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Actavis plc (ACT) said Thursday that it has entered into agreements with Akorn, Inc. and Hi-Tech Pharmacal Co. Inc. to purchase four currently marketed products and one product under development for cash consideration. The agreements include three products marketed under Abbreviated New Drug Applications...

First Financial Bankshares Inc (FFIN) Thursday reported first-quarter net earnings of $22.3 million or $.70 per share, compared with $18.6 million or $0.59 per share last year. On average, eight analysts polled by Thomson Reuters projected earnings of $0.66 per share for the quarter. Net interest...

Interactive Intelligence Group Inc. (ININ) said Thursday that it has entered into a letter of intent to acquire OrgSpan Inc., a privately held company that offers cloud-based enterprise social communications solutions. Subject to the negotiation of definitive documentation approval by the Interactive...

Unwired Planet, Inc. (UPIP) said Thursday it has completed its patent license and purchase deal with China's Lenovo Group Ltd., initially disclosed on March 20. The agreements called for $100 million upfront payment for both a pre-payment on the license and for the sale of 142 patents. Net proceeds...

Transport management company Hub Group Inc. (HUBG), Thursday reported a drop in profit for the first quarter despite a double-digit revenue growth, as expenses escalated due to the harsh winter weather. Commenting on the results, Chief Executive David Yeager said, "The first quarter of 2014 was marked...

Molecular-tests system maker Cepheid (CPHD), Thursday posted a loss for the first quarter from a profit last year, hurt largely by higher operating costs that offset revenue growth. Sunnyvale, California-based Cepheid reported a first-quarter loss of $9.3 million or $0.13 per share, compared to a...

Lowe's Cos., Inc. (LOW), one of the largest home improvement retailer in the US, has agreed to pay a penalty of $500 thousand for the violation of rules related to minimize exposure of lead dust during renovations. Lowe's Home Centers has also agreed to implement a compliance program at its more than...

Gainers: Advanced Micro Devices, Inc. (AMD) gained 6 percent to $3.91. The company's first quarter net loss narrowed from the year-ago quarter and its adjusted earnings per share topped Wall Street view. Revenue for the quarter rose 28 percent and came in above the consensus estimate. Decliners: athenahealth,...

Nutritional supplement maker Herbalife Ltd. (HLF), which has been accused of operating as a pyramid scheme by hedge fund manager William Ackman, revealed Thursday that it was being probed by llinois Attorney General's office. "We are confident in the integrity of our longstanding business and the...

General Motors Co (GM) said Thursday its dealers delivered about 2.42 million vehicles globally in the first quarter of 2014, up 2 percent year-over-year. Among GM's top five global markets by volume, China posted the largest year-over-year sales increase, with deliveries up 13 percent to a record...

Mattress maker Select Comfort Corp. (SCSS), Thursday said its first-quarter profit declined despite a 7 percent growth in revenues, as margins decreased and marketing costs rose during a period that was marred by harsh winter. Minneapolis, Minnesota-based Select Comfort's first-quarter profit dropped...

Acacia Research Corp. (ACTG) reported that its first quarter GAAP net loss of $24.4 million or $0.51 per share, compared to net income of $5.1 million or $0.10 per share in the comparable prior year quarter. Non-GAAP net loss for the quarter declined to $5.2 million or $0.11 per share, compared to...

Investors Bancorp, Inc. (ISBC) Thursday posted first-quarter net income of $34.4 million, up from $27.2 million in the comparable quarter last year. Earnings per share for the latest first quarter were $0.25, same as last year. On average, five analysts polled by Thomson Reuters expected the company...

Actavis plc (ACT) and Forest Laboratories, Inc. (FRX) said Thursday that they have each received a request for additional information from the Federal Trade Commission in connection with Actavis' pending acquisition of Forest. The information request was issued under notification requirements of...

Capital Bank Financial Corp. (CBF), a holding company for Capital Bank, National Association, Thursday posted net income for the first quarter of $11.4 million, or $0.22 per share, compared to $5.8 million, or $0.10 per share, a year earlier. Core net income for the latest first quarter of 2014 was...