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Penns Woods Bancorp, Inc. (PWOD) reported net income for the first quarter of $3.5 million or $0.72 per share, compared to $3.7 million or $0.96 per share for the year-ago quarter. Operating earnings per share for the first quarter were $0.63, compared to $0.79 in the the same quarter last year. Net...

1st United Bancorp, Inc. (FUBC) reported net income for the first quarter of $2.7 million or $0.08 per share, compared t $1.6 million or $0.05 per share for the year-ago quarter. Net interest income for the first quarter rose to $18.7 million from $16.7 million a year ago. Provision for loan losses...

Citizens Holding Company (CIZN) reported net income for the first quarter of $1.8 million or $0.37 per share, compared to $1.4 million or $0.29 per share for the year-ago quarter. Net interest income for the first quarter of 2014, after the provision for loan losses for the quarter, was $6.86 million,...

Cubist Pharmaceuticals, Inc. (CBST) said Friday that it is voluntarily recalling one lot of Cubicin to the user level due to the presence of particulate matter, reported through customer complaint and identified as glass particles, found in a single vial from that lot, produced by a contract manufacturer. The...

Wholesale power generation company Calpine Corp. (CPN) said Friday that it has agreed to sell six power plants in its Southeast region to LS Power for $1.57 billion in cash, subject to working capital and other adjustments. The portfolio of assets comprises 3,498 MW of combined-cycle generation capacity...

Education loan provider SLM Corp. (SLM), commonly known as Sallie Mae, Friday said it has appointed Steven McGarry as executive vice president and chief financial officer of the future holding company of Sallie Mae Bank. The company noted that the appointment will take effect upon separation of consumer...

ARRIS (ARRS) announced it has acquired Mississauga, Ontario-based SeaWell Networks. The company said it is integrating SeaWell's adaptive bit rate streaming technologies and talent into its Network & Cloud business. The combined portfolio - of IP video, multiscreen, and ad insertion solutions - will...

ChinaEdu Corp. (CEDU) announced that its shareholders has voted in favor of the proposal to approve the previously announced Agreement and Plan of Merger dated December 31, 2013. The parties expect to complete the merger as soon as practicable, subject to the satisfaction or waiver of the merger conditions....

VimpelCom Ltd (VIP) and Global Telecom Holding S.A.E. (GLTD.L) announced the signing of a share purchase agreement for the sale by Global Telecom Holding of a 51% interest in Orascom Telecom Algerie SpA to the Fonds National d'Investissement, the Algerian National Investment Fund, for a purchase consideration...

The U.S. FDA announced it has approved Ragwitek, an allergen extract administered sublingually to treat short ragweed pollen induced allergic rhinitis, with or without conjunctivitis, in adults 18 years through 65 years of age. Ragwitek contains an extract from short ragweed (Ambrosia artemisiifolia)...

Actavis plc (ACT) said Thursday that it has entered into agreements with Akorn, Inc. and Hi-Tech Pharmacal Co. Inc. to purchase four currently marketed products and one product under development for cash consideration. The agreements include three products marketed under Abbreviated New Drug Applications...

First Financial Bankshares Inc (FFIN) Thursday reported first-quarter net earnings of $22.3 million or $.70 per share, compared with $18.6 million or $0.59 per share last year. On average, eight analysts polled by Thomson Reuters projected earnings of $0.66 per share for the quarter. Net interest...

Interactive Intelligence Group Inc. (ININ) said Thursday that it has entered into a letter of intent to acquire OrgSpan Inc., a privately held company that offers cloud-based enterprise social communications solutions. Subject to the negotiation of definitive documentation approval by the Interactive...

Unwired Planet, Inc. (UPIP) said Thursday it has completed its patent license and purchase deal with China's Lenovo Group Ltd., initially disclosed on March 20. The agreements called for $100 million upfront payment for both a pre-payment on the license and for the sale of 142 patents. Net proceeds...

Nutritional supplement maker Herbalife Ltd. (HLF), which has been accused of operating as a pyramid scheme by hedge fund manager William Ackman, revealed Thursday that it was being probed by llinois Attorney General's office. "We are confident in the integrity of our longstanding business and the...