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Shares of Zendesk Inc. (ZEN) declined in the extended session Friday after the software company announced the resignation of a pair of its executives. Zendesk shares declined 8.5% to $19.37 in the after hours trading In a Securities and Exchange Commission filing, the company said that Amanda Kleha...

President Barack Obama blocked the acquisition of the U.S. business of Aixtron by Grand Chip Investment GmbH (Grand Chip) and certain of its direct and indirect shareholders (together, the Purchasers), according to a statement Friday by the Treasury Department. The order directs the Purchasers and...

Electrolux Group (0MDT.L, 0GQ1.L, ELUXY.PK) said it has made a strategic decision to focus its North American Small Appliances business on its strongest categories, as part of a process to improve the global competitiveness of the business area. In line with this decision, Electrolux has agreed to divest...

GlaxoSmithKline plc (GSK, GSK.L) and Innoviva Inc. (INVA) announced the filing by GSK of a regulatory submission with the European Medicines Agency for once-daily, closed triple combination therapy fluticasone furoate/umeclidinium/vilanterol (FF/UMEC/VI 100/62.5/25 mcg) for patients with chronic obstructive...

Delta Air Lines (DAL) reported that its traffic in November 2016 increased 0.3% from November 2015, on a capacity decrease of 0.7%. The airline said its monthly total System traffic increased 0.3% to 15.61 billion revenue passenger miles or RPMs from 15.56 billion RPMs in the same period last year. The...

Sonoco (SON) said expects fourth quarter and full-year 2016 GAAP earnings to be $.95 to $1.04 and $2.73 to $2.82 per share, respectively, including a gain of approximately $0.47 per share from the previously announced sale of the Company's rigid plastics blow molding operations. Base earnings are expected...

CIT Group Inc. (CIT, CITGQ.PK) announced that Steven Mnuchin has resigned from its Board, effective immediately. His resignation follows President-elect Donald Trump's announced intention to nominate Mnuchin as the next Secretary of the Treasury. CIT Group is a financial holding company with more...

Amazon Web Services Inc. or AWS, an Amazon.com company (AMZN), and Salesforce ( CRM) expanded their global strategic alliance. The companies announced they will deliver five service integrations designed to simplify and expand how customers capture, analyze and take action on their data. Additionally,...

Alaska Air Group Inc. (ALK) reported, on a combined basis, Air Group reported a 7.0 percent increase in traffic on a 2.8 percent increase in capacity compared to November 2015. Load factor increased 3.4 points to 85.1 percent. Alaska Airlines reported a 6.3 percent increase in traffic on a 1.7 percent...

McDonald's Corp. (MCD) said it has selected Lionhorn Pte. Ltd. as the Developmental Licensee or DL for its Malaysia and Singapore markets. Lionhorn is led by Sheik Fahd and Abdulrahman Alireza, who bring 20 years of experience as the DL for the nearly 100 McDonald's restaurants in the Western and Southern...

BNY Mellon announced that its Board of Directors has elected Linda Z. Cook and Jennifer B. Morgan as independent directors, effective December 1, 2016. With the addition of Cook and Morgan, BNY Mellon's Board will have 14 directors, 13 of whom are independent. Cook and Morgan will also be included...

Boston Scientific Corp. (BSX) agreed to acquire certain manufacturing assets and capabilities of the Neovasc Inc., (NVCN, NVC.TO) advanced biological tissue business, as well as a 15% equity stake in Neovasc, for a total of $75 million in cash. The Neovasc advanced biological tissue business makes...

Allergan Inc. (AGN) announced the company, along with Qualicaps, have reached a settlement regarding their litigation with Zydus Pharma and Cadila Healthcare on a patent in connection with Allergan's DELZICOL. The '180 patent related to DELZICOL will expire on April 13, 2020. The company has not disclosed...

Teleflex Inc. (TFX) and Vascular Solutions Inc. (VASC) announced that they have entered into a definitive agreement by which Teleflex will acquire Vascular Solutions in a transaction valued at approximately $1.0 billion. As per the terms of the agreement, Teleflex will acquire all of the issued and...

PICO Holdings, Inc. (PICO) announced it has taken a number of actions designed to further enhance its corporate governance practices. The company has agreed to terminate the Settlement Agreement dated March 18, 2016 with Central Square Management LLC. Each PICO Director whose term was not scheduled to...

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