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Linde AG (LDE.L, LNAGF.PK) said that its executive board has decided to resume talks with U.S.-based Praxiar Inc. (PX) about the essential conditions of a potential merger of equals between the two companies. Linde's executive board took the decision to resume talks after consultation with the Supervisory...

Curtiss-Wright Corp. (CW) Wednesday announced a definitive stock purchase agreement to acquire Teletronics Technology Corp. or TTC for $233 million in cash. The acquisition is expected to be accretive to 2017 earnings per share excluding the effects of purchase accounting. TTC is a privately held...

John Wiley & Sons Inc. (JW-B, JW-A) reported that its second-quarter net loss was $11.45 million or $0.20 per share, compared to profit of $43.60 million or $0.74 per share in the prior year. Adjused net income per share declined to $0.76 from $0.78 last year. Analysts polled by Thomson Reuters expected...

SunPower Corp. (SPWR) announced a broad restructuring program to position the company for long term, sustainable growth. This includes a workforce reduction of about 25 percent or 2,500 employees. As part of the restructuring, SunPower will rationalize capacity to balance production with near-term...

FIS (FIS) announced a definitive agreement to sell its SunGard Public Sector and Education businesses to Vista Equity Partners for $850 million. The company expects cash proceeds, net of taxes and deal-related expenses, from the transaction of approximately $500 million. Net cash proceeds will be used...

Starbucks (SBUX) said the company's five-year strategic plan targets to grow revenue by 10 percent, EPS by 15-20 percent, and drive mid-single digit comp growth each year, as it plans to open approximately 12,000 new stores globally by 2021. Howard Schultz, CEO, said: "Our Roasteries and Starbucks...

Brown-Forman Corp. (BFB, BFA) on Wednesday reported that its profit for the second quarter declined 1 percent from last year on lower sales and the impact of adverse foreign exchange. However, earnings per share for the quarter matched analysts' estimates, while revenues beat their estimates. Looking...

Xerox (XRX) announced long-term financial model as a standalone company, as it expects to complete the separation of Conduent Incorporated on Dec. 31, 2016. The new Xerox expects to: expand operating margins to be in the range of 12.5 - 14.5 percent in the near term by delivering at least $1.5 billion...

Illumina, Inc. (ILMN) announced the appointment of Sam Samad as Senior Vice President and Chief Financial Officer. He will join the company on January 6th, 2017. Sam will be responsible for the company's finance, accounting, investor relations, internal audit and treasury functions. Sam joins Illumina...

Southwest Airlines Co. (LUV) said that it flew 10.4 billion revenue passenger miles or RPMs in November 2016, an increase of 7.2 percent from the 9.7 billion RPMs flown in November 2015. Available seat miles (ASMs) increased 4.9 percent to 12.3 billion in November 2016, compared with November 2015...

Lowe's Companies, Inc. (LOW) announced the company expects earnings per share of approximately $3.521 for the 53-week fiscal year ending February 3, 2017. Total sales are expected to increase 9 to 10 percent, including the 53rd week. The 53rd week is expected to increase total sales by approximately...

As per a report published in The Wall Street Journal, Royal Dutch Shell (RDS-B, RDSB.L, RDSA.L, RDS-A) is expected to sign deals to develop three Iranian oil and gas fields. The company is expected to sign the deals on December 7 with the state-owned NIOC in Iran. Total SA is also reportedly in negotiations...

The Competition and Markets Authority in the U.K. has imposed an 84.2 million pound fine on Pfizer (PFE) and a 5.2 million pound fine on the distributor Flynn Pharma after finding that each broke competition law by charging excessive and unfair prices in the U.K. for phenytoin sodium capsules, an anti-epilepsy...

Hon Hai Precision Ind. Co. Ltd confirmed that the company is in preliminary discussions regarding a potential investment that would represent an expansion of its current US operations. Foxconn said, while the scope of the potential investment has not been determined, it will announce the details of any...

Staples, Inc. (SPLS) and Cerberus Capital Management, L.P. announced they have entered into an agreement in relation to the sale of a controlling interest in Staples' European operations to a Cerberus affiliate. Staples said the company is retaining a 15 percent equity interest in the business and will...

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