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  • Ackman files second lawsuit against U.S. government Friday, 15 Aug 2014 | 9:40 PM ET

    Aug 16- Activist Bill Ackman's Pershing Square Capital Management LP filed its second lawsuit in two days against the U.S. government over bailout of Fannie Mae and Freddie Mac, court documents show.

  • Aug 15- Deloitte LLP's Chief Executive Officer Joe Echevarria plans to retire later this month to follow his interest in public service, the accounting and consulting firm said on Friday. Deloitte LLP is the member firm of Deloitte Touche Tohmatsu Limited, a UK private company. Subsidiaries of Deloitte LLP include audit firm Deloitte& Touche LLP.

  • Aug 15- International Business Machine Corp said on Friday that the Committee on Foreign Investment in the United States has approved the sale of its low-end server business to Lenovo Group Ltd. In January, China's Lenovo Group has agreed to buy IBM's X86-based server business for $2.3 billion in what would be China's biggest technology deal.

  • UPDATE 1-NQ Mobile CFO resigns, cites family reasons Friday, 15 Aug 2014 | 11:49 AM ET

    Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • Aug 15- Deere& Co, the world's largest maker of farm equipment, said it would indefinitely lay off more than 600 employees at plants in Illinois, Iowa and Kansas as falling grain prices hurt demand for tractors, harvesters and other agricultural machinery.

  • NQ Mobile CFO resigns, cites family reasons Friday, 15 Aug 2014 | 8:04 AM ET

    Aug 15- Chinese mobile-security software maker NQ Mobile Inc said Chief Financial Officer KB Teo resigned for family reasons, sending its shares down 33 percent in premarket trading. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • LONDON/ FARGO, North Dakota, Aug 14- Royal Dutch Shell on Thursday announced the sale of two onshore U.S. shale gas assets in exchange for $2.1 billion and acreage in different gas-rich areas as the energy company restructures its North America business and reins in costs.

  • LONDON, Aug 14- Royal Dutch Shell Plc announced on Thursday the sale of onshore U.S. shale gas assets as the energy company restructures its North America production and reins in costs.

  • Aug 14- Royal Dutch Shell Plc said it had agreed to sell its natural gas-producing properties in Wyoming's Pinedale field and Louisiana's Haynesville field for about $2.1 billion in cash.

  • Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 percent at $24.82 in premarket trading on the Nasdaq.

  • Cisco to take $700 mln in restructuring charges in 2015 Thursday, 14 Aug 2014 | 6:41 AM ET

    Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco said $250- $350 million of the charges would be recognized in the first quarter.

  • Aug 11- Mobile service provider NII Holdings Inc, reporting its ninth quarterly loss in a row, said on Monday it may have to file for bankruptcy after struggling to compete in Brazil and Mexico. The company, which operates in Latin America under the Nextel brand, ended the second quarter with a net debt of $4.8 billion and with $1 billion in cash and investments.

  • Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year.

  • ConAgra Foods CEO Gary Rodkin to retire Monday, 11 Aug 2014 | 8:00 AM ET

    Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year. The company, whose products include Slim Jim meat snacks and Healthy Choice frozen meals, said it had set up a search committee to find a successor.

  • Aug 7- Cliffs Natural Resources Inc, an iron ore and coal producer, said on Thursday that Lourenco Goncalves, a former steel company executive, was named to run the company after activist investor Casablanca Capital triumphed in a proxy battle.

  • Aug 7- Cliffs Natural Resources Inc, an iron ore and coal producer, said on Thursday that Lourenco Goncalves, a former steel company executive, was named to run the company after activist investor Casablanca Capital triumphed in a proxy battle. New York- Casablanca, which has a 5.2 percent stake in Cliffs, claimed the company was destroying shareholder value.

  • Canadian Tire posts higher profit, appoints new CEO Thursday, 7 Aug 2014 | 8:10 AM ET

    Aug 7- Retailer Canadian Tire Corp reported a higher quarterly profit and named Michael Medline chief executive, effective Dec. 1. Medline, who will also serve as the president, will take over from Stephen Wetmore, who has agreed to remain on the board in a new, non-executive position of deputy chairman, Canadian Tire said on Thursday.

  • Aug 6- Keurig Green Mountain Inc reported lower-than-expected quarterly revenue as sales of its one-cup coffee brewers fell ahead of the launch of a new machine later in the year. The company said it expected a profit of 68- 75 cents per share for the fourth quarter ending September.

  • Sprint names Marcelo Claure as CEO Wednesday, 6 Aug 2014 | 8:50 AM ET

    Aug 6- Sprint Corp, the No. 3 U.S. mobile carrier, named Marcelo Claure as its new chief executive, effective Aug. 11. Claure, 43, will replace Dan Hesse, who has been CEO since 2007, Sprint said in a statement on Wednesday. Claure founded mobile phone distributor Brightstar Corp, which was acquired last year by Sprint's Japanese parent, SoftBank Corp..

  • Auto parts maker Visteon's quarterly revenue rises Wednesday, 6 Aug 2014 | 7:30 AM ET

    Aug 6- Auto parts maker Visteon Corp reported a 11 percent rise in quarterly revenue as higher vehicle production boosted sales of its climate control products. Visteon said $258 million of sales in its interiors business were reclassified as discontinued operations since it is divesting a majority of the business.