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Target Canada Co., a unit of Target Corp. (TGT), announced that it will complete its inventory liquidation efforts and close the last of its 133 Canadian retail stores to the public on April 12. In addition, Target Canada's three distribution centres and Mississauga headquarters have been closed....

Canadian oil giant Suncor Energy Inc. (SU.TO, SU) provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations. Suncor confirmed it is on track to achieve the $1 billion reduction in its 2015 capital budget, while maintaining...

The U.S. Commodity Futures Trading Commission has charged Kraft Foods Group Inc (KRFT) and Mondelez Global LLC (MDLZ) for wheat price manipulation and reaping undue profit in the process, reports said on Wednesday. The complaint against Kraft and Mondelez is that the companies used manipulative practices...

Progress Software Corp. (PRGS) reported a net loss for the first quarter of $1.0 million or $0.02 per share, compared to net income of $11.1 million or $0.21 per share for the year-ago quarter. Excluding items, adjusted net income for the first quarter was $15.1 million or $0.29 per share, compared...

Arista Networks Inc (ANET), a provider of cloud networking solutions, on Wednesday said its Chief Financial Officer Kelyn Brannon will leave the company for personal reasons. Brannon has served Arista as CFO since July 2013. Arista said it has named Andreas Bechtolsheim as acting CFO, and has begun...

Hutchinson Technology Inc (HTCH), a supplier of critical precision component technologies, on Wednesday said its second-quarter sales totaled about $62 million. Analysts polled by Thomson Reuters expected the company to report sales of $65.2 million for the quarter. Hutchinson, which said the results...

Sigma Designs, Inc. (SIGM) reported a net loss for the fourth quarter of $3.6 million or $0.10 per share, compared to net income of $1.3 million or $0.04 per share for the year-ago quarter. Excluding items, adjusted net income for the fourth quarter was $1.5 million or $0.04 per share, compared to...

Sportsman's Warehouse Holdings Inc (SPWH) on Wednesday reported fourth-quarter net earnings of $3.2 million or $0.08 per share compared with $7.4 million or $0.22 per share last year. Excluding items, adjusted earnings for the quarter were $0.22 per share compared with $0.18 per share a year ago. Revenues...

Memory chip maker Micron Technology, Inc. (MU) reported net income for the second quarter of $934 million or $0.78 per share, compared to $731 million or $0.61 per for the year-ago quarter. Excluding items, adjusted net income for the latest quarter was $941 million or $0.81 per share. Net sales...

First Financial Bankshares, Inc. (FFIN) said Wednesday that it has agreed to buy FBC Bancshares, Inc. and its subsidiary, First Bank, N.A., Conroe, Texas. First Financial anticipates that the acquisition consideration will consist solely of its common stock totaling $59.0 million. The acquisition...

Boston Scientific Corp (BSX) on Wednesday said it has agreed to buy Xlumena Inc, a venture-backed medical device company that makes minimally invasive devices for Endoscopic Ultrasound guided transluminal drainage of targeted areas within the gastrointestinal tract. As per the terms of the deal,...

GoDaddy Inc (GDDY) shares surged in its debut on the New York Stock Exchange following a successful initial public offering. GoDaddy, a technology provider dedicated to small businesses, priced its IPO of 23 million Class A shares at $20.00 each, above its estimated range of $17 to $19 per share. All...

Nissan Group (NSANF.PK, NSANY.PK) on Wednesday said its U.S. sales in March 2015 slid 2.7 percent to 145,085 units from 149,136 units last year. Sales at the company's Nissan Division in March fell 3 percent year-over-year to 132,560 units, while sales at its Infiniti division was marginally up 0.2...

Toyota Motor Corp. (TM) Wednesday said its U.S. sales for March increased 4.9 percent, as strong marketing and cheap oil prices helped the Japanese automaker lure more customers. Toyota's U.S. sales in March increased 4.9 percent to 225,959 units from 215,348 units a year ago. Sales rose an 8.5 percent...

Protective and decorative coatings company PPG Industries Inc (PPG) on Wednesday said it has completed the acquisition of Revocoat, a supplier of sealants, adhesives and damper products for the automotive industry, from the Axson Group. The financial terms of the deal were not disclosed. "The addition...

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