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Starwood Hotels & Resorts Worldwide Inc. (HOT) announced it has sold Sheraton on the Park in Sydney, Australia to Sunshine Insurance Group Corporation for AUS$463.0 million or US$399.0 million. Starwood will continue to operate the hotel as a Sheraton under a long-term management contract. Starwood...

Alibaba Group Holding Limited (BABA) announced the pricing of an offering of $8.0 billion aggregate principal amount of senior unsecured notes. The notes consist of $300 million floating rate notes due 2017 at an issue price per note of 100.000%; $1.00 billion 1.625% notes due 2017, at an issue price...

Boeing Co. (BA) said Thursday that Kuwait Airways has announced its intent to purchase 10 777-300ER (Extended Range) airplanes worth $3.3 billion at current list prices. "We appreciate the start of a new partnership with Kuwait Airways. Boeing looks forward to an enduring relationship with Kuwait...

Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) announced that its Board has authorized a new securities repurchase program. Under the Securities Repurchase Program, which will commence on November 21, 2014, the company may make purchases of up to US$2 billion of its senior notes, common shares...

Hertz Global Holdings, Inc. (HTZ) said that its has appointed John Tague as President and Chief Executive Officer and to the company's Board of Directors, effective November 21. Tague's appointment follows an extensive search conducted by the Hertz Board of Directors. The search process was overseen...

Renren Inc. (RENN) reported a net loss for the third quarter of US$38.1 million or US$0.11 per ADS, compared to a net loss of US$24.6 million or US0.07 per ADS for the year-ago quarter. Excluding items, adjusted net income for the third quarter was US$29.3 million, compared to an adjusted net loss...

Haynes International Inc (HAYN), a maker of high-performance alloys, Thursday reported fourth-quarter net earnings of $6.4 million or $0.51 per share compared with $4 million or $0.32 per share last year. Revenues for the quarter were $120 million compared with $115.7 million in the prior year. Analysts...

Auction house Sotheby's (BID) said Thursday its Chief Executive Officer William Ruprecht will step down by mutual agreement with the board. Ruprecht, who has served as CEO since 2000, will continue as chairman, president and CEO until his successor is in place to ensure a smooth transition, the company...

Nike, Inc. (NKE) said Thursday that its Board of Directors has declared a quarterly cash dividend of $0.28 per share on the company's outstanding Class A and Class B Common Stock. The $0.28 quarterly dividend, which is payable on January 5, 2015, to shareholders of record on December 15, 2014, represents...

Splunk Inc (SPLK) Thursday reported third-quarter net loss of $48.6 million or $0.40 per share compared with a loss of $16.6 million or $0.16 per share last year. Results for the quarter included stock-based compensation expense of $48 million compared with $4 million a year ago. Excluding items,...

Mentor Graphics Corp. (MENT) reported net income for the third quarter of $21.0 million or $0.18 per share, compared to $25.5 million or $0.20 per share for th year-ago quarter. Excluding items, adjusted net income for the third quarter was $39.9 million or $0.34 per share, compared to $37.3 million...

Blackstone (BX) said Thursday that funds affiliated with Blackstone Real Estate Partners Asia will make an investment in connection with an agreement to acquire GE Japan Corp's 100% owned residential real estate business for over ¥190 billion. The business owns and operates more than 200 residential...

Wesco Aircraft Holdings Inc (WAIR) Thursday reported fourth-quarter net earnings of $24.6 million or $0.25 per share compared with $30 million or $0.31 per share last year. Excluding items, adjusted earnings for the quarter were $0.30 per share compared with $0.33 per share a year ago. Analysts...

Yum! Brands Inc. (YUM) said Thursday that its Board of Directors has authorized the company to repurchase up to $1 billion in additional shares of common stock. The $1 billion in additional share repurchases of the Company's outstanding common stock is authorized through May 31, 2016. Year-to-date,...

The Fresh Market, Inc. (TFM) reported net income for the third quarter of $14.9 million or $0.31 per share, compared to $11.1 million or $0.23 per share for the year-ago quarter. Excluding adjustments to store closure and exit costs of $0.04 per share, adjusted earnings per share for the latest quarter...