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Evotec AG on Tuesday said it was updated by its partner Roche (RHHBY) on the initial results of the Phase IIb trial with Sembragiline (RG1577, EVT302), a MAO-B inhibitor for the treatment of Alzheimer's disease ("AD"). In this study, Sembragiline failed to demonstrate benefit on the primary endpoint...

Media and entertainment conglomerate Walt Disney Co (DIS) on Tuesday named Christine McCarthy as its senior executive vice president and chief financial officer, effective immediately. McCarthy, till recently treasurer of the company, succeeds James Rasulo, whose resignation Disney announced earlier...

Madison Square Garden Co (MSG), which is engaged in sports, entertainment and media businesses, on Tuesday named David "Doc" O'Connor president and chief executive officer, effective July 15. O'Connor joins the company after spending the last three decades at Creative Artists Agency, serving as managing...

Avanir Pharmaceuticals Inc (AVNR) on Tuesday announced top-line data from the PRISM II study showing that treatment with NUEDEXTA was associated with a statistically significant reduction in symptoms of pseudobulbar affect ("PBA") in patients with traumatic brain injury ("TBI") or stroke. PBA is...

Malibu Boats LLC (MBUU), a provider of watersports boats, on Tuesday said it has filed a lawsuit for patent infringement against MasterCraft Boat Co LLC. The complaint, filed in the United States District Court for the Eastern District of Tennessee, alleges infringement of U.S. Patent related to MasterCraft's...

OMNOVA Solutions Inc (OMN) on Tuesday reported second-quarter net income of $3.9 million or $0.09 per share compared with $3.4 million or $0.07 per share last year. Excluding items, adjusted earnings were $0.11 per share compared with $0.09 per share a year ago. Analysts polled by Thomson Reuters...

French media conglomerate Vivendi SA said Tuesday that it has bought from Orange SA an 80% stake in video-sharing website Dailymotion for 217 million euros. The acquisition is at the core of Vivendi's digital strategy. With Dailymotion, the company benefits from an over-the-top distribution platform...

Boeing (BA) and Embraer S.A. (ERJ) announced that they intend to collaborate to test environment-focused technologies through the ecoDemonstrator Program in a joint effort to improve aviation's environmental performance. This expands ongoing cooperation between two of the world's largest airplane manufacturers. Boeing...

Diageo (DGE.L, DEO) announced the appointment of Deirdre Mahlan, currently the company's CFO, as President, Diageo North America. The company said, Deirdre's replacement will be announced in due course and until that time she will continue in her current role as CFO of Diageo. Larry Schwartz, President...

AAR Corp. (AIR) said that it will close its MRO facility in Hot Springs, Ark., and transfer operations to its Oklahoma City, Okla., facility as part of the Company's efforts to optimize its assets and improve return on invested capital for shareholders. In response to overcapacity in North America,...

Hewlett-Packard Co. (HPQ) Tuesday said Bill Veghte, Executive Vice President of HP's Enterprise Group, would depart the company later this summer to pursue a new opportunity. Since October, Veghte has been leading the separation efforts for Hewlett Packard Enterprise, working closely with Chris Hsu...

Black Box Corp. (BBOX) announced that it is one of 20 industry partners awarded prime contractor status to provide information technology products and solutions to the United States Air Force through its Network-Centric Solutions 2 (NETCENTS-2) NetOps and Infrastructure Solutions Full and Open, Indefinite...

Pier 1 Imports, Inc. (PIR) announced that it has appointed Jeffrey Boyer as its Executive Vice President or EVP and Chief Financial Officer or CFO, effective July 27, 2015. Boyer joins Pier 1 Imports from Tuesday Morning Corporation (TUES) where he served as Executive Vice President, Chief Administrative...

Schnitzer Steel Industries Inc. (SCHN) reported that its net loss attributable to the company for fiscal 2015 third quarter ended May 31, 2015 was $9.63 million or $0.36 per share, compared to net income of $3.11 million or $0.12 per share in the same quarter last year. The company's third quarter...

Alcoa (AA) announced it will permanently close the company's Poços de Caldas primary aluminum smelter in Brazil on June 30, 2015. The company said the smelter has been curtailed since May 2014 and the underlying market conditions that led to the curtailment have not improved. Alcoa said the closure...

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