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Shares of Air France-KLM (AFLYY.PK, AFRAF.PK) were gaining around 2 percent in the early morning trading in Paris after the Franco-Dutch airline announced that KLM has reached new pension scheme agreements with its pilot and cabin staff unions. As part of the agreement, KLM will pay a one-off lump sum...

Swedish home appliances giant Electrolux AB (0MDT.L, 0GQ1.L, ELUXY.PK) announced Monday that the Brazilian court administering the bankruptcy of Mabe Brazil has accepted a 178 million Swedish kronor bid to acquire the intellectual property assets of the estate. Electrolux will consequently take over...

AstraZeneca (AZN.L, AZN) announced US FDA has approved Bydureon BCise (exenatide extended-release) injectable suspension, a new formulation of Bydureon in an improved once-weekly, single-dose autoinjector device for adults with type-2 diabetes whose blood sugar remains uncontrolled on one or more oral...

Santos (STOSF.PK, SSLTY.PK, STO.AX) announced that Keith Spence will succeed Peter Coates AO as Chairman in February 2018, at which point Coates will retire from the Board. Spence will join the Santos Board on 1 January 2018. Spence has over thirty years of oil and gas experience, having served in...

AstraZeneca (AZN, AZN.L) and Merck & Co., Inc. (MRK) said that they have submitted a new drug application to Japan's Pharmaceuticals and Medical Devices Agency or PMDA for the use of Lynparza or olaparib tablets in unresectable or recurrent BRCA-mutated breast cancer, with a decision expected in the...

Novartis (NVS) announced the US FD has granted Breakthrough Therapy Designation for Tafinlar in combination with Mekinist for the adjuvant treatment of patients with stage III melanoma with a BRAF V600 mutation following complete resection. The designation is based on results from COMBI-AD, a Phase III...

Dutch consumer electronics giant Philips Electronics NV (PHGFF.PK, PHG) reported that its net income attributable to shareholders for the third-quarter of 2017 declined to 315 million euros from last year's 370 million euros, with earnings per share decreasing to 0.33 euros from 0.40 euros in the previous...

Boeing (BA) announced Monday an agreement with Mitsubishi Heavy Industries, Ltd. (MHVYF.PK) to strengthen collaboration in ways that will enhance both companies' sales and competitiveness. The company said the agreement includes efforts to reduce costs in MHI production of wings for the 787 Dreamliner...

Electric-car maker Tesla Inc. (TSLA) has reached an agreement to set up its own manufacturing facility in Shanghai, the wall street journal reported citing to people familiar with the plan. The deal with Shanghai's government will allow the Silicon Valley auto maker to build a wholly owned factory...

Intercontinental Exchange (ICE) said that it has completed its acquisition of the Bank of America Merrill Lynch Global Research division's fixed income index platform, which will become part of ICE Data Services. Terms of the agreement were not disclosed and the financial impact of the transaction will...

Kansas City Southern (KSU), a transportation holding company, reported an increase in profit for the third quarter from last year on higher revenues. Both revenue and adjusted earnings per share beat analysts' estimates. The company's net income for the third quarter was $129.2 million or $1.23 per...

Bristol-Myers Squibb Co. (BMY) said that new data across serious liver diseases, including nonalcoholic steatohepatitis or NASH, and hepatocellular carcinoma or HCC, will be presented at The Liver Meeting 2017 in Washington, DC, from October 20 to 24, 2017. Key data presentations include two analyses...

First Data Corp. (FDC) entered into a definitive stock purchase agreement to acquire BluePay Holdings, Inc. from current owners, including TA Associates and BluePay management, for $760 million in cash, subject to adjustments. BluePay is a provider of technology-enabled payment processing for merchants...

Baker Hughes (BHGE), a GE company, Friday posted a net loss of $104 million, or 24 cents per Class A share, for the third quarter. On an adjusted basis, net earnings were $23 million or 5 cents per Class A share. Revenues for the third quarter reached $5.375 billion, with orders totalling $5.722 billion.

High-precision metrology and healthcare products manufacturer Renishaw Plc (RSW.L) reported Friday that its first-quarter profit before tax surged to 36.9 million pounds from last year's 10.7 million pounds. Adjusted profit before tax 35.8 million pounds, compared to 15.1 million pounds last year. Total...

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