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Albany International Corp. (AIN) Chairman Emeritus SpencerStandish died on Thursday, September 22, at the age of 91. During his tenure at the Company, Mr. Standish carried his family's legacy through the twentieth and into the twenty-first century. That legacy began in 1921 when Mr. Standish's father,...

Goldman Sachs Group Inc. (GS) plans to cut about a quarter of its investment-banking jobs in Asia, excluding Japan, according to media reports, citing person with knowledge of the matter. The New York-based bank reportedly plans to make the cutback of about 75 jobs in the region later this year....

Office Depot, Inc. (ODP) announced that it intends to sell its European business to The AURELIUS Group. The transaction is expected to close by the end of 2016. The company said that the transaction is structured as an equity sale, for nominal consideration, with the buyer acquiring the European business...

General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards...

Exxon Mobil Corp. (XOM) is considering a sale of some of the oil fields it operates in Norway's North Sea in a deal that could fetch more than $1 billion, according to reports citing people familiar with the matter. Exxon isn't running a formal process, though it has had discussions with potential...

Randstad North America, Inc., a subsidiary of Randstad Holding nv, announced that its subsidiary, Merlin Global Acquisition, Inc., has extended its tender offer for any and all outstanding shares of common stock of Monster Worldwide, Inc. (MWW). In order to facilitate completion of the European Commission's...

Oshkosh Corp. (OSK), a manufacturer of specialty vehicles and vehicle bodies, said that it now believes it will deliver stronger than previously expected performance in the fiscal fourth quarter of 2016 as a result of expected higher deliveries of M-ATVs in the Company's defense segment, access equipment...

EnerNOC Inc. (ENOC), a provider of energy intelligence software or EIS and demand response solutions, said it is restructuring its subscription-based EIS business to refine its focus to select industry segments and high potential customers. This includes an immediate reduction of its global workforce...

Philip Morris International Inc. (PM) inaugurated its first manufacturing facility for large scale production of two heated tobacco alternatives to cigarettes. The initial annual production capacity of the factory will be approximately 30 billion units. Representing an anticipated investment of approximately...

UPS (UPS) said that it has begun testing the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations, working together with drone-maker CyPhy Works. Testing began on Thursday when the companies staged a mock delivery of urgently needed medicine from Beverly,...

Pfizer Inc. (PFE) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended has expired with respect to Pfizer's pending acquisition of Medivation, Inc. (MDVN). Pfizer now expects to complete the acquisition in the Third-Quarter 2016. The closing...

GlaxoSmithKline plc (GSK, GSK.L) said that a Biologics License Application or BLA has been submitted by Janssen Biotech, Inc., (JBI) to the U.S. Food and Drug Administration or FDA, seeking approval of a subcutaneous formulation of sirukumab. Sirukumab is a human anti-interleukin (IL)-6 monoclonal...

BASF (BFA.L, BASFY.PK) expects gross domestic product and chemical production in Asia Pacific to continue to outgrow other regions, despite the recent slowdown. BASF now estimates the compound annual growth rate (CAGR) for real chemical production through 2020 for Asia Pacific at around 5.6%, still well...

Building products company USG Corp. (USG) said that James Metcalf will retire as chairman of the board, president and chief executive officer, effective October 31, 2016. Metcalf has served as president and chief executive officer since January 2011 and as chairman since December 2011. Jennifer Scanlon,...

Finish Line, Inc. (FINL), a premium retailer of athletic shoes, apparel and accessories, reported Friday that second-quarter net income attributable to the company declined to $22.08 million from last year's $25.90 million. Earnings per share were $0.53, lower than $0.57 a year ago. On average, 19...

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