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General Mills (GIS) announced a new global organizational structure. The company is eliminating the position of International Chief Operating Officer. Effective January 1, 2017, four business groups will report directly to Harmening, each led by a Group President. The new structure is expected to impact...

Liberty Mutual Insurance said it agreed to acquire Ironshore Inc., a premier global specialty lines company, from Fosun International Limited in a deal valued at about $3 billion. The transaction is expected to close in the first half of 2017 pending regulatory approvals and customary closing conditions. Once...

Sotheby's (BID) announced the establishment of a Scientific Research Department led by scientist James Martin, who will join the company following the acquisition of his firm, Orion Analytical. James Martin has undertaken more than 1,800 investigations for clients on five continents, and taught at...

Boehringer Ingelheim Pharmaceuticals, Inc. and Eli Lilly and Co. (LLY) said that the U.S. Food and Drug Administration has approved a new indication for Jardiance or empagliflozin tablets to reduce the risk of cardiovascular death in adults with type 2 diabetes and established cardiovascular disease....

Pfizer Inc. (PFE) and its partner Avillion LLP announced results from the Phase 3 BFORE trial demonstrating superiority of BOSULIF (bosutinib) over imatinib as a first-line treatment for patients with chronic phase Philadelphia chromosome positive chronic myeloid leukemia. The study met its primary endpoint...

Hilton Worldwide Holdings (HLT) announced Monday that its Board of Directors has approved the spin-off of Park Hotels & Resorts Inc. and Hilton Grand Vacations Inc. The Board approved the distribution to its shareholders of all of the outstanding shares of Park Hotels & Resorts, which will become...

Acceleron Pharma Inc. (XLRN) and Celgene Corp. (CELG) announced preliminary results from an ongoing investigator initiated Phase 2 study with investigational drug sotatercept in patients with myelofibrosis at the 58th Annual Meeting of the American Society of Hematology or ASH in San Diego, California....

Consolidated Communications Holdings Inc. (CNSL) announced it agreed to acquire FairPoint Communications Inc. (FRP), a business and broadband communications provider, in an all-stock merger transaction valued at approximately $1.5 billion, including debt. The agreement and the proposed merger have been...

Johnson Controls International, plc (JCI) announced its fiscal 2017 EPS before special items guidance of $2.60 to $2.75 per share, a 13 percent to 19 percent year-over-year increase, compared to the pro forma fiscal 2016 base of $2.31 per share. Guidance includes an organic revenue growth range of 2.5...

U.S. seed firm Monsanto Co. (MON) announced Monday that independent proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC have both recommended that Monsanto shareowners vote "FOR" the proposal for the $66 billion acquisition by German conglomerate Bayer AG (BAYZF.PK,...

Chesapeake Energy Corp (CHK) said it has signed an agreement to sell a portion of the company's acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for about $450 million to a private company. Included in the sale are about 78,000 net acres, 40,000 net acres...

Community Bank System, Inc. (CBU) announced Monday that is has entered into an agreement to acquire Northeast Retirement Services, Inc. or NRS for about $140 million in a cash and stock deal. Under the deal terms, shareholders of NRS will receive consideration of approximately $140 million, in the...

WABCO Holdings Inc. (WBC) announced its board has authorized the company to commence a new two-year share repurchase program. The authorization allows for the repurchase of up to $600 million of common shares at the discretion of management from January 1, 2017 through December 31, 2018. Under the...

Airberlin plc (AIBEF.PK) announced the sale of its share in NIKI Luftfahrt GmbH to Etihad Investment Holding Company LLC for a total consideration of 300 million euros. Etihad will not majority own or effectively control NIKI. Airberlin said the transaction when concluded will have a positive effect...

BP announced that drilling has commenced on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test the potential of a deep carboniferous...

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