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danske-bank-ceo-091918.jpg Danske Bank A/S's Chief Executive Thomas Borgen resigned on Wednesday after the Danish lender announced the results of an internal probe relating to a money-laundering scandal in its branch in Estonia that involved payments of about 200 billion euros. Danske Bank said its investigation covered about 15,000 customers and a total of around 9.5 million payments through the branch.

Kelly Services Inc. (KELYA, KELYB) announced the retirement of Terence Adderley as chairman of the board. The board of directors elected Lead Director Donald Parfet, to be its next chairman of the board, effective September 17, 2018. George Corona will continue as president and chief executive officer...

Genuine Parts Co. (GPC) on Wednesday announced industrial and automotive acquisitions for both its Industrial Group, Motion Industries, and its U.S. Automotive Parts Group. Motion Industries has agreed to acquire Hydraulic Supply Company or HSC, with an effective close date of October 1, 2018. Sunrise,...

Molecular Templates Inc. (MTEM) said that it reached an agreement with Takeda Pharmaceutical Company Limited (TKPYY.PK) to develop CD38-targeted engineered toxin bodies or ETBs for the treatment of patients with diseases such as multiple myeloma. The lead development candidate is a CD38-targeted ETB...

X Financial, a technology-driven personal finance company in China, said Wednesday it has priced its initial public offering of 11 million American Depositary Shares or ADSs at $9.50 per ADS. Each ADS represents two Class A ordinary shares. The total offering size is about $104.5 million, assuming...

GEA Group AG (GEAGF.PK, GEAGY.PK), a technology provider for food processing industry, Wednesday said it appointed Stefan Klebert as CEO, to replace Jürg Oleas, who will be leaving the company in February 2019, following completion of the fiscal year 2018. Stefan Klebert will be named to the company's...

Prudential Financial, Inc. (PRU) announced that its Board has approved the appointment of Scott Sleyster to executive vice president and chief operating officer, International Businesses of Prudential, and Ken Tanji to executive vice president and chief financial officer. Nandini Mongia, currently CFO...

AutoNation, Inc. (AN) announced that Mike Jackson, Chairman, CEO and President, has extended his contract with the company as Executive Chairman. The company also announced that the Board has retained the executive search and leadership advisory firm, Spencer Stuart, to support the CEO succession process....

Thomson Reuters Corp. (TRI.TO, TRI) announced that it has commenced a cash tender offer for up to an aggregate principal amount of approximately $650 million of debt securities, conditional upon the closing of the company's previously announced sale of a 55% interest in its Financial & Risk business...

The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc (JSAIY.PK, SBRY.L) and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase...

Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) announced it has made a final build decision to invest NOK 1.4 billion at Husnes to upgrade and start-up the plant's second production line, which will double the plant's aluminium production. In the restart of the line, which was shut down in 2009, the company...

Danske Bank A/S (DNSKY.PK) announced that Thomas Borgen, CEO, has informed the Board that he wishes to resign from his position in connection with Danske Bank's presentation of the conclusions of the investigations into the matters in Estonia. He will continue in his position until a new CEO has been...

WABCO Holdings Inc. (WBC) announced it has signed a strategic agreement with RIO, the digital brand of TRATON GROUP. RIO will leverage WABCO's advanced Fleet Management Solutions within its cloud-based connectivity environment to support the European logistics industry. WABCO's advanced FMS solutions...

Mastercard announced a multi-year partnership with Riot Games to become the first global sponsor for League of Legends esports, the largest esport in the world. This first-of-its-kind global agreement signifies Mastercard's support of the esports community and further diversifies the technology company's...

As per media reports, Coca cola, Nestle, and Unilever are the forerunners for the Horlicks unit of Glaxo (GSK.L, GSK) India. Kellog's and Reckitt Benckiser have reportedly decided to not take part in the bidding. The nutrition business is currently owned by GlaxoSmithKline Consumer Healthcare, Indian unit of GSK.

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