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French electric utility EDF (EDFEF.PK) Tuesday reported 9-month sales of 49.592 billion euros, up 7.2% from 46.245 billion euros last year. On an organic basis, sales were up 5.3%. Each segment contributed to the growth's sales. The France - Generation and supply activities segment had the most significant...

Qorvo Inc. (QRVO), a supplier for Apple Inc. (AAPL), Tuesday cut its third-quarter forecast for profit and revenue, becoming the latest supplier for the iPhone maker to have lowered its outlook due to lower demand from a major customer. Adjusted earnings for the third quarter is now expected to be...

The U.S. Food and Drug Administration has issued a warning to StemGenex Biologic Laboratories LLC for illegally marketing an unapproved cellular product manufactured in a facility with significant manufacturing violations, which puts patients at risk. FDA has warned StemGenex, its owner/manager Rita...

Apple Inc. (AAPL), the first company to reach $1 trillion market valuation, has lost the coveted status after its stock slipped further after couple of iPhone suppliers cut their outlook, which saw the tech giant lose $190 billion of its valuation. Shares of Apple dropped after two key suppliers for...

Baxter International Inc. (BAX) announced a quarterly cash dividend and an expanded authorization for its share repurchase program. The Board of Directors of Baxter has declared a quarterly cash dividend of $0.19 per share of common stock, payable on January 2, 2019, to stockholders of record as of...

flipkart-ceo-111318.jpg Retail giant Walmart Inc. and its India-based e-commerce site Flipkart said Tuesday that Binny Bansal has resigned as chief executive officer of Flipkart Group, effective immediately. Bansal's decision to step down follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of "serious personal misconduct." Bansal has strongly denied the allegation.

BGC Partners Inc. (BGCP) said that its board has approved the distribution of all of the shares of Newmark Group Inc. (NMRK) held by the Company to stockholders of BGC. The Company will distribute these Newmark shares through a special pro rata stock dividend. The Spin-Off will be effective as of...

ProPetro Holding Corp. (PUMP) said that it reached an agreement with affiliates of Pioneer Natural Resources Co. (PXD) by which ProPetro will become a strategic long-term service provider to Pioneer providing pressure pumping and related services for a term of up to 10 years. As per the agreement,...

Johnson Controls International plc (JCI) said that it agreed to sell its Power Solutions business to Brookfield Business Partners L.P. (BBU) together with institutional partners including Caisse de dépôt et placement du Québec in a cash transaction valued at $13.2 billion. Net cash proceeds are expected...

Baker Hughes, a GE company (BHGE) said Tuesday that General Electric Co. (GE), the selling stockholder, has commenced a secondary offering of 92 million shares of BHGE Class A common stock, par value $0.0001 per share. The underwriters will have a 30-day option to purchase up to an additional 9.2...

Baker Hughes, a GE company (BHGE) and General Electric Co. (GE) jointly said Tuesday that they have entered into a series of long-term agreements that amend the commercial and technological relationships between the two companies. The agreements focus on long-term collaboration on critical rotating...

Shire plc (SHPG, SHP.L) announced the U.S. FDA has accepted for filing the supplemental new drug application to extend the indication of GATTEX (teduglutide) for Injection to pediatric patients with Short Bowel Syndrome who are dependent on parenteral support. GATTEX is a prescription medicine indicated...

JetBlue Airways Corp. (JBLU) said that its traffic in October 2018 increased 9.5 percent from the year-ago period, on a capacity increase of 8.9 percent. The airline said its October traffic increased to 4.06 billion revenue passenger miles or RPMs from 3.70 billion RPMs in the same period last year. The...

National Vision Holdings Inc. (EYE) reported that its net income for the third-quarter was $5.8 million compared to net income of $1.5 million for the third quarter of 2017. Earnings per share was $0.07 compared to $0.03 per share for the third quarter of 2017. Adjusted net income increased 57.7%...

D.R. Horton, Inc. (DHI) announced the acquisition of Westport Homes, a homebuilder in Indianapolis and Fort Wayne, Indiana, and Columbus, Ohio. D.R. Horton also acquired control of approximately 3,200 lots through option contracts. D.R. Horton expects to pay approximately $190 million in cash for the...

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