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Spherix Inc. (SPEX) said that on May 1, 2015, it filed an action against both Verizon and Cisco Systems, Inc. in the U.S. District Court for the Eastern District of Virginia, alleging that Verizon and Cisco infringe eight Standard-Essential Patents owned by Spherix. Standard-Essential Patents cover...

PartnerRe Ltd. (PRE) announced its Board has rejected the unsolicited proposal by EXOR S.p.A. to acquire PartnerRe at a price of $130 per share. The company said, despite numerous attempts by its Board to negotiate on price, EXOR stated that $130 per share was its best and only offer. PartnerRe also...

Boardwalk Pipeline Partners, LP (BWP) reported that net income attributable to controlling interests for the first quarter ended March 31, 2015 was $77.7 million, a 29% decrease from $110.2 million in the comparable 2014 period. Net income per unit declined to $0.31 from $0.44 last year. Total Operating...

CNA Financial Corp. (CNA) reported that its first-quarter net income surged to $233 million, or $0.86 per share, from $13 million, or $0.05 per share in the comparable quarter last year. Net operating income amounted to $225 million or $0.83 per share, up from $190 million or $0.70 per share in the...

Diamond Offshore Drilling Inc. (DO) reported a net loss of $256 million, or $1.86 per share, in the first quarter of 2015, compared to net income of $146 million, or $1.05 per share, prior year. The company noted that its results for the quarter included a non-cash charge of $319 million after tax, or...

Westlake Chemical Corp. (WLK) Monday said its first-quarter net income was $146.3 million, or $1.10 per share, compared to $158.0 million, or $1.18 per share in the prior year. On average, 10 analysts polled by Thomson Reuters expected earnings of $1.20 per share for the quarter. Analysts' estimates...

Cognizant Technology Solutions Corp. (CTSH) Monday announced an increase in first quarter earnings to $382.9 million or $0.62 per share, up from $348.9 million or $0.57 per share last year. On an adjusted basis, earnings were $0.71, up from $0.62 in the year-ago period. On average, 24 analysts polled...

Loews Corporation (L) reported first-quarter income from continuing operations of $109 million, or $0.29 per share, compared to $265 million, or $0.68 per share, in the 2014 first quarter. The company said its income from continuing operations decreased primarily due to lower earnings at Diamond Offshore...

Cable television giant Comcast Corp. (CMCSA, CMCSK) posted first-quarter 2015 net income attributable to the company of $2.1 billion, or $0.81 per share, compared to last year's $1.9 billion, or $0.71 per share. Excluding gains on the sale of a business and transaction-related costs in the first quarter...

Allen Systems Group, Inc., or ASG announced the formal completion of its financial restructuring and has emerged from Chapter 11 as a stronger company, well-positioned to deliver exceptional value to its customers. ASG exits the restructuring process with a significantly reduced debt load, healthy...

Mylan N.V. (MYL) Monday announced that its subsidiary, Mylan Pharmaceuticals Private Limited, has launched Gilead Sciences' Sovaldi or sofosbuvir 400mg tablets in India. Sovaldi is indicated for as a combination antiviral treatment of chronic hepatitis C infection. Mylan noted that approximately...

Boeing Co. (BA) Monday said it finalized an order for additional 777-300 Extended Range airplanes, valued at $990 million at current list prices with the Lufthansa Group and Swiss International Air Lines. Earlier, Swiss International has ordered for six 777 -300 Ers, one of the most fuel efficient and...

SouthGobi Resources Ltd. (SGQ.TO) said it has been notified of the expiry of the sale and purchase agreement between Turquoise Hill Resources Ltd. and National United Resources Holdings Limited or NUR which provided for the sale of 56.1 million common shares in the company. The company has been advised...

Pihlajalinna Oy, a private social and healthcare services provider in Finland, said it is planning an Initial Public Offering on the official list of NASDAQ OMX Helsinki Ltd. The purpose of the contemplated IPO is to support the successful implementation of the company's growth strategy. In addition,...

Rolta India Limited (RTI.L), a provider of innovative IT solutions for many vertical segments, Monday announced the signing of definitive agreements for establishing a joint venture with Meprolight, a leading international electro-optics company. The JV will be 51 percent owned by Rolta and 49 percent...

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