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Swiss banking giant Credit Suisse Group AG (CS), in its Investor Day 2018 on Wednesday, said it continues to deliver on its strategy and to generate profitable growth. For fiscal 2018, the company expects reported pre-tax income between 3.2 billion Swiss francs to 3.4 billion francs. In fiscal 2017,...

Energy services company Wood Group (John) Plc. (WG.L) Wednesday said its positive trading momentum has continued and full year results will demonstrate good organic revenue growth. The company expects full-year revenue to be up over 10% on proforma 2017, in the region of around $10.9 billion to $11.1...

J Sainsbury plc (JSAIY.PK, SBRY.L), the parent company of British supermarket chain Sainsbury's Supermarkets Ltd, on Wednesday issued a statement regarding its proposed merger with Asda Group Ltd, a wholly owned subsidiary of Walmart (WMT). Both companies will lodge an application with the Competition...

British American Tobacco plc (BATS.L, BTI) Wednesday said its business continues to perform well and full year guidance remains unchanged. In its pre-close trading update, the company reported continued good market share growth in combustibles, driven by the Strategic Brands. The company recorded...

Spanish fashion retailer Industria de Diseño Textil SA (IDEXF.PK) or Inditex reported Wednesday that its nine-month net profit climbed 4% to 2.44 billion euros from last year's 2.34 billion euros. Earnings before interest and tax or EBIT grew 3 percent to 3.07 billion euros from 2.99 billion euros...

Sonic Healthcare Ltd.(SHL.AX, SKHCF.PK) said that it has entered into a binding agreement to acquire Aurora Diagnostics LLC, for US$540 million or A$750 million. In addition, Sonic intends to offer a Share Purchase Plan to raise up to A$100 million by offering eligible shareholders the opportunity...

Australia's Westpac Banking Corp. (WBC.AX, WBK) has been hit by first strike at its annual general meeting despite cutting CEO bonus. The shareholders have revolted against the bank's payments to top executives. More than 63 percent of proxy votes rejected its remuneration report. Chairman Lindsay...

Indonesian low-cost airline Lion Air may scrap a $22 billion worth order for Boeing Co. jets over the US plane maker's response to a jetliner crash that killed 189 people in late October, Bloomberg reported. Rusdi Kirana, the co-founder of Lion Air, in an interview with Bloomberg, expressed anger...

Burger chain McDonald's Corp. (MCD) announced Tuesday a policy to reduce the overall use of antibiotics important to human health, which applies across 85% of its global beef supply chain. According to the World Health Organization or WHO, antibiotic resistance is one of the biggest threats to global...

The Securities and Exchange Commission or SEC announced Tuesday that it has settled charges against natural and organic food company Hain Celestial Group, Inc. (HAIN) with internal controls failures. The SEC did not impose a monetary penalty on the company based upon its extensive cooperation with...

Pacific Gas and Electric Co. or PG&E (PCG) said it has submitted its supplemental report to the California Public Utilities Commission or CPUC about two incidents on its electric system near the Camp Fire. PG&E is also releasing the report publicly. PG&E submitted two Electric Incident Reports or...

SoftBank Group Corp. is planning to sell its stake in Nvidia Corp. (NVDA) early next year as shares in chipmaker continue to slide, the Bloomberg reported, citing people familiar with the matter. The Japanese investor could make about $3 billion in profit from the trade, the report stated. No final...

Berkshire Hills Bancorp Inc. (BHLB) Tuesday said it agreed to buy SI Financial Group Inc. (SIFI) and its subsidiary Savings Institute Bank and Trust Company in an all-stock transaction valued at $180 million. Berkshire's total assets will increase to $13.6 billion including the $1.6 billion in acquired...

Dave & Buster's Entertainment Inc. (PLAY) Tuesday reported a third-quarter profit that trumped Wall Street estimates, driven largely by a double-digit revenue growth. However, shares of the company slipped 16% in extended session after its same-store sales for the three-month period missed expectations. Dallas,...

First Solar Inc. (FSLR) Tuesday issued a guidance for the full year 2019. The company expects earnings to be between $2.25 and $2.75 per share and sales of $3.25 to $3.45 billion Analysts polled by Thomson Reuters currently estimate earnings of $2.65 per share and revenues of $2.96 billion for 2019. Solar...

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