Airlines, said that it has appointed Robert Simmons Chief Financial Officer, effective March 16, 2015. Simmons will oversee all financial controls, capital management, financing and accounting processes of the holding company,...

Shares of American Eagle Outfitters Inc. (AEO) were gaining more than 9 percent or $1.47 at $16.29 in the pre-market trading Wednesday after the company reported improved earnings in the fourth quarter. Click here to read our...

Cummins Inc. (CMI) announced two new independent nominees for its board of directors - Thomas Lynch, Chairman and Chief Executive Officer of TE Connectivity Ltd. (TEL), and Bruno Di Leo, Senior Vice President, Sales & Distribution of IBM Corp. (IBM). The company noted that the two nominees will stand...

Starwood Hotels & Resorts Worldwide Inc. (HOT) announced its Sheraton brand continues to power ahead across the globe with at least 20 new hotel openings expected by year's end. Sheraton will enter Sri Lanka and Romania this year, building upon the momentum of its 2014 debut in Tajikistan and last month's...

Plantronics Inc. (PLT) said it expects fourth quarter fiscal 2015 revenues and earnings to be close to the low end of guidance. A stop shipment on some EncorePro headsets will adversely impact revenues and guidance in the quarter. The company said in January that it expected net revenues of $205 million...

Intercontinental Exchange (ICE) said that its February 2015 futures and options average daily volume or ADV declined 6% compared to February 2014. Commodity ADV increased 11% led by Brent, Gasoil and Other Oil up 61%, 38% and 74%, respectively, from the prior February. ADV records were set in Brent,...

Exxon Mobil Corporation (XOM) said it anticipates capital spending of about $34 billion in 2015 - 12 percent less than in 2014 - as it continues to bring major projects online. Annual capital and exploration expenditures are expected to average less than $34 billion in 2016 and 2017. The company...

Alaska Air Group Inc. (ALK) reported that, on a consolidated basis, its February traffic increased 7.9 percent on a 9.4 percent increase in capacity, from prior year. Load factor decreased 1.2 points to 83.4 percent. Traffic measured in revenue passenger miles, or RPMs, was 2.328 billion compared...

Teen clothing retailer Abercrombie & Fitch Co. (ANF) Wednesday said fourth-quarter net income was $44.4 million or $0.63 per share, down from $66.1 million or $0.85 per share in the comparable quarter last year. Following this, the stock was down 6.21 percent or $1.49 at $22.50 in the pre-market trading...

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