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Celgene Corp. (CELG) announced that its board authorized the repurchase of an additional $3 billion of the Company's common stock. In addition, the company plans to enter into an accelerated share repurchase agreement to repurchase an aggregate of $2 billion of the Company's common stock. The planned...

Brady Corp. (BRC) reported that its net earnings for the third quarter ended April 30, 2018 rose to $26.0 million from $22.6 million in the same quarter last year. Earnings per Class A Nonvoting Common Share were $0.49 for the third quarter of fiscal 2018, compared to $0.43 in the same quarter last...

McKesson Corp. (MCK) announced its Board has approved an additional share repurchase authorization of $4 billion, as the company believes that its shares are an attractive investment opportunity and repurchasing stock is an important part of its diversified capital allocation strategy. Fourth-quarter...

Hormel Foods Corp. (HRL), a leading global branded food company, reported that its net earnings attributable to the company for the second quarter of fiscal 2018 rose to $237.38 million or $0.44 per share from last year's $210.93 million or $0.39 per share. Analysts polled by Thomson Reuters expected...

Stage Stores, Inc. (SSI) reported a first-quarter net loss of $31.7 million compared to a loss of $19.0 million, prior year. Loss per share was $1.14 compared to a loss per share of $0.70. First-quarter net sales were $344 million compared to $309 million, a year ago. Comparable sales decreased 2.8%...

Royal Bank of Canada (RY, RY.TO) reported second-quarter net income of C$3.06 billion, up 9% from the prior year with double-digit EPS growth of 11% to C$2.06. The company said its results reflect strong earnings growth in Wealth Management, Personal & Commercial Banking, and Investor & Treasury Services,...

Westfield Corp. (WFGPY.PK, WDC.AX, WEFIF.PK) announced its securityholders approved both the proposed acquisition of Westfield Corporation by UnibailRodamco and the demerger of OneMarket. Westfield announces that each resolution proposed at the Meetings was passed by the requisite majorities. On...

German banking giant Deutsche Bank (DB) announced Thursday its plans to significantly reshape its Equities Sales & Trading business, which will result in the reduction of about 25 percent jobs in this area. With the implementation of its plans, the number of full-time equivalent positions is expected...

Home improvement retailer Kingfisher Plc (KGF.L) reported Thursday that its total group sales were 2.83 billion pounds for the first quarter, down 1.2 percent on a reported basis and down 2.5 percent at constant currency rates. Like-for-like sales fell 4% reflecting unusually adverse weather conditions...

United Utilities Group PLC (UU.L, UUGRY.PK) reported profit before tax of 432.1 million pounds for the year ended 31 March 2018 compared to 442.4 million pounds, previous year. Earnings per share was 51.9 pence compared to 63.5 pence. Underlying profit before tax decreased to 370.2 million pounds from...

Deutsche Telekom AG (DTEGY.PK) announced, on average, revenue is expected to increase by 1 to 2 percent per year in the period from 2017 through 2021, adjusted EBITDA by 2 to 4 percent, and free cash flow by 10 percent. Deutsche Telekom said the dividend for the current financial year, payable in...

Swiss bakery business Aryzta AG (ARZTY.PK, ARZTF.PK) reported Thursday that its third-quarter EBITDA margins are below management expectations. Total Group revenue declined 16.8% from last year to 811.4 million euros, mainly due to the impact of disposals of 8.9% and currency of 6.7%. Group organic...

Chinese PC and mobile maker Lenovo Group Ltd. (LNVGY.PK) reported Thursday that its fourth-quarter profit attributable to shareholders was $33 million, 69 percent lower than last year's $107 million, due to a larger tax credit recorded last year. Basic earnings per share were 0.28 US cents or 2.19...

Kroger Co. (KR) said that it agreed to buy Home Chef, the country's largest private meal kit company. The initial transaction price is $200 million and future earnout payments of up to $500 million over five years are contingent on achieving certain milestones, including significant growth of in-store...

Uber Technologies Inc. is closing down its self-driving vehicle program in Arizona about two months after the state barred it from road-testing the technology when one of its self-driving car struck and killed a pedestrian, according to reports. The report said that Eric Meyhofer, the head of Uber's...

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