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ABN AMRO said that its Supervisory Board proposes to appoint Tom de Swaan to the Supervisory Board for a period of four years. Upon approval by the General Meeting, the Supervisory Board will appoint Tom de Swaan as Chairman of the Supervisory Boards of ABN AMRO Group N.V and ABN AMRO Bank N.V. The appointment...

CAE Inc. (CAE.TO, CAE) reported fourth-quarter net income attributable to equity holders from continuing operations of C$100.1 million or C$0.37 per share compared to C$67.4 million or C$0.25 per share, or C$82.4 million or C$0.31 per share before specific items last year. This represents a 19% EPS increase...

Raytheon Co (RTN) announced Friday that the U.S. Army has awarded the company a $395.8 million contract for production of Romania's Patriot Air and Missile Defense System. The contract calls for Raytheon to build Romania's first brand-new Patriot fire unit. Raytheon has already ordered thousands...

SIA and First Data Corp. (FDC) have signed an agreement for SIA to acquire First Data's card processing businesses in parts of Central and Southeastern Europe for 375 million euros. These businesses are primarily located in 7 countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia. The...

The Bayer Group (BAYZF.PK, BAYRY.PK, BYR.L) confirmed its currency-adjusted outlook for fiscal 2018. The Group noted that this outlook does not take account of the imminent closing of the Monsanto acquisition. The company continues to anticipate a low- to mid-single-digit percentage increase in sales...

AstraZeneca PLC (AZN.L, AZN) and MedImmune, its global biologics research and development arm, announced positive overall survival results for the Phase III PACIFIC trial, a randomised, double-blinded, placebo-controlled, multi-centre trial of Imfinzi (durvalumab) in patients with unresectable Stage...

Alexion Pharmaceuticals, Inc. (ALXN) announced Friday that its offer for Sweden-based Wilson Therapeutics AB has been declared unconditional. The company noted that shareholders representing 97.7 percent of the total number of shares and votes have accepted the offer. The acquisition has also been approved...

IKEA on Thursday said it has recalled about 4,900 SLADDA bicycles due to risk of falling. The recall involves IKEA 26 inch and 28 inch SLADDA bicycles. The recalled bicycles are a light grey and have an aluminum frame. According to the company, the bicycle belt can break, posing a fall hazard. IKEA...

William Ackman's hedge fund Pershing Square Capital Management LP has reportedly taken about $1 billion stake in Lowe's Co.(LOW), as the activist investor expects the retailer to improve under new CEO Marvin Ellison. According to WSJ, Pershing Square has built a stake in the home-improvement chain...

Ride-sharing company Lyft announced its plans to invest $100 million in to its driver support centers. The company expects to support its drivers through these support center, which would offer cheaper oil changes, basic car maintenance, serviced car washes and more. Lyft will also double its operating...

Shares of Universal Corp. (UVV) have moved sharply higher during trading on Thursday, soaring by 28.5 percent.

After coming under pressure early in the session, shares of Hormel Foods (HRL) have climbed off their worst levels of the day but remain negative in late-day trading on Thursday.

Drug giant Pfizer Inc. (PFE) has agreed to pay $23.85 million to settle allegations that that it used a foundation as a conduit to pay the copays of Medicare patients taking three Pfizer drugs, in violation of the False Claims Act, the Justice Department announced Thursday. Under the Anti-Kickback...

Shares of Deutsche Bank (DB) have moved notably lower during trading on Thursday, slumping by 4.4 percent.

Bluefin has recalled about 3,000 wireless phone chargers due to risk of burn. The company has recalled its wireless smart phone chargers with model number AC16B printed on the bottom. The recalled chargers are circular and have clear edges and a white plastic center with black trim. The company says...

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