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Marsh & McLennan Agency LLC, a part of insurance broker and risk manager Marsh & McLennan Cos Inc (MMC), on Wednesday said it acquired St. Louis, Missouri-based J.W. Terrill, an independent agency in the Midwest. The financial terms of the deal were not disclosed. Marsh & McLennan Agency said the...

Level 3 Communications Inc (LVLT) on Wednesday said it acquired privately held Black Lotus, a provider of Distributed Denial of Service ("DDoS") mitigation services. The company said it acquired the outstanding equity of Black Lotus in an all-cash transaction. Terms of the transaction were not disclosed. Level...

Shares of TopBuild Corp. (BLD) began "regular-way" trading on the New York Stock Exchange Wednesday following completion of its spin-off from Masco Corp. (MAS) into an independent, publicly-traded company. TopBuild is comprised of the former Masco Contractor Services business, now called TruTeam,...

Masco Corp (MAS), the maker of branded building products, on Wednesday said it has completed the tax-free spin-off of TopBuild Corp (BLD). The spin-off was achieved through the distribution to Masco shareholders of one share of TopBuild common stock for every nine shares of Masco stock held at the...

CNinsure Inc (CISG), a Chinese online-to-offline financial services provider, on Wednesday said that Shaanxi J&R Firefighting Inc, a maker of fire protection equipment in China, has entered into a share purchase agreement with Kingsford Resources Ltd, a company owned by members of CNinsure's management,...

Gambling software company Playtech Plc (PTEC.L) on Wednesday said its subsidiary, TradeFX Ltd, has agreed to acquire the entire issued share capital of Ava Trade, an online B2C CFD broker over which TradeFX had secured an option to purchase prior to the acquisition of TradeFX by the Playtech Group. The...

Bassett Furniture Industries Inc (BSET) on Wednesday reported second-quarter net earnings of $4.5 million or $0.42 per share compared with $2.6 million or $0.24 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.30 per share for the quarter. Analysts' estimates typically...

Audi of America Inc., a unit of AUDI AG (AUDVF.PK), reported that its June 2015 sales increased 8.3% to 18,262 vehicles, a total that stands as the third-best monthly result ever in the U.S. market. The previous June record was set in 2014 with 16,867 Audi vehicles sold. Audi also achieved its...

Ford Motor Co. (F) said strong consumer demand for its newest products pushed its U.S. June sales 2% higher, to 225,647 vehicles sold, compared to 222,064 vehicles sold in the same month last year. Car sales for the month declined 4.0% year-over-year to 77,948 units from 81,198 units and truck sales...

Nissan Group (NSANF.PK, NSANY.PK) reported that total U.S. sales for the month of June 2015 rose 13.3 percent to 124,228 units, from 109,643 last year. Total car sales for the month increased 3.3% to 71,557 units, while total truck sales jumped 30.5% to 52,671 units over a year earlier. Sales at...

General Motors Co. (GM, GMM.TO) reported that Chevrolet, Buick, GMC and Cadillac dealers in the United States delivered 259,353 vehicles in June 2015, down 3 percent from last year. Retail deliveries climbed 6.8 percent year over year to 206,814 vehicles, the best June for retail deliveries since 2007...

Harris Corp. (HRS) announced that it will reorganize its business segments to increase operational efficiency and capture synergies that result from Harris' recent acquisition of Exelis. Effective the beginning of fiscal 2016, July 4, the company will be organized in the four business segments. Communication...

Kraft Foods Group, Inc. (KRFT) announced that its shareholders voted to approve the merger agreement providing for the creation of The Kraft Heinz Company. The company reported that, in a preliminary count of the voting results, more than 98 percent of votes cast at the special meeting voted in favor...

Patterson Companies, Inc. (PDCO) announced a definitive agreement to sell its medical business to Madison Dearborn Partners or MDP, a private equity firm based in Chicago, for gross proceeds of $715 million in cash. The sale is expected to close in the fiscal second quarter, following the satisfaction...

Biopharmaceutical company Exelixis (EXEL) Wednesday said its partner Genentech informed that, in order to accommodate its review of a supplemental data submission, the U.S. Food and Drug Administration has extended the Prescription Drug User Fee Act action date for its review of Genentech's New Drug...

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