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Insulin maker Novo Nordisk A/S (NVO) said it has decided to discontinue all its research and development or R&D activities within inflammatory disorders, while increasing its efforts within diabetes prevention and treatment, obesity and diabetes complications.

FormFactor Inc. (FORM) said that it raised its third quarter revenue outlook. Customer demand across all segments was the main driver for the increase to the company's expected revenue results. It expects revenue for its fiscal third quarter of 2014 to be between $71 million and $75 million, higher...

Bayer HealthCare, an unit of German conglomerate Bayer AG (BYR.L, BAYRY.PK, BAYZF.PK), reported results from the X-VeRT study showing that once-daily Xarelto is an effective and well-tolerated alternative to dose-adjusted vitamin K antagonists or VKAs, such as warfarin in patients with non-valvular atrial...

Sandvik Group (SDVKF.PK, SDVKY.PK), a Swedish tools, service and technical solutions company, Tuesday announced that its unit Sandvik Materials Technology is divesting its distribution business in Australia and New Zealand to Vulcan Steel Ltd., a privately owned steel distributor with operations. The...

Swiss drug maker Novartis AG (NVS) reported that a wealth of new data from its respiratory portfolio would be presented at the European Respiratory Society or ERS International Congress, September 6-10, in Munich, Germany. Totally, 44 abstracts would be presented by Novartis, representing more than any...

Moelis & Co. (MC), an independent investment bank, Tuesday announced the appointment of Eric Cantor, former United States Representative for Virginia's 7th Congressional District and former House Majority Leader, as Vice Chairman and Managing Director. Cantor will also be elected to the Moelis & Company...

Digital security firm Gemalto (GTOFF.PK) Tuesday said it is providing M2M connectivity for SOLARKIOSK, a compact, solar powered station transported onboard a mobile vehicle. This cabin features photovoltaic panels across its roof to generate sustainable energy in areas outside conventional power...

Compuware Corp. (CPWR), a Detroit-based software developer, is close to a deal to sell itself, the Wall Street Journal reported, quoting people familiar with the matter. The company is in advanced talks with a private-equity buyer, and a deal may be announced as soon as Tuesday. While the identity...

Telecom giant AT&T (T) Tuesday said it has turned on the nation's most reliable 4G LTE network in Tullahoma, thus bringing customers the latest generation of wireless network technology. The benefits of AT&T's 4G LTE include faster speeds, reliability, cool new devices, faster response time and more...

Detroit-based software developer Compuware Corp. (CPWR) is close to a deal to sell itself, the Wall Street Journal reported, quoting people familiar with the matter. The company is in advanced talks with a private-equity buyer, and a deal may be announced as soon as Tuesday. While the identity...

Italian eyewear company Luxottica Group S.p.A (LUX) said Monday that Andrea Guerra has stepped down as chief executive officer of the company after serving for almost ten years at the helm. According to media reports, Guerra has stepped down following differences with the company's founder and chairman,...

Ballard Power Systems (BLDP,BLD.TO) announced the appointment of Randall MacEwen to replace John Sheridan as President and Chief Executive Officer, effective October 6, 2014. John Sheridan planned to retire at yearend and will continue to serve as an employee in an advisory capacity and on the Board...

Spanish telecom operator Telefonica S.A. revealed Monday that it plans to exit its 14.8 percent stake in Italian phone carrier Telecom Italia SpA (TI, TIAOF) after it strikes the deal to acquire the Paris-based Vivendi S.A.'s (VIV.L, VIVEF) Brazilian broadband unit Global Village Telecom, S.A. (GVT)....

Dutch paint maker Akzo Nobel NV's (AKZOY, AKZOY.PK) Chief Executive Officer Ton Buechner has been solicited for a potential $7 billion acquisition of car-coatings company Axalta Coating Systems, Bloomberg reported Monday, citing people familiar with the matter. Axalta Coating, a former unit of Chemicals...

Insurance giant American International Group, Inc. (AIG) Monday said that in accordance with the company's succession plan, Peter Hancock has assumed the role of president and chief executive officer of the company, and has joined its board of directors. Hancock succeeds Robert Benmosche, who retired...