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ACE Group (ACE) announced the appointment of Peter van Ratingen as its new Country President for its general insurance operation in the Philippines. van Ratingen succeeds Daniel Daly, who will retire on July 31. In his role as Country President, van Ratingen will oversee the operations and business...

Health insurers Humana Inc. (HUM) and Aetna Inc. (AET) set termination fees to be paid in the event of a failure of their merger agreement. Humana disclosed in a regulatory filing that the merger agreement provides that upon the termination of the agreement under specified circumstances, including...

Security software maker Symantec Corp (SYMC) is nearing a deal to sell its Veritas data-storage business to Carlyle Group LP (CG) for $7 billion to $8 billion, Bloomberg reported citing people with knowledge of the matter. Symantec, which has been shopping the unit for several months, is still negotiating...

JPMorgan Chase & Co. (JPM) is looking to move 2,150 jobs from New York City to Jersey City, the Wall Street Journal reported. The New Jersey Economic Development Authority on Thursday is expected to consider an application by the New York City-based bank for a $19 million subsidy over 10 years, the...

Alibaba Group Holding Limited (BABA) announced it has invested in Mei.com, China's leading flash sales platform for luxury and fashion products. The cooperation will enhance Mei.com's supply chain services of the sales of limited time discounted quality products from well-known international luxury and...

Genticel announced that the independent Data Safety Monitoring Board (DSMB) recommended the continuation, per protocol, of its phase 2 clinical trial of GTL001 (known in Europe as ProCervix) in patients infected with HPV 16 and/or 18, the two HPV types responsible for 70% of cervical cancer cases. Half...

Oracle Corp. (ORCL) said a federal judge confirmed on July 1, 2015 that Oracle's lawsuit against Rimini Street and its founder and CEO Seth Ravin will go to trial this September. In 2010 Oracle sued Rimini and Ravin alleging copyright infringement, computer fraud and related business torts. In February...

Novartis (NVS) said Tuesday that the US Food and Drug Administration or FDA has approved Entresto (sacubitril/valsartan) tablets, previously known as LCZ696, for the treatment of heart failure with reduced ejection fraction. The company noted that Entresto will be available on prescription for patients...

Singapore Post Limited or "SingPost and Alibaba Group Holding Limited (BABA) announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. Alibaba said it will invest up to approximately S$92 million or US$67.85 million in QSI for a 34 percent...

Advanced Semiconductor Engineering Inc (ASX) on Tuesday reported second-quarter revenues of $2.28 billion, an increase of 17 percent from $1.95 billion last year. In the month of June alone, its revenues increased 24.4 percent from last year to $808 million, the company said.

Energy Transfer Equity L.P. (ETE), in response to inquiries from stockholders, on Tuesday said that despite recent turmoil in the world energy and financial markets, it is confirming its acquiring all of the outstanding common stock of The Williams Cos Inc (WMB) at a fixed exchange ratio of 0.9358 ETE...

Eldorado Resorts Inc (ERI) on Tuesday agreed to buy MGM Resorts International (MGM)'s 50 percent interest in the Silver Legacy Resort Casino Reno, as well as all of the assets of Circus Circus Reno, for total consideration of $72.5 million cash, subject to a working capital adjustment. In addition,...

Unmanned aircraft systems maker AeroVironment Inc (AVAV) on Tuesday said it has appointed Raymond Cook as senior vice president and chief financial officer, effective immediately. Cook succeeds Teresa Covington, who has served as interim CFO since February. Teresa will remain vice president, Finance....

BB&T Corp (BBT) on Tuesday said it received regulatory approval from the Federal Reserve, the FDIC and all required state regulators to acquire Susquehanna Bancshares Inc (SUSQ). The transaction is expected to close effective August 1, 2015, and systems conversion is expected during the fourth quarter...

The Container Store Group Inc (TCS), a retailer of storage and organization products, on Tuesday reported first-quarter net loss of $5.2 million or $0.11 per share compared with a loss of $3.6 million or $0.07 per share last year. Revenues for the quarter were $169.8 million compared with $173.4 million...

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