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Department store chain Kohl's Corp. (KSS) said it has appointed Bruce Besanko to the position of chief financial officer, reporting directly to Kohl's chairman, chief executive officer and president Kevin Mansell. Besanko, who will join Kohl's on July 10, will have leadership responsibility overseeing...

Royal Philips (PHG) announced it has received 510(k) clearance from the U.S. FDA to market IntelliSpace Portal 9.0 and a range of applications for Radiology in the U.S. The company said the IntelliSpace Portal 9.0 has been available outside of the U.S. since November 2016 and will be available in U.S....

Swiss agriculture company Syngenta (SYT) Tuesday announced its new ambition and priorities following the completion of its acquisition by China National Chemical Corp., known as ChemChina. The company said it aims to profitably grow market share through organic growth and collaborations. The firm...

Boston Scientific Corp. (BSX) announced the company's goal is to achieve an organic revenue compound annual growth rate for 2018-2020 of six to eight percent and consistent double-digit adjusted EPS growth (excluding the negative impact of foreign currency) through ongoing operating margin improvement...

Darden Restaurants, Inc., (DRI) announced, on June 26, 2017, its Board increased the quarterly dividend 12.5% to $0.63 per common share. The quarterly dividend is payable on August 1, 2017 to shareholders of record on July 10, 2017. Fourth-quarter adjusted net earnings per share from continuing operations...

Merck (MRK) announced the REVEAL outcomes study of anacetrapib met its primary endpoint, significantly reducing major coronary events compared to placebo in patients at risk for cardiac events who are already receiving an effective LDL-C lowering regimen. The safety profile of anacetrapib in the early...

Under Armour, Inc. (UA, UAA) announced Patrik Frisk will become the company's President and Chief Operating Officer, effective July 10. Frisk will have responsibility for the company's go-to-market strategy and the execution of its long-term growth plan. Most recently, Frisk was CEO of The ALDO Group,...

GlaxoSmithKline plc (GSK, GSK.L) announced the start of a phase III study with mepolizumab, an interleukin 5 antagonist, in patients with severe bilateral nasal polyps. The phase III study named SYNAPSE, StudY in NAsal Polyps patients to assess the Safety and Efficacy of mepolizumab, is a 52-week, randomised,...

French outdoor advertising company JCDecaux SA announced Tuesday that it has entered into a joint venture agreement for the out-of-home or OOH advertising businesses in Mexico with Mexican telecom company America Movil, S.A.B. de C.V. (AMX). Under the deal, the companies will merge each of Corporación...

Competition and Markets Authority announced that it is to consider whether proposals offered by Heineken (HKHHF.PK)/Punch over merger will address competition concerns and remove the need for an in-depth investigation. The CMA has decided that there are reasonable grounds for believing that these proposals,...

Petrofac Ltd. (POFCF.PK, POFCY.PK, PFC.L) announced the Group expects its underlying net profit for the first half of 2017 to be $135 million to $145 million. The Group reported new order intake of $1.7 billion for the year to date. Looking forward, the Group stated that its full year net profit is expected...

Sandoz, a division of Novartis (NVS), announced Tuesday that the European Commission has approved Erelzi (biosimilar etanercept) for use in Europe. Erelzi is approved for use in all indications of the reference medicine, Enbrel. Erelzi is approved for rheumatoid arthritis, axial spondyloarthritis...

Nvidia Corp. (NVDA) announced Tuesday that it is teaming up with Volvo Cars and Autoliv to develop advanced systems and software for AI self-driving cars. The three companies will work together along with Zenuity, a newly formed automotive software development joint venture equally owned by Volvo...

Regeneron Pharmaceuticals Inc.(REGN) and Sanofi said that the European Commission has granted marketing authorization for Kevzara or sarilumab in combination with methotrexate or MTX for the treatment of moderately to severely active rheumatoid arthritis or RA in adult patients who have responded inadequately...

Northrim BanCorp Inc., the parent company of Northrim Bank, (NRIM), Monday announced the appointment of Joe Schierhorn as President and CEO of Northrim BanCorp, effective June 26. Schierhorn will also continue to serve as Northrim Bank's President and CEO, while Joe Beedle will continue to serve as...

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