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Energy services company Shawcor Ltd. (SCL.TO, SCL_SV_A.TO) announced late Sunday that it has entered into an arrangement agreement to acquire ZCL Composites Inc. (ZCL.TO) for C$10 per share in cash. The price per share implies an aggregate fully diluted equity value for ZCL of approximately C$308 million. The...

Helios & Matheson Analytics Inc., the parent company of Movie Pass, has filed with the Securities and Exchange Commission to spin off the cinema discount-ticketing service. The company had announced in October that it would spin off the service. The company's board had approved a plan to create a...

The United States Department of Agriculture (USDA) Food Safety and Inspection Service has announced a recall of H & T Seafood Inc.'s Siluriformes fish products. According to the agency, the products were not presented for import re-inspection upon entry into the United States. About 71,435 pounds...

The Federal Trade Commission is reportedly considering to impose a "record-setting fine" against Facebook for allegedly failing to protect users' data. According to the Washington Post, U.S. regulators have met to discuss imposing a record-setting fine against Facebook for violating a legally binding...

Johnsonville LLC has recalled about 48,000 pounds of raw ground pork patty products as it may be contaminated with black rubber. According to the USDA, the raw ground frozen pork patties were produced and packaged on September 27, 2018, October 17, 2018 and October 18, 2018. The recalled products...

Johnson & Johnson (JNJ) said that its subsidiary Janssen Pharmaceuticals, Inc., will collaborate with Apple Inc. (AAPL) in a research study to investigate whether a new heart health program using an app from Johnson in combination with Apple Watch's irregular rhythm notifications and ECG app can improve...

ford-f-150-011819.jpg Ford Motor Co. plans to launch an all-electric plugin version of its popular F-150 pickup truck. The announcement was made by Jim Farley, Ford's president of Global Markets, during a presentation at the Deutsche Bank Global Automotive Conference in Detroit. Ford's announcement comes as the auto industry transitions away from fossil fuel-powered transportation to electric vehicles.

Nissan Motor Co. (NSANF.PK, NSANY.PK) and Mitsubishi Motors Corp. said Friday that Carlos Ghosn, former chairman of the two companies, improperly received 7.82 million euros or about $9 million from Nissan-Mitsubishi B.V., a joint venture company established by the companies. Nissan Motor Co.. and...

State Street Corp. (STT) said that the new cost-cutting program will reduce its workforce by 6%, or about 1,500 employees and will cut number of senior managers by 15%. Ronald O'Hanley, President and Chief Executive Officer, said ",... Amidst challenging market and industry headwinds, we have launched...

GameStop Corp. (GME) reported, for the for the nine-week holiday period ended January 5, 2019, total global sales were $2.63 billion, a 5.0% decrease compared to the prior year nine-week holiday period ended December 30, 2017. Total comparable store sales increased 1.5%, including a 3.6% increase in...

Eli Lilly and Company (LLY) said that a late-stage trial of a treatment for sarcoma did not meet the primary endpoints. It is suspending promotion of lartruvo. It expects to incur a charge of $70 million - $90 million pre-tax or $0.10 per share in the first quarter. In addition, the company expects the...

Cooper Tire & Rubber Co. Europe Ltd., a subsidiary of Cooper Tire & Rubber Co. (CTB) said Friday it will move forward with a previously announced proposal to cease light vehicle tire production at its Melksham, England facility. The plan is geared to help Cooper Tire Europe enhance its competitiveness...

Tesla CEO Elon Musk, in an email sent to all employees, confirmed the company will reduce full-time employee headcount by approximately 7% and retain only the most critical temps and contractors. Elon Musk stated that Tesla will need to make these cuts while increasing the Model 3 production rate and...

Tiffany & Co. (TIF) on Friday reported a decline in sales results for the two months, or holiday period, ended December 31, 2018. Looking ahead, the company updated its outlook for fiscal 2018 and provided preliminary guidance for fiscal 2019. Worldwide net sales for the holiday period declined 1...

Wipro Ltd. (WIT) reported that its third-quarter net income was $360.8 million, up by 29.6% from prior year. EPS was $0.08, an increase of 38.2%. For the third-quarter, gross revenue was at $2.2 billion, up 10.2% from previous year. Adjusted non-GAAP constant currency IT Services Segment revenue grew...

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