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Hon Hai Precision Ind. Co. Ltd confirmed that the company is in preliminary discussions regarding a potential investment that would represent an expansion of its current US operations. Foxconn said, while the scope of the potential investment has not been determined, it will announce the details of any...

Staples, Inc. (SPLS) and Cerberus Capital Management, L.P. announced they have entered into an agreement in relation to the sale of a controlling interest in Staples' European operations to a Cerberus affiliate. Staples said the company is retaining a 15 percent equity interest in the business and will...

ProSiebenSat.1 Media SE (PBSFF.PK) announced Jan Kemper will be appointed to the Executive Board of the company as CFO, from June 1, 2017. He will succeed Gunnar Wiedenfels, who is leaving the company at the end of March 2017. From April 1 to May 31, 2017, Ralf Peter Gierig will be heading the Finance...

As per media reports, Apple Supplier Foxconn is currently in discussions with US officials regarding the company's entry into the U.S. market. The scope of the potential investment has not been determined. Hon Hai/Foxconn Technology Group is a dependable partner for joint-design, joint-development,...

German conglomerate Siemens AG (SIEGY, SMAWF) Wednesday said it aims to achieve double-digit annual growth in digital businesses. In a statement, the company said it wants to further strengthen its position as a digital company and achieve double-digit growth in software, digital services and cloud...

Merck (MRK), known as MSD outside the United States and Canada, announced positive health-related quality of life (HRQoL) findings from an exploratory analysis from the phase 3 KEYNOTE-024 study investigating the use of KEYTRUDA (pembrolizumab), the company's anti-PD-1 therapy, compared to standard of...

Steinhoff International Holdings N.V. reported Wednesday that its fourth-quarter operating profit increased 12.5 percent to 327 million euros from last year's 291 million euros. This represented an operating profit margin for the group as a whole of 9.7 percent. When adjusting for one of restructuring...

Transport company Stagecoach Group plc (SGC.L) reported Wednesday that its first-half profit before tax declined to 89.5 million pounds from 90.8 million pounds a year ago. Earnings per share were 12.7 pence, slightly down from 12.8 pence a year ago. Adjusted profit before tax was 100.4 million...

Symrise AG (SYIEY.PK, SYIEF.PK), a supplier of fragrances, flavorings and cosmetic active ingredients, announced Wednesday that its Supervisory Board has again renewed the contract of CEO Heinz-Juergen Bertram ahead of schedule for a further five-year term until 2022. According to the firm, the reaffirmation...

Boeing Co. (BA) said that it agreed to acquire Liquid Robotics, a market leader in autonomous maritime systems and developer of the Wave Glider ocean surface robot, to grow its seabed-to-space autonomous capabilities. In September 2014, Boeing and Liquid Robotics entered into a teaming agreement...

Boeing Co. (BA) said that it is currently under contract for $170 million to help determine the capabilities of complex military aircraft that serve the unique requirements of the President of the United States. It looks forward to working with the U.S. Air Force on subsequent phases of the Air Force...

President-elect Donald Trump said that the latest Air Force One order should be canceled, citing the high costs of converting the Boeing Co. jumbo jet for presidential use. "Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion....

Harman International Industries Inc. (HAR) Tuesday announced a strategic partnership and investment in Silicon Valley innovator Navdy to offer an aftermarket Augmented Reality Driving Device to automotive OEMs. As part of the agreement, Harman will have exclusive rights to distribute the new co-branded...

Teledyne Technologies Inc. (TDY) said that Teledyne Instruments, Inc. has acquired Hanson Research Corporation. Hanson Research, headquartered in Chatsworth, California, specializes in analytical instrumentation for the pharmaceutical industry. Terms of the transaction were not disclosed. Founded...

Nucor Corp. (NUE) said that it has agreed to acquire Southland Tube, an independent manufacturer of hollow structural section or HSS steel tubing, for $130 million. HSS is used in a broad array of structural and mechanical applications including nonresidential construction, infrastructure, and heavy...

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