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While reporting its first-quarter financial results today, Nucor Corp. (NUE) said it expects earnings in the second quarter of 2018 to increase significantly compared to the preceding first quarter of 2018. Nucor noted that steel mill metal margins and profits in March were by far the strongest in...

American International Group, Inc. (AIG) announced the authorisation of new insurance companies in the United Kingdom and Luxembourg that will see all business transferred to the new entities ahead of the UK leaving the European Union. The restructure involves the transfer of AIG Europe Limited's existing...

Responding to recent press speculation, Japan's Takeda Pharmaceutical Co. Ltd. (TKPYY.PK) confirmed that on April 12 it made a revised proposal to the Board of Shire plc (SHP.L, SHPG) to acquire Shire for 46.50 pounds per share. But, Takeda said it was subsequently notified that the Board of Shire had...

Apparel retailer Guess Inc. (GES) and Italian luxury brand Gucci said that the two companies have signed an agreement which will result in the conclusion of all pending IP litigations and trademark office matters worldwide. The terms of the agreement remain confidential. The companies noted that the...

Argos Therapeutics, Inc. (ARGS) reported interim results from its randomized, active controlled, open-label, multi-center Phase 3 ADAPT trial of Rocapuldencel-T in combination with sunitinib/standard-of-care for the treatment of newly diagnosed metastatic renal cell carcinoma. Based on the results, the...

W.W. Grainger Inc. (GWW) said that it increased its sales and earnings per share guidance for fiscal year 2018. "We remain confident that the strategic actions we are executing in the United States and Canada are helping us create a stronger business. Based on the encouraging results we're seeing....

Alliance Data Systems Corp. (ADS) Thursday reported first quarter net income of $164 million, up 12 percent from the prior year. On a per share basis, earning climbed 14 percent to $2.95 from $2.58 a year ago. Non-GAAP core earnings were $4.44 per share. On average, 23 analysts polled by Thomson...

Pier 1 Imports, Inc. (PIR) said it will host an Analyst Day today to provide a detailed view of its "Pier 1 2021: A New Day" three-year strategic plan and discuss the company's financial outlook. The company forecast net loss for the first quarter and fiscal 2019 as a result of its investments in the...

Blackstone Group L.P. (BX) reported that its net income attributable to the company for the first quarter 2018 declined to $367.87 million from the prior year's $451.91 million, with net income per unit decreasing to $0.53 from $0.68 last year. Stephen Schwarzman, Chairman and Chief Executive Officer,...

Qualcomm Inc. (QCOM) announced that the company and NXP Semiconductors N.V. (NXPI), at the request of the Ministry of Commerce in China (MOFCOM), have withdrawn and refiled the notice of acquisition regarding the companies' planned combination. NXP and Qualcomm River Holdings B.V., an indirect subsidiary...

Philip Morris International Inc. (PM) on Thursday increased its fiscal 2018 reported earnings guidance, primarily to reflect a lower effective tax rate. For the full year, the company now projects reported earnings in a range of $5.25 to $5.40 per share, up from the prior guidance range of $5.20 to...

Teva Pharmaceutical Industries (TEVA) announced Thursday it has agreed to terminate the PGT Healthcare partnership with Procter & Gamble Co. (PG). The partnership was established in 2011 to market OTC (Over The Counter) medicines. The separation is planned to take effect July 1, 2018 subject to receipt...

Pentair plc (PNR) updated its estimated 2018 GAAP EPS from continuing operations to a range of $1.75 to $1.80 and on an adjusted EPS basis to a range of $2.25 to $2.30. The company updated sales guidance to $2.96 billion, up 3 to 4 percent on a reported and core basis over 2017. The company is targeting...

Medidata Solutions, Inc. (MDSO) on Thursday reaffirmed its outlook for the full-year 2018. For fiscal 2018, the company continues to project net income in a range of $42 million to $50 million and adjusted net income in the range of $98.5 million to $106.5 million. Total revenue for the year are...

WABCO Holdings Inc. (WBC) announced, for full year 2018, the company now expects performance EPS to range from $7.30 to $7.80 versus previous guidance from $7.20 to $7.70. Sales are now projected in the range of $3.885 - $4.015 billion, up from prior outlook range of $3.82 - $3.98 billion. "Our updated...

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