SunTrust Banks and BB&T have agreed to a $66 billion merger that will create the sixth-largest US bank.

The deal pays SunTrust shareholders 1.295 BB&T shares for each SunTrust share they own, according to a joint statement released Thursday morning. BB& T shareholders will own about 57% of the combined company...

(GLOBE NEWSWIRE) -- The Board of Directors of Superior Group of Companies™ (NASDAQ:SGC) announced today that on January 31, 2019, Venita Fields was appointed by the Board of Directors to be a Director of the Company, effective immediately. She will be one of five independent directors serving on the Board...

• General Electric on Friday announced the planned merger between Wabtec and GE Transportation has been revised.
• The revised terms are negative for GE shareholders, according to Christopher Glynn, an analyst at Oppenheimer.
• GE's stock lost more than half of its value in 2018.
• Under the leadership of new CEO Larry Culp, GE has sped up efforts to raise cash by selling assets in an effort to increase investor confidence...

TIER REIT, Inc. (NYSE: TIER) announced today the appointment of Christie Kelly as an independent director to its board of directors, effective immediately. Ms. Kelly fills a vacancy on the board as a result of the resignation of Thomas M. Herzog, a member of the board since 2015. ...

• Aphria received an all-stock takeover offer from Green Growth Brands, a US-based marijuana company.
• Green Growth provides Aphria shareholders with 1.5714 common shares of Green Growth for each Aphria share, valuing the marijuana producer at $2.06 billion.
• Aphria on Wednesday urged its shareholders to take no action until its Board has made a formal recommendation to shareholders, saying the proposal undervalued the company...

• Pacific Gas and Electric Company, California's biggest utility provider, has seen its value plunge by 80% after last November's deadly California wildfire.
• The utility on Monday said it intends to file bankruptcy petitions at the end of the month to reorganize under Chapter 11.
• Eight hedge funds snapped up shares in the third quarter — before the wildfire broke out...

• Sears filed for Chapter 11 bankruptcy in October.
• Chairman Eddie Lampert had put forward a $4.4 billion bid to save Sears by buying it out of bankruptcy through his hedge fund ESL Investments.
• The iconic American retailer has rejected Lampert's bid and is set to announce its liquidation plans Tuesday morning, CNBC reported.
• Lampert still has a chance to present details of his offer and make the case for renewing efforts to save the retailer, according to Reuters...

ROCKVILLE, Md., Jan. 3, 2019 /PRNewswire/ -- (NYSE: FRT) is pleased to announce the addition of Mark S. Ordan, age 59, to its Board of Trustees as ...

• The Securities and Exchange Commission said it's soliciting public comment on how to ease burdens associated with corporate financial reports for publicly listed companies.
• In August, President Donald Trump suggested shelving the quarterly reporting system.
• Any potential changes are expected to focus on smaller companies...

• Pivotal Research Group, a small research firm that called troubles for Facebook and Snap early on, just released its media, internet, and communications predictions for the coming year.
• Among the analysts' forecasts are "material" management changes at Facebook and "another ugly year" for satellite television...

• Dell announced Tuesday that it has agreed to buy back the publicly traded "tracking" shares of VMware, a listed company that is about 80% owned by Dell.
• The company confirmed the purchase price of $120 per share of the tracking shares for a total of $23.9 billion.
• After the deal is completed, Dell will go public again without having to go through the usual initial-public-offering process and will trade on the New York Stock Exchange starting on December 28...

• Tesla announced it was slashing Model X and Model S prices in China to offset some of the impact from President Donald Trump's tariffs.
• Shares fell 1.8% following the announcement.
• Watch Tesla trade live.

Tesla was sliding Friday, down 1.8% to below $332 a share, after the company announced that it was cutting prices on some vehicles in China to help offset some of the impact from President Donald Trump's trade war...

