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Steel Dynamics Inc (STLD) said Tuesday it has completed the acquisition of Severstal Columbus LLC, a new and technologically advanced mini-mill in North America. As previously announced, the purchase price for Columbus was $1.625 billion in cash, with customary transaction purchase price adjustments,...

AK Steel (AKS) said Tuesday it has completed its acquisition of Severstal North America's integrated steelmaking assets located in Dearborn, Michigan. The transaction also included a cokemaking facility and interests in three joint ventures that process flat-rolled steel products. AK Steel paid $707...

Fitch Ratings said Tuesday that it has affirmed Starbucks Corp.'s (SBUX) long-term Issuer Default rating at 'A-' and short-term IDR at 'F2'. The Rating Outlook is Stable. Fitch said the ratings reflect its expectation that Starbucks will maintain total adjusted debt-to-operating EBITDAR in the...

Ross Stores, Inc. (ROST) said Tuesday that it has priced the public offering of $250 million of senior notes due in 2024. The notes will be issued at a price of 99.329% of their principal amount and will bear interest at a rate of 3.375% per annum. This note offering is projected to settle on...

Brown & Brown, Inc. (BRO) said Tuesday that it has priced its debt offering of $500 million of 4.20% senior notes due 2024. The offering is expected to close on September 18. The company plans to use the net proceeds from the offering to retire outstanding amounts on its revolving credit facility...

WiLAN Inc. (WIN, TO, WILN), Tuesday said its bought a portfolio of patents related to technology used in Smart Meters that are deployed in the energy market. Financial terms of the tranasaction were not disclosed. "This new partnership, our 30th and second in the energy market, is part of our ongoing...

Stratasys Ltd. (SSYS) said Tuesday that it has agreed to buy privately-held GrabCAD, Inc. in an all-cash deal. Terms of the deal were not disclosed. The deal is expected to be completed by the end of September. Upon completion of the deal, GrabCAD will operate as a unit within the Stratasys Global...

ADP (ADP) announced that its board has approved the share distribution ratio for the spin-off of CDK Global from ADP. As previously announced, ADP expects that after the market close on the distribution date of September 30, 2014, the two companies will be separated through a distribution of shares...

UK-based advertising giant WPP Plc (WPP.L, WPPGY) Tuesday said it has made a strategic investment in Indigenous Media LLC, a new digital studio that produces scripted content and develops channel brands for content distribution, founded by award-winning film makers Jon Avnet, Rodrigo Garcia and Jake...

Automaker General Motors Co.'s (GM) Russian unit the Opel Group Tuesday said it is realigning its operations in Russia due to difficult market and selling pressure and pricing. The company said it is hurting their business in Russia and expects this trend to continue for the rest of the year. GM's...

Men's Wearhouse Inc. (MW) Tuesday said its Board of Directors has named Mary Beth Blake as the company's President and Chief Merchandising Officer, effective September 10. She was previously Executive Vice President and Chief Merchandising Officer. She will continue reporting to Doug Ewert, Men's...

Sky-mobi Limited (MOBI), a mobile application platform in China, Tuesday announced that through its controlling subsidiary Mopin Technology Co., Ltd., it has entered into a strategic partnership with E Surfing, China Telecom's mobile internet services platform. Under the terms of the agreement, Sky-mobi...

Cree Inc. (CREE) announced it has filed patent infringement lawsuits in the District Court for the Western District of Wisconsin to prevent Harvatek Corp. and Kingbright Corp. from infringing the company's patented intellectual property. The company said the patents, among other things, protect its...

UPS (UPS) said it expects to hire between 90,000 - 95,000 seasonal employees to support the anticipated holiday surge in package deliveries that will begin in October and continue through January 2015. The company said it is gearing up for increased holiday delivery volume in 2014 as it prepares to...

Entropic (ENTR) said that its Board has authorized the evaluation of strategic alternatives to enhance shareholder value. The Board intends to consider a wide range of alternatives available to the Company. The company has engaged investment bank Barclays in connection with its efforts. The company...