FedEx pilot union's executive council votes in favor of labor contract Aug 28, 2015 06:22PM

(Reuters) - FedEx Corp (NYSE: FDX) pilot union's executive council has voted in favor of a tentative contract that seeks better employment terms including higher hourly pay rates and retirement plan enhancement, the Air Line Pilots Association said.

The FedEx master executive council (MEC) voted late on Thursday to approve the collective bargaining agreement reached on Aug. 19 with the package delivery company, the association said on Friday.

... (continue reading...)
Buffett's Berkshire Hathaway Discloses ~$4.5B Stake in Phillips 66 (PSX) Aug 29, 2015 07:40AM

Warren Buffett's Berkshire Hathaway disclosed a 57,975,456 stake in Phillips 66 (NYSE: PSX), according to regulatory filings made late Friday.

The total amounts to about 10 percent of Phillips 66's shares. (Phillips 66 last disclosed having 537,659,593 shares outstanding, according to its latest 10-Q filing with the U.S. SEC.)

Market chatter has Berkshire accumulating the stake for some time given the size of the position.

Berkshire last disclosed having a 7.5 million... (continue reading...)


Accenture (ACN) Acquires AD.Dialeto Aug 28, 2015 04:19PM

Accenture (NYSE: ACN) has acquired AD.Dialeto, an independent Brazilian digital agency, strengthening its digital marketing services provided throughAccenture Interactive, part of Accenture Digital. As a result of the acquisition, Accenture will enhance its ability to serve clients in the growing Latin American market with digital marketing and commerce services that help maximize a return-on-investment (ROI) of their digital programs. Terms of the transaction were not... (continue reading...)


UPDATE: FTC Approves Divestiture in ZF Friedrichshafen, TRW Automotive Holdings (TRW) Deal Aug 28, 2015 03:39PM (Updated - August 28, 2015 3:39 PM EDT)

Following a public comment period, the Federal Trade Commission has approved an application from ZF Friedrichshafen AG and TRW Automotive Holdings Corp. to sell TRW’s North American and European linkage and suspension business for heavy and light vehicles to the Tokyo-based global machine component manufacturer THK Co., Ltd.

The divestiture was required by the FTC’s June 2015 final order settling charges that the $12.4 billion... (continue reading...)


FDA Issues Warning on DPP-4 Inhibitors in T2D (MRK) (LLY) Aug 28, 2015 12:36PM

The U.S. Food and Drug Administration (FDA) is warning that the type 2 diabetes medicines sitagliptin, saxagliptin, linagliptin, and alogliptin may cause joint pain that can be severe and disabling. We have added a new Warning and Precaution about this risk to the labels of all medicines in this drug class, called dipeptidyl peptidase-4 (DPP-4) inhibitors.

Patients should not stop taking their DPP-4 inhibitor medicine, but should contact their health care professional... (continue reading...)


