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Oscilloquartz, an ADVA Optical Networking company, Monday said it has acquired Time4 Systems to help it capitalize on new synchronization opportunities. Based in Finland, Time4 Systems produces SFP-based pluggable clock devices that drive synchronization deeper into the access network. The acquisition...

MailUp S.p.A. Monday announced the acquisition of 70 percent of Acumabmail SL, with the option to acquire the remaining 30 percent of the company three years after signing the agreement. The acquisition is of strategic nature and does not have a relevant financial impact. Acumbamail is a leading company...

Suzuki Motor Corp. (SZKMY.PK) reported first-quarter net income attributable to owners of the parent of 31.7 billion yen compared to 37.5 billion yen, a year ago. Earnings per share was 56.50 yen compared to 66.88 yen. Operating income was 55.16 billion yen compared to 50.92 billion yen, prior year....

Isis Pharmaceuticals, Inc. (ISIS) Monday announced a strategic collaboration with British drug major AstraZeneca Plc (AZN.L, AZN) to discover and develop antisense therapies for cardiovascular, metabolic and renal diseases. AstraZeneca will pay an upfront fee of $65 million to Isis Pharma plus development...

Nice Systems (NICE) agreed to sell its Physical Security business unit to technology investment firm Battery Ventures for a total consideration of up to $100 million, comprising of $85 million in cash and up to additional $15 million based on future performance. Nice's Physical Security business unit...

Commerzbank (CRZBY.PK) reported that its first-half profit to shareholders more than doubled to 646 million euros from 300 million euros, previous year. Earnings per share was 0.55 euros compared to 0.26 euros. Operating profit was 1.07 billion euros compared to 581 million euros, last year. Revenues...

Finnish network equipment maker Nokia Corp. (NOK) Monday announced an agreement to sell its HERE digital mapping and location services business to a consortium of leading automotive companies, comprising AUDI AG, BMW Group and Daimler AG. The transaction values HERE at an enterprise value of 2.8 billion...

Swiss drug maker Novartis AG (NVS) announced that it has completed the divestiture of its influenza vaccines business, including influenza vaccines development pipeline, to Australian specialty biopharmaceutical company CSL Ltd. (CSL.AX) in a deal valued at $275 million, effective July 31, 2015. The...

Telecom giant AT&T (T) Monday said it would deliver the first-ever nationwide package of TV and wireless services - all from a single provider on one bill, with special discounts - beginning August 10. The offer includes HD and DVR service for up to four TV receivers, unlimited talk and text for...

BMO Financial Group (BMO.TO, BMO) Monday announced the appointment of Monique Chan as CEO, BMO Private Bank Asia. She will assume her new role with BMO Private Bank Asia on August 3. In this role, Monique Chan will be responsible for growing BMO's private banking business in Asia and building strong...

HSBC Holdings Plc. (HSBA.L, HSBC) said early Monday that its first-half profit before tax grew to $13.628 billion from $12.340 billion reported last year. Adjusted profit before tax rose 2 percent, driven by a strong performance in Asia. Total operating income advanced to $39.793 billion from $38.226...

Oilfield services provider Halliburton Co. (HAL) said Sunday that it received a request from the European Commission for additional information about its proposed acquisition of smaller peer Baker Hughes Inc. (BHI). In November 2014, Halliburton had agreed to acquire smaller peer Baker Hughes in a...

Arch Coal Inc (ACI) on Sunday responded to the U.S. Environmental Protection Agency's final "Clean Power Plan" rule that aims to curb greenhouse gas emissions from fossil fuel power plants. In a statement, Arch Coal said, ""The Administration seems increasingly desperate to salvage an ill-advised...

ON Semiconductor Corp (ON) on Sunday reported second-quarter net earnings of $50.7 million or $0.12 per share compared with $94.1 million or $0.21 per share last year. Excluding items, adjusted earnings for the quarter were flat at $0.22 per share. Revenues for the quarter were $880.5 million compared...

Iran has plans to acquire up to 90 planes annually from Boeing (BA) and Airbus upon the lifting of trade sanctions by Western countries, the Islamic nation's state news agency IRNA is reported to have said, quoting an aviation official. The plans to acquire the planes follows last month's landmark...

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