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Investment group VEB/European Investors and global retailer Steinhoff International Holdings N.V. have agreed to suspend the collective action currently ongoing between them in The Netherlands until 3 April 2019. VEB/European Investors, as a collective representative, has sued Steinhoff in the Dutch...

The Dürr Group announced the Group will discontinue its loss-making micro gas turbine business. This will lead to extraordinary expenses of 17 million euros in 2018. Also, the Group said HOMAG division is fundamentally reorganizing its production at the Schopfloch site. The cost of closing the micro...

Steinhoff International Holdings N.V. announced that Investment group VEB/European Investors and the company have agreed to suspend the collective action currently ongoing between them in The Netherlands until 3 April 2019. VEB/European Investors has sued Steinhoff for certain financial statements, prospectuses...

Constellation Brands, Inc. (STZ) announced Bill Newlands will assume the role of president and chief executive officer, succeeding current CEO Rob Sands, on March 1, 2019. Rob Sands will assume the role of executive chair. Richard Sands, who is currently serving in the role of executive chair, will assume...

United Rentals, Inc. (URI) announced, for 2018, the company now projects adjusted EBITDA in a range of $3.765 billion to $3.815 billion, revised from prior range of $3.715 billion to $3.815 billion. Total revenue is now expected in a range of $7.77 billion to $7.87 billion, up from previous guidance...

Alcoa Corp. (AA) announced its intention to begin a formal consultation process for collective dismissals that would affect all employees at its Avilés and La Coruña aluminum plants in Spain. Avilés employs 317 employees and La Coruña 369. An analysis of Alcoa's operations in Spain found that organizational...

French grocery retailer Carrefour Group (CRERF, CRRFY, 0NPH.L) Wednesday reported third-quarter sales including value added tax of 21.09 billion euros, down 2.8%. Sales were up 2.7 percent at constant exchange rates from last year. On a like-for-like basis, excluding petrol, sales increased 2.1 percent. The...

Accenture (ACN) announced it has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. Accenture said the addition will complement and enhance the company's commercial and corporate lending capabilities...

Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) announced its acquisition of Zhilabs, known for its Artificial Intelligence or AI-based network and service analytics, to further enhance its 5G capabilities. AI-based automation will play a central role in the introduction of new services in...

Business software giant Oracle Corp. (ORCL) said Wednesday it has agreed to acquire goBalto, a developer of cloud-based solutions for clinical trials. goBalto provides cloud solutions to accelerate clinical trials by streamlining and automating the selection and set up of the best performing clinical...

Abbott Laboratories (ABT) issued fourth-quarter 2018 guidance for earnings per share from continuing operations of $0.39 to $0.41. Abbott forecasts specified items for the fourth quarter 2018 of $0.41 primarily related to intangible amortization, acquisition-related expenses, cost reduction initiatives...

German hospital operator Rhoen-Klinikum AG (RKKPF.PK) has confirmed its previous forecast for fiscal 2018. Rhoen-Klinikum also said that the agreement on separate accounting between the company, the university hospitals in Giessen and Marburg GmbH or UKGM, the Federal State of Hesse, and both universities...

ArcelorMittal (MT) announced Wednesday it has approved a payment of 7,469 crore rupees or about $1 billion to the financial creditors of Uttam Galva and KSS Petron to clear overdue debts in order that the offer it submitted for Essar Steel India Ltd. on April 2, 2018 is eligible and can be considered...

BHP Billiton Plc (BHP.AX, BLT.L, BBL, BHP) stated that the Group strongly advocates for free and fair trade which is a critical driver of global wealth creation. The Group said trade restrictions pose a real threat to economic growth by diverting trade flows, affecting prices and discouraging investment. Speaking...

General Electric (GE) has won a major contract to supply power to Iraq, beating German rival Siemens AG (SIEGY.PK, SMAWF), after the Trump administration intervened, FT reported, citing people familiar with the matter. The deal reportedly is worth $15 billion. In recent weeks, Munich-based Siemens...

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