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Allianz Group (AZSEY.PK) reported first-quarter net income attributable to shareholders of 2.2 billion euros compared to 1.8 billion euros, prior year. The company said growth in profit was driven in part by non-operating realized gains. Operating profit decreased 3.5 percent to 2.8 billion euros from...

Paper and packaging company International Paper Co. (IP) said it has agreed to purchase Weyerhaeuser Co.'s (WY) pulp business for $2.2 billion. The transaction is expected to close in the fourth quarter of 2016. Under terms of the deal, International Paper will acquire five pulp mills and two converting...

Fuel Systems Solutions, Inc. (FSYS) announced its board has recommended that stockholders vote for the proposal to adopt the amended merger agreement with Westport Innovations Inc. (WPT.TO, WPRT). The company said a revised definitive proxy statement/prospectus has been filed with the SEC in connection...

Business software giant Oracle Corp. (ORCL) announced Monday that it has entered into a definitive agreement to acquire Opower Inc. (OPWR), a provider of customer engagement and energy efficiency cloud services to utilities, for $10.30 per share in cash. The transaction is valued at approximately $532...

MyoKardia, Inc. (MYOK), a clinical stage biopharmaceutical company for the treatment of heritable cardiovascular diseases, announced Monday that the U.S. Food and Drug Administration has granted the company Orphan Drug Designation for MYK-461 for treatment of symptomatic obstructive hypertrophic cardiomyopathy...

BCE Inc. (BCE, BCE.TO) said Monday that it will acquire all of the issued and outstanding common shares of Manitoba Telecom Services Inc. (MBT.TO) or MTS in a transaction valued at about $3.9 billion. Bell noted that it plans to invest $1 billion in capital over 5 years after the transaction closes...

Flamel Technologies S.A. (FLML) Monday announced that the U.S. Food and Drug Administration has approved the Company's New Drug Application or NDA for Akovaz (ephedrine sulfate), a drug administered parenterally as a pressor agent to address clinically important hypotension in surgical settings. Flamel...

Allergan plc (AGN) confirmed it has received approval from the U.S. FDA on its Abbreviated New Drug Application for rosuvastatin calcium 5, 10, 20 and 40 mg tablets, the generic version of AstraZeneca's CRESTOR tablets. Under the agreement with AstraZeneca on March 25, 2013, Allergan has launched its...

Baker Hughes Inc. (BHI), following the termination of its merger agreement with Halliburton Co. (HAL), outlined Monday a series of actions to reduce costs and simplify its business, enhance its commercial strategy, and optimize its capital structure. Baker Hughes is taking immediate steps to remove...

Regeneron Pharmaceuticals, Inc. (REGN) announced positive topline results from a placebo-controlled Phase 2/3 study evaluating fasinumab in patients with moderate-to-severe osteoarthritis pain of the hip or knee who have a history of inadequate pain relief or intolerance to current analgesic therapies....

Stock Yards Bancorp, Inc. (SYBT) announced its Board has declared a three-for-two split of the company's common stock, to be effected in the form of a 50% stock dividend. At the company's current quarterly cash dividend rate of $0.25 per share, the post-split rate will be $0.17 per share. The dividend...

Boardwalk Pipeline Partners, LP, (BWP), a unit of commercial property and casualty insurance company Loews Corp. (L), reported Monday that its first-quarter net income was $101.0 million, a 30% increase from $77.7 million last year. Earnings per common unit were $0.40, compared to $0.31 last year....

Diamond Offshore Drilling, Inc. (DO) Monday announced the appointed Kelly Youngblood as senior vice president and chief financial officer, effective May 3. Youngblood succeeds Gary Krenek after 33 years of service. Most recently, Youngblood was the vice president, Investor Relations in Halliburton Co.

BIND Therapeutics, Inc. (BIND) announced it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code. The company said it plans to continue development and collaboration activities in accordance with current medicines strategy throughout the process. Andrew Hirsch, CEO, said:...

Loews Corp.'s (L) a commercial property and casualty insurance company, reported Monday that its first-quarter net income attributable to the company declined to $102 million from $109 million last year. Net income declined due to lower earnings at CNA Financial Corp. (CNA) and reduced results from...

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