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PayPal Inc on Wednesday agreed to buy Xoom Corp (XOOM), a digital money transfer provider, for $25 per share in cash or an approximate $890 million enterprise value. The deal represents a premium of 32% over Xoom's three-month volume-weighted average price. The deal, expected to close in the fourth...

Hewlett-Packard Co (HPQ) on Wednesday said Hewlett Packard Enterprise Co has filed an initial Registration Statement on Form 10 with the Securities and Exchange Commission, thereby fulfilling an important step in HP's plans to separate into two companies. HP is separating into two companies effective...

Coal producer Peabody Energy (BTU) on Wednesday said it has named longstanding financial executive Amy Schwetz to executive vice president and chief financial officer. Schwetz replaces Michael Crews, who has announced plans to step down by the end of July to take the top financial position at a major...

Electronics For Imaging Inc (EFII) on Wednesday announced the acquisition of Italy-based Reggiani Macchine in a move to gain an edge in the high-growth inkjet textile printing space. As per the terms of the deal, EFI will repay Reggiani debt of about €20.1 million ($22.6 million), pay the former...

Discount retailer Family Dollar Stores Inc (FDO), which is being acquired by rival Dollar Tree Inc. (DLTR), on Wednesday reported third-quarter net earnings of $79.9 million or $0.70 per share compared with $81.1 million or $0.71 per share last year. Excluding items, adjusted earnings for the quarter...

Idex Corp (IEX), a maker of fluidic systems and specialty engineered products, on Wednesday announced the acquisition of Cidra Precision Services LLC, a maker of microfluidic components serving the life science, health and industrial markets. Cidra was acquired for a cash consideration of $19.5 million...

Progress Software Corp. (PRGS) reported net income for the second quarter of $5.8 million or $0.11 per share, compared to $12.8 million or $0.25 per share for the year-ago quarter. Excluding items, adjusted net income for the second quarter was $18.1 million or $0.35 per share, compared to $19.2 million...

Coal supplier Alpha Natural Resources Inc (ANR) on Wednesday said its subsidiary, Pennsylvania Services Corp, has acquired the 50% interest in its natural gas exploration and production joint venture, Pennsylvania Land Resources Holding Co LLC, owned by EDF Trading Resources LLC. The $126 million...

Enterprise Products Partners L.P. (EPD), a provider of midstream energy services, on Wednesday said it has executed a long-term agreement for incremental ethane transportation capacity on the partnership's Aegis pipeline. With this agreement, total capacity commitments for the Aegis pipeline will...

Franklin Covey Co (FC), a provider of training and consulting services, on Wednesday reported third-quarter net earnings of $1.2 million or $0.07 per share compared with $1.9 million or $0.11 per share last year. Revenues for the quarter were $48.3 million compared with $47.1 million in the prior...

Ambarella, Inc. (AMBA), a developer of video compression and image processing semiconductors, said Wednesday that it has bought privately held Italian company VisLab S.r.l. for $30 million in cash. VisLab, the Vision and Intelligent Systems Laboratory at the University of Parma, is a pioneer in perception...

Grain processor Archer Daniels Midland Co (ADM) on Wednesday announced an equal joint venture with Quality Liquid Feeds Inc for the production and sale of liquid feed supplements for livestock. The joint venture consists of four liquid feed production facilities formerly owned by Archer Daniels —...

CyrusOne Inc. (CONE) said Wednesday that it has closed the acquisition of Cervalis Holdings LLC, a privately-held operator of four data center facilities and two work area recovery facilities serving the New York metropolitan area. The deal expands CyrusOne's existing portfolio to 31 data centers...

Marsh & McLennan Agency LLC, a part of insurance broker and risk manager Marsh & McLennan Cos Inc (MMC), on Wednesday said it acquired St. Louis, Missouri-based J.W. Terrill, an independent agency in the Midwest. The financial terms of the deal were not disclosed. Marsh & McLennan Agency said the...

Level 3 Communications Inc (LVLT) on Wednesday said it acquired privately held Black Lotus, a provider of Distributed Denial of Service ("DDoS") mitigation services. The company said it acquired the outstanding equity of Black Lotus in an all-cash transaction. Terms of the transaction were not disclosed. Level...

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