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Toshiba corp. (TOSYY.PK, TOSBF.PK) said Tuesday that it agreed to sell its entire 65 percent stake in Toshiba Medical Finance Co. to Canon Inc. (CAJ) for 31.4 billion yen. The transaction will become effective as of March 31, 2017. Toshiba expects that the impact of the deal on its financial result will be minimal.

Restaurant Brands International Inc. (QSR, QSP.TO), the owner of Burger King, agreed to acquire Popeyes Louisiana Kitchen Inc. (PLKI) for $79.00 per share in cash, or $1.8 billion. Founded in New Orleans in 1972, Popeyes has 45 years of history and culinary tradition and is the franchisor and operator...

Macy's, Inc. (M) announced, in fiscal 2017, the company expects adjusted earnings per share of between $3.37 and $3.62, excluding the impact of the anticipated settlement charges related to the defined benefit plans. Excluding the impact of the anticipated fourth quarter gain on the sale of the Union...

PNC Financial Services Group, Inc. (PNC) announced a definitive agreement to acquire the U.S.-based commercial and vendor finance business of ECN Capital Corp., one of the leading non-bank vendor finance businesses in the United States. The deal in cash includes $1.1 billion portfolio of ECN Capital's...

Pfizer Inc. (PFE) said that a Biologics License Application or BLA for inotuzumab ozogamicin has been accepted for filing and granted Priority Review by the U.S. Food and Drug Administration or FDA. Inotuzumab ozogamicin is being evaluated for the treatment of adult patients with relapsed or refractory...

Tronox Limited (TROX) announced a definitive agreement to acquire the TiO2 business of Cristal, a privately held global chemical and mining company, for $1.673 billion of cash and Class A ordinary shares representing 24 percent ownership in pro forma Tronox. The company said the combination of the TiO2...

While reporting its fourth-quarter financial results today, McDermott International Inc. (MDR) said it has acquired the newly built pipelay and construction vessel Amazon to better position the company for ultradeepwater and SURF projects. McDermott plans to upgrade the vessel to address the ultradeepwater...

Fang Holdings Limited (SFUN), a real estate Internet portal in China, said it has entered into an agreement to terminate its proposed acquisition of a controlling stake in Chongqing Wanli New Energy Co., Ltd., a company listed on the Shanghai Stock Exchange, and the sale of Wanli's assets. Wanli is a...

CSX Corp. (CSX) announced the decisions of Michael Ward, Chairman and CEO, and Clarence Gooden, President, to retire from the company effective May 31, 2017. Fredrik Eliasson, current Chief Sales and Marketing Officer, has been appointed as President of CSX effective February 15, 2017, replacing Gooden,...

Bristol-Myers Squibb Co. (BMY) on Tuesday announced that it has entered into an accelerated share repurchase program to repurchase, in aggregate, $2 billion of common stock. The company also announced that it has appointed Robert Bertolini, Matthew Emmens and Theodore Samuels to its Board of Directors,...

UrtheCast Corp. (UR.TO) said that Sai Chu will be appointed chief financial officer of the company in late March 2017. Chu will succeed Issa Nakhleh, who will be resigning from the company after nearly five years to pursue other interests. Nakhleh will remain as CFO until the Company has filed its...

Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) announced its Supervisory Board has approved the Board of Management's recommendation that a dividend payment for fiscal 2016 of 2.70 euros per share be proposed to the Annual Stockholders' Meeting on April 28, 2017. With 826.95 million shares entitled to the...

Enable Midstream Partners LP (ENBL) reported that its net income attributable to common and subordinated units for fourth quarter 2016 was $59 million, a decrease of $6 million, or 9 percent, compared to $65 million for fourth quarter 2015. Earnings per unit declined to $0.14 from $0.15 last year. Revenues...

New Residential Investment Corp. (NRZ) reported that its net income attributable to Common Stockholders for fiscal year 2016 increased to $504.45 million or $2.12 per share from $268.64 million or $1.32 per share last year. Core earnings per share grew to $2.14 from $1.92 in the prior year. Net...

Home Depot Inc. (HD), the world's largest home improvement retailer, Tuesday said it expects fiscal 2017 earnings per share growth after anticipated share repurchases of approximately 10.5 percent, or $7.13. On average, 19 analysts polled by Thomson Reuters expect earnings of $7.17 per share for the...

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