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General Electric Co (GE) is nearing deal to sell its industrial solutions unit to Swiss engineering firm ABB Ltd.(ANN.L, ABB) in a deal valued at $2.5 billion to $3 billion, the Bloomberg reported, citing people with knowledge of the matter. The companies are likely to announce an agreement by next...

French speed-train maker Alstom SA (AOMFF.PK, ALS.L) confirmed that it was in discussions with Siemens about a possible combination of Alstom with Siemens Mobility Division. "No final decision has been made, discussions are ongoing and no agreement has been reached," Alstom said in a statement Friday....

Conagra Brands, Inc. (CAG) announced a definitive agreement to acquire Angie's Artisan Treats, LLC, the maker of Angie's BOOMCHICKAPOP ready-to-eat popcorn, from TPG Growth. The Angie's BOOMCHICKAPOP brand features more than a dozen varieties of ready-to-eat popcorn and is available nationwide. It has...

CRH Medical Corp. (CRH.TO, CRHM) announced it has acquired a 51% interest in a gastroenterology anesthesia practice in Raleigh, North Carolina which provides anesthesia services to three ambulatory surgical centers in North Carolina. The company said its fifth acquisition in the current year brings it...

Phillips 66 Partners LP (PSXP) announced it has reached agreement with Phillips 66 (PSX) to acquire its 25 percent interest in each of Dakota Access, LLC and Energy Transfer Crude Oil Company, LLC (collectively, the Bakken Pipeline) and 100 percent interest in Merey Sweeny, L.P. (MSLP), the owner of...

CarMax, Inc. (KMX) reported that its second-quarter net earnings rose 11.7 percent to $181.42 million from $162.36 million in the year ago period, while earnings per share increased 16.7 percent to $0.98 from $0.84 per share last year. On average, 17 analysts polled by Thomson Reuters expected the...

Qualcomm Inc. (QCOM) announced Friday that its indirect unit Qualcomm River Holdings B.V. has extended the offering period of its previously announced cash tender offer to purchase all shares of NXP Semiconductors N.V. (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated...

Ferrellgas Partners, L.P. (FGP) announced the appointment of Doran Schwartz as CFO, effective October 16, 2017. Schwartz will succeed current CFO Al Heitmann. Heitmann will remain employed by the company as a special advisor from October 16, 2017 until his anticipated retirement date. Prior to joining...

Athletic footwear and apparel retailer Finish Line, Inc. (FINL) trimmed its outlook for fiscal 2018 after reporting weak earnings and comparable sales in its second quarter. For the third quarter, the company sees wider loss and weak comps. In pre-market activity on Nasdaq, shares were losing around...

The Procter & Gamble Company (PG) announced its Board has recommended shareholders to vote for all of the company's Directors at the annual meeting to be held on October 10, 2017. The company also issued a statement in response to the report issued by Glass Lewis & Co. regarding the election of directors....

Bristol-Myers Squibb Company (BMY) announced the Japanese Ministry of Health, Labor and Welfare has approved Opdivo (nivolumab) for the treatment of unresectable advanced or recurrent gastric cancer which has progressed after chemotherapy. Opdivo has now been approved for six indications in Japan. The...

French grocery retailer Carrefour Group (CRERF, CRRFY, 0NPH.L) announced Friday the appointment of a Group Executive Committee for improved management of the Group. Alexandre Bompard, Chairman and Chief Executive Officer of Carrefour, announced that the new management team comprises managers from...

Polaris Materials Corp. (PLS.TO), a developer and operator of construction aggregate quarries in Canada, announced Friday that it has received an unsolicited offer from a major US-listed construction materials company. The offer is to buy the company by way of a statutory plan of arrangement for cash...

AECOM (ACM), a premier, fully integrated global infrastructure firm, announced late Thursday a formalized capital allocation policy. This includes the authorization by the Board of Directors of a new $1 billion stock repurchase program. The capital allocation policy's key features include allocating...

Ultra Petroleum Corp. (UPL) confirmed that late Thursday, the bankruptcy court overseeing its earlier restructuring proceedings denied the company's objection to certain make-whole and post-petition interest claims that remained following its emergence from chapter 11. Michael Watford, President,...

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