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Philip Morris International Inc. (PM) plans to sell over $1 billion worth of shares in its Indonesian operation, the Wall Street Journal reported citing people familiar with the matter. The report noted that Philip Morris has tapped investment banks including Goldman Sachs Group Inc., Credit Suisse...

JPMorgan Chase (JPM) announced that Stacey Friedman, General Counsel of the company's Corporate & Investment Bank, will succeed Steve Cutler as General Counsel of the firm early next year, when Cutler will be appointed Vice Chairman of the firm. Friedman will report to Cutler and act as his deputy...

OM Group Inc. (OMG) announced the expiration of the 35-day "go shop" period pursuant to the terms of the merger agreement dated May 31, 2015 among the Company and funds managed by affiliates of Apollo Global Management, LLC (APO) and a wholly-owned subsidiary of Platform Specialty Products (PAH). During...

American Apparel, Inc. (APP) announced a series of cost reduction initiatives, which will include closing underperforming retail locations. The company will also streamline its workforce. American Apparel said it will look to add new stores in profitable fast-growing territories while reducing its footprint...

Versartis Inc. (VSAR) said Monday that the US Food and Drug Administration (FDA) has removed the partial clinical hold on the Company's Investigational New Drug Application for VRS-317. With this action, the Company will proceed with the Phase 3 registration trial, VELOCITY, of VRS-317 in children with...

Celsion Corp. (CLSN) Monday announced a positive interim data from its ongoing Phase 2 DIGNITY Trial of ThermoDox in patients with recurrent chest wall breast cancer. The reported five complete responses, four partial responses and four stable disease, while local response rate in 13 patients were 69...

Zosano Pharma Corp. (ZSAN) announced that Novo Nordisk (NVO) has notified Zosano of its intention to discontinue the collaboration agreement related to development of a transdermal presentation of select NVO glucagon-like peptide-1 (GLP-1) analogues. Zosano has been notified that the decision relates...

ArQule Inc. (ARQL) announced interim data from an ongoing investigator-initiated Phase 2 clinical trial with tivantinib in combination with cetuximab in patients with MET-High, KRAS wild-type metastatic colorectal cancer or CRC NCT01892527 who recently progressed on anti-EGFR antibodies. The primary...

Materialise NV (MTLS) announced the appointment of Johan Albrecht as chief financial officer. Albrecht will join the company on July 7, 2015 and assume the role of CFO on August 12, 2015, replacing Frederick Merckx. Albrecht joins Materialise from BARC NV, where he served as CFO between 1989 and...

Alliance Resource Partners L.P. (ARLP) announced that it has reached agreement to acquire from White Oak Finance, Inc. and other parties all of the equity interests in White Oak Resources LLC or "White Oak" not currently owned by ARLP. Upon closing of the transaction, Alliance WOR Processing, LLC,...

LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) announced that LINN has signed a formal agreement with private capital investor GSO Capital Partners L.P., the credit platform of The Blackstone Group L.P. (BX), to fund oil and natural gas development. Funds managed by GSO and its affiliates have agreed...

Technology firm CGI Group Inc. (GIB-A.TO, GIB) announced that it has signed a five-year contract with Carrefour. The new agreement is an extension of a partnership that was formed in 2007. As per the contract, CGI will be responsible for the maintenance and development of more than 250 Carrefour...

Biopharmaceutical company Horizon Pharma plc (HZNP) announced it has filed patent infringement lawsuits in the U.S. District Court for the District of New Jersey related to Abbreviated New Drug Applications or ANDA filed with the U.S. Food and Drug Administration to market a generic version of Pennsaid...

IAMGOLD Corp. (IAG, IMG.TO) Monday said it is not expecting a material impact on its Essakane Mine due to a code revision by transitional assembly of Burkina Faso. The code is yet to be formalized into law. The company noted that the revision reduces regulatory uncertainty, creates an innovative...

LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) announced that LINN has signed definitive agreements with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and the development of acquired assets. Quantum has agreed to initially commit up to $1 billion...

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