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ISoftStone Enters Into Definitive Agreement For Going Private

BEIJING (dpa-AFX) - Chinese IT services provider iSoftStone Holdings Ltd. (ISS) said Friday that it has entered into a definitive agreement and plan of merger with New iSoftStone Holdings Ltd. and New iSoftStone Acquisition Ltd., pursuant to which New iSoftStone will acquire iSoftStone for US$0.57 per ordinary share of the company or US$5.70 per American [...]

Calpine To Sell Six Southeast Power Plants To LS Power For $1.57 Bln

WASHINGTON (dpa-AFX) - Wholesale power generation company Calpine Corp. (CPN) said Friday that it has agreed to sell six power plants in its Southeast region to LS Power for $1.57 billion in cash, subject to working capital and other adjustments. The portfolio of assets comprises 3,498 MW of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, [...]

Sallie Mae Names Steven McGarry CFO Of Future Holding Company Of Sallie Mae Bank

WASHINGTON (dpa-AFX) - Education loan provider SLM Corp. (SLM), commonly known as Sallie Mae, Friday said it has appointed Steven McGarry as executive vice president and chief financial officer of the future holding company of Sallie Mae Bank. The company noted that the appointment will take effect upon separation of consumer banking and loan management, [...]

ARRIS Buys SeaWell Networks

WASHINGTON (dpa-AFX) - ARRIS (ARRS) announced it has acquired Mississauga, Ontario-based SeaWell Networks. The company said it is integrating SeaWell's adaptive bit rate streaming technologies and talent into its Network & Cloud business. The combined portfolio - of IP video, multiscreen, and ad insertion solutions - will be the enabler for next-gen TV and [...]

Slovenia Output Prices Fall Further

LJUBLJANA (dpa-AFX) - Slovenia's output prices continued to decline in March, figures from the Statistical Office of the Republic of Slovenia showed Friday. Output prices fell 0.9 percent year-on-year in March, after a 1 percent decline in February. Prices have been falling since September last year. Domestic market output prices decreased 1.5 percent [...]

Italy's Hourly Wages Remain Unchanged

ROME (dpa-AFX) - Italy's hourly wages remained flat in March from February, the statistical office Istat said Friday. The wage growth slowed to 0.1 percent in February from 0.6 percent in January. On a yearly basis, hourly wages rose 1.4 percent for the third consecutive month in March. Consequently, during January to March, wages increased 1.4 percent [...]

France Leading Index Falls In February: Conference Board

PARIS (dpa-AFX) - The Conference Board's leading economic index for France declined in February, after increasing in the previous four months, data showed Friday. The recent behavior of the composite indexes suggests that France's economy is likely to moderately improve through the first half of 2014, the Conference Board said. The leading economic index [...]

FDA Discourages Laparoscopic Power Morcellation Method For Removal Of Uterus

NEW BRUNSWICK (dpa-AFX) - The U.S. Food and Drug Administration, or FDA is warning doctors against use of laparoscopic power morcellation for removal of uterus or uterine fibroids without open surgery, as it is likely to spread cancer cells. The agency also said there is no reliable way to determine if a uterine fibroid is cancerous prior to removal. [...]

Italy's Industrial Orders Fall In February

ROME (dpa-AFX) - Italy's industrial orders declined for a second time in three months in February, data from the statistical office Istat showed Friday. Industrial orders dropped 3.1 percent from a month ago as both domestic and foreign demand deteriorated in February. The decline reversed January's revised 4.7 percent increase. Domestic demand decreased [...]

Dutch Consumer Confidence Rises In April As Expected

AMSTERDAM (dpa-AFX) - Dutch consumer confidence improved for the seventh consecutive month in April, as households remained positive regarding the economic situation, data from the Central Bureau of Statistics showed Friday. The consumer confidence rose to -5 from -7 in March, in line with expectations of economists. The index has been rising steadily [...]
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