Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks Oct 27, 2016 09:32PM

Baker Hughes (NYSE: BHI) saw wild trading after-hours Thursday following reports from the Wall Street Journal General Electric (NYSE: GE) was in talks to acquire the company. It was later learned that the talks only involved a partnership.

"While nothing is concluded, none of these options include an outright purchase," GE said in a statement.

Corindus Vascular Robotics (CVRS) Reports FDA Clearance for Next-Gen Robotic System Oct 27, 2016 05:55PM

Corindus Vascular Robotics, Inc. (NYSE MKT: CVRS), a leading developer of precision vascular robotics, announced today that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its CorPath GRX, the second generation of its CorPath Vascular Robotic System. Corindus expects to commence commercialization of CorPath GRX in the first quarter of 2017.

“CorPath GRX is a critical advancement in our core technology and a meaningful step toward... (continue reading...)

Booz Allen Hamilton (BAH) Announces External Review Following Arrest of Former Employee Oct 27, 2016 05:46PM

Booz Allen has issued the following statement on its actions following the arrest of a former employee, from Craig Veith, Vice President, External Relations:

“We fired Harold Martin as soon as we learned of his arrest, and we have been fully cooperating with the FBI’s investigation and reviewing this matter. Because we are determined to learn from this incident and look more broadly at our processes and practices, we have taken an additional step of asking former FBI... (continue reading...)

Teekay Offshore Partners (TOO) Says CEO, CFO Peter Evensen to Retire Oct 27, 2016 05:45PM

Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE: TOO), announced the following changes to its Board and management team:

-- Peter Evensen, CEO, CFO and a Director of Teekay Offshore GP LLC, has informed the Partnership of his intention to retire from these positions effective January 31, 2017, after 10 years with the Partnership. In addition, Mr. Evensen will also retire from his... (continue reading...)
NYSE to Immediately Suspend Trading in Violin Memory (VMEM) Shares; Will Move to Delist Oct 27, 2016 04:24PM

The New York Stock Exchange (“NYSE” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Violin Memory, Inc. (NYSE: VMEM) from the NYSE. Trading in the Company’s common stock on the NYSE will be suspended immediately.

NYSE Regulation reached its decision to delist the common stock pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company has fallen... (continue reading...)

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