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Novartis (NVS) announced that the European Commission has approved Signifor (pasireotide) as a new long acting release formulation for once monthly intramuscular injection to treat adult patients with acromegaly for whom surgery is not an option or has not been curative and who are inadequately controlled...

NXP Semiconductors N.V. (NXPI) Monday said it will buy wearable and bluetooth low energy IC business of Quintic. The transaction is expected to close during the first quarter of 2015. Financial terms of the deal were not revealed. Following the acquisition, Quintic's leadership is expected to join...

Gap brand and Zalando, online fashion web site in Europe, have announced a partnership that will see Gap open its own dedicated online shop within Zalando, Gap Inc. (GPS) said. The American retailer will offer a broad assortment of clothing and accessories for Gap Women, Gap Men, GapKids and babyGap,...

Aurobindo Pharma USA said that it has voluntarily recalled lot GESB14011-A of Gabapentin Capsules, USP 300 mg 100-count bottles to the consumer level. The product lot has been found to contain some empty capsules. Empty capsules could result in missed dose(s) of gabapentin resulting in adverse health...

Mining company BHP Billiton (BHP, BBL, BLT.L, BHP.AX) said it plans to further cut costs as it grapples with lower prices for coal and other commodities. BHP anticipates savings of $4 billion by June 2017, through cost cutting measures and increasing commodity volumes. Also the company intends...

CME Group Inc (CME), the diverse derivatives marketplace, on Sunday announced the launch of trading and clearing services for the Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures contract. Pending CFTC review, this new cash-settled futures contract will be listed on CME Globex and the NYMEX...

Jacobs Engineering Group Inc (JEC) Sunday announced the retirement of Craig Martin as President and Chief Executive Officer and a member of the Board of Directors, effective on December 26, 2014, the last day of Jacobs' first quarter of fiscal 2015. Martin elected to retire for health reasons. He...

CGN Power Co, the Chinese nuclear power plant operator, is planning to raise up to US$3.16 billion in an initial public offering in Hong Kong, the Wall Street Journal said Sunday. The company intends to offer 8.83 billion shares in a price range of HK$2.43 to HK$2.78 per share on Monday, the Journal...

Huhtamaki has agreed to sell its Films business segment to DBAG Fund VI, a fund advised by Deutsche Beteiligungs AG (DEUBF.PK), a German private equity company listed on the Frankfurt stock exchange. In July 2014, Huhtamaki said it had started to evaluate options relating to its Films business, as a...

Tutor Perini Corporation (TPC), a leading civil and building construction company, said that the Tutor Perini-lead joint venture or JV with partners Kiewit Corp. and Jay Cashman, Inc. has reached an $88.7 million settlement with the Commonwealth of on the Central Artery/Tunnel Project. The company...

American Tower Corp (AMT), a firm that owns and develops wireless and broadcast communications real estate, Friday reached an agreement with TIM Celular S.A. ("TIM"), a part of TIM Participações S.A., a publicly traded subsidiary of Telecom Italia S.p.A., to acquire two portfolios of towers in Brazil....

CBRE Group, Inc. (CBG) said FRiday that it is in talks with its lenders about potentially amending its existing credit agreement regarding its revolving credit facility and Tranche A term loan. The amendment would increase its revolving credit facility to up to $2.5 billion and refinance its existing...

PS Business Parks, Inc. (PSB) said Friday that it has completed the sale of three business parks located in Phoenix, Arizona. The parks consist of 42 buildings comprising about 656,000 square feet. Occupancy at the date of sale was 86.8%. Net proceeds from the sale, after transaction costs, were...

B/E Aerospace, Inc. (BEAV) said Friday that its subsidiary KLX Inc. has priced its offering of $1.2 billion aggregate principal amount 5.875% of senior notes due 2022 in preparation for the spin-off of KLX from B/E Aerospace. The Notes were priced at 100% of the aggregate principal amount. It...

Praxair, Inc. (PX) said Friday that it has priced €500 million of 1.625% notes due December 1, 2025. The offering is expected to close on December 1. The company anticipates using the proceeds of the offering for general corporate purposes, including repayment of debt and share repurchases under...