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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...

L'Oréal (LRLCY.PK) said that it has finalized the acquisition of Pulp Riot, a professional haircolor brand launched by David and Alexis Thurston in the United States in June, 2016. Pulp Riot had net sales of US$11 million in 2017. Its largest distributor in the US is SalonCentric. The brand also started...

Electric utility SSE plc (SSE.L) reported Friday that its fiscal 2018 profit before tax fell 38.9% to 1.09 billion pounds from 1.78 billion pounds a year ago. Earnings per share declined 48.7% to 81.3 pence from 158.4 pence a year ago. Adjusted profit before tax was 1.45 billion pounds, compared...

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...

Salzgitter AG (SZGPF.PK, SZGPY.PK) said that All items on the Agenda were approved by a large majority of shareholders. Almost 500 shareholders, shareholder representatives and guests attended the regular General Meeting of Shareholders of the Salzgitter Group which was held on May 24, 2018 in the...

MediGene AG (MDGEF.PK) said that it will raise a gross proceeds of 32.3 million euros through a significantly oversubscribed private placement through an accelerated bookbuilding Has. Medigene issued 2.23 million new shares from authorized capital, which corresponds to around 10% of the current share...

United Continental Holdings Inc. (UAL) has appointed its first female chairman. Jane Garvey, a United board member since 2009, was selected as the new non executive chairman. "Jane steps into this critical role bringing with her decades of experience as both a leader and pioneer in our industry,"...

Deutsche Bank AG's (DB) Chief Executive Officer Christian Sewing said the company is on the right track to achieve the planned cost reductions and revenue growth of 900 million euros per year by 2022 at the latest. cost-income ratio would then be below 65 percent. And it is working on accelerating this...

BioMarin Pharmaceutical Inc. (BMRN) said that it received standard approval from the U.S. Food and Drug Administration for Palynziq (pegvaliase-pqpz) Injection to reduce blood phenylalanine or Phe concentrations in adult patients with phenylketonuria or PKU, who have uncontrolled blood Phe concentrations...

A California jury ordered Samsung Electronics Co. Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) to pay Apple Inc. (AAPL) about $539 million as financial damages for copying patented design and utility features on the original iPhone in its own phones. The jury's decision in the U.S. District Court in San Jose,...

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...

Gap Inc. (GPS) revealed a profit for its first quarter that increased from last year. The company's earnings came in at $164 million, or $0.42 per share. This compares with $143 million, or $0.36 per share, in last year's first quarter. Analysts had expected the company to earn $0.46 per share,...

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