BRIEF-One Liberty increases qtrly dividend to $0.43 per share
* Declared quarterly dividend on company's common stock of $0.43 per share, representing an increase of $0.02 per share or 4.9 pct Source text for Eikon: Further company coverage:
March 14 Solid-state drive maker Stec Inc , which has been under pressure from a shareholder group seeking to replace its board, reported a wider quarterly loss on increased competition.
Shareholders Balch Hill LLC and Potomac Capital Management LLC, who had nominated seven candidates to replace the entire Stec board, said on Thursday discussions with the company had broken down.
Top shareholder Balch Hill said co-founders Mark Moshayedi and Manouch Moshayedi should resign from the company's board.
Manouch Moshayedi resigned as Chief Executive in September over insider trading charges and his brother Mark Moshayedi took over as the interim CEO.
Balch Hill has a 9 percent stake in Stec, while Potomac Capital Management holds less than a percent, according to Thomson Reuters data.
Net loss widened to $23.2 million, or 50 cents per share, in the fourth quarter, from $3.6 million, or 8 cents per share, a year earlier.
Revenue fell 40 percent to $35.1 million.
Dec 7 Abbott Laboratories said on Wednesday that it had moved to terminate its proposed acquisition of Alere Inc, citing a "substantial loss" in the value of the diagnostics company since they struck a deal 10 months back.
Dec 7 The American Bankers Association said it filed a lawsuit on Wednesday against the National Credit Union Administration (NCUA), seeking to overturn a recently passed rule to ease restrictions on who may join credit unions.