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The European Commission has notified Altice N.V. (ATCV.OB) of its decision to impose upon it a 124.5 million euros fine for gun jumping in connection with Altice's acquisition of PT Portugal in June 2015. The Commission found that Altice infringed the prior notification obligation, and the stand-still...

Takeda Pharmaceutical Co. Ltd. (TKPYY.PK) confirmed Tuesday that it has made a revised proposal to the Board of Shire plc (SHP.L, SHPG). Takeda said there can be no certainty that any firm offer for the Company will be made nor as to the terms on which any firm offer might be made. Earlier today,...

salesforce.com inc. (CRM) said that it plans to invest $2.2 billion in its French business over the next five years. The company made the announcement to French President Emmanuel Macron ahead of an event in his honor during his first state visit to the United States. Salesforce President & Chief...

Shire plc (SHPG, SHP.L) said its Board has received a revised proposal from Takeda regarding a possible offer for the company on 24 April 2018. Shire plc said the Board is considering its position. Previously, Shire received a fourth proposal on 20 April 2018 regarding a possible offer for the company....

Nektar Therapeutics (NKTR) said that it has entered into a new clinical collaboration with Takeda Pharmaceutical Company Limited to evaluate Nektar's investigational medicine, NKTR-214, with Takeda's investigational medicine, TAK-659, as a potential combination treatment regimen in multiple cancer settings. NKTR-214...

Pebblebrook Hotel Trust (PEB) issued a letter to the Board of Trustees of LaSalle Hotel Properties (LHO) in which Pebblebrook provided a final merger proposal. The company said the non-binding proposal for 100% of LaSalle's outstanding common shares represented a implied price of $32.49 per LaSalle common...

Genworth Financial Inc. (GNW) and China Oceanwide Holdings Group Co., Ltd. said that they have withdrawn and re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States or CFIUS to provide CFIUS additional time to review and discuss the proposed transaction between...

Cat Financial reported that its First-quarter 2018 profit was $91 million, a $24 million, or 21 percent, decrease from the first quarter of 2017. Profit before income taxes was $124 million for the first quarter of 2018, compared with $167 million for the first quarter of 2017. The decrease was primarily...

Caterpillar Inc. (CAT) Tuesday reported a surge in first quarter profit of consolidated and affiliated companies to $1.667 billion from $194 million last year. On a per share basis, earnings increased to $2.74 from $0.32 in the prior year. On an adjusted basis, the company reported profit of $ 2.82 per...

Lockheed Martin (LMT) raised its outlook for fiscal year 2018. The company raised its fiscal year 2018 earnings per share outlook to a range of $15.80 - $16.10 from the prior outlook of $15.20 - $15.50. Analysts polled by Thomson Reuters expect the company to report earnings of $15.56 per share for fiscal...

While reporting its first-quarter financial results today, 3M Co. (MMM) lowered the high end of its fiscal 2018 adjusted earnings as well as local-currency sales growth outlook range. For fiscal 2018, 3M updated its outlook for reported earnings to a range of $8.68 to $9.03 per share. Excluding...

While reporting its first-quarter financial results today, Verizon Communications Inc. (VZ) affirmed its financial outlook for fiscal 2018. The company continues to forecast consolidated revenues to grow at low-single-digit percentage rates on a reported basis. The company also affirmed its outlook...

Mitel (MITL, MNW.TO) announced a definitive arrangement agreement under which the company will be acquired by an investor group led by affiliates of Searchlight Capital Partners, L.P. in an all-cash transaction valued at approximately $2.0 billion, including Mitel's net debt. Mitel shareholders will...

Masco Corp. (MAS) on Tuesday affirmed its earnings outlook for the full-year 2018 in the range of $2.36 to $2.51 per share, and adjusted earnings in the range of $2.48 to $2.63 per share. On average, 24 analysts polled by Thomson Reuters expect the company to earn $2.57 per share for the year. Analysts'...

Amazon.com Inc. (AMZN) today announced that Amazon Key, the service that already enables in-home delivery and keyless guest access, now gives customers an option to receive deliveries inside their vehicle. The company noted that with Amazon Key In-Car, Prime members with compatible vehicles can now...

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