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Brocade (BRCD) announced that it plans to acquire Connectem, a privately-held company in the LTE virtual Evolved Packet Core or vEPC market, in an all-cash transaction. Terms of the acquisition are not being disclosed, and it is expected to close in Brocade's second quarter of fiscal 2015, subject...

South Korean giant Samsung Electronics Co.'s (SMSN.L, SSNNF.OB, SSNLF.OB) launched its new flagship Galaxy S6 smartphone in two forms: regular and edge, which will sport a curved-edge display on both sides with a metal frame and glass body. Samsung unveiled the models in Barcelona on Sunday, ahead of...

Nokia (NOK) outlined its strategy for seizing the opportunities of a programmable world, and rounded off its launch line-up for Mobile World Congress (MWC) by unveiling the innovative predictive marketing solution, which lets operators tap growing amounts of data to offer smarter services, boost revenues...

French telecom major Orange SA (ORAN), previously known as France Telecom, is said to be looking at a merger with Italian phone carrier Telecom Italia SpA (TI, TIAOF), according to media reports on Sunday. The reported Franco-Italian merger will create a new European behemoth amid the wave of consolidation...

Santander Holdings USA Inc. has appointed a new chief executive officer as the unit of the Spanish banking giant works to shore up relationships with U.S. regulators, the Wall Street Journal reported citing people close to the firm. The Boston-based unit of Spanish lender Banco Santander SA (BNC.L,...

Mixed signal solutions provider NXP Semiconductors N.V. (NXPI) agreed Sunday to acquire embedded processing solutions provider Freescale Semiconductor Ltd (FSL) in a cash an stock deal valued at about $16.7 billion, including Freescale's net debt of $4.9 billion. The deal will create a merged entity...

NXP Semiconductors N.V. (NXPI) and Freescale Semiconductor Ltd (FSL) on Sunday said they entered into a definitive agreement under which NXP will merge with Freescale in a deal which values the combined enterprise at just over $40 billion. The deal is expected to be accretive to NXP non-GAAP earnings...

Science Applications International Corp (SAIC), a provider of technical, engineering and enterprise IT solutions, on Sunday said it agreed to buy smaller rival Scitor Corp from private equity firm Leonard Green & Partners for $790 million in cash. SAIC expects the deal to be EPS accretive in the...

Amgen (AMGN) and its subsidiary Onyx Pharmaceuticals on Sunday announced the results from a planned interim analysis showing that the Phase 3 head-to-head clinical trial ENDEAVOR evaluating Kyprolis (carfilzomib) for Injection in combination with low-dose dexamethasone versus Velcade (bortezomib) and...

HTC Corp on Sunday announced plans to bring mass-market virtual reality one step closer. The Taiwanese smartphone maker said that through a strategic partnership with game developer Valve Corp, the company seeks to transform the way in which consumers interact with technology and the world around...

The Federal Deposit Insurance Corp. or FDIC, announced Friday the shuttering of Puerto Rico's Doral Bank, taking the count of total U.S. bank closures in 2015 to four, after 18 in 2014, 24 in 2013, 51 in 2012, 92 in 2011 and the 157 bank closures in 2010. It is the most costly failure since Western...

Nathan's Famous Inc. (NATH) said Friday it has priced an offering of $135.0 million aggregate principal amount of its 10.000% Senior Secured Notes due 2020. The offering was increased from a prior announced size of $125.0 million in aggregate principal amount of Notes. The company intends to use...

Opko Health Inc (OPK), a biopharmaceutical and diagnostics company, on Friday reported fourth-quarter net loss of $53 million or $0.12 per share compared with a loss of $16.8 million or $0.04 per share last year. The company's revenues for the quarter were hihger at $25.5 million compared with $20.7...

Oilfield equipment maker Dresser-Rand Group Inc. (DRC) reported net income for the fourth quarter of $46.2 million or $0.60 per share, compared to $32.8 million or $0.43 per share for the year-ago quarter. Excluding items, adjusted net income for the latest quarter was $116.9 million or $1.52 per...

Intrexon Corp (XON), a company focused on synthetic biology, on Friday said it agreed to buy Canada-based Okanagan Specialty Fruits. Intrexon said that pursuant to the definitive agreement, Okanagan's stockholders will receive $31 million in Intrexon common stock and $10 million in upfront cash....

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