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Ardelyx, Inc. (ARDX) Wednesday said its Phase 2b clinical trial evaluating tenapanor in patients with constipation-predominant irritable bowel syndrome or IBS-C met its primary endpoint of an increase in the complete spontaneous bowel movement responder rate. Secondary endpoints, including abdominal...

Babcock & Wilcox Co. (BWC) said that its board is evaluating the separation of the company's Power Generation Business and Government & Nuclear Operations Business into two publicly traded companies. The company noted that its board's goal is to determine whether a separation creates the opportunity...

Afren Plc. (AFR.L), an Africa-focused oil and gas company that recently suspended its Chief Executive Officer Osman Shahenshah and Chief Operating Officer Shahid Ullah due to an ongoing investigation, Wednesday said an independent review identified no further unauthorised payments and the Board remains...

Ericsson (ERIC) announced it has completed the acquisition of Ambient Corp., a US-based provider of smart grid communications technology for utilities. Ambient will be integrated into Ericsson's Global Services organization. The acquisition increases Ericsson's ability to help utilities maximize their...

Partner Communications Company Ltd. (PTNR), an Israeli mobile communications operator, announced Wednesday the appointment of Issac Benbenisti as the company's deputy CEO. Benbenisti will commence his office on November 2. The company noted that Benbenisti is joining the firm after having served for...

German sports goods giant Adidas AG (ADDYY.PK, ADDDF.PK) Wednesday said that with approval of the Supervisory Board, its Executive Board resolved to return up to 1.5 billion euros in total to the firm's shareholders over the next three years, primarily in the form of share buybacks. In addition,...

UBM Plc. (UBM.L, UBMJF.PK), an events-led marketing and communications services provider, Wednesday announced that it has proposed to buy US rival VSS-AHC Consolidated Holdings Corp., also known as Advanstar Communications, for a total cash consideration of $972 million or 599 million pounds. The company...

Nanoco Group Plc. (NANO.L), a developer and manufacture of cadmium-free quantum dots and other nanomaterials, announced the appointment of Keith Wiggins in the newly created role of Chief Operating Officer. Keith joins the Company, and Nanoco's Board, with immediate effect. Keith began his career...

Constellium N.V. (CSTM) said it was granted an additional contract to supply can stock to beverage can maker Rexam PLC (REX.L, REXMY.PK). Pursuant to this agreement, Constellium would support Rexam's decision to convert all the can production lines of their two Spanish plants, La Selva and Valdemorillo,...

Diageo plc (DGE.L, DEO) issued a summary of the board appointments announced by United Spirits Limited after its annual general meeting held on 30 September 2014. Diageo is the majority shareholder in USL with a 54.78% interest and continues to be entitled to appoint its nominees to the roles of CEO...

J Sainsbury Plc (JSAIY.PK, SBRY.L), the parent company of British supermarket chain Sainsbury's Supermarkets Ltd., Wednesday said its second-quarter total retail sales declined by 0.8 percent, excluding fuel, and down 2.3 percent, including fuel. On a like-for-like basis, quarterly sales dropped by 2.8...

WS Atkins plc (ATK.L) said that it acquired Houston Offshore Engineering, LLC or "HOE", a oil and gas offshore engineering business based in Houston, Texas, for $73 million or approximately 45 million pounds. HOE has specialist experience in the design of offshore deepwater floating production platforms...

Telefonica SA's (TDE.L, TEF) Telefonica Deutschland has completed the acquisition of Dutch Telecom operator Royal KPN NV's (KPN, KKPNY.PK, KKPNF.PK) German mobile telecom business the E-Plus Group. With the European Commission confirming clearance and the capital increase being successfully completed,...

Telefónica Deutschland Holding AG (TDE.L, TEF) announced it has completed the acquisition of the E-Plus Group. The European Commission has confirmed clearance and the capital increase has been successfully completed. E-Plus will be a 100 percent subsidiary of Telefónica Deutschland. The Management Board...

Lenovo Group Ltd. (LNVGF.PK, LNVGY.PK) and IBM (IBM) said they have completed the initial closing for Lenovo's acquisition of IBM's x86 server business under the terms described September 29. Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated...