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Sandvik said it has signed an agreement to divest Hyperion to the US listed investment firm KKR at a price of SEK 4 billion. Hyperion delivers advanced wear-resistant tools, applications and components in hard and super-hard materials. Hyperion, with approximately 1,400 employees, has in the last...

Pfizer Inc. (PFE) announced that the Phase 3 EMBRACA trial in patients with germline BRCA1/2-positive locally advanced and/or metastatic breast cancer demonstrated superior progression-free survival in patients treated with talazoparib, compared to patients who received physician's choice standard of...

Hexcel Corp. (HXL) said that it agreed to acquire the Aerospace & Defense or A&D business of Oxford Performance Materials or OPM. OPM A&D produces thermoplastic, carbon fiber reinforced 3D printed parts for Commercial Aerospace and Space and Defense applications. The acquisition is subject to customary...

Coca-Cola Co. (KO) announced that Irial Finan, a 36-year veteran of the Coca-Cola system, plans to retire from his post as Executive Vice President and President of Bottling Investments Group, or BIG. Calin Dragan, who currently serves as Regional Director for BIG's ASEAN (Southeast Asia) and Middle...

TE Connectivity Ltd. (TEL), a technology and manufacturing company, announced Friday that its Board of Directors has authorized an increase in its share repurchase program by an additional $1.5 billion. Any repurchases by the company will be made in accordance with applicable securities laws in the...

PNM Resources (PNM) announced the company's 2018 ongoing earnings guidance of $1.70 to $1.80 per share. For 2019, the company expects ongoing earnings of $2.00 to $2.16 per share. In November, the company affirmed its 2017 ongoing earnings guidance of $1.77 to $1.87 per share.

Associated British Foods plc (ASBFY.PK, ABF.L) reiterated its outlook previously presented in the annual report. The Group expects progress in adjusted operating profit and adjusted earnings per share for the current financial year. With Primark margins in line with that of last financial year, Associated...

Himax Technologies, Inc. (HIMX), a supplier and fabless manufacturer of display drivers and other semiconductor products, on Friday said it categorically denies any and all allegations of fraud. The company was responding to a tweet published by Citron Research, an online stock commentary blog, dated...

International Consolidated Airlines Group (IAG.L, INCC.PK) announced Friday that its subsidiary British Airways has decided to launch a flexible benefits scheme incorporating a new defined contribution pension scheme. The decision was taken following consultation with its trade unions and employees. The...

Shares of ThromboGenics NV (TBGNF, THR.BR) were losing around 17 percent in the morning trading in Belgium after the biotechnology company announced that it has discontinued patient recruitment in its Phase II CIRCLE study evaluating THR-409 (ocriplasmin) for Non-Proliferative Diabetic Retinopathy or...

Ericsson (ERIC) disclosed the restated financials for full year 2015, each quarter of 2016 and the three first quarters of 2017 as the company will start to report financials according to its new segments as of the fourth quarter 2017. Ericsson said, as the restatement of the profit and loss accounts...

Berkeley Group Holdings Plc.(BKG.L), a builder of new homes, neighborhoods and communities, reported Friday that its first-half pre-tax earnings climbed 35.8 percent to 533.3 million pounds from 392.7 million pounds last year. Basic earnings per share grew 40.3 percent to 316.6 pence from 225.7 pence...

Vodafone Group Plc (VOD.L, VOD) announced the Group, Apax Partners Midmarket SAS and Fortino Capital have decided to terminate the merger between Vodafone Malta with Melita. The parties were unable to satisfy the requirements to obtain approval from the Maltese Competition Authority for the transaction. In...

Taiwanese semiconductor foundry United Microelectronics Corp. (UMC) reported that its revenues for the month of November 2017 fell 5.9% percent to NT$12.15 billion from last year's NT$12.91 billion. Revenues for the January 2017 to November 2017 period rose 2.44 percent to NT$138.62 billion from NT$135.31...

Sandoz, a division of Novartis (NVS), announced data demonstrating the pharmacokinetics or PK, pharmacodynamics or PD, safety and immunogenicity of proposed biosimilar pegfilgrastim as compared to the reference biologic, Neulasta. The Phase I study, conducted in healthy volunteers, confirmed that...

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