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General Electric (GE) is considering possible spin-offs for its three core divisions: power equipment, aviation and healthcare, its chief executive said on Tuesday. John Flannery, who took over as chief executive last summer, said the company is examining options that "could result in many, many different...

Nissan Motor Co.'s chief executive reportedly said the company believes it will need to build a new plant in the U.S. in four or five years, when the car maker would be ready for another push to expand. Normally, that plant would be built in any of the Nafta countries, "but in the current situation...

Miramax, the film studio founded by Harvey and Bob Weinstein and now owned by Qatar-based BeIN Media Group, is interested in acquiring the embattled brothers' Weinstein Co., according to reports citing people familiar with matter. A sale to Miramax, acquired by beIN in 2016, would unite the film libraries...

In 2017, Toyota built 1.98 million vehicles at its North American vehicle assembly plants. Production volume was down approximately 1 percent over the previous year total of 2.12 million vehicles. Toyota will be adding its 15th manufacturing plant with the Jan. 10, 2018, announcement of a joint manufacturing...

FedEx Corp. (FDX) Tuesday announced the realignment of its specialty logistics and e-commerce solutions in a new structure under FedEx Trade Networks, Inc., beginning March 1. The FedEx Trade Networks will be led by FTN CEO Richard Smith. FedEx said the elements of the new organization will be...

B. Riley Financial, Inc. (RILY) Tuesday said it plans to acquire 29 percent of bebe stores, inc. to create a tax efficient platform. B. Riley said it has converted its existing loan into shares of bebe common stock and has acquired 250,000 additional shares from a family trust formed by bebe founder...

General Motors Co. (GM) announced the company estimates 2017 EPS-adjusted at the high end of the previously stated range of $6.00 to $6.50. For 2018, the company forecasts results to be largely in line with expected 2017 results. The company said, in 2018, it will continue product momentum with the introduction...

Avis Budget Group Inc. (CAR) said that it estimates that for the full-year ended December 31, 2017, revenues increased to approximately $8.85 billion, and it expects pretax income to be between $205 million and $215 million and Adjusted pretax income to be between $340 million and $350 million. Analysts...

Blackhawk Network Holdings Inc. (HAWK) said that Silver Lake and P2 Capital Partners have agreed to acquire Blackhawk in an all-cash transaction for a total consideration of about $3.5 billion, which includes Blackhawk's debt. As per the terms of the agreement, Blackhawk stockholders will receive...

Swedish telecom equipment maker Ericsson (ERIC) said Tuesday that it will take a write-down of 14.2 billion Swedish kronor, or $1.8 billion, following the impairment testing of its businesses. The company also expects a non-cash charge of about 1.0 billion kronor due to the recent U.S. tax reform. Ericsson...

USA Compression Partners, LP (USAC), Energy Transfer Partners, L.P. (ETP) and Energy Transfer Equity, L.P. (ETE) announced a transaction valued at approximately $1.8 billion, providing for the contribution of ETP's subsidiaries, CDM Resource Management LLC and CDM Environmental & Technical Services LLC,...

RXi Pharmaceuticals Corp. (RXII) outlined its 2018 business strategy during a webcast presentation at the Biotech Showcase conference. RXi will focus development initiatives on novel immuno-oncology therapeutics using its proprietary sd-rxRNA platform. Focusing the development portfolio on Immuno-oncology,...

Foundation Medicine, Inc. (FMI) Tuesday said it has entered into a broad partnership with Pfizer Inc. (PFE) for development, regulatory support and commercialization of companion diagnostics that will be included in updates to FoundationOne CDx. The companion diagnostics will be used for Pfizer's oncology...

Automotive supplier Magna International Inc. (MG.TO, MGA) provided its financial outlook for fiscal 2018 and 2020. The company noted that its outlook reflects the new reporting segments that it recently announced as part of a realignment of its management structure along product lines. Magna said...

First Majestic Silver Corp. (AG, FR.TO) reported that its total production in 2017 reached 16.2 million equivalent ounces of silver, representing a 13% decrease over 2016, and in-line with the Company's guidance of 15.7 to 16.6 million silver equivalent ounces. Total production consisted of 9.7 million...

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