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The Generali Group (GDEUF.PK, GE1G) reported that the Group aims for a cumulative net free cash flow generation of more than 7 billion euros by 2018. Cumulative dividend by 2018 will amount to over 5 billion euros, the Group said. Generali commits to maintain, over the cycle, an Operating Return on Equity...

Investment banking advisory firm Evercore (EVR) Wednesday reported the acquisition of Kuna & Co. KG, the Frankfurt-based investment banking advisory boutique, and the appointment of Walter Kuna as Senior Managing Director of Evercore's German advisory business. Walter Kuna founded Kuna & Co. in 2004...

French oil giant Total SA (TTA.L, TTFNF.PK, TOT) Wednesday said it has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become the company's...

Caledonia Investments Plc. (CLDN.L) reported that its profit for the year ended 31 March 2015 increased to 207.7 million pounds, from 183.1 million pounds in the previous year. Earnings per share rose to 371.1 pence from 327.4 pence in the prior year. Profit before tax was 204.5 million pounds, up...

International Consolidated Airlines Group S.A. (IAG.L, BAIRY.PK, BAY.L) Wednesday said it has reached agreement on the terms of a recommended cash offer with Aer Lingus Group Plc. (AERL.L). The Government of Ireland supports the offer and the Minister for Finance of Ireland has confirmed that the...

Rolls-Royce Holdings plc (RYCEF.PK, RR.L, RYCEY.PK) announced it has received an order, valued at approximately 80 million euros, from General Dynamics European Land Systems for the delivery of 589 MTU Series 199 diesel engines for use in the new SCOUT Specialist Vehicle for the British Army. The...

Nordic Nanovector ASA (NANO.OL), a developer of novel targeted therapeutics in haematology and oncology, reported Wednesday that its first-quarter net loss attributable to owners of the company was 33.69 million Norwegian kroner, wider than last year's 11.35 million kroner. Loss per share was 1.18 kroner,...

Novartis (NVS) said that it will highlight the strength of its expanded oncology portfolio in 21 medicines and 11 investigational compounds across more than 185 data presentations at the upcoming American Society of Clinical Oncology (ASCO) Annual Meeting, May 29-June 2, and the Congress of the European...

Coalspur Mines Limited (CPL.AX, CPT.TO) Wednesday announced that a termination and mutual release agreement that cancels the port agreements between Coalspur and Ridley Terminals Inc. has been executed between Coalspur, Ridley Terminals and KC Euroholdings S.à r.l. or KCE. Coalspur Mines' agreement...

Inovio Pharmaceuticals Inc. (INO) said Wednesday that it will advance its DNA vaccine for MERS or Middle East Respiratory Syndrome into a phase I clinical trial in healthy volunteers in a collaboration with GeneOne Life Science Inc., an international DNA vaccine developer and manufacturer in which Inovio...

Dutch supermarket chain Koninklijke Ahold NV (AHONY.PK, AHODF.PK) Wednesday said its first-quarter attributable net income surged to 213 million euros from 50 million euros reported last year. Earnings per share soared to 0.26 euro from 0.05 euro. Sales climbed 14.9 percent to 11.289 billion euros...

A fire broke out at Apple Inc.'s factory in Mesa, Arizona, on Tuesday afternoon and was put out in about half-an-hour. The blaze is said to have started on the roof of the over 1.3 million-square-foot building near a loading dock, and damaged roof-mounted solar panels. While a dozen people were...

Chinese personal-computer maker Lenovo (LNVGF.PK, LNVGY.PK) Wednesday unveiled three new consumer laptops in advance of Lenovo Tech World, the company's first exclusive global technology innovation event in Beijing. According to the company, the new Lenovo Z41, Lenovo Z51 and the ideapad 100 laptops...

Vox Media will acquire Revere Digital, parent company of the technology-news website and conference business Re/code, less than 18 months after the site's launch. Vox Media said that Re/code, the technology business news organization founded by Kara Swisher and Walt Mossberg, will join the company. Vox...

General Electric Co. (GE) said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter. Quoting the people, the report said that no deal has been reached yet with Toronto-based...

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