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The European Commission told Ireland it believes the country gave illegal state aid to Technology giant Apple Inc. (AAPL) through special tax arrangements. The EC is reportedly looking at whether some countries, including Luxembourg and the Netherlands, unfairly favour multinationals. In a letter...

TravelCenters of America LLC (TA), an operator of fuel service areas, Tuesday reported a decline in its second-quarter profit, as a significantly larger tax provision eclipsed revenue growth. Profit also missed analysts' estimates. Net profit declined to $13.63 million or $0.36 per share from $15.98...

dELiA*s, Inc. (DLIA), an omni-channel retail company, Tuesday said as a response to the inquiries regarding a potential acquisition, the company's board has decided to evaluate strategic alternatives for a possible sale, merger or other form of business combination. The company said as a part of this...

Walgreen Co. (WAG) reported a fourth-quarter net loss attributable to company of $239 million, compared to profit of $657 million, previous year. Loss per share was $0.25 compared to profit of $0.69. The company noted that the current year's quarter was negatively impacted by an $866 million or 90 cents...

Sarepta Therapeutics Inc (SRPT), a developer of innovative RNA-based therapeutics, announced favorable safety results from the single ascending dose portion of a Phase I study of AVI-7100, the company's Influenza drug candidate. AVI-7100 uses Sarepta's advanced and proprietary PMOplus chemistry, which...

eBay Inc. (EBAY) Tuesday said Dan Schulman will become the new Chief Executive of PayPal, following its separation into an independent, publicly traded company in the second half of 2015. Schulman was also named President of PayPal, effective immediately. Schulman has nearly 30 years of senior leadership...

Moody's Corp. (MCO) said that it raised its full-year 2014 non-GAAP earnings per share guidance to a range of $3.95 - $4.05, from the prior estimate of $3.90 - $4.00 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $4.02 per share for fiscal 2014. Analysts' estimates...

Following a strategic review of its growth strategies and structure, eBay Inc.'s (EBAY) board has approved a plan to separate the company's eBay and PayPal businesses into independent publicly traded companies in 2015. Forming two standalone businesses best positions eBay and PayPal to capitalize...

Moody's Corp. (MCO) said it has agreed to acquire the remaining outstanding shares of Copal Amba, which was formed through the acquisitions of Copal Partners in 2011 and Amba Investment Services in 2013. Moody's is currently a majority owner of Copal Amba, which provides offshore research, analytics...

News Corp. (NWS, NWSA) has agreed to acquire Move, Inc. (MOVE), an online real estate business that brings consumers and Realtors together to facilitate the sale and rental of real estate in the U.S. REA Group Ltd., which is 61.6% owned by News Corp. and is the operator of the leading Australian residential...

CytRx Corp.(CYTR) Tuesday said it has begun its Phase 2b clinical trial evaluating aldoxorubicin compared to topotecan in patients with extensive-stage small cell lung cancer or SCLC, who have relapsed or were refractory to prior chemotherapy. Aldoxorubicin is the company's modified version of...

Vimicro International Corp. (VIMC), a video surveillance technology and solution provider in China, announced Tuesday that its joint venture, Shanxi Zhongtianxin Science and Technology Co. Ltd., has won a contract worth 76 million Chinese yuan or $12.4 million approximately. The contract is to provide...

Verona Pharma plc.(VRP.L) said that it has appointed Biresh Roy as Chief Financial Officer and member of the Board of Directors with immediate effect. He takes over from Richard Bungay whose appointment was part-time and a non-board role. Biresh Roy, aged 51, has a strong track record in executing...

Mitsui & Co., Ltd. (MITSF.PK, MITSY.PK) Tuesday announced an agreement with Mori Building Co., Ltd. to sell its entire shares in its associated company, Shanghai Senmao International Real Estate Co., Ltd. Mitsui has a 15 percent stake in Shanghai Senmao. This transfer is scheduled to be executed...

Powerflute Oyj (POWR.L), the paper and packaging group, has reached a conditional agreement with Stora Enso Oyj (SEOAY.PK) to acquire Corenso, an international cores and coreboard producer. The adjusted enterprise value for the acquisition on a cash and debt free basis is likely to be 81 million euros. The...