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Swedish retailer Hennes & Mauritz AB (HNNMY.PK, HMRZF.PK, HEN.L) reported Thursday that its first-quarter profit after financial items amounted to 3.21 billion Swedish kronor, lower than last year's 3.33 billion kronor. Profit after tax amounted to 2.46 billion kronor, down from 2.55 billion kronor a...

German logistics firm Hamburger Hafen und Logistik AG (HHULF.PK, HHULY.PK), or HHLA, Thursday said it expects stable performance for fiscal 2017, after reporting slightly better result in 2016. In view of the partially volatile operating environment, an operating result or EBIT in the range of 130...

Solar energy equipment supplier SMA Solar Technology AG (SMTGF.PK) reported Thursday that its fiscal 2016 net income more than doubled to 29.6 million euros from last year's 14.3 million euros. Earnings per share mounted to 0.85 euros, higher than 0.41 euros a year ago. SMA Group sales were 946.7...

Shares of Extreme Networks, Inc. (EXTR) gained around 17 percent in the after-hours trading on Wednesday after the company announced an agreement to buy the data center networking business of Brocade Communications Systems, Inc. for $55 million in cash. The company signed an agreement with Broadcom...

The U.S. Food and Drug Administration said it approved Ocrevus or ocrelizumab to treat adult patients with relapsing forms of multiple sclerosis or MS and primary progressive multiple sclerosis or PPMS. Ocrevus is an intravenous infusion given by a health care professional. The FDA granted approval of...

Novartis (NVS) said that the US Food and Drug Administration has accepted the company's Biologics License Application or BLA filing and granted priority review for CTL019 (tisagenlecleucel-T), an investigational chimeric antigen receptor T cell (CAR-T) therapy, in relapsed and refractory (r/r) pediatric...

Novo Nordisk (NVO) said that it has resubmitted the new drug application (NDA) for fast-acting insulin aspart as a class II re-submission to the US Food and Drug Administration. In October 2016, Novo Nordisk announced that it had received a Complete Response Letter from the FDA regarding the NDA for...

ConocoPhillips (COP) said that it has signed a definitive agreement with Cenovus (CVE, CVE.TO) to sell its 50 percent non-operated interest in the Foster Creek Christina Lake or FCCL oil sands partnership, as well as the majority of its western Canada Deep Basin gas assets, for total proceeds of $13.3...

NuVasive, Inc. (NUVA) announced U.S. FDA 510(k) clearance of the CoRoent Small Interbody System indicated for intervertebral body fusion at multiple contiguous levels in the cervical spine. The company said this marks the first U.S. clearance for a cervical cage to be used at up to four contiguous levels....

Bombardier Commercial Aircraft announced that Dublin-based regional carrier, CityJet has exercised the four options that were part of a purchase agreement announced on February 1, 2017. That agreement included a firm order for six CRJ900 aircraft and options for four more. Upon delivery, the aircraft...

Paychex Inc. (PAYX) said that it still expects net income for the fiscal year ending May 31, 2017 to increase about 7% and adjusted net income to increase about 8%. Annual payroll service revenue is anticipated to increase in the range of 3% to 4%. HRS revenue is anticipated to increase in the range...

UniFirst Corp. (UNF) said it now expect that its full year 2017 results will come in at the higher ends of previously communicated ranges. Previously it expected full year revenues for fiscal 2017 would be between $1.550 billion and $1.565 billion and full year earnings per share would be between $4.85...

Omnova Solutions Inc. (OMN) Wednesday announced first quarter net profit of $3.6 million compared to loss of $1.1 million last year. On a per share basis, the company recorded $0.08 compared to loss of $0.03 in the previous year. On an adjusted basis, earnings were $0.05 per share. On average, three...

Manulife Financial (MFC, MFC.TO) said that Roy Gori, currently Senior Executive Vice President and General Manager of Manulife's Asia Division, has been appointed the company's President, effective June 5. Gori will have responsibility for Manulife's global operating businesses, reporting to Chief...

International Seaways, Inc. (INSW) reported a net loss for the fourth quarter of 2016 of $57.8 million, or $1.98 per share, compared to net income of $37.6 million, or $1.29 per share in the fourth quarter of 2015. Adjusted EBITDA was $37.5 million for the quarter, a decrease of $33.5 million compared...

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