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Cabot Microelectronics Corp. (CCMP) said it has agreed to acquire KMG Chemicals, Inc. (KMG), a provider of specialty chemicals and performance materials, in a cash and stock transaction with a total enterprise value of about $1.6 billion. This is inclusive of KMG's net debt. Under the terms of the...

While reporting its second-quarter financial results today, department store chain Macy's, Inc. (M) raised its earnings and sales outlook for fiscal 2018. For fiscal 2018, Macy's now expects adjusted earnings per share of $3.95 to $4.15, excluding anticipated settlement charges related to the company's...

Tencent Holdings Limited (TCEHY.PK) reported second-quarter profit attributable to equity holders of RMB 17.87 billion, a decrease of 2% from prior year. The company said its profit slightly decreased mainly due to lower net other gains generated from investment related items compared to the same period...

Constellation Brands (STZ) announced the company will increase its ownership interest in Canopy Growth by acquiring 104.5 million shares directly from Canopy Growth, thereby achieving approximately 38 percent ownership when assuming exercise of the existing Constellation warrants. Constellation Brands...

Endo International plc (ENDP) announced the company is lifting a temporary stay of its litigation against the U.S. FDA. The company said the litigation seeks a declaration that FDA's "Interim Policy" on compounding using bulk drug substances under Section 503B of the Drug Quality and Security Act of...

Real estate developer Xinyuan Real Estate Co., Ltd. (XIN) said Wednesday it expects contract sales to be about $540 million for the third quarter of 2018. It also projects fiscal 2018 increase in contract sales of about 10 percent and an increase in consolidated net income of 15 to 20 percent over 2017. The...

Vestas Wind Systems A/S (VWDRY.PK) reported Wednesday that its first-half profit declined to 184 million euros from 186 million euros last year. EBIT decreased to 259 million euros from 279 million euros a year ago. The EBIT margin was 11.5 percent, compared to 12.6 percent in 2017. In the second...

Blackstone Group LP (BX) is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that's exploring options to raise cash, Bloomberg reported citing people familiar with the matter. The private equity firm has expressed interest in a deal that could value...

AstraZeneca plc (AZN.L, AZN) said that it priced a four tranche global bond offering totalling $3 billion. The offering is expected to close on 17 August 2018, subject to customary closing conditions. AstraZeneca said it expects to use the net proceeds of the issue for general corporate purposes,...

Hikma Pharmaceuticals plc (HIK.L) reported first-half profit before tax of $141 million compared to $100 million, prior year. Profit attributable to shareholders was $106 million, compared to $69 million. Earnings per share was 43.8 cents compared to 28.6 cents. Core profit before tax was $189 million...

ViiV Healthcare, a global specialist HIV company established by GlaxoSmithKline (GSK.L) and Pfizer (PFE), announced positive headline results from its global, phase III ATLAS study of a long-acting, injectable two-drug regimen for the treatment of HIV. The study showed long-acting cabotegravir and rilpivirine,...

STRATEC Biomedical AG (SBSG) reported first-half earnings per share of 0.22 euros compared to 0.52 euros, prior year. Adjusted EBIT was at 8.8 million euros compared to 12.8 million euros. Adjusted EBIT margin was 9.8% after 12.7% in the equivalent period of the previous year. The company said the decline...

Moody's Analytics announced a series of appointments in its Hong Kong office, expanding the team focused on insurance modeling and analytics across the Asia-Pacific region. Andrew Waters, Senior Director, will lead market strategy and business expansion in the Asia-Pacific region, where Moody's Analytics...

Leoni AG (LEOGN), a provider of energy and data management solutions in the automotive market, reported Wednesday that its second-quarter consolidated net income declined 33.3 percent to 41 million euros from 61 million euros last year. Earnings per share fell 31.4 percent to 1.29 euros from 1.88...

Lockheed Martin (LMT) announced the U.S. Army awarded a $218 million contract to produce High Mobility Artillery Rocket System launchers and associated hardware for an international customer. The contract calls for the delivery of 18 HIMARS launchers and associated equipment by December 2020. The...

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