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Baxalta Inc. (BXLT), the drugmaker fending off a $30 billion takeover offer from Shire Plc (SHPG, SHP.L), has abandoned its pursuit of Ariad Pharmaceuticals Inc (ARIA) after negotiations broke down over price, Bloomberg reported citing people familiar with the matter. Talks between the companies ended...

News Corp. (NWSA, NWS) announced leadership changes at News UK, with the appointment of Rebekah Brooks as CEO, David Dinsmore as COO, and Tony Gallagher as Editor-in-Chief of The Sun, Britain's largest selling daily newspaper. Rebekah Brooks is returning to a post that she held four years ago, and...

Till Capital Ltd. Wednesday said that as a consequence of its increasing focus on its investment-driven reinsurance/insurance businesses, William Sheriff has resigned as Chairman and Chief Executive Officer of the company and from all of his board and executive positions with Till and all of its wholly-owned...

Southern Power, a subsidiary of Southern Co. (SO) announced the acquisition of a controlling interest in the company's largest solar asset - the 300-megawatt (MW) Desert Stateline Facility in California - from First Solar Inc. (FSLR), which will retain the remaining interest in the project. This project...

Diversified healthcare company Abbott Laboratories (ABT) announced that it has completed its acquisition of private medical device company Tendyne Holdings, Inc. The deal, which was agreed upon on July 30, expands Abbott's mitral valve therapies. Abbott acquired the equity of Tendyne that it did not...

Delta Air Lines Inc. (DAL, DALRQ.PK) reported that its total System traffic in August 2015 increased 3.9% from August 2014, on a total System capacity increase of 4.2%. The airline said its total system traffic for the month rose 3.9% to 20.82 billion revenue passenger miles or RPMs from 20.03 billion...

Trimble Navigation Ltd. (TRMB) Wednesday announced the acquisition of Norwegian Building Information Modeling company Vianova Systems AS. The financial terms of the deal were not revealed. Vianova Systems develops software for advanced Building Information Modeling technology for the civil engineering...

Ligand Pharmaceuticals Incorporated (LGND) announced the European Commission has approved Revolade (eltrombopag), a Novartis product, for the treatment of adults with severe aplastic anemia who were either refractory to prior immunosuppressive therapy or heavily pretreated and are unsuitable for hematopoietic...

Tupperware Brands Corp. (TUP) said that it is tracking towards the high-end of 4% to 6% growth in local currency sales outlook range for the third quarter. The company said it has seen the expected trend improvement in Indonesia, France and Italy, and strong growth in its businesses in Argentina,...

ION Geophysical Corp. (IO) announced an aggressive cost reduction initiative as part of an overall plan to align operating expenses with business conditions and recent declines in the current commodity price environment for crude oil and natural gas. The company said it believes this cost reduction...

Gilead Sciences, Inc. (GILD) said a Phase 3 study evaluating its investigational fixed-dose combination of emtricitabine and tenofovir alafenamide (200/10 mg and 200/25 mg) or F/TAF for the treatment of HIV-1 infection met its primary objective. The ongoing study was designed to explore the efficacy...

European oil giant Royal Dutch Shell plc (RDS-B, RDSB.L, RDSA.L, RDS-A) announced that its recommended combination with British oil and gas company BG Group plc (BG.L, BRGYY) has received unconditional merger clearance from the European Commission. Together with the previously announced pre-conditional...

AECOM (ACM) Wednesday announced that it has been awarded a prime contractor position on the Air Force Contract Augmentation Program or AFCAP IV from the United States Air Force. The indefinite-delivery/indefinite-quantity contract outlines the full range of base, life, operating and logistical support...

Tesaro Inc. (TSRO) announced that the U.S. Food and Drug Administration or FDA has approved VARUBI (rolapitant) in combination with other antiemetic agents in adults for the prevention of delayed nausea and vomiting associated with initial and repeat courses of emetogenic cancer chemotherapy, including,...

Valeant Pharmaceuticals International (VRX, VRX.TO) Wednesday said its affiliate has entered into a definitive agreement for Valeant to acquire Synergetics USA, Inc. (SURG) for $6.50 per share in cash. The transaction is expected to close in the fourth quarter of 2015. Synergetics stockholders will...

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