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Freenet AG (FRAGF.PK) announced the company's Executive Board has confirmed the preliminary figures announced on 02 March 2017 in full. According to this, the company said it has reached respectively exceeded all targets communicated for financial year 2016. Fiscal 2016 Group EBITDA increased significantly,...

BASF (BFA.L, BASFY.PK) announced the company and Stahl Group have signed an agreement to combine BASF's leather chemicals business with Stahl. BASF will receive a 16% minority stake in the Stahl Group. The transaction comprises BASF's global leather chemicals business, as well as the leather chemicals...

Alcon, a division of Novartis, announced it has received approval from the US FDA for its AcrySof IQ ReSTOR +2.5 Multifocal Toric intraocular lens with ACTIVEFOCUS optical design for patients undergoing cataract surgery who choose to address their astigmatism and presbyopia at the same time. Alcon plans...

Professional kitchen specialist Rational AG (RTLLF.PK) reported Thursday that its fiscal 2016 profit after taxes increased 4 percent to 127.1 million euros from last year's 121.8 million euros. Earnings per share grew to 11.18 euros from 10.71 euros last year. Earnings before interest and taxes or...

MorphoSys AG (MPSYY.PK) announced that Marlies Sproll, Chief Scientific Officer, will be on temporary leave for family matters as of April 15, 2017. The Group said, Sproll continues to be a member of the Executive Board and will return to her CSO role as soon as circumstances will allow. The Supervisory...

Beverage filling and packaging company Krones AG (KRNTY.PK, KRNNF.PK) on Thursday said its Executive Board and the Supervisory Board will propose to the annual general meeting on June 20 that a dividend of 1.55 euros per share be paid out for the 2016 financial year. That is a year-on-year increase of...

Wal-Mart Stores Inc. (WMT) on Thursday said that its subscription-free, premium video streaming service Vudu has launched the first mobile offering to convert DVDs and Blu-rays into digital libraries, right from a customer's phone. Mobile Disc-to-Digital is available beginning March 23. It turns DVDs...

Novan Inc. (NOVN) said that it appointed William Hodges as Interim Chief Financial Officer, effective immediately, following the departure of Richard Peterson, Chief Financial Officer, who is leaving to pursue other business interests. Hodges has a long career in public company finance positions,...

Trian Fund Management, L.P., one of the largest stockholders of General Electric Company (GE), with beneficial ownership of approximately 66.8 million shares, said it believes that today's announcements better position GE for the long-term and help to ensure GE will achieve its financial goals. Trian...

Schnitzer Steel Industries, Inc. (SCHN) announced it expects second-quarter earnings per share from continuing operations to be in the range of $0.37 - $0.40 and adjusted earnings per share to be in the range of $0.34 - $0.37. In the prior year second quarter, the company reported a loss from continuing...

Coatings and specialty products maker PPG Industries Inc. (PPG) said it made a revised proposal on March 20, 2017 to acquire Dutch paints and chemicals maker Akzo Nobel N.V. (AKZOY.PK, AKZOY) for 90.00 euros (cum dividend) per ordinary share, comprised of cash of 57.50 euros and 0.331 share of PPG common...

Actuant Corp. (ATU), a diversified industrial company, on Wednesday said it expects third-quarter adjusted earnings per share of $0.38-$0.43, and sales of $290 million to $300 million. Further, the company narrowed fiscal 2017 adjusted earnings per share guidance to a range of $1.10-$1.20 from previously...

Allergan plc (AGN) announced the availability of RESTASIS MULTIDOSE, which is the same preservative-free RESTASIS formulation, but now offered in a multidose bottle. RESTASIS is the first and only prescription medication FDA-approved to help patients with a type of Chronic Dry Eye make more of their...

Philip Morris International Inc. (PM) announced an investment of approximately 300 million euros to convert the cigarette factory of Papastratos, the company's affiliate in Greece, into a manufacturing plant for the tobacco sticks to be used with its smoke-free product IQOS. Construction will commence...

AkzoNobel N.V. (AKZOY.PK, AKZOY) announced it has rejected a second unsolicited, non-binding and conditional proposal of 20 March from PPG Industries Inc. for all of the issued and outstanding ordinary shares in the capital of AkzoNobel. The revised proposal represents a value of 88.72 euros (adjusted...

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