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Medivation, Inc. (MDVN) urged its stockholders to reject Sanofi's attempt to replace the company's entire Board with hand-picked nominees through a proposed consent solicitation. Medivation expects to promptly file consent revocation materials with the U.S. SEC. David Hung, CEO of Medivation, said:...

Amazon.com, Inc. (AMZN) announced that it will launch fulfillment centers in Tracy and Eastvale, creating more than 1,500 new full-time jobs. These new facilities will increase Amazon's California presence to nine fulfillment centers, nine million square feet of operations and approximately 14,000 full-time...

Innocoll (INNL) said that two placebo-controlled Phase 3 pivotal studies evaluating Xaracoll or bupivacaine-collagen bioresorbable implant each achieved the primary endpoint as a postoperative pain relief treatment immediately following open abdominal hernia repair. Xaracoll showed consistency across...

Graham Corp. (GHM), a manufacturer of critical equipment for the oil refining, petrochemical, power and defense industries, reported Wednesday that its fourth-quarter net income declined 88 percent to $0.5 million or $0.05 per share from last year's $4.17 million or $0.41 per share. On average, three...

Sarepta Therapeutics Inc. (SRPT) said that the U.S. Food and Drug Administration has notified the Company that they are continuing their review and internal discussions related to pending NDA for eteplirsen and will not be able to complete their work by the Prescription Drug User Fee Act or PDUFA goal...

BBVA announced a global strategic collaboration with global provider of enterprise open source solutions Red Hat, Inc. (RHT) aimed at helping accelerate BBVA's global transformation and technology-driven processes. The agreement, which turns Red Hat into a priority partner for BBVA, is part of a series...

Dr. Reddy's Laboratories (500124, DRREDDY, RDY) announced Wednesday the acquisition of an eminent portfolio of over-the-counter or OTC brands in the cough-and-cold, pain, and dermatology categories. The company acquired six OTC brands from Ducere Pharma, including DOAN'S, BUFFERIN, NUPERCAINAL Ointment,...

Electric transmission company ITC Holdings Corp. (ITC), which is in deal to be bought by Fortis Inc. in $11.3 billion deal, Wednesday announced that Rejji Hayes has been promoted to executive vice president and chief financial officer. Hayes continues to be responsible for the company's accounting,...

Hormel Foods Corp. (HRL) announced Jody Feragen will retire as executive vice president and CFO, and as a member of the Board, effective October 30. The Board elected James Sheehan to be next senior vice president and CFO, effective October 31. James Sheehan was most recently elected as vice president...

Amazon.com, Inc. (AMZN) announced plans to open its second fulfillment center in Joliet, Illinois. The company will create more than 2,000 full-time jobs at the facility. Amazon employees at the new 700,000 square-foot Joliet fulfillment center will pick, pack and ship smaller items to customers like...

Microsoft Corp. (MSFT) announced plans to streamline the company's smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of approximately $950 million, of which approximately $200 million will relate to severance...

FedEx Corp. (FDX), FedEx Acquisition B.V. and TNT Express N.V. announced FedEx has acquired TNT Express in a 4.4 billion euros deal. The companies said the integration process will begin immediately. Once the integration is complete, FedEx expects customers to enjoy an expanded global offering that draws...

Bertrandt Group reported first-half post-tax earnings of 28.9 million euros compared to 29.9 million euros, a year ago. Operating profit was 42.2 million euros, compared to 43.8 million euros, equal to a margin of 8.7 percent compared to 9.7 percent, prior year. In the first six months of 2015/2016,...

Deutsche Telekom (DTEGY.PK) CEO, Tim Höttges, outlined three areas which will be responsible for Deutsche Telekom's advance in 2016: shareholding structure; customer service; and Network build-out. Höttges made it plain that the network of the future will be based on optical fiber but will be more than...

Marks & Spencer Group Plc (MAKSY.PK, MAKSF.PK, MKS.L) reported profit before tax of 488.8 million pounds for the 53 weeks ended 2 April 2016 compared to 600.0 million pounds for the 52 weeks ended 28 March 2015. Profit to owners of parent decreased to 406.9 million pounds from 486.5 million pounds, a...

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