• Hedge-fund billionaire Dan Loeb's Third Point Capital disclosed a stake in American Express, according to a report.
• Loeb believes American Express will trade above $135 over the next 18 months — 25% above where shares were trading on Friday.
• Years of lagging performance galvanized the American Express franchise and "forced necessary investments," Loeb said...

Nov. 2, 2018 /CNW/ - BMO Financial Group today announced the appointment of the Honourable Brian Tobin, P.C., O.C. to the expanded role of Vice-Chair, BMO Financial Group effective November 1, 2018 . Formerly Vice-Chair of BMO Capital Markets, Mr. Tobin will now report to Darryl White , Chief Executive Officer, BMO Financial Group...

Small is also the founder of the former Renaissance Housing Corp., one of Washington, D.C.’s most highly recognized luxury home builder and high-rise tower developer. He is a board member of Tulane University, director of Griffin Land & Nurseries, active in Young Presidents’ Organization (YPO) and Urban Land Institute, as well as a recognized philanthropist. Small and his wife, Tina, were recently awarded the Benjamin Ourisman Memorial Award for Civic Achievement...

• Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company's third-quarter earnings call to attack a Goldman Sachs analyst and short sellers.
• It's not the first time Goncalves had a contentious moment with an analyst on an earnings call...

• Third Point Management, the hedge fund owned by the billionaire Dan Loeb, on Thursday laid out its plan to turn around Campbell Soup.
• The soup maker has suffered through years of declining soup sales.
• Third Point says the company's entire board should be replaced.

Campbell Soup is rallying Thursday, up almost 2%, after Third Point, the hedge fund owned by the billionaire Dan Loeb, called on shareholders to replace the company's board of directors...

MONTREAL, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (Theratechnologies) (TSX: TH) today announced the appointment of Mr. Gary Littlejohn as a new independent member to its Board of Directors. “Gary brings a diversified background and expertise and he will bring additional strength to the Board at a time when the Company is growing,” said Mrs...

• Broadcom and CA shares slid Wednesday after Senator Rand Paul (R-Ky.) called for a federal national security review of their merger.
• Shares trimmed their losses after Broadcom said there was a "fraudulent memo" circulating around Congress that called for a CIFUS review of their merger.
• Broadcom announced an $18.9 billion deal to acquire CA in July...

• Bill Ackman, the billionaire founder of Pershing Square Capital Management, disclosed a stake in Starbucks on Tuesday, according to multiple reports.
• Starbucks shares jumped by as much as 5% following the news.
• In August, Ackman said he had bought shares of an undisclosed company worth $800 million.
• Watch Starbucks trade in real time here.

Starbucks shares jumped by as much as 5% Tuesday on news that the hedge-fund billionaire Bill Ackman had bought a stake in the coffee retailer...

Constellation Brands' CEO Rob Sands is "extremely bullish" about the burgeoning cannabis industry . He defended the company's $4 billion purchase of a 38% stake in Canopy Growth on a call with investors on Thursday. "We're not playing defense, we're playing offense," Sands said. The beverage giant behind Corona and Modelo is bullish about the future of the legal cannabis industry...

• Last week, Tesla CEO Elon Musk reached a settlement with the Securities and Exchange Commission agreed with the companies board of directors to be more constrained in his use of Twitter.
• On Friday, however, Musk was back to complaining about investors who bet against Tesla shares, saying they diminish the stock's true returns.
• "When CEOs criticize short selling, its usually because they're looking to deflect blame for their own failing," one prominent short seller told Business Insider...

• Telsa board members have proposed 21st Century Fox CEO James Murdoch succeed Elon Musk as chairman.
• Murdoch previously came under fire, ahead of his re-election to the board in May, due to a lack of relevant experience...

• AutoNation Chief Executive Mike Jackson will step down after nearly two decades at the dealership.
• He will stay on as executive chairman as the board looks for a successor.
• Watch AutoNation trade in real time here.

After leading the US's largest dealership chain for nearly two decades, AutoNation Chief Executive Mike Jackson will step down from the role next year. Jackson will transition from his current role to executive chairman in 2019...