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Ford Motor Co. (F) issued one safety recall and two safety compliance recalls in North America. Ford is issuing a safety recall for about 400,000 2015-17 Ford Transit van/bus vehicles with medium, long and extended wheelbases and chassis cab/cutaways with medium wheelbases to replace the driveshaft...

Paychex Inc. (PAYX) announced, for fiscal 2018, the company expects: adjusted net income to increase approximately 7%; and adjusted earnings per share to increase in the range of 7% to 8%. For fiscal 2018, Paychex expects total revenue, including interest on funds held for clients, to increase approximately...

McKesson Corp. (MCK) reaffirmed its earnings guidance for the fiscal year ending March 31, 2018 and the underlying key assumptions. In May, the company expected GAAP earnings per share of $7.10 to $8.80 and Adjusted Earnings per share of $11.75 to $12.45 for fiscal year 2018. Analysts polled by Thomson...

UniFirst Corp. (UNF) said it now expects revenues for fiscal 2017 will be between $1.573 billion and $1.580 billion. It also expect full year earnings per share will be between $4.85 and $5.00. The earning guidance includes the impact of $5.4 million of additional stock compensation expense. Analysts...

Snyder's-Lance, Inc. (LNCE) announced its Board has appointed Brian Driscoll as President and CEO. Driscoll has been serving as Interim President and CEO since April. Brian Driscoll was the former President and CEO of Diamond Foods, Inc. and was appointed to the Snyder's-Lance Board of Directors...

MSA Safety Inc. (MSA) announced that it agreed to acquire Globe Holding Company, LLC in an all-cash transaction valued at $215 million. Based in Pittsfield, NH, Globe is a leading innovator and provider of firefighter protective clothing and boots, with annual revenue of approximately $110 million...

United Internet AG (UDIRF.PK) Wednesday said the acceptance rate to its voluntary tender offer for Drillisch was 1.24 percent. The tender offer has been accepted for a total of 839,170 Drillisch share. The offer is part of the step-by-step acquisition of 1&1 Telecommunication SE by Drillisch AG under...

BASF (BFA.L, BASFY.PK) announced the company plans to build a new world-scale plant to produce ibuprofen in Ludwigshafen, Germany. The new plant, is scheduled to come onstream in 2021. BASF is also expanding its ibuprofen capacities at its production site in Bishop, Texas, to fill current supply gaps...

Henry Schein, Inc., (HSIC), a provider of health care products and services, announced Wednesday that it has extended its existing agreement in Canada with DENTSPLY SIRONA Inc. (XRAY)to include the CEREC CAD/CAM restoration system and the Schick line of imaging sensors. This extension runs through...

General Mills (GIS) announced its fiscal 2018 constant-currency adjusted EPS is expected to increase 1 to 2 percent from the base of $3.08 earned in fiscal 2017. The company estimates a 1 cent headwind from currency translation on full-year fiscal 2018 adjusted EPS. Organic net sales are expected to...

AirMedia Group Inc. (AMCN) announced it has entered into Amendment No. 3 to the Merger Agreement, dated September 29, 2015, by and among the company, AirMedia Holdings Ltd. and AirMedia Merger Company Limited, a subsidiary of AirMedia Holdings. Under the terms of the Merger Agreement, either the company...

Government Properties Income Trust (GOV) announced its Board of Trustees has approved a merger agreement to acquire all of the outstanding common shares of First Potomac Realty Trust (FPO) for an aggregate transaction value of approximately $1.4 billion, including $11.15 per FPO common share in cash...

United Utilities Group plc (UU.L, UUGRY.PK) announced Wednesday the appointment of Steve Fraser to the board as Chief Operating Officer, with effect from August 1. Fraser has been a director of United Utilities Water Limited, the licensed water and sewerage undertaker under the Water Industry Act...

Alibaba Group Holding Limited (BABA) announced it will invest approximately $1 billion to increase its stake in Lazada Group, an e-commerce platform in Southeast Asia, from 51% to approximately 83%. Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of $3.15 billion...

Tullow Oil Plc. (TLW.L) Wednesday said it expects to generate $0.6 billion of pre-tax operating cash flow, before working capital, for the first half of 2017, higher than last year. The increase is a result of insurance proceeds, contributions from TEN, and increased contributions from Jubilee. The...

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