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Automotive aftermarket distributor Genuine Parts Co.'s (GPC) net income for the third quarter ended September 30, 2014 rose to $190.5 million from $173.7 million in the same period of the previous year. Earnings per share were $1.24 up from $1.12 last year. Analysts polled by Thomson Reuters expected...

Wynnefield Capital, a long-term holder of Chiquita Brands (CQB), owning 1.65 million shares or 3.5 percent of the company, said it rejects the Fyffes transaction backed by the Chiquita board as offering inferior value, and that it supports the recently announced $14.00 per share offer made by the Cutrale-Safra...

Laboratory Corporation of America Holdings (LH) and Monogram Biosciences Inc., part of the LabCorp Specialty Testing Group, announced the launch of HIV GenoSure Archive, the first laboratory test to help optimize antiretroviral or ARV drug regimens in virally suppressed HIV patients. GenoSure Archive...

Lennox International (LII) Monday reported third-quarter profit which increased, helped by growth in the residential segment. While profit topped the Street view, revenues fell short. Net profit grew to $67.4 million or $1.38 per share, from $64.3 million or $1.27 per share last year. Excluding...

KS International Holdings Corp., a Nevada based company, Monday revealed its intentions to enter into the M&A Markets and the appointment of new key management to effectively launch this new strategic direction. In addition, KS said it elected Sean Sego, Chief Executive Officer, Bob Chance, chief...

Shell Midstream Partners L.P., a limited partnership formed by European oil giant Royal Dutch Shell Plc. (RDS-A, RDSA.L, RDSB.L, RDS-B), has launched its initial public offering of 37.50 million common units, representing limited partner interests. The common units are expected to be listed on the...

Marsh, a wholly owned unit of Marsh & McLennan Companies Inc. (MMC), Monday said it will buy Torrent Technologies, Inc., a service provider in the flood insurance industry. The company did not reveal the terms of the deal. Peter Zaffino, Chief executive of Marsh, said in a statement, "Torrent Technologies...

TECO Energy Inc. (TE) Monday said it has signed an agreement to sell its coal mining subsidiary, TECO Coal and its subsidiaries, to Cambrian Coal Corp., a member of the Booth Energy Group, for a total sales price of $170 million. The total sales price includes future contingent consideration of $50...

Gannett Co. Inc. (GCI) reported that its net income attributable to the company for the third-quarter increased to $118.52 million from the previous year's $79.75 million, with earnings per share improving to $0.51 from $0.34 last year. Non-GAAP earnings per share of $0.59 for the third quarter, a...

Peabody Energy Corp. (BTU) reported third-quarter net loss attributable to common stockholders of $150.6 million or $0.56 per share, wider than $26.1million or $0.10 per share in the same quarter last year. Loss from Continuing Operations was $154.0 million or $0.58 per share, compared to income from...

Mitel Networks Corp. (MITL) Monday, proposed to buy all of the outstanding shares of ShoreTel, Inc.'s (SHOR) common stock for $8.10 per share in cash, representing a total equity value of nearly $540 million. The offer represents a 24 percent premium to ShoreTel's closing stock price on October 17 and...

PetMed Express Inc.(PETS) reported that its second-quarter of 2014 net income declined to $2.73 million from last year's $4.15 million, with earnings per share decreasing to $0.14 from $0.21 in the prior year. Excluding a one-time charge for an IT-related discontinued project, net income for the latest-quarter...

Merck (MRK), and Sanofi Pasteur, the vaccines division of Sanofi (SNY), announced that the Biologics License Application (BLA) filed for the companies' investigational pediatric hexavalent vaccine, DTaP5-IPV-Hib-HepB, has been accepted for review by the U.S. FDA. The pediatric hexavalent vaccine includes...

Platform Specialty Products Corp. (PAH) said that it expects net sales for the third-quarter of 2014 to be in the range of $195 million to $197 million compared to $188.4 million in 2013. Quarterly adjusted EBITDA is expected to be in the range of $51 million to $52 million compared to $47.6 million...

Cubist Pharmaceuticals, Inc. (CBST) Monday said it appointed Chief Operating Officer and President Robert Perez as its CEO, with effect from January 1, 2015, to replace Michael Bonney who will be retiring by the year end. Perez has been COO of Cubist since 2007 and President since 2012. Prior to joining...