AXIS Capital (AXS), PartnerRe (PRE) to Merge in $11 Billion Deal Jan 25, 2015 07:54PM

Sunday evening, AXIS Capital Holdings Limited (NYSE: AXS) and PartnerRe Ltd. (NYSE: PRE) announced that they have signed a definitive amalgamation agreement to create one of the world’s preeminent specialty insurance and reinsurance companies, with gross premiums written in excess of $10 billion, total capital of more than $14 billion, and cash and invested assets of more than $33 billion. The merger of equals has been unanimously approved by the boards of directors... (continue reading...)


Gap, Inc. (GPS) to Close Piperlime, Its Smallest Brand Jan 23, 2015 03:41PM

Gap Inc. (NYSE: GPS) today announced the decision to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015.

The company is committed to executing against its long-term strategy of driving profitable top line sales, powered by its global brands and innovative ability to reach customers in new and differentiated ways. Going into the new fiscal year, the company will focus on its portfolio... (continue reading...)


Myriad Genetics (MYGN), Pathway Genomics Enter Settlement Over BRCA Patent Suit Jan 23, 2015 03:40PM

Pathway Genomics Corporation (“Pathway”) announced a settlement agreement that ends the BRCA patent litigation against Pathway that began on June 13, 2014.

Under the agreement, Myriad Genetics, Inc. (Nasdaq: MYGN), the University of Utah Research Foundation, HSC Research and Development Limited Partnership, Endorecherche, Inc., and the Trustees of the University of Pennsylvania (the “Patent Owners”) and Pathway dismiss their respective claims and counterclaims... (continue reading...)


Bigger Capital Delivers Letter, Warns Against Standard General Conflicts of Interest at American Apparel (APP) Jan 23, 2015 01:48PM

Bigger Capital Fund, LP, Bachelier, LLC and the Bigger Family, significant shareholders since 2011 of American Apparel, Inc. (NYSE: APP) ("American Apparel" or the "Company"), today announced that they have delivered a letter to American Apparel's Board of Directors. The full text of the letter is included below:

January 23, 2015

Board of DirectorsAmerican Apparel, Inc.747 Warehouse StreetLos Angeles, California 90021

Dear Members of the Board of American Apparel:

The... (continue reading...)


Microsoft (MSFT) to Acquire Big Data Firm, Revolution Analytics Jan 23, 2015 11:06AM

Microsoft (NASDAQ: MSFT) Corporate Vice President, Machine Learning, Joseph Sirosh, posted the following to the company's official blog on Friday:

I’m very pleased to announce that Microsoft has reached an agreement to acquire Revolution Analytics. Revolution Analytics is the leading commercial provider of software and services for R, the world’s most widely used programming language for statistical computing and predictive analytics. We are making this acquisition... (continue reading...)


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