Breaking News

Share SHARE

Valley National Bancorp (VLY) and 1st United Bancorp, Inc. (FUBC) said Monday that all regulatory and shareholder approvals necessary to complete the previously announced merger of 1st United with and into Valley have been received. The common shareholders of 1st United will receive 0.89 of a share...

Dexcom, Inc. (DXCM) said Monday that it has received U.S. Food and Drug Administration approval for its continuous glucose monitoring remote mobile communications device: Dexcom SHARE. Dexcom SHARE, an accessory to the Dexcom G4 PLATINUM Continuous Glucose Monitoring System, uses a secure wireless...

Celanese Corp. (CE) said Monday that it has acquired substantially all of the assets of Cool Polymers, Inc., based in North Kingstown, R.I. Financial details of the deal were not disclosed. Cool Polymers is a compounder of conductive polymers. The company's technical capabilities in the LED market...

DryShips Inc. (DRYS) said Monday that its majority owned subsidiary, Ocean Rig UDW Inc. (ORIG) has agreed to provide DryShips with $120 million of immediate liquidity through a short-term unsecured loan. The proceeds will be used, if needed, to repay DryShips' 5% Convertible Notes maturing on December...

PPG Industries Inc. (PPG) said Monday that its North American architectural coatings business has agreed to buy Westmoreland Supply, an independent architectural paint distributor headquartered in Pittsburgh. Financial terms of the deal were not disclosed. The acquisition of Westmoreland Supply,...

ShoreTel, Inc. (SHOR) confirmed Monday that it has received an unsolicited proposal from Mitel Networks Corp. (MITL) to acquire all of the outstanding shares of the company for $8.10 per share in cash. ShoreTel said its board of directors, in consultation with its financial and legal advisors, will...

Climate control products maker Lennox International, Inc. (LII) on Monday reported a 5 percent increase in profit for the third quarter from last year, reflecting higher revenues at the company's residential and commercial segments. Adjusted earnings per share beat analysts' expectations, while quarterly...

Green Bancorp, Inc (GNBC), the parent holding company of Green Bank, N.A., Monday said that on October 17, it completed the previously announced acquisition of SP Bancorp, Inc. (SPBC), the parent holding company of SharePlus Bank, a Texas-chartered state-bank headquartered in Dallas. The sale was for...

Homebuilding and mortgage banking company NVR, Inc. (NVR) Monday reported higher third-quarter profit, as growth in homebuilding revenues and margins more than offset a drop in mortgage banking. Net income for the quarter increased to $90.15 million or $20.70 per share from $82.94 million or $17.67...

Coal miner Peabody Energy Corp. (BTU) reported Monday a loss for the third quarter that sharply widened from last year, hurt primarily by the impact of a non-cash tax expense related to the repeal of the Minerals Resource Rent Tax in Australia as well as reduced realized pricing. However, adjusted...

Scotts Miracle-Gro Co. (SMG) announced that its subsidiary EG Systems, Inc., doing business as Scotts LawnService, has signed a definitive agreement to acquire the assets of Action Pest Control, Inc., one of the largest residential pest control providers in the Midwest and a Pest Control Magazine Top...

correction: corrects last year revenue figures in the fourth para. Home builder and mortgage lender NVR, Inc. (NVR) Monday reported third-quarter earnings which increased, as growth in homebuilding revenues more than offset a drop in mortgage banking fees. For the 3-month period, net earnings...

Medbox Inc. (MDBX.OB), the leading licensing, infrastructure and security specialist, patented technology provider, and partner to the cannabis industry, announced that it has appointed Doug Mitchell as its Chief Financial Officer. Mitchell is replacing Thomas Iwanski who served Medbox as a part time...

Automotive aftermarket distributor Genuine Parts Co.'s (GPC) net income for the third quarter ended September 30, 2014 rose to $190.5 million from $173.7 million in the same period of the previous year. Earnings per share were $1.24 up from $1.12 last year. Analysts polled by Thomson Reuters expected...

Wynnefield Capital, a long-term holder of Chiquita Brands (CQB), owning 1.65 million shares or 3.5 percent of the company, said it rejects the Fyffes transaction backed by the Chiquita board as offering inferior value, and that it supports the recently announced $14.00 per share offer made by the Cutrale-Safra...