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After moving sharply higher early in the session, shares of Sonus Networks (SONS) have pulled back well off their best levels but remain firmly positive in afternoon trading on Tuesday.

Greenlight Capital Inc. urged all GM shareholders to vote in support of its three Director nominees - Leo Hindery, Jr., Vinit Sethi, and William Thorndike, Jr., at the Annual Meeting of Shareholders. "By voting the GREEN proxy card, you send a loud and clear message to the Board that you want change...

Flir Systems, Inc. (FLIR) said that James Cannon has been appointed President and Chief Executive Officer, effective June 19, 2017. He will succeed Andy Teich, whose retirement after 33 years of service was previously announced on February 14, 2017. Cannon previously served for more than 16 years...

FIS (FIS) and Clayton, Dubilier & Rice announced a definitive agreement in which FIS will sell a majority ownership stake in Capco to CD&R, establishing Capco as an independent company. FIS will sell approximately 60 percent equity interest in its Capco business to CD&R funds and receive net cash proceeds...

Cracker Barrel Old Country Store, Inc. (CBRL) reported Tuesday that its third-quarter net income declined 5 percent to $46.92 million from last year's $49.17 million. Earnings per share fell 4 percent to $1.95 from $2.04 in the prior year. On an adjusted basis, earnings per share increased 7.1% from...

Take-Two Interactive Software, Inc. (TTWO), a developer of interactive entertainment, reported Tuesday that its fourth-quarter net income increased to $99.3 million or $0.89 per share from $46.4 million or $0.48 per share for the year-ago period. Net revenue grew 52% to $571.6 million from $377.2...

Merck (MRK) announced the U.S. FDA has accepted for review a supplemental Biologics License Application (sBLA) for KEYTRUDA (pembrolizumab), the company's anti-PD-1 therapy, seeking approval for treatment of patients with recurrent or advanced gastric or gastroesophageal junction adenocarcinoma who have...

Ryanair Holdings plc (RYA.L, RYAAY) announced a new flight partnership with Air Europa, which will allow its customers to book Air Europa long haul flights on the Ryanair website. From May 23, customers can browse and book Air Europa flights on 20 long haul routes from Madrid to 16 countries. The second...

Sonus Networks, Inc. (SONS) and GENBAND announced a definitive agreement under which the two companies will merge under a newly formed holding company. GENBAND is a global leader in real-time communications software solutions for service providers, enterprises, independent software vendors, systems integrators...

Evine Live Inc. (EVLV) announced, for fiscal 2017, the company continues to expect slightly positive sales and adjusted EBITDA to be in the $18 to $22 million range, which would be growth of 11% to 36% year over year. The company noted that these results include a 53rd week in fiscal 2017. For second-quarter,...

TollBrothers-052317.jpg Toll Brothers, Inc. (TOL) reported second-quarter net income of $124.6 million, or $0.73 per share compared to $89.1 million, or $0.51 per share, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63, for the quarter. Analysts' estimates typically exclude special items. Pre-tax income was $199.2 million, compared to $140.4 million, prior year.

Fraport AG (FRA.DE, 0O1R.L, FPRUF.PK) Tuesday proposed to increase in dividend to 1.50 euros, from 1.35 euros last year. Looking ahead, Fraport expects passenger traffic to grow by two to four percent, while revenue is forecast to rise up to 2.9 billion euros. The Group net profit is expected to reach...

German luxury fashion brand Hugo Boss AG (HUGSF.PK) Tuesday said it expects retail sales productivity growth of 20 percent in the next five years. Further, the company said it expects expansion of casual and athleisure offering in stores, and rollout of omnichannel services. It has plans for investment...

Nokia corp (NOK) and Apple (AAPL) said Tuesday that they have settled all litigation related to their intellectual property dispute and agreed a multi-year patent license. As per a business collaboration agreement, Nokia will be providing certain network infrastructure products and services to Apple....

De La Rue Plc. (DLAR.L), a commercial banknote printer and security paper maker, Tuesday reported that its fiscal 2017 profit before tax increased 6 percent to 58.2 million pounds from 54.9 million pounds last year. Basic earnings per share grew 1 percent to 47.2 pence from 46.8 pence last year. Adjusted...

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