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Brocade (BRCD) announced that it plans to acquire Connectem, a privately-held company in the LTE virtual Evolved Packet Core or vEPC market, in an all-cash transaction. Terms of the acquisition are not being disclosed, and it is expected to close in Brocade's second quarter of fiscal 2015, subject...

Nokia (NOK) outlined its strategy for seizing the opportunities of a programmable world, and rounded off its launch line-up for Mobile World Congress (MWC) by unveiling the innovative predictive marketing solution, which lets operators tap growing amounts of data to offer smarter services, boost revenues...

Santander Holdings USA Inc. has appointed a new chief executive officer as the unit of the Spanish banking giant works to shore up relationships with U.S. regulators, the Wall Street Journal reported citing people close to the firm. The Boston-based unit of Spanish lender Banco Santander SA (BNC.L,...

NXP Semiconductors N.V. (NXPI) and Freescale Semiconductor Ltd (FSL) on Sunday said they entered into a definitive agreement under which NXP will merge with Freescale in a deal which values the combined enterprise at just over $40 billion. The deal is expected to be accretive to NXP non-GAAP earnings...

Science Applications International Corp (SAIC), a provider of technical, engineering and enterprise IT solutions, on Sunday said it agreed to buy smaller rival Scitor Corp from private equity firm Leonard Green & Partners for $790 million in cash. SAIC expects the deal to be EPS accretive in the...

Amgen (AMGN) and its subsidiary Onyx Pharmaceuticals on Sunday announced the results from a planned interim analysis showing that the Phase 3 head-to-head clinical trial ENDEAVOR evaluating Kyprolis (carfilzomib) for Injection in combination with low-dose dexamethasone versus Velcade (bortezomib) and...

HTC Corp on Sunday announced plans to bring mass-market virtual reality one step closer. The Taiwanese smartphone maker said that through a strategic partnership with game developer Valve Corp, the company seeks to transform the way in which consumers interact with technology and the world around...

Opko Health Inc (OPK), a biopharmaceutical and diagnostics company, on Friday reported fourth-quarter net loss of $53 million or $0.12 per share compared with a loss of $16.8 million or $0.04 per share last year. The company's revenues for the quarter were hihger at $25.5 million compared with $20.7...

Oilfield equipment maker Dresser-Rand Group Inc. (DRC) reported net income for the fourth quarter of $46.2 million or $0.60 per share, compared to $32.8 million or $0.43 per share for the year-ago quarter. Excluding items, adjusted net income for the latest quarter was $116.9 million or $1.52 per...

Intrexon Corp (XON), a company focused on synthetic biology, on Friday said it agreed to buy Canada-based Okanagan Specialty Fruits. Intrexon said that pursuant to the definitive agreement, Okanagan's stockholders will receive $31 million in Intrexon common stock and $10 million in upfront cash....

French media and music company Vivendi SA (VIVEF.PK) on Friday said its net income to shareholders in fiscal 2014 surged to 4.74 billion euros or 3.5 euros per share from 1.97 billion euros or 1.47 euros per share last year. Results reflect gains on the divestitures of SFR totaling 2.4 billion euros,...

Valero Energy Partners LP (VLP) today announced that the board of directors of its general partner has approved the Partnership's acquisition of certain businesses from subsidiaries of Valero Energy Corp. (VLO). In the deal, Valero Energy Partners will receive the outstanding membership interests...

Visa Inc. (V) said Friday that it has agreed to buy TrialPay, a privately held company with an offers platform that connects merchants with millions of consumers through targeted promotions. Financial terms of the deal were not disclosed. Headquartered in Mountain View, California, TrialPay has...

Stoneridge, Inc. (SRI) reported a fourth-quarter net loss of $26.55 million or $0.99 per share, compared to net income of $0.20 million or $0.01 per share in the prior-year quarter. Loss from continuing operations was $24.86 million or $0.92 per share, compared to income of $3.49 million or $0.12...

Allergan Inc. (AGN) announced that it has received approval from the U.S. Food and Drug Administration or FDA to market Natrelle Inspira round gel-filled smooth breast implants. The Natrelle Inspira line is different from other available breast implant styles as it has a higher fill ratio that provides...

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