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Shares of Alliance Pharma plc (APH.L) were gaining around 3 percent in London trading after the specialty pharmaceutical company announced Tuesday its agreement to buy exclusive marketing rights to Nizoral, a medical, anti-dandruff shampoo brand, in Asia-Pacific. Alliance Pharma will buy the Nizoral...

Roche (RHHBY) announced definitive merger agreement to acquire the outstanding shares of Cambridge, Massachusetts-based molecular information company Foundation Medicine, Inc.'s (FMI) common stock not already owned by Roche and its affiliates at a price of $137.00 per share in cash. This corresponds...

Dr. Reddy's Laboratories Ltd. (RDY) announced the company has launched Levetiracetam in Sodium Chloride Injection, 500 mg/100 mL (5 mg/mL), 1,000 mg/100 mL (10 mg/mL), and 1,500 mg/100 mL (15 mg/mL) single-dose infusion bags, a therapeutic equivalent generic version of HQ Specialty Pharma Corp.'s Levetiracetam...

Volvo AB (VOLVY.PK) announced it has appointed Jan Ytterberg as CFO and will become a new member of the Volvo Group Executive Board. Jan Ytterberg currently serves as the CFO of Swedish company Husqvarna Group. The company said the date on which Jan Ytterberg will take up his new position is yet to be...

Ferguson plc (FERG.L), a specialist trade distributor of plumbing and heating products, reported Tuesday that its third-quarter trading profit climbed 17.1 percent to $356 million from last year's $304 million. Revenue grew 10.2 percent to $5.08 billion from prior year's $4.61 billion. Revenues were...

Performance management company Nielsen (NLSN) announced Tuesday that the company and FreeWheel, a Comcast Company (CMCSA), plans to expand measurement to over-the-top and set-top box video on demand inventory. The company noted that the effort will enhance the value of the television ecosystem through...

Adobe Systems (ADBE) announced Tuesday powerful new enhancements to Adobe Document Cloud with advancements for Adobe Sign, which now powers majority of Fortune 100 Companies. The company also expanded Microsoft partnership to include PDF Services from Adobe. The company noted that Adobe Sign is now...

Patrick Soon-Shiong announced late Monday that he has completed the purchase of the Los Angeles Times, San Diego Union-Tribune and other entities in the California News Group, assuming full ownership from Tronc (TRNC). Soon-Shiong purchased the California News Group titles through his personal investment...

Sanofi (SNY) and Ablynx said that Sanofi has now acquired all outstanding shares, warrants and convertible bonds of Ablynx NV following the expiration of the Squeeze-out procedure. The Squeeze-out period commenced on May 22, 2018, following the acquisition by Sanofi of over 95% of the outstanding...

American Airlines Group Inc. affiliate PSA Airlines expects more flight cancellations on Tuesday after scrubbing about 400 flights over the weekend as the regional carrier moves into its sixth day of problems with its crew-scheduling system. The technology issue arose on June 14 and has affected nearly...

Colgate-Palmolive Company (CL) said that its board authorized the repurchase of shares of the Company's common stock having an aggregate purchase price of up to $5 billion under a new share repurchase program, which replaced the Company's previous $5 billion repurchase program authorized in 2015. As...

JPMorgan Chase (JPM) was fined $65 million by the U.S. Commodity Futures Trading Commission for allegedly attempting to manipulate the International Swaps and Derivatives Association Fix benchmark. The Commission said the bank, from at least Jan. 2007 through Jan. 2012, made false reports and attempted...

Wells Fargo & Co. (WFC) is expected to announce a restructuring of its wealth management business, the Wall Street Journal reported citing people familiar with the matter. The bank is planning to combine two large divisions within the business, known internally as Wealth Brokerage Services and Private...

Fujifilm Holdings Corp. (FUJIF.PK, FUJIY.PK) sued Xerox Corp. (XRX) for breach of contract and estimated damages of more than $1 billion after the printer and copier company walked away from a planned merger earlier this year. Xerox reached a truce with activist investors Carl Icahn and Darwin Deason...

The U.S. Supreme Court said Monday that it will hear an Apple Inc. (AAPL) appeal challenging the propriety of a lawsuit brought by consumers who allege that the company illegally monopolized the sale of iPhone apps. The justices said they would review a lower-court ruling that said consumers had legal...

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