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Santander Holdings USA Inc., a unit of Spanish lender Banco Santander SA (BNC.L, BSBR, SAN), Monday announced it has named Scott Powell as Chief Executive Officer, effective immediately. Powell has held a variety of roles at J.P. Morgan Chase & Co., including Head of Banking and Consumer Lending Operations,...

Celgene International Sàrl, a wholly owned subsidiary of Celgene Corp. (CELG), announced that the European Commission or EC has approved ABRAXANE (paclitaxel formulated as albumin-bound nanoparticles, or nab-paclitaxel) in combination with carboplatin for the first-line treatment of non-small cell lung...

Honeywell Aerospace (HON) and OneWeb Ltd. have signed a memorandum of understanding under which Honeywell will provide aircraft equipment and airtime services to bring the benefits of OneWeb's planned satellite constellation to business, commercial and military aircraft. OneWeb is building a constellation...

Public Service Enterprise Group (PEG) said that its five-year capital spending program of $13 billion is expected to yield a third year of sustained growth in operating earnings. The company reaffirmed its 2015 earnings guidance of $2.75-$2.95 per share, an increase from the 2014 operating earnings of...

Norfolk Southern Corp. (NSC) announced that it has named James Squires as chief executive officer or CEO. Squires will succeed Charles Moorman. The action by the company's board of directors is part of its planned succession process and will be effective June 1, 2015, Norfolk noted. The company...

Howard Hughes Corp. (HHC) reported fourth-quarter net income attributable to common stockholders of $31.93 million, or loss of $1.18 per share. This compares to net income attributable to common stockholders of $18.55 million or $0.44 per share in the year-ago period. The latest quarter's results...

MCG Capital Corp. (MCGC), a commercial finance company, Monday posted fourth-quarter net income of $2.1 million or $0.05 per share, compared to net loss of $18.4 million or $0.26 per share in the prior year period. Net operating income before net investment loss and income tax provision was $755 thousand...

Reliance Steel & Aluminum Co. (RS) announced its Board has approved an executive leadership succession plan. David Hannah has announced his intention to transition from his role as CEO effective May 20, 2015 following Reliance's Annual Meeting of Shareholders. Gregg Mollins, who currently serves as President...

Saputo Inc. (SAP.TO) announced that its Australian subsidiary, Warrnambool Cheese and Butter Factory Company Holdings Limited, or WCB, has entered into an agreement to acquire the everyday cheese business (EDC Business) of Lion-Dairy & Drinks Pty Ltd based in Victoria, Australia. The purchase price of...

DDR Corp. (DDR) announced that it has appointed Luke Petherbridge as its chief financial officer or CFO, effective immediately. Commenting on Petherbridge, the company said he joined DDR as senior vice president of capital markets in December 2011, and most recently held the role of executive vice...

Actavis plc (ACT) announced that the European Commission has granted its subsidiary Durata Therapeutics International B.V., marketing authorization for XYDALBA (dalbavancin) for the treatment of acute bacterial skin and skin structure infections (ABSSSI) in adults. XYDALBA is the first and only once-weekly...

Hewlett-Packard Company (HPQ) and Aruba Networks (ARUN) announced a definitive agreement for HP to acquire Aruba, a provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net...

Teva Pharmaceutical Industries Ltd. (TEVA) agreed to sell its Sellersville, Pennsylvania facility to G&W Laboratories, Inc., as part of its plans to streamline operations by reducing excess manufacturing capacity. It is also part of Teva's previously announced cost reduction program. The Sellersville...

PharMerica Corp. (PMC), a provider of institutional, specialty home infusion, hospital and oncology pharmacy services, Monday said fourth-quarter net income fell to $3.2 million from $4.4 million reported last year. Earnings per share declined to $0.10 from $0.15. Adjusted earnings per share totaled...

Shares of Visa Inc. (V) were gaining 2.4 percent or $6.5 at $277.80 in the pre-market trading Monday following the news that Visa will replace American Express as the credit card network for Costco in in the US and Puerto Rico. Click...

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