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United Continental Holdings Inc.'s (UAL) Chief Executive Officer is giving up his bonus and its chairman is stepping aside. The airline said in a regulatory filing that its Chief Executive Officer Oscar Munoz asked the board not to award him the payout for 2017. Chairman Robert Milton, a former Air...

Apple Inc. appointed a new leader for its business in South Korea. Brandon Yoon, a veteran Microsoft Corp. executive and most recently a vice president at Samsung Electronics Co., joined this month as general manager of Apple Korea, according to reports. In the days leading up to the iPhone X launch...

Eli Lilly and Co. (LLY) and Incyte Corporation (INCY) said that the U.S. Food and Drug Administration's Arthritis Advisory Committee recommended approval of the 2-mg dose of baricitinib, a once-daily oral medication for the treatment of moderately-to-severely active rheumatoid arthritis or RA for adult...

Crane Co. (CR) increased 2018 full year GAAP EPS guidance to a range of $4.75-$4.95, compared to the prior range of $4.65-$4.85. The company now expects 2018 EPS, excluding special items, of $5.45-$5.65, compared to the prior range of $5.35-$5.55. The company said its full year 2018 free cash flow is...

Trimble (TRMB) announced a definitive agreement to acquire privately-held Viewpoint from Bain Capital in an all-cash transaction valued at $1.2 billion. The purchase price is expected to be funded through a combination of cash on hand and new indebtedness. Viewpoint is a provider of scalable construction...

Canadian National Railway Co (CNR.TO, CNI) announced, due to weaker than expected Revenue ton-miles (RTMs) in the first quarter and a longer than anticipated construction period needed for significant infrastructure capacity projects in 2018, the company now aims to deliver 2018 adjusted EPS in the range...

New York Attorney General Eric Schneiderman announced the 10-year state prison sentence of Antwan Lockhart, who supplied drugs to a trafficking ring that distributed cocaine and heroin throughout Onondaga, Oswego, Madison, St. Lawrence, and Cortland Counties. Lockhart was charged as part of "Operation...

French real estate company Unibail-Rodamco SE (UNBLF, UNRDY), Monday reported first-quarter turnover of 535.7 million euros, up 1.3 percent from 528.6 million euros from a year ago. The Shopping Centre turnover grew by 4.2 percent to 375.9 million euros. The growth was driven largely by like-for-like...

Schneider Electric has announced a voluntary recall of about 1 million square D safety switches due to a potential electrical shock hazard. The recall involves Square D brand General Duty 30 & 60A, 120/240-volt, 2-phase and 3-phase NEMA 3R safety switches. The switches are a dark gray metal box with...

French tire maker Michelin Cie Des Estb (MGDDY.PK, MGDDF.PK) reported that its net sales for the first quarter of 2018 dropped 6.3 percent to 5.218 billion euros from 5.567 billion euros. The company said it recorded slight decline in the Passenger car, Light truck and Truck tire markets. The strong...

The European Commission said it has opened an in-depth investigation to assess whether Italy's bridge loan to Alitalia totalling 900 million euros constitutes State aid and whether it complies with EU rules for aid to companies in difficulty. Alitalia is an Italian airline owned by the consortium...

The European Union has opened an in-depth investigation into Apple Inc.'s (AAPL) acquisition of music recognition app Shazam. The European Union set a September 4 deadline to investigate concerns that buying Shazam would give Apple access to commercially sensitive data about users of rival music-streaming...

UD Trucks, a Japanese subsidiary of Swedish truckmaker Volvo (VOLVY.PK), said it plans to introduce electric and autonomous trucks within the next two years. Over the course of 2018, UD Trucks will conduct demonstrations of autonomous driving and electric drive prototypes, targeting field tests and...

McDermott International Inc. (MDR) and CB&I (CBI) said that, following the closing of the combination, the combined company intends to retain the name McDermott. The combination is expected to close in May 2018. It remains subject to customary conditions, including approval by McDermott's and CB&I's...

McDermott International, Inc. (MDR) confirmed its Board rejected an unsolicited, non-binding proposal received from Subsea 7 S.A. to acquire all of the outstanding shares of McDermott common stock for $7.00 per share, payable entirely in cash or up to 50 percent in Subsea 7 stock and the balance in cash....

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