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Financial services giant JPMorgan Chase & Co. (JPM) is eliminating hundreds of technology support employees in its corporate and investment bank amid a revenue decline, Bloomberg reported citing people familiar with the matter. Workers in locations including New York, Tampa, Chicago and Dubai were...

ContraFect Corp. (CFRXU), a biotechnology company focused on protein and antibody therapeutic products for life-threatening infectious diseases, announced the pricing of its initial public offering of 6 million units priced at $6.00 per unit for total gross proceeds of $36 million. The offering was priced...

Ericsson (ERIC) announced Tuesday that it agreed to acquire US-based MetraTech Corp., a provider of metadata-based billing, commerce and settlement solutions uniquely adaptable to multiple business models and industries. The acquisition includes all 140 employees and contractors comprising a team of...

Direct Energy, a unit of Centrica Plc (CNA.L), Tuesday announced that it has acquired Astrum Solar, a full-service residential solar installer, for $54 million. The company noted that the acquisition of Astrum Solar launches its entry into the U.S. residential solar market and expands Direct Energy's...

Eltek Ltd. (ELTK) announced that Arieh Reichart shall step down as Chief Executive officer of the Company with immediate effect. Roberto Tulman, who has been serving as the Chief Technology Officer of the Company, shall assume the position of interim CEO. Tulman shall be supported by the Company's...

TCP Capital Corp. (TCPC) announced Tuesday that it has priced the public offering of 5.4 million shares of its common stock at $17.33 per share for total gross proceeds of about $93.6 million. The company has granted the underwriters an option for 30 days to purchase up to an additional 810,000 shares...

A. M. Castle & Co. (CAS), a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, reported that its second quarter 2014 net loss widened to $72.3 million or a loss of $3.10 per share from $3.8 million or $0.16 per share in the second quarter 2013....

GrafTech International Ltd. (GTI), a manufacturer of graphite and carbon material science-based solutions, Tuesday said second-quarter preliminary earnings were a net loss of $160 million, or $1.18 per share, compared to net income of $4.38 million or $0.03 per share in the same period of the prior year. The...

TF Financial Corp. (THRD) Tuesday reported second-quarter net income of $585 thousand or $0.19 per share down from $1.96 million or $0.64 per share last year. Excluding merger-related expenses, adjusted net income was $1.56 million or $0.50 per diluted share. Net interest income for the quarter...

Caterpillar Inc. (CAT) announced Tuesday that it has entered into definitive agreements with Société Générale to purchase a total of $2.5 billion of its common stock under accelerated stock repurchase transactions. In January of 2014, the company announced a similar $1.7 billion transaction, which was...

HCA Holdings, Inc. (HCA) Tuesday reported second-quarter net income attributable to the company of $483 million or $1.07 per share, up from $423 million or $0.91 per share in the prior year. The company said its recent-quarter results included losses on retirement of debt of $226 million, or $0.32...

Federal Signal Corporation (FSS) reported second-quarter income from continuing operations of $17.0 million, or $0.27 per share, compared to $117.8 million, or $1.87 per share, prior year. The company's prior year included a significant income tax benefit associated with the release of valuation allowance...

CommVault Systems Inc. (CVLT) said that net income for the first quarter of fiscal 2015 was $12.7 million, a decrease of $0.7 million compared to the same period of the prior year. Net income per common share was $0.27, unchanged from last year. Non-GAAP net income for the quarter increased to $20.9...

New York Times Co. (NYT) Tuesday reported a drop in second-quarter net earnings, amid higher investment spending and a decline in advertising revenues. For the three months to June, net earnings advanced to $9.19 million or $0.06 per share, from $20.13 million or $0.13 per share a year earlier. Excluding...

AK Steel Holding Corp. (AKS) reported a narrower net loss attributable to the company of $17.1 million, or $0.13 per share, for the second quarter of 2014, versus a loss of $40.4 million, or $0.30 per share, last year. Excluding the unrealized mark-to-market loss on commodity derivatives, the firm recorded...