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TOL-052416.jpg Toll Brothers, Inc. (TOL), the nation's leading builder of luxury homes, reported second-quarter net income of $89.1 million, or $0.51 per share, compared to $67.9 million, or $0.37 per share, prior year. Pre-tax income increased to $140.4 million from $86.5 million. On average, 18 analysts polled by...

Fiat Chrysler Automobiles N.V. (FCAU) announced the appointment of Reid Bigland as the Chief Executive of the Alfa Romeo and Maserati brands. Reid is currently the Head of US Sales and the Chief Executive of FCA Canada, positions that he will continue to hold. The company said, Harald Wester, who...

Allied Irish Banks Plc (ALBK.L, AIBYY.PK) reported that its Net Interest Margin or NIM positive momentum continues at 2.09%, up 12bps from 1.97% in full year December 2015. New lending drawdowns increased by 17% as leading market shares in retail and business sectors in Ireland are maintained. The...

Sandoz, a Novartis (NVS) division, announced the European Medicines Agency has accepted its Marketing Authorization Application for a biosimilar to Roche's EU-licensed MabThera (rituximab). Rituximab is a monoclonal antibody that is used to treat non-Hodgkin's lymphoma. Sandoz is seeking approval...

Bank of America Corp. (BAC) is challenging a U.S. Labor Department decision that the lender discriminated against black applicants more than 20 years ago and must make about $1 million in total payments to those individuals, according to reports . The bank reportedly said in a complaint filed Monday...

Facebook Inc. (FB) said that its investigation has revealed no evidence of systematic political bias in the selection or prominence of stories included in the Trending Topics feature. Its data analysis indicated that conservative and liberal topics are approved as trending topics at virtually identical...

Toyota Motor Sales, USA, Inc. announced that it is expanding its recalls involving Takata front passenger air bag inflators. This expansion involves approximately 1.58 million additional vehicles in U.S. The involved vehicles are equipped with a particular type of Takata inflator. According to Takata,...

Groupe SEB said that it signed an agreement with KKR to buy German group WMF, the global leader in professional coffee machines and German leader in cookware. The transaction value is 1.585 billion euros, based on a purchase price of 1.020 billion euros and on 565 million euros of assumed net debt,...

Allergan plc (AGN) said that the Japanese Ministry of Health, Labour and Welfare has approved an additional use for BOTOX Vista (Allergan's botulinum toxin type A product) as a treatment for crow's feet lines (CFL). BOTOX Vista is now indicated for the temporary improvement in the appearance of lateral...

Polycom, Inc. (PLCM) announced that it has received a revised, non-binding proposal from a private equity sponsor that was previously described as "Sponsor 1" in the Registration Statement on Form S-4 filed by Mitel Networks Corp. (MITL, MNW.TO) with the SEC on May 13, 2016. Polycom's Board of Directors...

Nissan Motor (NSANF.PK, NSANY.PK) is considering selling its 41% interest in auto parts maker Calsonic Kansei, with an eye toward using the proceeds to bolster electric vehicle and artificial intelligence R&D, the Nikkei reported. The Japanese automaker plans to solicit a first round of bids in June....

ConAgra Foods Inc. (CAG) said that it has entered into a definitive agreement to sell its Spicetec Flavors & Seasonings business to Givaudan (GVDBF.PK) for about $340 million. The agreement includes the transition of approximately 280 employees as well as facilities in Cranbury, N.J., and Carol Stream,...

The Wall Street Journal reported that J.P. Morgan Chase & Co.'s (JPM) private bank announced internally another round of layoffs affecting nearly 100 employees. The unit shared the news within the bank Monday. The moves, which affect employees in a range of positions and locations, follow previous...

Seqirus, part of CSL Limited (CSL.AX), said that the US Food and Drug Administration has approved Flucelvax Quadrivalent or Influenza Vaccine, the first four-strain, cell culture-derived, inactivated seasonal influenza vaccine for people aged four years and older.FLUCELVAX QUADRIVALENT helps protect...

Stocks are narrowly mixed in quiet dealing Monday morning as Wall Street looked ahead to the Federal Reserve's crucial interest rate decision in June. With earnings season winding down and little economic data to consider, traders are paying close attention to comments from Fed officials. The Fed...

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