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International Business Machines Corporation (IBM) announced that it will invest $3 billion over the next four years to establish a new Internet of Things or IoT unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT solutions. The new unit...

Retail giant Wal-Mart Stores Inc. (WMT) has decided to stop free shipping in Canada on April 2 for orders valued less than C$50, excluding taxes. The company attributed the decision to rising costs. For such orders, home delivery will cost C$4.97. Meanwhile, deliveries to a "Grab & Go" locker at...

Intralinks Holdings, Inc. (IL), a provider of secure enterprise content collaboration solutions, and Beijing Shenzhou Xiangyun Technology Co Ltd, the cloud business affiliate of Digital China, Tuesday announced a strategic partnership. As part of the agreement, Beijing Shenzhou Xiangyun Technology...

Telecom giant AT & T Corp. (T) Tuesday said it invested over $950 million in its wireless and wired networks in Mississippi between 2012 through 2014, driving a wide range of upgrades to reliability, coverage, speed and performance for residents and business customers. As part of the company's Project...

Two former federal agents have been charged with wire fraud, money laundering and related offenses for stealing digital currency during their investigation of the Silk Road, an underground black market that allowed users to conduct illegal transactions over the Internet, the U.S. Department of Justice...

Private equity firm KKR & Co. L.P. (KKR) is in talks to acquire a majority stake in South Korea's No. 2 e-commerce company Ticket Monster Inc. for 350 billion won or US$316.5 million, Yonhap News Agency reported citing industry sources. KKR is in the final stage of negotiations with the local arm...

New model music company BMG said it has signed a wide-ranging digital distribution deal with Alibaba Group's (BABA) Digital Entertainment business unit. "The agreement will not only significantly boost earnings by BMG artists and writers from the world's most populous nation, but also give them a...

Staples Inc. (SPLS) and Office Depot Inc. (ODP) each received a request for additional information and documentary material, often referred to as a "second request," from the Federal Trade Commission or the "FTC" in connection with the proposed acquisition of Office Depot by the Company. The second...

Printronix Inc. announced that it has appointed Werner Heid as the company's next Chief Executive Officer and member of the Board effective immediately. Werner succeeds Randy Eisenbach, who is retiring as Chief Executive Officer and member of the Board. Prior to joining Printronix, Heid held position...

The U.S. Department of Justice announced that BSI SA, one of the 10 largest private banks in Switzerland, is the first bank to reach a resolution under the Department of Justice's Swiss Bank Program. BSI agreed to cooperate in any related criminal or civil proceedings, demonstrate its implementation...

American International Group Inc.'s (AIG) Steve Miller plans to relinquish his position in July as chairman of the company, the Wall Street Journal reported citing people familiar with the matter. AIG directors haven't yet decided on a replacement, but the next outside chairman is expected to be a...

Moog Inc. (MOG_A, MOG_B) and All Nippon Airways (ANA.L, ALNPF.PK, ALNPY.PK) signed a 10 year exclusive contract for comprehensive support of the Moog Flight Control Systems and Products on ANA's fleet of 787 aircraft. The program will include maintenance, spares, pooling and on-site technical support. Moog,...

Novartis (NVS) announced that the US Food and Drug Administration (FDA) has approved Jadenu (deferasirox) tablets, a new oral formulation of Exjade (deferasirox) tablets for oral suspension, for the treatment of chronic iron overload due to blood transfusions in patients 2 years of age and older, and...

Amneal Pharmaceuticals Pty Ltd and Actavis Australia Pty Ltd, a subsidiary of Actavis plc (ACT), announced that they have signed a binding letter of intent which provides that Amneal intends to acquire substantially all of Actavis' in-country generic pharmaceuticals business for an agreed price, subject...

Scientific instruments maker Agilent Technologies Inc (A) on Monday said it has agreed to sell its X-ray diffraction business to Rigaku, a privately held scientific instrumentation company based in Tokyo. The financial terms of the deal were not disclosed. The deal is expected to to be final May 1,...

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