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South Korean conglomerate Samsung Electronics Co. Ltd. (SSNLF) will supply application processors for Apple Inc.'s (AAPL) next iPhone, the South Korea-based Maeil Business Newspaper reported Monday, citing sources in the semiconductor industry. Samsung will reportedly supply the application processor...

UK-based lender Standard Chartered plc (SCBFF.PK, STAC.L, STAN.L) is looking to find a successor for Chief Executive Peter Sands amid pressure from the bank's largest shareholders, according to a report in the Sunday Telegraph. It is said to have hired headhunters Egon Zehnder to conduct the search for...

Bermuda-based reinsurers Axis Capital Holdings Ltd. (AXS) and PartnerRe Ltd. (PRE) agreed Sunday to a near $11 billion merger of equals amid a wave of consolidation in the industry. The merger of two of the five largest insurance groups is expected to create a broadly diversified global specialty insurance...

Novartis (NVS) announced that the US Food and Drug Administration has granted accelerated approval of Bexsero (Meningococcal Group B Vaccine [recombinant, adsorbed]) for active immunization to prevent invasive meningococcal disease caused by serogroup B (also known as meningitis B) in adolescents and...

AXIS Capital Holdings Limited (AXS) and PartnerRe Ltd. (PRE) announced that they have signed a definitive amalgamation agreement to create specialty insurance and reinsurance company, with gross premiums written in excess of $10 billion, total capital of more than $14 billion, and cash and invested...

Healthways, Inc. (HWAY), a provider of well-being improvement solutions, said its board of directors is exploring strategic alternatives to enhance shareholder value. The board has retained J.P. Morgan Securities LLC as its financial advisor to assist in its evaluation of strategic alternatives. However,...

US President Barack Obama arrived in India for a three-day visit, with India's Prime Minister Narendra Modi breaking protocol to personally receive the President at the airport. New Delhi is witnessing unprecedented security owing to the visit of the U.S. president. Several thousands of security personnel...

Harman Yukawa, one of the two Japanese citizens captured by the Islamic State, was killed, a video released by the militant outfit on Saturday showed. The Islamic State militants had killed five men earlier, beginning with the beheading of Steven Foley, a journalist from the U.S., in August. Others...

Hopewell Valley Community Bank (HWDY) Saturday said net income for the year available to common shareholders was $2.37 million or $0.67 per share compared to a loss of $72,552 or $0.02 per share in the prior year due mainly to a balance sheet restructuring and early repayment of Federal Home Loan Bank...

Software firm Persistent Systems Saturday said its third-quarter profit after tax climbed 16 percent to 744.62 million Indian rupee, while revenue jumped 13.7 percent to 4.946 billion rupee or $79.52 million from last year. The company's Board proposed 1:1 bonus shares, and declared an interim dividend...

Mast Therapeutics, Inc. (MSTX), a clinical-stage biopharmaceutical company, Saturday said its President and Chief Operating Officer Patrick Keran would step down from that role and would leave the company, effective February 28. The decision is in connection with a restructuring of management to...

Republic First Bancorp, Inc. (FRBK), the parent company of Republic Bank, Saturday opened its newest location - and its fourth South Jersey retail store - at 100 William Dalton Drive in Glassboro, New Jersey. The Glassboro store design is similar to the locations opened by Republic Bank in 2014 in...

Clear Tech Automotive Inc., a management system for independent shop owners, Saturday said it has become part of myCarfax. Clear Tech now offers the benefits that myCarfax Service Shops enjoy to its growing customer base. Carfax, a unit of IHS Inc. (IHS), is the vehicle history expert for used car...

Law office of Brodsky & Smith, LLC said it is investigating potential claims against the Board of Directors of Courier Corp. (CRRC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Quad/Graphics, Inc. (QUAD). It was on January...

The U.S. President Barack Obama is traveling to Saudi Arabia on Tuesday to pay respects to the new King Salman bin Abdul-Aziz and family of late King Abdullah Bin Abdulaziz. US Vice-President Joe Biden, British Prime Minister David Cameron and French President Francois Hollande will reach Riyadh today...

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