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SINA Corp. (SINA), online media company serving China and the global Chinese communities, said that its board has authorized and approved the Company's distribution of shares of Weibo Corp. to the Company's shareholders on a pro rata basis. SINA is a controlling shareholder of Weibo. Weibo's ADSs...

RAIT Financial Trust (RAS) said that it has entered into a cooperation agreement with Highland Capital Management L.P. and its affiliates, which, in the aggregate, beneficially own about 5.9% of RAIT's outstanding common shares. As per the terms of the cooperation agreement, RAIT has agreed that,...

Newell Brands Inc. (NWL) said it has signed a definitive agreement to sell its Winter Sports businesses, inclusive of Völkl, K2, Marker, Dalbello, Madshus, Line, Full Tilt, Atlas, Tubbs, Ride and BCA to Kohlberg & Company, L.L.C., a private equity firm specializing in middle-market investing. The...

Total SA (TTA.L, TTFNF.PK, TOT) said that its shareholders adopted all resolutions recommended by the Board of Directors. At the Annual Shareholders' Meeting, the shareholders approved 2016 financial statements and payment of a 2016 dividend of 2.45 euros per share, an increase compared to 2015. They...

BlackBerry Limited (BBRY, BB.TO) said Friday that it has reached an agreement with Qualcomm Inc. (QCOM) resolving all amounts payable in connection with the interim arbitration decision announced on April 12, 2017. Following a joint stipulation by the parties, the arbitration panel has issued a final...

Coach Inc. (COH) said that its wholly owned direct subsidiary, Chelsea Merger Sub Inc., has commenced a tender offer for all of the outstanding shares of common stock, par value $1.00 per share, of Kate Spade & Company (KATE) at a price of $18.50 per share, net to the seller in cash, without interest...

Tuniu Corp. (TOUR), a china-based online leisure travel company, reported Friday that its first-half net loss attributable to ordinary shareholders was 288.2 million yuan or $41.9 million, narrower than last year's loss of 535.8 million yuan. Adjusted attributable net loss was 227.1 million yuan or...

Big Lots Inc. (BIG) Friday announced an increase in first quarter net income to $51.512 million from $38.66 million last year. Earnings per share climbed to $1.15 from $0.79 in the prior year. On an adjusted basis earnings per share were $0.82. Net sales declined to $1.296 billion from $1.312 billion...

United Internet AG (UDIRF.PK) Friday said it published the offer document for public tender offer to the shareholders of Drillisch as part of the acquisition of 1&1 Telecommunication SE by Drillisch. Earlier, the Federal Financial Supervisory Authority has approved the publication of the offer document....

Spirax-Sarco Engineering Plc. (SPX.L) announced Friday that it has signed an agreement to acquire Chromalox, Inc. from Irving Place Capital for a cash-free, debt-free consideration of $415 million or 319 million pounds. Chromalox is a USA based provider of electrical products, systems and solutions...

Changzhou Xinbei District Commission of CCP announced late Thursday that AAC Technologies Holdings (AACAY.PK, AACAF.PK) agreed to invest $500 million in setting up an optical lens factory in Changzhou Comprehensive Bonded Zone. The company formally inked an agreement on May 16 that calls for an investment...

Soupman, Inc. (SOUP), makers of gourmet soup made famous on "Seinfeld", announced late Thursday that it has hired Michael Wyse as its Chief Restructuring Officer and Interim Chief Financial Officer, effective immediately. Wyse is the Managing Partner of Wyse Advisors LLC, with more than 19 years of...

Ford Motor Company (F) announced Raj Nair is named executive vice president and president, North America, succeeding Joe Hinrichs. Nair previously served as executive vice president, Product Development, and chief technical officer, leading the company's global Product Development operations. Dave...

AMSC (AMSC) announced the company's net loss for the first quarter of fiscal 2017 is expected to be less than $18.0 million, or $1.05 per share. Non-GAAP net loss is expected to be less than $17.5 million, or $1.02 per share. For the first quarter, AMSC currently expects revenues will be in the range...

Merck (MRK) announced it has entered into an exclusive worldwide license agreement with Teijin Pharma for the development, manufacture and commercialization of an investigational preclinical antibody candidate targeting the protein tau. Changes in tauare associated with a number of diseases affecting...

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