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Southern California Edison or SCE, a unit of Edison International (EIX), said Monday that the company and the holders of Woolsey Fire insurance subrogation claims have entered into an agreement settling all subrogation claims in the pending litigation arising from the 2018 Woolsey Fire. SCE also...

UPS (UPS) agreed to sell UPS Freight to TFI International Inc. (TFII, TFII.TO) for $800 million. UPS and TFI International will also enter into an agreement for UPS Freight to continue to utilize UPS' domestic package network to fulfill shipments, for a period of five years. The transaction is...

ATM operator NCR Corp. (NCR) said Monday that it agreed to buy Cardtronics (CATM) for $39.00 per share in an all-cash transaction with an enterprise value of about $2.5 billion, including debt. The transaction has been approved by the Boards of Directors of both companies. The combined company...

Moderna Inc. (MRNA) said Monday that results from in vitro neutralization studies of sera from individuals vaccinated with the company's COVID-19 vaccine, mRNA-1273, showed activity against emerging strains of SARS-CoV-2. Moderna noted that vaccination with its COVID-19 vaccine produced neutralizing...

Rocky Brands, Inc. (RCKY) has agreed to acquire the performance and lifestyle footwear business of Honeywell International for a purchase price of $230 million. Honeywell will divest five brands it deems non-core to its business: The Original Muck Boot Company, XTRATUF fishing boots and deck shoes, Ranger,...

Chipotle Mexican Grill (CMG) said Monday it will premiere its first ever Super Bowl commercial during the second quarter of Super Bowl LV. The ad is created by Venables Bell and Partners. The spot, titled "Can a Burrito Change the World?," features a young boy rhetorically asking that question while...

Alaska Airlines has accepted delivery of its first Boeing 737-9 MAX airplane. The company's 737-9 is scheduled to enter passenger service on March 1 with daily roundtrip flights between Seattle and San Diego, and Seattle and Los Angeles. The second 737-9 is anticipated to enter service later in March. Alaska...

PPL Corp. (PPL) said Monday its board of directors has appointed director Craig Rogerson to serve as independent board chair, effective March 1, 2021. The move follows Non-Executive Chairman William Spence's decision to retire from PPL's board of directors effective the same date. Rogerson, who has...

Franchise Group Inc. (FRG) agreed to buy Pet Supplies Plus, an omnichannel retail chain and franchisor of pet supplies and services, in an all cash transaction valued at about $700 million from affiliates of Sentinel Capital Partners. In addition, the company estimates that the net present value of...

WestRock Co. (WRK) announced Monday that it detected a ransomware incident on Saturday that impacted certain of its operational and information technology systems. The Company said it promptly initiated response and containment protocols. The Company's security teams, supplemented by leading cyber...

Brunswick Corp. (BC) said Monday it is increasing production capacity at three of its global boat manufacturing facilities to meet unprecedented consumer demand and help in replenishing historically low field inventory levels. Mettawa, Illinois-based Brunswick said it will reopen its 225,000 square-foot...

Alight Solutions and Foley Trasimene Acquisition Corp. (WPF), a special purpose acquisition company, have entered into a business combination agreement. The agreement reflects an implied pro-forma enterprise value for Alight of approximately $7.3 billion. Alight will become a publicly traded entity under...

Energy holding company Duke Energy Corp. (DUK) announced Monday it has reached an agreement with Attorney General, Public Staff and Sierra Club on North Carolina coal ash costs. The settlement resolves the last remaining major issues on coal ash management in North Carolina. The settlement provides...

Bank of Hawaii Corp. (BOH) reported that its net income for the fourth quarter of 2020 was $42.3 million or $1.06 per share down from $58.1 million or $1.45 per share in the same quarter in 2019. Analysts polled by Thomson Reuters expected the company to report earnings of $1.11 per share for the quarter....

Merck (MRK) has decided to discontinue development of the company's COVID-19 vaccine candidates, V590 and V591. In phase 1 clinical studies, both V590 and V591 were generally well tolerated, but the immune responses were inferior to those seen following natural infection and those reported for other...

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