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In this week's address, the U.S. President commemorated Memorial Day by paying tribute to the men and women in uniform who have given their lives in service to our country. The President will spend the first Memorial Day since the end of the war in Afghanistan at Arlington Cemetery, remembering the...

Federal prosecutors are closing in on criminal charges against General Motors Co. (GM) over a faulty ignition switch linked to more than 100 deaths, but they are still weighing whether to charge individual employees, the Wall Street Journal reported citing people familiar with the matter. The report...

BlackBerry Limited (BBRY, BB.TO) said that it will cut jobs around the world as it decides to consolidate its device software, hardware and applications business. However, the company did not specify how many employees will be affected. The move is part of the company's goal of boosting sales of higher...

Qualcomm Technologies Inc., a subsidiary of Qualcomm Inc. (QCOM), and German luxury car giant Daimler AG (DDAIF.PK) announced a strategic collaboration focused on pioneering innovation in the connected car. In the first phase of the collaboration, the companies will focus on transforming future vehicles...

Six Flags Over Texas, the Thrill Capital of Texas, in partnership with Warner Bros. Consumer Products and DC Entertainment, announced the debut of JUSTICE LEAGUE: Battle for Metropolis. Named by USA Today as one of the most anticipated new attractions of the year, JUSTICE LEAGUE: Battle for Metropolis...

Arch Coal Inc. (ACI) has tapped restructuring advisers to explore ways to reduce its multibillion-dollar debt load, the Wall Street Journal reported Friday, citing people familiar with the matter. The St. Louis, Missouri-based coal producer is working with lawyers at Davis Polk & Wardwell LLP and...

Fortress Investment Group LLC (FIG) and Mount Kellett Capital Management LP on Friday announced an agreement for an affiliate of Fortress to become co-manager with Mount Kellett of the Mount Kellett investment funds and related accounts (collectively, the "Funds"). Mount Kellett affiliates will continue...

Minco Gold Corp (MGH, MMM.TO) on Friday entered into a share purchase agreement with Minco Silver Corp and Minco Silver's subsidiary, Minco Investment Holdings HK Ltd, as purchaser, providing for the sale of the company's 51% undivided interest in the Changke ng gold project for an aggregate purchase...

Nevada Gold & Casinos Inc (UWN) on Friday said it has agreed to buy the Club Fortune Casino in Henderson, Nevada for $14.2 million in cash and 1.2 million shares of the company's common stock, exclusive of working capital adjustments. Nevada Gold expects the deal to be immediately accretive to earnings....

Amgen (AMGN) on Friday said it has commenced termination of its participation in the co-development and commercialization of investigational plaque psoriasis drug brodalumab with AstraZeneca (AZN, AZN.L). Amgen said the decision was based on events of suicidal ideation and behavior in the brodalumab...

The Children's Place Inc (PLCE), the largest pure-play children's specialty apparel retailer in North America, on Friday reached an agreement with Macellum SPV II L.P. and Barington Companies Equity Partners, L.P. to resolve their proxy contest, under which Children's Place will appoint Macellum and...

ADESA, a part of vehicle auctioneer KAR Auction Services (KAR), on Friday said its subsidiary, AutoVIN, has completed the acquisition of the vehicle inspection business from DataScan Field Services, a JM Family Enterprises company. DataScan utilizes Internet-based technology to perform vehicle inspection...

Exelis Inc. (XLS) said Friday that its shareholders have approved the merger agreement providing for the acquisition of the company by Harris Corp. (HRS). Exelis also said that on Thursday, Exelis and Harris received notification that the Department of Justice had terminated the waiting period applicable...

Exxon Mobil Corp. (XOM) said that media reports about the company lobbying the U.S. government on Iran sanctions are inaccurate. The company noted that the erroneous media reports resulted from errors in a consultant's lobbying disclosures. "ExxonMobil is not lobbying on Iran sanctions," said Ken...

Hibbett Sports, Inc. (HIBB), a sporting goods retailer, reported first-quarter net income of $27.4 million, compared to $28.4 million, last year. Earnings per share was $1.09, flat with prior year. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of...

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