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The New York State Department of Financial Services or DFS said that Israel's Bank Leumi will pay $130 million to DFS, move to terminate and ban individual senior employees who engaged in misconduct, and admit its violations of law for conducting an illegal cross-border scheme to assist U.S. clients...

Australian telecom giant Telstra Corp. Ltd. (TLS.AX, TLSYY) agreed Tuesday to acquire Asian telecommunications and services provider Pacnet Ltd. in a deal valued at $697 million, subject to completion adjustments. The deal, subject to regulatory and Pacnet financier approvals, is expected to complete...

The Department of Justice and the U.S. Environmental Protection Agency announced that XTO Energy Inc., a subsidiary of ExxonMobil (XOM), will pay a civil penalty of $2.3 million for violations of the Clean Water Act and West Virginia law. The Clean Water Act prohibits the filling or damming of wetlands,...

Beleaguered branded apparel maker American Apparel, Inc. (APP) said Monday that it has appointed Colleen Brown as chairperson of its board of directors. The company added that it has received an indication of interest to acquire it for $1.30 to $1.40 per share, adding that it will evaluate the proposal...

The United States has filed a civil False Claims Act complaint against Omnicare Inc. (OCR) alleging that it solicited and received millions of dollars in kickbacks from pharmaceutical manufacturer Abbott Laboratories (ABT), the Justice Department announced. In its complaint, the United States alleges...

Allegiant Travel Co. (ALGT) said that it is taking a $43.2 million write-down on the value of its Boeing 757 aircraft fleet. The charge will occur in the fourth quarter of 2014. "This non-cash impairment charge resulted from a recent review of the value of the Company's Boeing 757 assets," stated...

Tribune Media Co. (TRCO) announced the sale of its CW network affiliation in Indianapolis to Media General, Inc. (MEG), with the acquisition beginning on January 1, 2015. Specific financial terms of the transaction were not disclosed. "We are pleased to have reached this agreement, which is financially...

The CW Network has signed a new long-term affiliation agreement with Media General, Inc. (MEG) for its station WISH-TV in Indianapolis, effective January 1, 2015. Beginning January 1, Indianapolis-area viewers will be able to watch The CW's Golden Globe-nominated comedy JANE THE VIRGIN, the runaway...

DISH Network Corp. (DISH) on Monday continued its bid to block the proposed $45 billion merger between cable television giants Comcast Corp. (CMCSA, CMCSK) and Time Warner Cable, Inc. (TWC). DISH has filed a reply in support of petitions for the Federal Communications Commission or FCC, to deny the...

Northern Blizzard Resources Inc. (NBZ.TO) said it has reduced its capital program for 2015 by 40 percent in response to the significant decline in crude oil prices. The capital program for 2015 has now been reduced from C$215 million to C$130 million. As a result, the company's estimated 2015 production...

SeaChange International, Inc. (SEAC) said Monday that it has entered into a binding agreement to acquire TLL, LLC which does business as Timeline Labs, a privately-owned, California-based SaaS company that enables local broadcasters, local and national news organizations, cable news channels and other...

Vanda Pharmaceuticals Inc. (VNDA) said Monday that it has reached a settlement agreement with Novartis AG (NVS) related to the ongoing Fanapt license arbitration proceedings. The parties have agreed to dismiss the ongoing Fanapt arbitration and to release each other from any related claims. As...

Business software maker Oracle Corp. (ORCL) said Monday that it has signed an agreement to buy Datalogix, a consumer data collection company connecting offline consumer spending to digital marketing that helps marketers increase the effectiveness and measurability of their advertising. Terms of the...

Sky Solar Holdings, Ltd. (SKYS) said Monday that Weili Su, Chairman of the Board and founder of the company, has been appointed to an additional role as the new Chief Executive Officer. He will be responsible for managing the daily operations of the company. Su is the founder of Sky Solar Holdings...

Electronics For Imaging Inc. (EFII), Monday said its CFO David Reeder has resigned from the company and accepted the position of Chief Financial Officer at Lexmark International Inc. (LXK). David will remain with EFI through January 9 to ensure a smooth transition. The company intends to appoint Marc...