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AutoNation, Inc. (AN) announced that Mike Jackson, Chairman, CEO and President, has extended his contract with the company as Executive Chairman. The company also announced that the Board has retained the executive search and leadership advisory firm, Spencer Stuart, to support the CEO succession process....

Thomson Reuters Corp. (TRI.TO, TRI) announced that it has commenced a cash tender offer for up to an aggregate principal amount of approximately $650 million of debt securities, conditional upon the closing of the company's previously announced sale of a 55% interest in its Financial & Risk business...

The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc (JSAIY.PK, SBRY.L) and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase...

Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) announced it has made a final build decision to invest NOK 1.4 billion at Husnes to upgrade and start-up the plant's second production line, which will double the plant's aluminium production. In the restart of the line, which was shut down in 2009, the company...

Danske Bank A/S (DNSKY.PK) announced that Thomas Borgen, CEO, has informed the Board that he wishes to resign from his position in connection with Danske Bank's presentation of the conclusions of the investigations into the matters in Estonia. He will continue in his position until a new CEO has been...

WABCO Holdings Inc. (WBC) announced it has signed a strategic agreement with RIO, the digital brand of TRATON GROUP. RIO will leverage WABCO's advanced Fleet Management Solutions within its cloud-based connectivity environment to support the European logistics industry. WABCO's advanced FMS solutions...

Mastercard announced a multi-year partnership with Riot Games to become the first global sponsor for League of Legends esports, the largest esport in the world. This first-of-its-kind global agreement signifies Mastercard's support of the esports community and further diversifies the technology company's...

As per media reports, Coca cola, Nestle, and Unilever are the forerunners for the Horlicks unit of Glaxo (GSK.L, GSK) India. Kellog's and Reckitt Benckiser have reportedly decided to not take part in the bidding. The nutrition business is currently owned by GlaxoSmithKline Consumer Healthcare, Indian unit of GSK.

The Adecco Group (AHEXY.PK, ADO.L) reported that in July and August, revenues increased by 2% organically and trading days adjusted. Volume trends in early September indicate a slight deceleration compared to the first two months of third quarter 2018. Looking ahead, Adecco Group re-confirmed the...

The U.S. Securities and Exchange Commission said that Clovis Oncology Inc, its Chief Executive Officer, and its former chief Financial officer will pay more than $20 million in penalties to settle charges of misleading investors about the company's developmental lung cancer drug. The SEC's complaint...

Microsoft Corp. (MSFT) on Tuesday announced that its board declared a quarterly dividend of $0.46 per share, reflecting a 4 cent or 9.5 percent increase over the previous quarter's dividend. The dividend is payable December 13, 2018, to shareholders of record on November 15, 2018. The ex-dividend date...

The U.S. Securities and Exchange Commission said that SeaWorld Entertainment Inc. (SEAS) and its former Chief Executive Officer have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on the company's reputation and...

iCapital Network, the financial technology platform democratizing alternative investments for high-net-worth individuals and their advisors, said that it entered into a definitive purchase agreement to acquire certain subsidiaries from Bank of America (BAC) that provide sponsorship, administration and...

Alibaba's Chairman Jack Ma Tuesday said that trade frictions between the US and China could last for twenty years decades and is going to be "a mess" for all parties involved. Ma made those comments after the Trump administration imposed a 10 percent import tariff on another $200 billion worth of...

On-demand delivery service Postmates Tuesday said it has raised $300 million in additional funding led by Tiger Global Management. The investment values Postmates at about $1.2 billion, according to a Bloombeg report., which doubles the company's previous valuation from 2016. As part of this...

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