More Corporate News

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Aug 28, 2015 12:00PM Advanced Semiconductor (ASX) Issues Response to Siliconware (SPIL) Statement; Will Continue Tender Offer
Aug 28, 2015 11:33AM Patterson Cos. (PDCO) Announces Completion of $715M Medical Business Sale
Aug 28, 2015 11:04AM EERC Working with FuelCell Energy (FCEL) to Develop Process to Convert Nat-Gas Into Other Usable Liquids
Aug 28, 2015 09:44AM BNY Mellon glitch roiled pricing on U.S. funds with $404 billion in assets
Aug 28, 2015 09:33AM Las Vegas Strip Revenue Fell 2.1% in July (MGM) (WYNN) (LVS)
Aug 28, 2015 09:32AM UPDATE: Charles Schwab (SCHW) Weaker on Website Issues
Aug 28, 2015 09:08AM CommScope (COMM) Completes $3B Acquisition of TE Connectivity’s (TEL) Telecom, Enterprise and Wireless Unit
Aug 28, 2015 08:25AM Amec Foster Wheeler (AMFW) Awarded Vietnam's Dung Quat Refinery Contract Supporting $1.8B Expansion
Aug 28, 2015 08:13AM Russia's MTS teams up with Google to promote mobile Internet
Aug 28, 2015 08:04AM Perrigo (PRGO) Sees Shareholders Rejecting Mylan (MYL) Offer
Aug 28, 2015 08:03AM Xerox Corp. (XRX) Launches New Brand Strategy with 'Work Can Work Better' Theme
Aug 28, 2015 08:00AM Ashford Hospitality Prime (AHP) Will Explore Strategic Alternatives
Aug 28, 2015 07:36AM Tesla (TSLA) Enters Lithium Supply Contract with Rare Earth Minerals and Bacanora Minerals
Aug 28, 2015 07:31AM ADP (ADP) Plans $2B Debt Securities Offering; 25M Common Stock Buyback Approved Upon Completion
Aug 28, 2015 07:29AM Hercules Technology Growth (HTGC) Updates on YTD Net Realized Gains
Aug 28, 2015 07:24AM Mylan (MYL) Shareholders Approve Acquisition of Perrigo (PRGO), Mylan to Launch Formal Offer in Weeks
Aug 28, 2015 07:24AM Mylan (MYL) Receives Shareholder Approval for Proposed Acquisition of Perrigo (PRGO)
Aug 28, 2015 07:00AM Cliffs Natural Resources (CLF) Successfully Concludes Notes Tender
Aug 28, 2015 06:46AM Novartis (NVS) Announces Extension of MDT Medicines to Fight Leprosy
Aug 28, 2015 06:40AM Halcón Resources (HK) Enters Debt Exchange Agreements
Aug 28, 2015 06:38AM ReneSola (SOL) Announces Sale of 34.6-MW Port Farms Project
Aug 28, 2015 06:28AM ADP (ADP) Files Debt Securities Shelf
Aug 28, 2015 06:23AM Amgen (AMGN) Announces FDA Approval of Repatha for Lowering LDL-C
Aug 28, 2015 06:19AM Nokia (NOK), China Huaxin Enter Agreement to Form New Joint Venture in China
Aug 28, 2015 06:15AM Yingli Green Energy (YGE) Announces Prelim. Q2 GM at 6% - 7%; Notes Decline in Avg. PV Module Price
Aug 28, 2015 06:04AM Siliconware Precision (SPIL), Foxconn Enter Strategic Alliance
Aug 27, 2015 05:54PM Facebook's Instagram adds new photo sizes to keep users, attract ads
Aug 27, 2015 05:49PM Boeing wins $1.49 billion order for 13 P-8A aircraft
Aug 27, 2015 05:27PM LifeLock (LOCK) Acquires Assets of BitYota for $12.5M
Aug 27, 2015 05:19PM Activision Blizzard (ATVI), United Airlines (UAL) to Join S&P 500
Aug 27, 2015 05:18PM Synopsys (SNPS) Enters $100M Common Stock Accelerated Buyback Agreement
Aug 27, 2015 05:14PM FDA Approves Repatha Injection as LDL Treatment (AMGN)
Aug 27, 2015 04:50PM McDonald's, Tyson Foods drop farm after videotape shows animal cruelty
Aug 27, 2015 04:48PM D. R. Horton (DHI) Extends Revolving Facility Termination Date with Mizuho
Aug 27, 2015 04:46PM One Billion People Used Facebook (FB) on Monday - Zuckerberg
Aug 27, 2015 04:45PM Zuckerberg: For the first time 1 billion people used Facebook (FB) in a day
Aug 27, 2015 04:43PM Freeport-McMoran (FCX) Comments on Icahn's 13D Filing; Welcomes Constructive Shareholder Input
Aug 27, 2015 04:26PM SunGard apologizes for fund pricing glitch at BNY Mellon
Aug 27, 2015 04:12PM Celgene (CELG) Announces Completion of $7.2B Receptos Acquisition
Aug 27, 2015 04:11PM Tessera Technologies (TSRA) Buys Ziptronix for $39M
Aug 27, 2015 04:00PM Autodesk (ADSK) to Acquire SeeControl
Aug 27, 2015 03:48PM Ethan Allen (ETH) Issues Commentary on Sandell Letter; Sees Burden on Sale-Leaseback Strategy
Aug 27, 2015 01:32PM Stereotaxis (STXS) Surges; Australian Hospital Announces Data Supporting Ablation Effectiveness of MNS Catheter Group
Aug 27, 2015 01:26PM Caterpillar Inc plans to cut 475 more jobs amid revenue decline
Aug 27, 2015 01:06PM August U.S. auto sales seen down 3.9 percent: JD Power/LMC
Aug 27, 2015 12:27PM Apple may launch new iPhones at Sept. 9 event
Aug 27, 2015 12:15PM Apple (AAPL) Announces Sept. 9th Event
Aug 27, 2015 10:31AM Boehringer Ingelheim, Eli Lilly (LLY) Announce FDA Approval of Synjardy as T2D Treatment
Aug 27, 2015 10:05AM BNY Mellon's fund pricing glitch may persist into weekend
Aug 27, 2015 09:40AM Boeing hits 777X jet milestone, says program on schedule
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