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Perfect World Co., Ltd. (PWRD), an online game developer and operator based in China, announced that it has agreed to sell a total of 30.33 million class A ordinary shares of Shanda Games Ltd. (GAME), being the entire equity interest that Perfect World previously acquired. Perfect World will sell...

IndoorAtlas, a provider of magnetic positioning technology for indoor location, announced that it has agreed to a $10 million investment from Chinese search engine Baidu (BIDU). IndoorAtlas also announced it is signing an exclusive agreement for the Chinese market with Baidu. The company said it will...

Utilities company Pacific Gas and Electric Co (PG&E) said Tuesday that a penalty being considered by the California Public Utilities Commission (CPUC) in connection with the 2010 explosion of a natural gas transmission pipeline in San Bruno should be reasonable and take into account precedent and the...

Shaw Communications Inc (SJR_B.TO, SJR) said Tuesday it has closed its acquisition of ViaWest Inc from Oak Hill Capital Partners and other shareholders for an enterprise value of $1.2 billion. "The ViaWest acquisition provides Shaw a growth platform in the attractive North American data centre sector...

Blyth Inc (BTH), a direct to consumer marketing company, Tuesday that it and the founders and certain other preferred stockholders of its ViSalus network marketing subsidiary have reached an agreement in principle whereby the founders and those other preferred stockholders will exchange their shares...

Royal Caribbean Cruises Ltd (RCL) said Tuesday it has agreed to sell its cruise ship Celebrity Century to Exquisite Marine Ltd, a holding company led by Ctrip.com International Ltd (CTRP). Royal Caribbean said the sale will result in a non-cash loss of about $20 million dollars, which would be be...

Aviat Networks Inc (AVNW) said Tuesday its net loss for the fourth quarter widened to $12 million or $0.20 per share from $5.8 million or $0.10 per share last year. Excluding items, adjusted loss for the quarter was $0.13 per share compared with earnings of $0.01 per share a year ago. Revenues...

Danaher Corp. (DHR) Tuesday said it has appointed Thomas Joyce, Jr. as President and Chief Executive Officer, effective September 9, implementing its leadership succession plan earlier than expected. The company in April had announced the retirement plans of Lawrence Culp, Jr. as president and chief...

Epizyme Inc (EPZM), a clinical stage biopharmaceutical company focusing on genetically defined cancers, said Tuesday its Chief Financial Officer Jason Rhodes would resign from the company, effective September 30. Rhodes will be joining a venture capital firm. The company has a search underway to...

Voya Financial Inc (VOYA) said Tuesday that ING Group entered into an agreement with a syndicate of underwriters to sell Voya Financial common stock in an underwritten public offering. Voya Financial will not be issuing or selling common stock, and will not receive any proceeds from the offering. In...

Investment banking firm Jefferies Group LLC, a part of diversified holding company Leucadia National Corp (LUK), said Tuesday it expects to report third-quarter net earnings of $82 million and revenue of $835 million. Results for the quarter mainly reflect investment banking revenue of $461 million,...

Flextronics International Ltd. (FLEX) Tuesday said its shareholders approved the purchase of up to 20 percent of its outstanding shares. The company's board authorized the management to purchase up to $500 million of shares. The company has purchased about $1.7 billion or 247 million of its shares...

Millennial Media (MM), Tuesday said it appointed Andrew Jeanneret as Chief Financial Officer. eanneret has served as the Company's Senior Vice President of Accounting and Chief Accounting Officer since 2011. He will continue to work out of the company's Baltimore-based headquarters and report directly...

Tetraphase Pharmaceuticals Inc. (TTPH) Tuesday said a late-stage study of eravacycline for the treatment of urinary tract infections showed better results compared to standard treatment. Shares of the company gained 7 percent in after-hours trade, following the news. The top-line results from IGNITE...

Guidewire Software Inc (GWRE), a provider of software for the insurance industry, Tuesday reported a better-than-expected increase in fourth-quarter profit, helped by a 22% increase in revenue. Following the results, the company's stock gained 10 percent in after-hours trade. CEO Marcus Ryu said the...