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Vox Media will acquire Revere Digital, parent company of the technology-news website and conference business Re/code, less than 18 months after the site's launch. Vox Media said that Re/code, the technology business news organization founded by Kara Swisher and Walt Mossberg, will join the company. Vox...

General Electric Co. (GE) said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter. Quoting the people, the report said that no deal has been reached yet with Toronto-based...

Crescent Point Energy Corp. (CPG, CPG.TO) announced that it has entered into an arrangement agreement to acquire all of the issued and outstanding shares of Legacy Oil + Gas Inc. (LEG.TO). Total consideration for the Legacy Arrangement is approximately C$1.53 billion, comprised of about 18.97 million...

Reynolds American Inc. (RAI) and Lorillard Inc. (LO) announced that the U.S. Federal Trade Commission or FTC has voted to accept a proposed consent agreement, authorizing RAI to close its proposed acquisition of Lorillard. The FTC clearance is subject to certain conditions, most of which the companies...

Steel Dynamics Inc. (STLD) announced that it plans to idle its Minnesota ironmaking operations located in Chisholm and Hoyt Lakes, MN, effective immediately. It has elected to idle the operations for an initial twenty-four month period given the continued significant decline in pig iron pricing, which...

Golden Minerals Company (AUMN, AUM.TO) announced that it has promoted Warren Rehn to President of the company. Jeffrey Clevenger continues to serve as Chairman and Chief Executive Officer of Golden Minerals. In his new role, Mr. Rehn will focus on developing new producing assets and continue to lead...

Amazon (AMZN) announced it is hiring for more than 6,000 full-time jobs across its U.S. fulfillment network to meet growing customer demand. Employees will pick, pack and ship customer orders. Amazon said it offers hourly employees innovative programs like Career Choice, where the company will pre-pay...

Taro Pharmaceutical Industries Ltd (TARO) on Tuesday reported fourth-quarter net earnings of $152.3 million or $3.56 per share compared with $89.6 million or $2.10 per share last year. Revenues for the quarter were higher at $244.2 million compared with $187.2 million in the prior year. Gross margin...

Reynolds American Inc. (RAI) and Lorillard, Inc. (LO) said Tuesday that the U.S. Federal Trade Commission has voted to accept a proposed consent agreement, authorizing Reynolds American to close its proposed $27.4 billion acquisition of Lorillard. Reynolds and Lorillard have agreed to divest four...

Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,...

Food retailer Fairway Group Holdings Corp (FWM) on Tuesday reported fourth-quarter net loss of $8.5 million or $0.20 per share compared with a loss of $8.8 million or $0.21 per share last year. Excluding items, adjusted loss for the quarter was $719 thousand compared with a loss of $252 thousand a...

21Vianet Group Inc (VNET), the Chinese integrated Internet infrastructure services company, on Tuesday reported first-quarter net loss to stockholders of 96.7 million renminbis or $15.6 million, compared with a loss of 151.8 million renminbis in the prior year. Loss per American depositary share for...

Hormel Foods Corp. (HRL) said Tuesday that it has agreed to buy Applegate Farms, LLC, owner of the Applegate brand, the No. 1 brand in the natural and organic value-added prepared meats category, for about $775 million. The deal is expected to close within 60 days. Applegate will operate autonomously...

Nimble Storage Inc (NMBL), a provider of flash storage solutions, on Tuesday reported first-quarter net loss of $29 million or $0.38 per share compared with a loss of $19.6 million or $0.28 per share last year. Excluding items, adjusted loss for the quarter was $0.10 per share compared with a loss...

Transportation and logistical services provider C.H. Robinson (CHRW) on Tuesday said it has appointed Andrew Clarke as chief financial officer effective June 1. Clarke will report to president and chief executive officer John Wiehoff. Chad Lindbloom, the long-time CFO, will fully transition to the...

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