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Telecommunications services provider VimpelCom Ltd. (VIP) and its unit Global Telecom Holding S.A.E., or GTH, Friday announced that they have signed a share purchase agreement for sale by GTH of a 51 percent interest in Orascom Telecom Algerie SpA to Fonds National d'Investissement for a purchase consideration...

VimpelCom Ltd (VIP) and Global Telecom Holding S.A.E. (GLTD.L) announced the signing of a share purchase agreement for the sale by Global Telecom Holding of a 51% interest in Orascom Telecom Algerie SpA to the Fonds National d'Investissement, the Algerian National Investment Fund, for a purchase consideration...

The U.S. Food and Drug Administration, or FDA is warning doctors against use of laparoscopic power morcellation for removal of uterus or uterine fibroids without open surgery, as it is likely to spread cancer cells. The agency also said there is no reliable way to determine if a uterine fibroid is cancerous...

The U.S. FDA announced it has approved Ragwitek, an allergen extract administered sublingually to treat short ragweed pollen induced allergic rhinitis, with or without conjunctivitis, in adults 18 years through 65 years of age. Ragwitek contains an extract from short ragweed (Ambrosia artemisiifolia)...

Microsoft Corp. (MSFT) said it has shipped more than 5 million Xbox One consoles to retailers since the console's launch, with fans spending an average of five hours a day on Xbox One. According to NPD Group figures, "Titanfall" for Xbox One was named the top-selling game in March, Yusuf Mehdi, Xbox...

Actavis plc (ACT) said Thursday that it has entered into agreements with Akorn, Inc. and Hi-Tech Pharmacal Co. Inc. to purchase four currently marketed products and one product under development for cash consideration. The agreements include three products marketed under Abbreviated New Drug Applications...

First Financial Bankshares Inc (FFIN) Thursday reported first-quarter net earnings of $22.3 million or $.70 per share, compared with $18.6 million or $0.59 per share last year. On average, eight analysts polled by Thomson Reuters projected earnings of $0.66 per share for the quarter. Net interest...

Interactive Intelligence Group Inc. (ININ) said Thursday that it has entered into a letter of intent to acquire OrgSpan Inc., a privately held company that offers cloud-based enterprise social communications solutions. Subject to the negotiation of definitive documentation approval by the Interactive...

Unwired Planet, Inc. (UPIP) said Thursday it has completed its patent license and purchase deal with China's Lenovo Group Ltd., initially disclosed on March 20. The agreements called for $100 million upfront payment for both a pre-payment on the license and for the sale of 142 patents. Net proceeds...

Transport management company Hub Group Inc. (HUBG), Thursday reported a drop in profit for the first quarter despite a double-digit revenue growth, as expenses escalated due to the harsh winter weather. Commenting on the results, Chief Executive David Yeager said, "The first quarter of 2014 was marked...

Molecular-tests system maker Cepheid (CPHD), Thursday posted a loss for the first quarter from a profit last year, hurt largely by higher operating costs that offset revenue growth. Sunnyvale, California-based Cepheid reported a first-quarter loss of $9.3 million or $0.13 per share, compared to a...

Lowe's Cos., Inc. (LOW), one of the largest home improvement retailer in the US, has agreed to pay a penalty of $500 thousand for the violation of rules related to minimize exposure of lead dust during renovations. Lowe's Home Centers has also agreed to implement a compliance program at its more than...

Gainers: Advanced Micro Devices, Inc. (AMD) gained 6 percent to $3.91. The company's first quarter net loss narrowed from the year-ago quarter and its adjusted earnings per share topped Wall Street view. Revenue for the quarter rose 28 percent and came in above the consensus estimate. Decliners: athenahealth,...

Nutritional supplement maker Herbalife Ltd. (HLF), which has been accused of operating as a pyramid scheme by hedge fund manager William Ackman, revealed Thursday that it was being probed by llinois Attorney General's office. "We are confident in the integrity of our longstanding business and the...

General Motors Co (GM) said Thursday its dealers delivered about 2.42 million vehicles globally in the first quarter of 2014, up 2 percent year-over-year. Among GM's top five global markets by volume, China posted the largest year-over-year sales increase, with deliveries up 13 percent to a record...