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German utility RWE AG (RWEOY.PK) announced Tuesday the launch of tender offer for hybrid bonds. The offer includes 550 million euros Subordinated Notes with a First Call Date in 2025 for a purchase price of 103.45 percent of the principal amount, and $500 million Subordinated Notes with a First Call...

ABB announced the company and Northvolt have signed a Memorandum of Understanding for a supply and technology partnership, including products and services for Northvolt's lithium-ion battery factory and collaboration on development of battery solutions and R&D activities. ABB Technology Ventures will...

Alvogen's private equity owners including CVC Capital Partners are exploring options for the generic pharmaceutical company, which could be valued at about $4 billion, Bloomberg reported, citing people familiar with the matter. As per the report, the drugmaker's controlling shareholders, including...

RSA Insurance Group plc (RSANY.PK, RSA.L, RSA) reported that trading results for the third quarter to date have been positive, consistent with prior trends, across the company with the exception of the UK business segment. The Group noted that catastrophe losses from the US, Caribbean and Mexico...

Thomas Cook Group plc (TCKGY.PK, TCG.L) announced that Group CFO Michael Healy has decided to retire. The Board has appointed Bill Scott, currently Director of Financial Reporting, as Michael's successor. Bill will assume the role of Group CFO and be appointed as an Executive Director on the Board on...

German real estate firm Deutsche Wohnen AG (DWHHF.PK) announced Tuesday the launch of new convertible bond offering of 800 million euros due 2026. The company also announced the repurchase of outstanding 400 million euros convertible bonds due 2021. In a statement, the company said its management...

United Utilities Group plc (UU.L, UUGRY.PK) reported that its current trading is in line with the group's expectations for the six months ending 30 September 2017. Underlying operating profit for the first half of 2017/18 is expected to be higher than the first half of prior year. Group revenue...

CTI BioPharma Corp. (CTIC) announced that Laurent Fischer has been appointed its new Chairman of the Board. The company also announced the promotion of David Kirske to Chief Financial Officer and Bruce Seeley to Chief Operating Officer. Fischer has been a director at the company since July, 2017....

Nestle SA (NSRGY.PK, NSTR.L) confirmed its mid-single digit organic growth target by 2020. The company also announced an underlying trading operating profit margin target of 17.5% to 18.5% by 2020, up from 16.0% in 2016. Nestlé said it will continue to pursue a value creation model that balances...

Norwegian aluminium producer Norsk Hydro AS (NHY, NHYDY.PK, NHYDY.PK) announced Tuesday that the competition authorities have approved the acquisition of Sapa. The acquisition by Hydro of Orkla's 50% interest in Sapa has received all competition approvals required before closing. Consequently, Hydro...

Alibaba Group Holding Limited (BABA) announced late Monday that it has agreed to make an additional investment of 5.3 billion Chinese yuan or $807 million to increase its ownership of logistics affiliate Cainiao Smart Logistics Network Ltd. to a majority stake of 51%. Alibaba also announced its intention...

German industrial conglomerate thyssenKrupp AG (TYEKF.PK) late Monday said it has raised around 1.38 billion euros from share sale to institutional investors. The share sale is said to bolster its balance sheet ahead of a planned merger with India-based Tata Steel to become Europe's second-largest steelmaker. thyssenkrupp...

Baidu Inc.'s (BIDU) iQiyi is targeting a U.S. initial public offering as soon as in 2018, which could value at more than $8 billion, the Bloomberg reported, citing two people familiar with the matter. The company controlled by Baidu is about to kick off negotiations with banks and deal arrangers...

Microsoft Corp. (MSFT) announced the creation of a new programming language optimized for exploiting scalable quantum computers and deep integration of the programming language into Visual Studio, providing developers with debugging and other support and state-of-the-art simulators that can run locally...

Amgen (AMGN) provided an update on Hurricane Maria's impact on the company's manufacturing facilities in Puerto Rico. "The Company's preliminary assessment is that the critical manufacturing areas in our facility in Juncos, Puerto Rico, have not been significantly impacted by this storm," said Esteban...

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