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Xcite Energy Ltd.'s (XEL.L, XEL.V) shares increased around 3 percent in London trading after the company announced Monday that its unit Xcite Energy Resources plc, has entered into a Memorandum of Understanding or MOU with Oilfield services provider Baker Hughes Inc. (BHI). The MoU sets out the principles...

Cegedim, a global technology and services company specializing in the healthcare field, said that a definitive purchase agreement has been executed for its CRM and Strategic Data division with IMS Health Inc. for a cash price of 385 million euros. The signing comes after the group successfully informed...

Yahoo! Inc.'s (YHOO) chief Executive Officer Marissa Mayer is expected on Tuesday to outline cost-cutting efforts and give new details about how the company is evaluating possible acquisitions as the company faces pressure from Starboard Value LP, according to reports. Mayer will announce the company's...

Daisy Group plc (DAY.L) Monday said it agreed with a consortium comprising of Toscafund Asset Management, Penta Capital, and Daisy CEO Matthew Riley that Chain Bidco plc, a new company owned indirectly by the buyers, will acquire the entire issued and to be issued share capital of Daisy. Daisy shareholders...

Evogene Ltd. (EVGN), an Israeli plant genomics company, Monday announced the signing of a joint research agreement with the Brazilian Agricultural Research Corp. or Embrapa. Under the deal, Evogene's unit Evofuel Ltd. signed the joint research agreement for the advancement of castor cultivation in...

Elbit Systems Ltd. (ESLT) announced that, based upon an initial review of the elements comprising the company's third quarter 2014 results, the company anticipates an extraordinary level of finance expenses for the quarter. The increase in finance expenses resulted primarily from the accelerated depreciation...

VimpelCom Ltd. (VIP), an Amsterdam -based provider of telecommunications services, Monday announced that its 51.9 percent owned unit Global Telecom Holding S.A.E. has sold its entire stake in Telecel Globe Limited. for $65 million. Telecel Globe owns each of U-COM in Burundi and Telecel CAR in Central...

Swedish home appliances company Electrolux AB (0MDT.L, ELUXY, ELUXF), which is in deal to buy General Electric Co.'s (GE) Appliances business, Monday reported that its income for the third quarter climbed to 933 million Swedish kroner or 3.26 kroner per share from last year's 656 million kroner or 2.29...

Apricus Biosciences, Inc.(APRI) on Monday said it has licensed the U.S. development and commercialization rights for fispemifene, an investigational treatment for urological conditions in men, from Forendo Pharma, a private therapeutics company. Under the deal, Forendo received an upfront license fee...

Sanofi (SNY, SAN) and Regeneron Pharmaceuticals, Inc. (REGN) Monday announced the start of the phase 3 trial for dupilumab on patients with atopic dermatitis or eczema. Primary objective of Liberty Ad Chronos, first trial of the phase 3 study, is to demonstrate the efficacy of the drug in adults...

Irish drug company Shire Plc (SHP.L, SHPG), which was the takeover target of US-based AbbVie Inc. (ABBV), Monday announced that James Bowling, Interim Chief Financial Officer, has notified the Board of Directors of his decision to step down from his current role. He will pursue a new career opportunity...

German department store operator Metro Group's (MTAGF.PK, MTTRY.PK) reported sales came in at 63.0 billion euros during the financial year 2013/14. Adjusted for the disposal of company operations, mainly Real's complete Eastern European business, sales were down by 1.1% year-over-year. Further, exchange...

MorphoSys AG (MPSYY.PK) announced it has received a milestone payment from Novartis in connection with the initiation of a Phase 1 clinical trial of a HuCAL antibody in the field of diabetic eye diseases. The official start of the clinical trial is pending final approval by regulatory authorities in...

Royal Philips (PHGFF.PK, PHG) reported a third-quarter loss from continuing operations of 92 million euros, compared to net income from continuing operations of 270 million euros, prior year. Net loss per share to shareholders was 0.11 euros, compared to profit of 0.31 euros. The Group said the year-on-year...

German business software maker SAP SE (SAP) Monday said third-quarter profit attributable to owners of parent rose to 880 million euros from 762 million euros in the previous year. Earnings per share advanced to 0.73 euro from 0.64 euro. The results are on the basis of IFRS. Total revenue grew 5 percent...