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Ford Motor Co. (F) disclosed in a regulatory filing that it expects to record a pre-tax remeasurement loss of approximately $3.0 billion in the year ended December 31, 2016 related to pension plans and other postretirement employee benefits or OPEB plans. Of this total, $0.9 billion is associated...

AT&T Inc. (T) disclosed in a regulatory filing on Friday that it expects to record a noncash, pre-tax loss of about $1.0 billion in the fourth-quarter ended December 31, 2016 related to the annual remeasurement of pension and postemployment benefit plans. At December 31, 2016, the company decreased...

American International Group, Inc. (AIG) said Friday that it reached binding term sheet for an adverse development reinsurance agreement, effective January 1, 2016, with National Indemnity Company or NICO, a subsidiary of Berkshire Hathaway Inc. The agreement covers 80% of substantially all of AIG's...

Gilead Sciences, Inc. (GILD) announced Friday that the European Medicines Agency has validated its Marketing Authorization Application or MAA for Investigational Chronic Hepatitis C Therapy Sofosbuvir/Velpatasvir/Voxilaprevir (SOF/VEL/VOX). The MAA for the investigational, once-daily, single tablet...

Ascent Solar Technologies Inc. (ASTI, ASTIU) announced the company has entered into a Security Purchase Agreement with Tertius Financial Group Pte. Ltd., a Singapore based entity controlled and 50% owned by Ascent's CEO, Victor Lee. Ascent Solar will issue approximately 333.33 million shares of restricted...

AIXTRON SE (AIXNY.PK) announced that the current CEO, Martin Goetzeler, is leaving the company at the end of his contract on February 28, 2017. The company said its current Supervisory Board Chairman, Kim Schindelhauer, will take on Goetzeler's duties as CEO and CFO on an interim basis starting March...

Public transport operator National Express Group PLC (NEX.L) said that it appointed Matthew Ashley as Chief Executive Officer of North America division and Chris Davies as Group Finance Director following Matthew's move. After two and a half successful years as Group Finance Director, Matthew Ashley...

Apple Inc. (AAPL) is willing to start making iPhones in India, but it wants a big helping hand from the Indian government first, according to reports. The Cupertino, California-based company is scheduled to meet with officials in New Delhi next week to discuss the prospects for setting up manufacturing...

Avaya Inc. said that it filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The company's foreign affiliates are not included in the filing and will continue normal operations. The Company has obtained...

Bassett Furniture Industries Inc. (BSET) Thursday announced fourth quarter net income of $5.045 million, down 4.4 percent from $5.682 million a year ago. On a per share basis, earnings declined to $0.47 from $0.53 last year. On average, three analysts polled by Thomson Reuters expected the company...

CA Technologies (CA) said it has completed the acquisition of Automic Holding GmbH, a leader in business process and IT automation software. With the completion of the transaction, Todd DeLaughter, Automic's Chief Executive Officer, becomes a general manager reporting into CA's Chief Product Officer...

PPG Industries Inc. (PPG) announced that its board has elected Vincent J. Morales to serve as senior vice president and chief financial officer, effective March 1. Morales is replacing Frank Sklarsky as CFO, who has announced his retirement also effective March 1. Morales will report to Chairman and...

Allergan plc (AGN) announced the approval of RHOFADE cream by the U.S. Food and Drug Administration for the topical treatment of persistent facial erythema (redness) associated with rosacea in adults. Approval was based on two clinical studies that evaluated the primary efficacy endpoint on day 29. RHOFADE...

J.B. Hunt Transport Services Inc. (JBHT) Thursday announced an increase in fourth quarter net income to $117.56 million from $116.75 million a year ago. On a per share basis, earnings edged up to $1.05 to $1.01 last year. On average, 23 analysts polled by Thomson Reuters expected the company to earn...

KCG Holdings, Inc. (KCG) reported consolidated earnings of $196.2 million, or $2.47 per share, for the fourth quarter of 2016. Included in the fourth quarter pre-tax earnings of $309.9 million is a pre-tax gain of $331.0 million from the sales of substantially all shares of Bats Global Markets, Inc....

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