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Asterias Biotherapeutics Inc. (ASTY.OB) said Wednesday that it has received clearance from the U.S. Food and Drug Administration or FDA to initiate a Phase 1/2a clinical trial of its product, AST-OPC1, in patients with complete cervical spinal cord injury. The company stated that the approved trial...

Filtration systems provider Donaldson Company, Inc. (DCI) posted almost flat net earnings of $73 million for its fiscal 2014 fourth quarter. However, on a per share basis, quarterly earnings stood at $0.50, 4% higher than $0.48, reported a year back. Excluding special items, net earnings per share were...

AerCap Holdings N.V.(AER) has delivered a Boeing [BA] 787 Dreamliner on lease to Royal Jordanian, making it only the second airline in the Middle East to operate the 787. The airplane will play a central role in the Amman-based airline's strategic plan for fleet modernization. Royal Jordanian's CEO...

HSBC Trinkaus & Burkhardt AG, an 80.6% indirectly owned unit of HSBC Holdings plc (HSBA.L, HBC), posted 18.0% lower pre-tax profit of 108.1 million euros in the first half of 2014, compared with last year's 131.9 million euros. Half-yearly net profit slid to 72.6 million euros, from 88.5 million euros...

Bristol-Myers Squibb Co. (BMY) Wednesday announced that the European Commission has approved Daklinza (daclatasvir), a potent, pan-genotypic NS5A replication complex inhibitor (in vitro), across multiple genotypes for the treatment of chronic Hepatitis C infection. The approval allows for the marketing...

Acorn International, Inc. (ATV) announced that Robert Roche has stepped down as an executive chairman on August 26, 2014. He will remain with the company as a member of the Board. The Board appointed Don Dongjie Yang, the chief executive officer of the company, as the new executive chairman, effective...

Seadrill Limited (SDRL) reported that its net income attributable to the parent for the second quarter of 2014 fell to $605 million from the prior year's $1.727 billion, with earnings per share decreasing to $1.24 from $3.53 in the same quarter last year. The prior year results included gain on sale...

The Financial Conduct Authority or FCA has today fined The Royal Bank of Scotland (RBS, RBS.L) and NatWest 14,474,600 pounds for serious failings in their advised mortgage sales business. The firms failed to ensure that advice given to customers was suitable. Two reviews of sales from 2012 found...

Fyffes plc (FFY.L) reported pretax profit of 22.23 million euros for the 6 months to 30 June 2014, compared to 20.70 million euros, prior year. Profit to equity shareholders increased to 18.56 million euros from 18.43 million euros. Earnings per share in cents was 6.12, compared to 6.13, previous year. Adjusted...

Monitise Plc (MONI.L) and International Business Machines Corp (IBM) announced a global digital commerce and resourcing alliance. Bringing together the best of both companies' mobile banking, payments and commerce technology, this alliance brings IBM sales and specialist resources to global clients with...

British American Tobacco Plc (BTI, BATS.L) said that Group Marketing Director, Jean-Marc Levy, would be named Director, Special Projects, effective September 1, 2014 and would then resign from the Management Board and leave the BAT Group on December 31,2014. Jean-Marc has had a 21-year career with...

Telecom giant AT&T, Inc. (T) Wednesday said its 4G LTE network is now available in Rutland, Harrisonburg, Lynchburg, Douglas and Cornelia-Toccoa. The network is also available in Enterprise and Ozark as well as Kingman, Bullhead City, and Lake Havasu City, bringing customers the latest generation...

Cree, Inc. (CREE) announced an agreement to make an investment in Lextar Electronics Corp. and the companies will enter into a supply agreement for sapphire-based LED chips. Upon closing of the investment, Cree will own approximately 13 percent of Lextar. Lextar, founded in 2008 in Taiwan, is a subsidiary...

Struggling cupcake maker Crumbs Bake Shop Inc (CRMB) has won an approval from court to reopen stores from next month, according to reports. Wall Street Journal Tuesday said that Judge Michael Kaplan in U.S. Bankruptcy Court in Newark, New Jersey signed off on the sale to Marcus Lemonis and Dippin'...

Globe Specialty Metals Inc (GSM), a producer of silicon metal and specialty alloys, Tuesday reported fourth-quarter net earnings of $6.2 million or $0.08 per share compared with $9.7 million or $0.13 per share last year. Excluding items, adjusted earnings for the quarter were $0.18 per share. Revenues...