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British drug maker AstraZeneca (AZN.L, AZN) Tuesday announced an agreement with its U.S. peer Eli Lilly and Co. (LLY) to jointly develop and commercialise BACE Inhibitor AZD3293, which is currently in development as a potential treatment for Alzheimer's disease. Under the deal terms, Lilly will pay...

Bayer HealthCare, a subsidiary of German conglomerate Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L), and Finland-based Orion Corp. have initiated Phase III trial with ODM-201, an investigational novel oral androgen receptor inhibitor in clinical development for the treatment of prostate cancer. The trial, called...

ING Group (ING) said Hans van der Noordaa, member of the Management Board Banking will become the Chief Executive Officer or CEO of Delta Lloyd N.V. as of 1 January 2015. He will therefore step down from the Board per 1 October 2014. The company said Hans van der Noordaa was appointed to the Executive...

VimpelCom Ltd. (VIP) and Global Telecom Holding S.A.E. (ORSTF) have agreed to sell all of their debt and equity stake in the Globalive group of companies in Canada to Globalive Capital, the controlling shareholder of Wind Canada and to certain investment funds for nearly C$135 million. The proceeds...

AstraZeneca plc (AZN, AZN.L) and Eli Lilly and Co. (LLY) announced that they reached a deal to jointly develop and commercialise AZD3293, an oral beta secretase cleaving enzyme or BACE inhibitor currently in development as a potential treatment for Alzheimer's disease. As per the terms of the deal,...

Tour operator Thomas Cook Group Plc (TCKGY.PK, TCG.L) said its successful transformation continues, and its fiscal 2014 operational performance is expected to show material improvement on last year, in spite of the recent downturn in consumer confidence in Germany. For fiscal 2014, the firm expects...

Nicox S.A. (NICXF.PK, COX.PA), an ophthalmic company, Tuesday announced that it has agreed to acquire Doliage, a privately-held French ophthalmic company, for 5 million euros in newly-issued Nicox shares. The acquisition provides Nicox with an established and profitable ophthalmic business in France,...

Pershing Square Capital Management, L.P. and Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) announced an agreement with Allergan, Inc. (AGN) to settle pending litigation before the Delaware Court of Chancery. Allergan has agreed to unconditionally call and hold a special meeting of its shareholders...

LMI Aerospace, Inc. (LMIA), a supplier of structural assemblies, kits and components, late Monday announced that its unit Tempco Engineering, Inc. has been awarded by Northrop Grumman Corp. (NOC) as a Platinum Source Preferred Supplier. Northrop Grumman's Aerospace Systems sector recognized 74 companies...

SBM Offshore N.V. (SBFFY.PK), a dutch provider of floating production solutions to the offshore energy industry, Tuesday said it has signed a Production Handling Agreement or PHA with Noble Energy Inc. (NBL) to produce the Big Bend and Dantzler fields to the Thunder Hawk DeepDraft Semi located in 6,060...

Oilfield services provider Technip SA (TNHPF.PK, TKPPY.PK) Tuesday said it was awarded by The Bahrain Petroleum Co. or BAPCO a significant contract on a reimbursable basis to develop the Front-End Engineering Design or FEED of the refinery located in the Kingdom of Bahrain. The FEED contract covers...

Amarin Corp. Plc (AMRN), a cardiovascular health-focused biopharmaceutical company, Tuesday announced its continued commitment to completing the ongoing REDUCE-IT (Reduction of Cardiovascular Events with EPA - Intervention Trial) cardiovascular outcomes study. Amarin said it has always been scientifically...

Startup Institute, an immersive career accelerator, Tuesday announced a partnership with Silicon Valley Bank, the California bank subsidiary and the commercial banking operation of SVB Financial Group (SIVB). The company also announced an investment by SVB Financial of $3 million in the company to support...

Automaker General Motors Co. (GM) would pay compensation for 19 deaths linked to a faulty ignition switch, more than the 13 deaths the automaker had previously admitted, reports said Monday. An independent compensation administrator hired by the company expects this figure to climb. Kenneth Feinberg,...

Comerica Inc. (CMA) Monday announced results of its Dodd-Frank Act Mid-year Stress Tests, which projected Tier I Common Ratio of 9.4 percent, compared to 10.6 percent at the end of the first quarter. The firm said it remains well capitalized throughout the forecast horizon. In the DFAST BHC Severely...