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Home Loan Servicing Solutions, Ltd. (HLSS) said Monday that its founer William Erbey will be stepping down as non-executive Chairman of the company's Board of Directors, effective January 16, 2015. The company also said that Robert McGinnis has been appointed non-executive Chairman of its board, effective...

TrueCar, Inc. (TRUE) said Monday that it expects a healthy U.S. auto industry in 2015 with sales of new cars and trucks rising at least 2.6% to 17 million units, the highest level since 2005. Total market sales, including new and used, should rise 3.4% to 55.4 million units in 2015 from about 54 million...

EnPro Industries Inc. (NPO) said Monday that it has bought Fabrico, Inc., a privately-held company offering highly engineered products and solutions to the land-based turbine industry. The business was acquired from Fabrico Holding Company LLC, a portfolio company of Prudential Capital Partners III,...

FirstEnergy Corp. (FE) said it is working on about $100 million in new transmission projects and also evaluating additional system upgrades to support northern West Virginia's expanding Marcellus Shale gas industry. The new transmission facilities will also enhance electric service reliability for Mon...

Altisource Portfolio Solutions S.A. (ASPS) announced that William Erbey, 65, is stepping down from his position as Director and Chairman of the Board of Directors of Altisource and that Timo Vättö, 50, has been appointed as Chairman, effective January 16, 2015. Erbey, who served as Director and Chairman...

Chemical giant EI DuPont De Nemours & Co. (DD) announced that it is consolidating its corporate headquarters at the company's Chestnut Run Plaza campus in New Castle County effective July 1, 2015, following a review of separation of assets and real estate associated with the separation of the company's...

Ocwen Financial Corp. (OCN) announced that it has reached a comprehensive settlement with the New York Department of Financial Services or "DFS" related to the agency's recent investigation. As part of the settlement, founder William Erbey will step down from his position as Executive Chairman of Ocwen,...

Biomedical products company Cerus Corp. (CERS) said that its Phase 2 clinical trial of red blood cells treated with the INTERCEPT Blood System met its primary endpoint. The company noted that preliminary analysis demonstrating that greater than 75 percent of treated red blood cells continued to circulate...

Branded apparel maker American Apparel, Inc. (APP) on Monday announced that Allan Mayer and David Danziger have stepped down as Co-Chairmen of the Board and will be replaced by Board Member Colleen Brown as Chairperson. The company noted that Mayer and Danziger will continue to serve as Members of...

Russian state oil company OAO Rosneft (ROSN.L) said that it repaid part of a loan obtained to finance the acquisition of TNK-BP. It paid to lenders around $7 billion. In such a manner, the overall amount paid throughout the year totaled $24 billion in full accordance with the credit agreement, Rosneft...

Raytheon Co. (RTN) said it has received a $2.4 billion Foreign Military Sales contract for new-production fire units of the combat-proven Patriot Air Missile Defense System for the State of Qatar. Qatar, a new Patriot customer, now brings the total number of global Patriot customers to 13, the company...

Semiconductor company Marvell Technology Group Ltd. (MRVL) announced today that its Board of Directors has appointed President and Co-Founder Weili Dai as a member of the Board of Directors, effective immediately. Dai will stand for re-election to the Board of Directors at Marvell's next annual general...

Sparton Corporation (SPA) announced that its wholly owned subsidiary, Sparton DeLeon Springs, LLC completed the acquisition of certain assets of Argotec, Inc. on December 8, 2014 in an all-cash transaction. The company noted that Argotec develops and manufactures sonar transducer products and components...

ChinaNet Online Holdings, Inc. (CNET) Monday said it has signed a long-term strategic partnership agreement with Taiwan-based MediaFun Creative Co. Under the terms of the agreement, ChinaNet will leverage its experience and advantages in the small and medium-sized enterprises, or SME in China to...

NewLink Genetics Corp. (NLNK) and Merck (MRK) said the Biomedical Advanced Research and Development Authority of the United States Department of Health and Human Services has awarded NewLink Genetics' wholly-owned subsidiary, BioProtection Systems, as the prime contractor in a $30 million contract to...