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Marvell Technology Group Ltd (MRVL) is nearing a deal to buy chip maker Cavium (CAVM) for about $6 billion in cash and stock, the Wall Street Journal reported citing people familiar with the matter. The companies plan to announce the deal as soon as Monday, the report specified. The deal reportedly...

United States Steel Corp. (X) said it is committed to complying with all environmental standards, to ensuring the safety of employees and neighbors in the communities in which the company lives and operate, and to safeguarding shared environment. The company took that responsibility very seriously...

Alibaba Group Holding Limited (BABA), Auchan Retail S.A. and Ruentex Group announced a strategic alliance that brings together their online and offline expertise to explore new retail opportunities in China's food retail sector. As part of this strategic alliance, Alibaba Group will invest a total...

Synaptics Inc. (SYNA) disclosed in a regulatory filing that it has implemented and notified impacted employees on November 15, 2017 regarding elimination of approximately 156 employee positions, that will reduce global headcount by approximately seven percent. The company also plans to implement a space...

Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) announced Saturday that the core brand of the Volkswagen Group will be investing about 22.8 billion euros throughout the world from 2018 to 2022, a day after it announced a spending programme aimed at bolstering its position as a maker of electric cars. Volkswagen...

First Horizon National Corp. (FHN) and Capital Bank Financial Corp. (CBF) announced that, in connection with their proposed merger, Capital Bank Corp. will sell two branches in Greene County, totaling about $34 million in deposits and $2.5 million in loans, to Apex Bank, a Tennessee banking corporation....

Verizon Communications Inc. (VZ) is close to a new deal with the National Football League or NFL for digital streaming rights, the Bloomberg reported, citing people familiar with the matter. Financial details and the duration of Verizon's contract with the NFL couldn't immediately be learned. Verizon's...

JA Solar Holdings Co., Ltd. (JASO) said that it reached deal with JASO Holdings Limited or "Holdco", JASO Parent Limited, a wholly owned subsidiary of Holdco, and JASO Acquisition Limited or "Merger Sub", a wholly owned subsidiary of Parent, pursuant to which the Company will be acquired by an investor...

AstraZeneca Plc (AZN.L, AZN) is in talks to settle a Texas lawsuit claiming that the company fleeced the state's Medicaid program by fraudulently marketing one of its top drugs, Bloomberg reported citing to court filings. Texas sued the drugmaker in 2013, saying AstraZeneca had targeted the state's...

Yum! Brands, Inc. (YUM) said that its Board authorized repurchases of up to $1.5 billion in shares of common stock through year end 2018. This is in addition to the prior outstanding authorization.

Wells Fargo & Co. (WFC) Friday announced that Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been dismissed from the company, effective immediately. The company said the dismissal was the result of Codel's acting in a manner that was contrary...

Qualcomm Inc. (QCOM) announced that Qualcomm River Holdings, an indirect subsidiary of the company, has extended the offering period of its cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NXPI). The tender offer is now scheduled to expire on December 15,...

J.B. Hunt Transport Services, Inc. (JBHT) announced it placed a reservation to purchase multiple Semi tractors to be manufactured by Tesla. The electric tractor was unveiled by Tesla on November 16. The company plans to deploy electric tractors to its Intermodal and Dedicated Contract Services divisions...

While reporting its third-quarter financial results today, athletic specialty retailer Hibbett Sports Inc. (HIBB) raised its earnings and comaprable store sales outlook for fiscal 2018. For fiscal 2018, Hibbett Sports now forecasts earnings in a range of $1.42 to $1.50 per share, up from the prior...

Real Industry, Inc. (RELY) Friday announced the filing of a petition for voluntary Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware. In conjunction, Real Alloy Holding, Inc. and its U.S. subsidiaries filed petitions for voluntary Chapter 11 reorganization in the U.S....

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