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US pharmaceutical giant Pfizer Inc. (PFE.N) offered to acquire rival UK drugmaker AstraZeneca Plc (AZN.L, AZN) for $101 billion, or 60 billion pounds, accourding to media reports. The Sunday Times reported the takeover news citing some senior investment bankers and industry sources. The report indicated...

Barrick Gold Corp. (ABX, ABX.TO) and Newmont Mining Corp. (NEM), the world's largest gold mining companies, were in advanced talks about a merger as they grapple with a sharp drop in the price of gold, the Wall Street Journal reported Friday, citing people familiar with the matter. However, the talks...

Umpqua Holdings Corp. (UMPQ) and Sterling Financial Corp. announced the completion of their merger. The combined company will operate as Umpqua Holdings Corporation and conduct banking operations under the Umpqua Bank name and brand. Umpqua now has approximately $22 billion in assets, $15 billion...

Mylan Inc. (MYL) announced that Supreme Court Chief Justice Roberts has denied Teva's application for an injunction seeking to prevent Mylan's launch of a generic version of Copaxone pending the Supreme Court's decision on Teva's appeal. Mylan CEO Heather Bresch said: "We look forward to introducing...

3D Systems Corp. (DDD) said Friday that the United States Court of Appeals for the Federal Circuit has affirmed summary judgment in favor of 3DS, dismissing all remaining claims brought by DSM Desotech. DSM Desotech had alleged anticompetitive behavior with respect to 3DS' integrated printing systems...

Chinese IT services provider iSoftStone Holdings Ltd. (ISS) said Friday that it has entered into a definitive agreement and plan of merger with New iSoftStone Holdings Ltd. and New iSoftStone Acquisition Ltd., pursuant to which New iSoftStone will acquire iSoftStone for US$0.57 per ordinary share of...

Penns Woods Bancorp, Inc. (PWOD) reported net income for the first quarter of $3.5 million or $0.72 per share, compared to $3.7 million or $0.96 per share for the year-ago quarter. Operating earnings per share for the first quarter were $0.63, compared to $0.79 in the the same quarter last year. Net...

1st United Bancorp, Inc. (FUBC) reported net income for the first quarter of $2.7 million or $0.08 per share, compared t $1.6 million or $0.05 per share for the year-ago quarter. Net interest income for the first quarter rose to $18.7 million from $16.7 million a year ago. Provision for loan losses...

Citizens Holding Company (CIZN) reported net income for the first quarter of $1.8 million or $0.37 per share, compared to $1.4 million or $0.29 per share for the year-ago quarter. Net interest income for the first quarter of 2014, after the provision for loan losses for the quarter, was $6.86 million,...

Cubist Pharmaceuticals, Inc. (CBST) said Friday that it is voluntarily recalling one lot of Cubicin to the user level due to the presence of particulate matter, reported through customer complaint and identified as glass particles, found in a single vial from that lot, produced by a contract manufacturer. The...

Wholesale power generation company Calpine Corp. (CPN) said Friday that it has agreed to sell six power plants in its Southeast region to LS Power for $1.57 billion in cash, subject to working capital and other adjustments. The portfolio of assets comprises 3,498 MW of combined-cycle generation capacity...

Education loan provider SLM Corp. (SLM), commonly known as Sallie Mae, Friday said it has appointed Steven McGarry as executive vice president and chief financial officer of the future holding company of Sallie Mae Bank. The company noted that the appointment will take effect upon separation of consumer...

ARRIS (ARRS) announced it has acquired Mississauga, Ontario-based SeaWell Networks. The company said it is integrating SeaWell's adaptive bit rate streaming technologies and talent into its Network & Cloud business. The combined portfolio - of IP video, multiscreen, and ad insertion solutions - will...

ChinaEdu Corp. (CEDU) announced that its shareholders has voted in favor of the proposal to approve the previously announced Agreement and Plan of Merger dated December 31, 2013. The parties expect to complete the merger as soon as practicable, subject to the satisfaction or waiver of the merger conditions....

Telecommunications services provider VimpelCom Ltd. (VIP) and its unit Global Telecom Holding S.A.E., or GTH, Friday announced that they have signed a share purchase agreement for sale by GTH of a 51 percent interest in Orascom Telecom Algerie SpA to Fonds National d'Investissement for a purchase consideration...