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Steinhoff International Holdings N.V. announced that Steinhoff and Shoprite have decided to terminate their negotiations related to the potential sale of Steinhoff's Africa retail assets to Shoprite as the PIC, Titan and Steinhoff could not reach agreement on the exchange ratio that would apply to...

Consulting firm Accenture (ACN) Monday announced that it has agreed to purchase a 62% majority of SinnerSchrader AG, a digital agency in Germany, from co-founder and CEO Matthias Schrader, CFO Thomas Dyckhoff, and other shareholders at 9 euros per share. Accenture also announced its intention to launch...

AstraZeneca (AZN.L, AZN) announced that it has entered into an agreement with TerSera Therapeutics LLC for the commercial rights to Zoladex in the US and Canada. TerSera will pay AstraZeneca $250 million upon completion. AstraZeneca will also receive sales-related income through milestones totalling...

Royal Bank of Scotland Group PLC (RBS, RBS.L) on Monday issued an update on the company's remaining State Aid obligation. RBS said it has been informed by HM Treasury that the Commissioner responsible for EU competition policy plans to propose to the College of Commissioners to open proceedings to...

Harris Corp. (HRS), a technology innovator, Monday said it has received a two-year, $189 million contract to provide an integrated battle management system or BMS to the United Arab Emirates Armed Forces. The contract was received during the first quarter of Harris' fiscal 2017. Harris said its system...

Swiss banking giant UBS Group AG (UBS) on Monday said it has entered into an agreement, under which Northern Trust Corp. (NTRS) would acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland. The company did not announce the financial terms of the deal. The...

Alibaba Group Holding Ltd. (BABA) announced the formation of a strategic partnership with the Shanghai-based retailer Bailian Group to explore new forms of retail opportunities across each other's ecosystem. The companies will leverage the power of big data to achieve integration between offline stores,...

AT&T (T) said Friday that it has reached a tentative agreement with the Communications Workers of America or CWA in negotiations covering CWA-represented former DIRECTV field services employees in four states. The agreement covers nearly 280 employees in Delaware, Maryland, New Mexico and Oregon,...

Perrigo Company plc (PRGO) today announced it has received final approval from the U.S. Food and Drug Administration for hydrocodone bitartrate and homatropine methylbromide oral solution (syrup), 5 mg/1.5 mg per 5 mL. Hydrocodone bitartrate and homatropine methylbromide oral solution (syrup), 5 mg/1.5...

Packaged food company General Mills (GIS) said that in response to revised second-half growth expectations driven largely by recent sales performance on U.S. yogurt and soup, the company is reducing its sales and earnings outlook for the fiscal year ending May 2017. General Mills said its fiscal...

Fannie Mae (FNMA) reported that its net income attributable to common stockholders for fiscal year 2016 was $77 million or $0.01 per share, compared to a loss of $262 million or $0.05 per share in the prior year. Fannie Mae's 2016 net income of $12.3 billion increased from $11.0 billion in 2015 due...

Moody's Corp. (MCO) Friday said it expects fiscal 2017 earnings per share between $5.15 and $5.30 including the estimated $0.15 per share benefit resulting from the accounting standard update. In the year 2016, the company reported earnings per share of $1.36, while adjusted earnings per share were...

XL Group Ltd (XL) said its board of directors has approved a new share buyback program, authorizing the company to buy back up to $1 billion of its common shares. The previous share buyback program, which had approximately $349 million remaining, was canceled. The company expects the purchases to...

Cooper Tire & Rubber Company (CTB) announced its Board has increased and extended share repurchase program by authorizing the repurchase of up to $300 million of the company's outstanding common stock through Dec. 31, 2019. The $300 million authorization replaces the $98 million remaining on the authorization...

While reporting its fourth-quarter financial results today, VF Corp. (VFC) provided its financial outlook for fiscal 2017. The company forecast fiscal 2017 earnings per share to be down at a low single-digit percentage rate compared to 2016 adjusted earnings per share of $3.11. In addition, the...

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