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French dairy giant Danone SA (DANOY.PK) Tuesday appointed Emmanuel Faber as Chief Executive Officer, while the current Chairman and CEO Franck Riboud will remain as Chairman of the Board. The change in governance, based on the recommendation of Riboud to separate Chairman and CEO functions, will take...

German department store operator Metro AG (MTAGF.PK, MTTRY.PK) reported selling around 156.62 million ordinary shares indirectly held in the company, being its entire stake in the company, that represents nearly 9% of the firm's total issued ordinary share capital. On May 30, 2012, food wholesaler...

British industrial equipment rental firm Ashtead Group Plc (AHT.L, ASHTF.PK) reported Wednesday a higher profit in its first quarter with strong revenue growth. Noting that its strong performance continued in August, and with a strong balance sheet to support future growth, the company now anticipates...

Generic drugmaker Teva Pharmaceutical Industries Ltd. (TEVA) Wednesday announced that the UK High Court has given a positive judgment in support of Teva's case against British drug maker AstraZeneca (AZN.L, AZN). The case is related to the validity of EP 1,085,877 covering the SMART (Single inhaler...

British industrial equipment rental firm Ashtead Group Plc (AHT.L, ASHTF.PK) posted 33% higher statutory pre-tax profit of 118 million pounds in the first quarter, compared with 97 million pounds last year, with quarterly earnings per share rising to 14.8 pence, from 12.0 pence, reported a year ago. During...

Teva Pharmaceutical Industries Ltd. (TEVA) announced Wednesday that the UK High Court gave a positive judgment in support of Teva's case against AstraZeneca Plc. (AZN.L, AZN) relating to the validity of EP 1,085,877 covering Single inhaler Maintenance And Reliever Therapy or SMART indication for AstraZeneca's...

All Nippon Airways (ANA.L, ALNPF.PK, ALNPY.PK), Japan's largest airline, announced that the company and Lufthansa Cargo AG, an air cargo carrier, will launch a strategic air cargo joint venture on routes between Japan and Europe. The company has received antitrust immunity, i. e. approval for the joint...

German Internet service provider United Internet AG (UDIRF.PK) Wednesday said it signed an agreement with the private equity company Kohlberg Kravis Roberts & Co. L.P. or KKR to acquire the 74.9 percent of shares in cable group Versatel GmbH, Berlin held indirectly by funds managed by KKR, for about...

Swiss drug maker Novartis AG (NVS) announced that new analyses to be presented at the Joint ACTRIMS-ECTRIMS Meeting in Boston, USA from September 10-13, 2014, would add to the growing evidence confirming the importance of redefining treatment goals in multiple sclerosis or MS. The goal of MS treatment...

German Internet service provider United Internet AG (UDIRF.PK) has inked a deal with the U.S. private equity giant Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire the 74.9% of shares in Versatel GmbH, Berlin held indirectly by funds managed by KKR and thus to raise its holding of Versatel shares...

Lenovo (LNVGF.PK, LNVGY.PK) Tuesday announced at the 2014 IFA Consumer Electronics Unlimited show in Berlin, an expanded portfolio of tablets and PCs. The portfolio gives consumers more options for tablets that fit their mobile lifestyle as well as choices of dedicated gaming PCs. The new lineup...

Shares of Concur Technologies Inc. (CNQR) surged in extended trade on Tuesday, after Bloomberg reported that the software firm has explored a sale. The report, quoting people with knowledge of the matter, said the firm approached companies such as SAP SE (SAP) and Oracle Corp. (ORCL) to gauge their...

French luxury and retail group Kering (PPRUY, PPRUF), previously known as PPR, said Tuesday it is looking to strengthen its eyewear business by creating a separate entity that will fully control the eyewear value chain, from design to product development and supply chain, and from branding and marketing...

German clothing maker Hugo Boss AG (HUGSF.PK) Tuesday said it was informed by investment company Red & Black S.A. that it intends to place up to 7.9 million shares of the retailer in an accelerated bookbuilding process. This represents 11.2 percent of the total share capital. Red & Black is majority...

IRADIMED CORP. (IRMD) announced that it received a warning letter from the U.S. Food and Drug Administration relating to an inspection of facility that took place in April 2014. The warning letter, among other things, states that a new submission is required under Section 510(k) of the Food, Drug...