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Lannett Company, Inc. (LCI) said Wednesday that it has agreed to purchase ANDAs for Estradiol Tablets, USP, 0.5 mg, 1 mg and 2 mg, and Selegiline Hydrochloride Capsules 5 mg, upon the completion of a successful technical transfer. The company did not disclose the name of the seller nor the financial...

Infineon Technologies AG (IFNNY) and International Rectifier Corporation (IRF) announced that they have signed a definitive agreement under which Infineon will acquire International Rectifier for US$40 per share in an all-cash transaction valued at about US$3 billion. It is noted that both, International...

Monsanto Co. (MON) in Wednesday confirmed its fiscal year 2014 ongoing earnings per share guidance of $5.10 to $5.20 and as-reported earnings per share guidance of $5.12 to $5.22. Analysts polled by Thomson Reuters currently expect the company to earn $5.22 per share for the fiscal year 2014. The...

International Rectifier Corp. (IRF) said its fourth-quarter net income was $12.9 million, or $0.18 per share, compared to a net loss of $6.1 million or $0.09 per share in the prior-year quarter. Excluding items, adjusted income for the quarter was $21.9 million or $0.30 per share, compared to loss...

Media General Inc (MEG) and LIN Media LLC (LIN) Wednesday agreed to divest television stations in five markets to comply with regulatory rules as they seek approval for their merger. The two companies also amended their merger agreement. Media General said gross proceeds for all stations to be divested...

Meredith Corp. (MDP) said it has agreed to buy the broadcast assets of WALA-TV, the Fox affiliate in Mobile-Pensacola, from Media General, Inc. (MEG) for about $86 million subject to certain purchase price adjustments. The deal will close when Media General's merger with LIN Media LLC and the sale...

Department store chain Macy's Inc. (M) has agreed to pay a fine of $650,000 in a settlement with the New York State Office of the Attorney General on allegations by minority customers of racial profiling at the company's stores in New York. Attorney General Eric Schneiderman noted that the agreement...

Multi-channel retailer Sears Canada, Inc. (SCC.TO) reported Wednesday a net loss for the second quarter compared to a profit last year, which was boosted by a hefty gain. Sales at established stores decreased 6.8 percent. "Although our same store sales declined this quarter, in part due to an unseasonably...

Car and equipment rental firm Hertz Global Holdings, Inc. (HTZ) said it has decided to withdraw its financial guidance for full year 2014, citing potential revisions related to ongoing accounting review. The shares fell more than 12 percent in the morning trade. Hertz noted that the Audit Committee...

InterContinental Hotels Group Plc (IHG, IHG.L) Wednesday announced the appointment of Jolyon Bulley to the position of Americas Chief Operating Officer, or COO. He will be responsible for leading the operations for IHG's portfolio of more than 3,600 hotels, as well as further strengthening IHG's existing...

Investment management firm Eaton Vance Corp. (EV) reported Wednesday a profit for the third quarter more than tripled from last year, reflecting improved operating margins and revenue growth. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. "Eaton Vance again...

China-based real estate services provider E-House (China) Holdings Ltd (EJ) on Wednesday reported a profit for the second quarter that more than doubled from last year, reflecting strong revenue growth and fewer charges. Adjusted earnings per share for the quarter matched analysts' expectations, while...

Raven Industries Inc. (RAVN) Wednesday said second-quarter net income slipped to $7.7 million, or $0.21 per share, from $8.3 million, or $0.23 per share last year. Sales grew to $94.5 million from $93.4 million in the prior-year second quarter. Sales rose 14 percent in the Engineered Films division,...

GasLog Ltd. (GLOG), a Monaco-based operator of liquefied natural gas carriers, on Wednesday reported an 83 percent plunge in profit for the second quarter from last year as strong revenue growth was more than offset by loss on swaps and higher expenses. Nevertheless, both revenue and adjusted earnings...

SandRidge Energy, Inc. (SD) announced the resignation of David Lawler, Executive Vice President and Chief Operating Officer. The company has promoted Craig Johnson, Senior Vice President of Development for Oklahoma, to Executive Vice President of Operations. Lawler will remain engaged in his current...