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International community is putting pressure on Russia, as a convoy of 208 Russian trucks is rolling into Ukrainian border. Kiev, which has been fighting against pro-Russian rebels accused that this is a direct invasion, while Russia maintained that Moscow is not a party to the domestic conflict and the trucks carry relief supplies for the war torn Southeast Ukraine.

Internet Search Engine giant Google Inc (GOOG) acquired Gecko Design Inc. that focuses on special industrial designs. The financial terms of the deal is not disclosed. The Northern California based Gecko was founded in 1996 and focuses on consumer electronic products. Jacques Gagnes, president of...

The bodies of 20 victims of the Flight MH17 shot down over Ukraine were brought to Kaula Lumpur in a specially chartered flight on Friday. The firing on July 17 has killed 195 Dutch, 43 Malaysian and 38 Australian citizens on board the aircraft on its way to Kaula Lumpur from Amsterdam. The flight with...

William Ackman's Pershing Square Capital LP said on Friday it submitted written requests from 31 percent of Allergan Inc (AGN) stockholders that the botox maker call for a special meeting. According to the hedge fund, the special meeting of Allergan stockholders would discuss among other things,...

Goldman Sachs Group, Inc. (GS) said Friday that Goldman, Sachs & Co. has reached agreements with the Federal Housing Finance Agency to resolve all federal and state securities law claims brought by the agency with respect to residential mortgage-backed securities purchased by Fannie Mae and Freddie Mac...

Weatherford International plc (WFT), the Swiss provider of equipment for the oil and gas industry, said Friday it received notification of an unsolicited mini-tender offer by TRC Capital Corp to purchase up to 5 million of the outstanding ordinary shares of Weatherford at $21.15 per share. According...

Actavis plc (ACT) confirmed Friday that it has filed an Abbreviated New Drug Application with the U.S. Food and Drug Administration seeking approval to market Rotigotine Extended-release Transdermal Film, 1 mg/24 hr, 2mg/24 hr, 3 mg/24hr, 4 mg/24 hr, 6mg/24hr, and 8 mg/24 hr. Actavis' ANDA product...

Mylan Inc. (MYL) said Friday that it has launched Potassium Chloride Extended-release Tablets USP, 8 mEq and 10 mEq, which is the generic version of Upsher-Smith's Klor-Con. Mylan received final approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Application for the...

Citigroup Inc. (C) Friday announced the commencement of its offer to purchase for cash up to $700 million aggregate principal amount of its outstanding 6.125% Notes due 2017. The Notes had an aggregate principal amount outstanding of about $3.9 billion as of August 21. Citigroup said the Offer is...

G&K Services, Inc. (GK) said Friday that its Board of Directors has declared a quarterly dividend of $0.31 per share, an increase of 15% from its previous quarterly dividend rate of $0.27 per share. The increased dividend will be payable on September 26 to shareholders of record on September 11. This...

Northwest Bancshares Inc (NWBI), parent company of Northwest Savings Bank, said Friday it has realigned its management team as part of initiatives to improve profitability and enhance shareholder value. As a result of this reorganization, two Northwest executives, Steven Fisher and William Harvey,...

American Woodmark Corp. (AMWD) said Friday that Cary Dunston, Executive Vice President and Chief Operating Officer, has been promoted to President and Chief Operating Officer. In his new position, Dunston will assume the additional responsibility for the finance and information technology functions...

Japan-based Murata Manufacturing Co. Ltd. has agreed to buy Peregrine Semiconductor Corp. (PSMI) for $465 million, as mergers and acquisitions in the semiconductor chip industry continues to flourish. Following the news, shares of Peregrine surged 61 percent, trading just below the offer price. Murata...

Fast food giant McDonald's Corp. (MCD) on Friday named former executive Mike Andres as the new president of McDonald's USA, LLC to succeed Jeff Stratton, who is retiring. Andres' appointment is effective October 15, when Stratton retires after 41 years of service with the brand. "Mike is the ideal...

McDonald's Corp. (MCD) announced Friday that McDonald's USA president, Jeff Stratton, 58, has decided to retire after 41 years with the brand. As a result, the company has appointed former McDonald's Executive Mike Andres as McDonald's USA president effective October 15, the date of Stratton's retirement. Andres,...