This Morning’s Top Stories

This Morning’s Top Stories

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This article contains top stories you need to know before the opening bell on Tuesday.

Akamai Technologies Inc. said late Monday it is conducting its own internal investigation into sales practices at one of its foreign markets, and the probe takes into account a review of anti-bribery compliance. According to its SEC filing, the company is taking the help from outside counsel to perform the probe task, and that it is found in a country it didn’t name, but that contributed below 1% of the company’s revenue in the last three years. The cloud computing services firm’s filing disclosed that it made contact with the Securities and Exchange Commission and the U.S. Department of Justice in February to get advice on the internal probe.

Subprime lender Springleaf Holdings Inc. reportedly was getting closer to sign a deal with Citigroup Inc. to acquire its OneMain Financial for about $4.25 billion. The official word on the deal was expected as soon as Tuesday, according to media reports. Citigroup have been seeking a buyer for the unit as part of its plan to remake itself into a smaller, easier-to-manage operation after the financial crisis.

Petróleo Brasileiro SA is going to sell as much as $13.7 billion in assets in 2015 and 2016 with an aim to reduce debt and protect cash.

In a securities filing on Monday, Brazil’s largest state-controlled company lifted the goal for disposal of assets from the $5 billion to $11 billion initially included in its $221 billion, five-year capital spending plan disclosed in the second month of 2014.

“This plan is part of a strategic approach by the company aimed at cutting debt, preserve cash and focus on priority investments, especially in oil and gas output in Brazil in areas of elevated productivity and returns,” the filing said.

Mylan NV reported Q4 EPS of $1.05 with $2.08 billion in revenue. Analysts had expected $1.05 a share and $2.07 billion in revenue. For the full year, the company expects adjusted EPS in a range of $4.00 to $4.30 on revenue between $9.6 billion and $10.1 billion. Analysts currently forecast $4.05 a share on revenue of $9.09 billion.

Layne Christensen Co. forecast higher-than-expected Q4 loss in the wake of the continuing decline in commodity prices. The company now predicts a quarterly loss per share of $1.10 to $1.25, higher from prior estimate for a loss of 60 cents to 65 cents.

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