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The Financial Reporting Council, Britain's accounting watchdog, said Monday that it has launched an investigation into members and a member firm in relation to preparation, approval and audit of the financial statements of Tesco Plc. (TSCO.L, TSCDY.PK) for the fiscal years 2012, 2013 and 2014 and their...

FirstEnergy Corp. (FE) said it is working on about $100 million in new transmission projects and also evaluating additional system upgrades to support northern West Virginia's expanding Marcellus Shale gas industry. The new transmission facilities will also enhance electric service reliability for Mon...

Russian state oil company OAO Rosneft (OJSCY, ROSN.L) said Monday that it has repaid about $7 billion of a loan it obtained to finance its acquisition of TNK-BP. The company added that its deal to buy Morgan Stanley's (MS) Global Oil Merchanting business has been terminated due to refusal of regulatory...

Altisource Portfolio Solutions S.A. (ASPS) announced that William Erbey, 65, is stepping down from his position as Director and Chairman of the Board of Directors of Altisource and that Timo Vättö, 50, has been appointed as Chairman, effective January 16, 2015. Erbey, who served as Director and Chairman...

Defense contractor Raytheon Co. (RTN) announced Monday that it has bagged a $2.4 billion foreign military sales contract for new-production fire units of the combat-proven Patriot Air and Missile Defense System for the State of Qatar. The deal is part of Qatar's Armed Services modernization and recapitalization...

Chemical giant EI DuPont De Nemours & Co. (DD) announced that it is consolidating its corporate headquarters at the company's Chestnut Run Plaza campus in New Castle County effective July 1, 2015, following a review of separation of assets and real estate associated with the separation of the company's...

Ocwen Financial Corp. (OCN) announced that it has reached a comprehensive settlement with the New York Department of Financial Services or "DFS" related to the agency's recent investigation. As part of the settlement, founder William Erbey will step down from his position as Executive Chairman of Ocwen,...

Biomedical products company Cerus Corp. (CERS) said that its Phase 2 clinical trial of red blood cells treated with the INTERCEPT Blood System met its primary endpoint. The company noted that preliminary analysis demonstrating that greater than 75 percent of treated red blood cells continued to circulate...

Branded apparel maker American Apparel, Inc. (APP) on Monday announced that Allan Mayer and David Danziger have stepped down as Co-Chairmen of the Board and will be replaced by Board Member Colleen Brown as Chairperson. The company noted that Mayer and Danziger will continue to serve as Members of...

Russian state oil company OAO Rosneft (ROSN.L) said that it repaid part of a loan obtained to finance the acquisition of TNK-BP. It paid to lenders around $7 billion. In such a manner, the overall amount paid throughout the year totaled $24 billion in full accordance with the credit agreement, Rosneft...

Raytheon Co. (RTN) said it has received a $2.4 billion Foreign Military Sales contract for new-production fire units of the combat-proven Patriot Air Missile Defense System for the State of Qatar. Qatar, a new Patriot customer, now brings the total number of global Patriot customers to 13, the company...

Semiconductor company Marvell Technology Group Ltd. (MRVL) announced today that its Board of Directors has appointed President and Co-Founder Weili Dai as a member of the Board of Directors, effective immediately. Dai will stand for re-election to the Board of Directors at Marvell's next annual general...

Casino giant Caesars Entertainment Corp. (CZR) and Caesars Acquisition Co. (CACQ) said Monday that they have agreed to merge in all all-stock deal. The merged company will conduct business as Caesars Entertainment and continue to trade on the Nasdaq under the ticker "CZR". Shares of Caesars Entertainment...

Africa-focused oil and gas company Afren Plc. ( AFRNF.PK, AFR.L) Monday confirmed that it has received a highly preliminary approach from SEPLAT Petroleum Development Company Plc. regarding a possible combination with Afren. There can be no certainty that an offer will be made or as to the terms of...

Sparton Corporation (SPA) announced that its wholly owned subsidiary, Sparton DeLeon Springs, LLC completed the acquisition of certain assets of Argotec, Inc. on December 8, 2014 in an all-cash transaction. The company noted that Argotec develops and manufactures sonar transducer products and components...