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Media General Inc (MEG) and LIN Media LLC (LIN) Wednesday agreed to divest television stations in five markets to comply with regulatory rules as they seek approval for their merger. The two companies also amended their merger agreement. Media General said gross proceeds for all stations to be divested...

Meredith Corp. (MDP) said it has agreed to buy the broadcast assets of WALA-TV, the Fox affiliate in Mobile-Pensacola, from Media General, Inc. (MEG) for about $86 million subject to certain purchase price adjustments. The deal will close when Media General's merger with LIN Media LLC and the sale...

InterContinental Hotels Group Plc (IHG, IHG.L) Wednesday announced the appointment of Jolyon Bulley to the position of Americas Chief Operating Officer, or COO. He will be responsible for leading the operations for IHG's portfolio of more than 3,600 hotels, as well as further strengthening IHG's existing...

Raven Industries Inc. (RAVN) Wednesday said second-quarter net income slipped to $7.7 million, or $0.21 per share, from $8.3 million, or $0.23 per share last year. Sales grew to $94.5 million from $93.4 million in the prior-year second quarter. Sales rose 14 percent in the Engineered Films division,...

SandRidge Energy, Inc. (SD) announced the resignation of David Lawler, Executive Vice President and Chief Operating Officer. The company has promoted Craig Johnson, Senior Vice President of Development for Oklahoma, to Executive Vice President of Operations. Lawler will remain engaged in his current...

Macy's, Inc. (M) said Wednesday that it has reached resolution with the New York State Office of the Attorney General related to allegations of racial profiling in its stores in New York. It also has settled in principle various lawsuits related to these allegations. In addition, New York Attorney...

Eaton Vance Corp. (EV) reported that its third-quarter net income to shareholders increased to $77.94 million or $0.63 per share from $23.20 million or $0.18 per share, last year. Adjusted net income to shareholders was $77.88 million or $0.63 per share, for the quarter. On average, 13 analysts polled...

Fusion Telecommunications International, Inc. (FSNN) Wednesday reported second-quarter net loss applicable to stockholders of $2.91 million or $0.42 per share, compared to a net income of $1.59 million or $0.30 per share in the prior year. The company said the difference in result was largely attributable...

Asta Funding, Inc. (ASFI) Wednesday said third-quarter net income was $5.46 million or $0.41 per share for the three month period ended June 30, 2014, compared to a net loss of $2.74 million or $0.21 per share last year. The firm recorded forgiveness of debt of about $26.1 million in the just concluded...

Gramercy Property Trust Inc. (GPT), a real estate investment trust, Wednesday said it closed the acquisition of an approximately 187,000 square foot cold storage facility and dry warehouse located in Arlington Heights, Illinois. The facility was acquired all-cash for a purchase price of around $19.1...

Specialty apparel retailer American Eagle Outfitters, Inc. (AEO) Wednesday reported a drop in net earnings as well as revenues for the second quarter. Nevertheless, both earnings and revenues topped analysts' estimates. Revenue from new stores nearly offset a 7 percent decline in comparable sales,...

Fortune Brands Home & Security, Inc. (FBHS), a home and security products company, Wednesday said it would sell Simonton Windows to Ply Gem Holdings, Inc., (PGEM) a manufacturer of exterior building products in North America, for nearly $130 million. The sales is expected to lower Fortune Brands' second...

Discount-store operator Target Corp. (TGT) reported a plunge in second-quarter 2014 net earnings to $234 million, or $0.37 per share, from $611 million, or $0.95 per share, a year before. On an adjusted basis, earnings per share amounted to $0.78 during the recent quarter. On average, 25 analysts polled...

Institutional Financial Markets Inc. (IFMI) announced Wednesday that it agreed to sell its European operations to C&Co Europe Acquisition LLC, an entity controlled by Daniel Cohen, President and Chief Executive of IFMI's European operations and Vice Chairman of IFMI's Board of Directors, for approximately...

The AES Corp. (AES) announced it has entered into an agreement with SYND Holdco Limited, a joint venture of Greencoat UK Wind PLC and Swiss Life Funds (Luxembourg) Global Infrastructure Opportunities S.C.A. to sell 100% of its equity interests in four operating wind projects in the United Kingdom, totaling...