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FedEx Corp. (FDX) Tuesday announced the realignment of its specialty logistics and e-commerce solutions in a new structure under FedEx Trade Networks, Inc., beginning March 1. The FedEx Trade Networks will be led by FTN CEO Richard Smith. FedEx said the elements of the new organization will be...

B. Riley Financial, Inc. (RILY) Tuesday said it plans to acquire 29 percent of bebe stores, inc. to create a tax efficient platform. B. Riley said it has converted its existing loan into shares of bebe common stock and has acquired 250,000 additional shares from a family trust formed by bebe founder...

General Motors Co. (GM) announced the company estimates 2017 EPS-adjusted at the high end of the previously stated range of $6.00 to $6.50. For 2018, the company forecasts results to be largely in line with expected 2017 results. The company said, in 2018, it will continue product momentum with the introduction...

Avis Budget Group Inc. (CAR) said that it estimates that for the full-year ended December 31, 2017, revenues increased to approximately $8.85 billion, and it expects pretax income to be between $205 million and $215 million and Adjusted pretax income to be between $340 million and $350 million. Analysts...

Blackhawk Network Holdings Inc. (HAWK) said that Silver Lake and P2 Capital Partners have agreed to acquire Blackhawk in an all-cash transaction for a total consideration of about $3.5 billion, which includes Blackhawk's debt. As per the terms of the agreement, Blackhawk stockholders will receive...

Swedish telecom equipment maker Ericsson (ERIC) said Tuesday that it will take a write-down of 14.2 billion Swedish kronor, or $1.8 billion, following the impairment testing of its businesses. The company also expects a non-cash charge of about 1.0 billion kronor due to the recent U.S. tax reform. Ericsson...

USA Compression Partners, LP (USAC), Energy Transfer Partners, L.P. (ETP) and Energy Transfer Equity, L.P. (ETE) announced a transaction valued at approximately $1.8 billion, providing for the contribution of ETP's subsidiaries, CDM Resource Management LLC and CDM Environmental & Technical Services LLC,...

RXi Pharmaceuticals Corp. (RXII) outlined its 2018 business strategy during a webcast presentation at the Biotech Showcase conference. RXi will focus development initiatives on novel immuno-oncology therapeutics using its proprietary sd-rxRNA platform. Focusing the development portfolio on Immuno-oncology,...

Foundation Medicine, Inc. (FMI) Tuesday said it has entered into a broad partnership with Pfizer Inc. (PFE) for development, regulatory support and commercialization of companion diagnostics that will be included in updates to FoundationOne CDx. The companion diagnostics will be used for Pfizer's oncology...

Automotive supplier Magna International Inc. (MG.TO, MGA) provided its financial outlook for fiscal 2018 and 2020. The company noted that its outlook reflects the new reporting segments that it recently announced as part of a realignment of its management structure along product lines. Magna said...

First Majestic Silver Corp. (AG, FR.TO) reported that its total production in 2017 reached 16.2 million equivalent ounces of silver, representing a 13% decrease over 2016, and in-line with the Company's guidance of 15.7 to 16.6 million silver equivalent ounces. Total production consisted of 9.7 million...

Merck (MRK) announced that the pivotal Phase 3 KEYNOTE-189 trial investigating KEYTRUDA or pembrolizumab, Merck's anti-PD-1 therapy, in combination with pemetrexed (Alimta) and cisplatin or carboplatin, for the first-line treatment of patients with metastatic non-squamous non-small cell lung cancer,...

AutoNation, Inc. (AN) announced the company expects a benefit of approximately $41 million in the fourth quarter of 2017, or approximately $0.45 per share, due to the recent tax reform bill and the one-time impact on its deferred tax liability. For the full year 2018, the company expects a benefit of...

American Water Works Company, Inc. (AWK) updated its previously issued earnings guidance to include estimated impacts of the Tax Cuts and Jobs Act (TCJA). The company updated its 2017 GAAP EPS guidance and affirmed adjusted EPS guidance, including the estimated impacts of the TCJA. American Water's...

Energizer Holdings, Inc. (ENR), a manufacturer of primary batteries and portable lighting products, on Tuesday said it has agreed to acquire Global Battery and Portable Lighting Business from Spectrum Brands Holdings, Inc. (SPB) for $2.0 billion in cash. Energizer said the transaction is expected...

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