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Kia Motors America, a part of South Korean automaker Kia Motors Corp. (KIMTF.PK), is recalling 7,722 units of the Sportage SUV in the U.S. due to a defect in its braking lights. The company is recalling certain model year 2011 Sportage vehicles manufactured March 7, 2011, to June 8, 2011. The stop...

Whirlpool Corp. (WHR) said Friday that it has completed its acquisition of American Dryer Corp., a privately held company that manufactures and markets coin-operated, on-premise, industrial and specialty laundry equipment. The deal was originally announced in May. The acquisition gives Whirlpool's...

Axalta Coating Systems Ltd. (AXTA) said Friday that it has completed the acquisition of Metalak Benelux B.V. For more than 60 years, Metalak has been the exclusive distributor of Axalta's Spies Hecker refinish coating products sold in the Netherlands and in Flanders, Belgium. Formerly a privately...

Alfa Laval Group (ALFA.ST), engaged in heat transfer, centrifugal separation and fluid handling, has acquired an aftermarket company, specialized in separation technology. The company will remain a separate organization and offer its own parts and services under its own brand name. Revenues are...

Spanish lender Banco Santander SA (BNC.L, BSBR, SAN) announced Friday that it has reached an agreement to acquire the stake held by DDFS LLC in Santander Consumer USA Holdings Inc, representing 9.68 percent of the such company, for $928 million. Following this transaction, Santander's stake in SCUSA...

Health insurers Aetna (AET) and Humana Inc. (HUM) Friday said they have entered into a definitive agreement for Aetna to acquire all outstanding shares of Humana for a combination of cash and stock valued at $37 billion or $230 per Humana share based on the closing price of Aetna common shares on July...

Bombardier Inc. (BBD_B.TO, BBD_A.TO), a manufacturer of planes and trains, Friday said Bombardier Transportation has signed two contracts with Transport for London to build and maintain 45 four-car new electric multiple units. The first contract is a Manufacturing and Supply Agreement covering the...

Gilead Sciences, Inc. (GILD) Friday said the Japanese Ministry of Health, Labour and Welfare or MHLW has approved Harvoni (ledipasvir 90 mg/sofosbuvir 400 mg), the first once-daily single tablet regimen for the treatment of chronic hepatitis C genotype 1 infection in adults. Harvoni combines the...

India-based software exporter Infosys Technologies Ltd. (INFOSYSTCH, 500209, INFY) Friday announced that it has been selected as a strategic partner by Allied Irish Banks Plc. (ALBK.L, AIBYY.PK), a financial services group operating mainly in the Republic of Ireland and the UK. As part of the partnership,...

Euronext N.V. (ENXB.BE, ENX.BR, ENX.AS, ENX.PA) Friday said the average daily transaction value on the Euronext cash order book in June climbed 54.1 percent to 9.202 billion euros from last year's 5.971 billion euros. Activity on ETFs remained particularly dynamic with average daily transaction value...

French oilfield services provider Technip SA (TNHPF.PK, TKPPY.PK) Friday said Technip Samsung Consortium was awarded two contracts by Shell for the Browse floating liquefied natural gas or FLNG project in Australia, operated by Woodside. The Browse project covers the realization and installation of...

Southwest Airlines (LUV) said it has reached a tentative agreement with its Flight Attendants. Terms of the deal were not released, but the airline said they include wage increases, bonus opportunities, and work-rule adjustments. Southwest Airlines Flight Attendants, represented by Transport Workers...

Potash Corp. of Saskatchewan Inc. (POT.TO, POT) Friday acknowledged the statement issued by German potash maker K+S Aktiengesellschaft (SDFG), adding that it is confident that K+S concerns can be addressed through collaborative discussion. K+S Thursday said its Board of Executive Directors and the...

Aetna Inc. (AET) is nearing an agreement to acquire smaller rival Humana Inc.(HUM) for about $34 billion in cash and stock, reports said, citing people with knowledge of the matter. The companies have been in talks for two weeks and could announce a transaction as soon as this weekend, reports specified. Aetna...

Molycorp, Inc. (MCPIQ) said Thursday that it had received approval from the U.S. Bankruptcy Court on $22 million in interim debtor-in-possession financing provided by an affiliate of Oaktree Capital Management. The new funds will support operations going forward for an interim period while the company...

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