The National Transportation Safety Board said Saturday that at approximately 2:30 AM CDT a Union Pacific freight train and a BNSF freight train collided in Scott City, Missouri under a highway overpass causing them to derail and partially collapse the overpass. A post-crash fire was reported.
Reports...
MasterCard Inc. (MA) and its rival Visa Inc. (V) sued trade groups and retailers that rejected a $7.25 billion settlement over transaction fees for using credit and debit cards. The companies asked a court to rule that their fee practices were not illegal, a ruling that could limit the type of lawsuits...
Fresenius Kabi USA announced it has initiated a voluntary recall of one lot - Lot 6103882 - of Magnesium Sulfate Injection, USP due to the potential presence of glass particles in the vials.
According to the company, no adverse events, patient reactions or customer complaints have been reported to...
Google Inc. (GOOG) is working on building up wireless networks in sub-Saharan Africa, Southeast Asia, connecting more than one billion people to the Internet, the Wall Street Journal reported.
The company is planning to team up with local communications companies and equipment providers to develop...
Pittsburgh Corning Corp., a manufacturer of sustainable, high performance glass products for the building, energy and industrial markets, announced that its Modified Third Amended Plan of Reorganization was confirmed by the U.S. Bankruptcy Court for the Western District of Pennsylvania, effective late...
MARS, commercial and residential HVAC/R motors and components supplier, announced that it has made a strategic acquisition of Heat Controller, Inc., commercial and residential HVAC equipment supplier.
Founded in 1946, Motors and Armatures (d.b.a. MARS) is a family-owned and operated supplier of quality...
Las Vegas Sands Corp. (LVS) disclosed that it has approved the appointment of Deloitte & Touche LLP to serve as its independent registered public accounting firm for the fiscal year ending December 31, 2013.
In addition, the company's subsidiary Sands China Ltd. has resolved to engage Deloitte Touche...
Global eye health company, Bausch & Lomb Friday said that its subsidiary ISTA Pharmaceuticals, Inc.,(ISTA) has agreed to pay about $34 million to resolve charges against it for introducing its anti-inflammatory Xibrom for unauthorized uses in an aim to expand sales. Bausch & Lomb which was aware of the...
Matrix Asset Management Inc. (MTA.TO), an asset management holding company, said that the previously announced share exchange terms of its proposed business combination with Marquest Asset Management Inc., has now been revised.
According to the revised transaction, Marquest will purchase certain...
Business software maker SAP AG (SAP) has ended talks to acquire Jive Software Inc. (JIVE), the Bloomberg News reported Friday, citing people familiar with the matter.
SAP held discussions within recent weeks to acquire Jive Software, a maker of social-networking applications for businesses, the...
Barrick Gold Corp. (ABX, ABX.TO), a producer of gold and copper, announced that Chile's Superintendence of the Environment (Superintendencia del Medio Ambiente or 'SMA') imposed a fine of approximately $16 million for violations of the Chilean environmental approval for its Pascua-Lama project.
On...
IXYS Corp. (IXYS), an international power semiconductor and IC company, Friday announced that it has entered into an agreement with Samsung Electronics (SSNNF.PK, SSNLF.PK), to acquire 4-/8-bit microcontroller business for about $50 million. The transaction is expected to be completed within four weeks...
Yahoo! Inc. (YHOO) has offered to acquire video website Hulu, technology blog AllThings Digital said Friday, adding up to the list of bidders in the fray. The value of Yahoo!'s offer was not revealed.
Among those reportedly vying to acquire all or a part of Hulu include Directv (DTV), Time Warner...
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) and Grupo Yoli, S.A. de C.V and its shareholders announced the successful merger of Grupo Yoli with Coca-Cola FEMSA.
The company said that as a result of the merger, Grupo Yoli's shareholders will receive about 42.4 million KOF series L shares.
Through this...
Natuzzi S.p.A. (NTZ) reported a net loss for the first quarter of $7.9 million or $0.14 per share, compared to a net loss of $11.1 million or $0.20 per share for the year-ago quarter.
Total net sales for the first quarter grew 0.3% to $146.2 million from $145.7 million a year ago.