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Billionaire investor Carl Icahn slashed his stake in Offshore drilling company Transocean Ltd. (RIG) in order to recognize a capital loss for tax planning purposes, a filing with the Securities And Exchange Commission on Wednesday revealed. Icahn had accumulated 5.9 percent stake in Transocean in...

Agilent Technologies Inc. (A), a life sciences, diagnostics and applied chemical company, announced Thursday that it has signed a deal with Chinese diagnostics company Burning Rock. Under the agreement, Burning Rock will develop cancer diagnostics in China based on the Agilent SureSelect target enrichment...

Wal-Mart Stores Inc. (WMT) is in advanced discussions to invest as much as $1 billion into India's Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc. in e-commerce, according to reports citing people familiar with the matter. Wal-Mart would take a minority stake in Flipkart...

Harris Corp. (HRS) and Boeing (BA) announced they are collaborating to create advanced core mission processing architectures for current and future military aircraft to improve and protect aviators' missions. Harris will produce the collaborative design for this common processing hardware that, when...

Teva Pharmaceutical Industries Ltd., (TEVA) announced the launch of a generic equivalent of Epzicom or abacavir and lamivudine tablets, 600 mg/300 mg, in the United States. Abacavir and lamivudine tablets are indicated in combination with other antiretroviral agents for the treatment of HIV-1 infection....

State Street Corp. (STT) said that Eric Aboaf will join the company in December 2016 as executive vice president and a member of its Management Committee, the company's senior-most policy-making and strategy group. Aboaf, age 52, will succeed Mike Bell as chief financial officer in March 2017. Bell's...

Abbott (ABT) announced the U.S. FDA has approved the company's FreeStyle Libre Pro system, a continuous glucose monitoring system for healthcare professionals to use with their patients with diabetes. The system is designed to empower healthcare professionals to provide better diabetes management for...

Pfizer Inc. (PFE) announced the successful completion of its acquisition of Medivation, Inc.(MDVN). As of the tender offer expiration, 115.57 million shares of Medivation common stock were validly tendered, representing about 69.1% of the shares outstanding and have been accepted for payment under the...

The Supervisory Board of Deutsche Lufthansa AG (DLAKF, DLAKY) approved the exercising of a call option to acquire the remaining 55% of shares in SN Airholding, the parent company of Brussels Airlines. The companies expect to conduct the full acquisition after the final agreement on the modalities...

Actuant Corp. (ATU) announced it currently projects fiscal 2017 sales in the range of $1.075 - 1.125 billion, reflecting a core sales decline of 2-6%. EPS, excluding restructuring charges, is expected to be in the range of $1.00-1.20, reflecting lower sales and a higher effective tax rate, offset by...

Samsung Electronics Co., Ltd. and Hewlett Packard Enterprise (HPE) announced a partnership that will provide carriers with integrated network functions virtualization or NFV infrastructure and virtual network functions or VNF solutions. Samsung joins the HPE OpenNFV Partner Program as a carrier-grade...

Moody's Corp. (MCO) said that it raised its GAAP earnings per share outlook for the full year ending December 31, 2016. Full year 2016 GAAP earnings per share is currently expected to be in the range of $4.70 to $4.80, which now includes an anticipated non-cash foreign exchange gain of about $0.18...

BlackBerry Limited (BBRY, BB.TO), a global software leader in securing, connecting and mobilizing enterprises, announced the company remains on track to deliver 30 percent revenue growth in software and services for the full fiscal year. BlackBerry revised upward its non-GAAP EPS outlook to a range of...

BlackBerry Ltd. (BBRY, BB.TO) Wednesday announced the appointment of Steven Capelli as Chief Financial Officer, effective October 1. Capelli will succeed James Yersh, who is leaving for personal reasons. Most recently, Capelli was President of Worldwide Field Operations at Sybase and has 25 years...

Deutsche Bank AG (DB) denied newspaper reports that the bank asking Angela Merkel for support in talks with the U.S. over potential $14 billion fine for mis-selling of mortgage bonds a decade ago. John Cryan, CEO of Deutsche Bank told German newspaper Bild that Deutsche Bank did not expect to pay...

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