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Westfield Corp. (WFGPY.PK, WDC.AX, WEFIF.PK) announced its securityholders approved both the proposed acquisition of Westfield Corporation by UnibailRodamco and the demerger of OneMarket. Westfield announces that each resolution proposed at the Meetings was passed by the requisite majorities. On...

German banking giant Deutsche Bank (DB) announced Thursday its plans to significantly reshape its Equities Sales & Trading business, which will result in the reduction of about 25 percent jobs in this area. With the implementation of its plans, the number of full-time equivalent positions is expected...

Home improvement retailer Kingfisher Plc (KGF.L) reported Thursday that its total group sales were 2.83 billion pounds for the first quarter, down 1.2 percent on a reported basis and down 2.5 percent at constant currency rates. Like-for-like sales fell 4% reflecting unusually adverse weather conditions...

United Utilities Group PLC (UU.L, UUGRY.PK) reported profit before tax of 432.1 million pounds for the year ended 31 March 2018 compared to 442.4 million pounds, previous year. Earnings per share was 51.9 pence compared to 63.5 pence. Underlying profit before tax decreased to 370.2 million pounds from...

Deutsche Telekom AG (DTEGY.PK) announced, on average, revenue is expected to increase by 1 to 2 percent per year in the period from 2017 through 2021, adjusted EBITDA by 2 to 4 percent, and free cash flow by 10 percent. Deutsche Telekom said the dividend for the current financial year, payable in...

Swiss bakery business Aryzta AG (ARZTY.PK, ARZTF.PK) reported Thursday that its third-quarter EBITDA margins are below management expectations. Total Group revenue declined 16.8% from last year to 811.4 million euros, mainly due to the impact of disposals of 8.9% and currency of 6.7%. Group organic...

Chinese PC and mobile maker Lenovo Group Ltd. (LNVGY.PK) reported Thursday that its fourth-quarter profit attributable to shareholders was $33 million, 69 percent lower than last year's $107 million, due to a larger tax credit recorded last year. Basic earnings per share were 0.28 US cents or 2.19...

Kroger Co. (KR) said that it agreed to buy Home Chef, the country's largest private meal kit company. The initial transaction price is $200 million and future earnout payments of up to $500 million over five years are contingent on achieving certain milestones, including significant growth of in-store...

Uber Technologies Inc. is closing down its self-driving vehicle program in Arizona about two months after the state barred it from road-testing the technology when one of its self-driving car struck and killed a pedestrian, according to reports. The report said that Eric Meyhofer, the head of Uber's...

Apple Inc. (AAPL) has again narrowed the ambitions of its secretive self-driving car program, according to the New York Times. After being rebuffed by BMW and Daimler AG's Mercedes Benz after seeking self-driving technology partnerships, Apple is now teaming with Volkswagen AG to modify VW vans into...

Apple Inc. (AAPL) and Amazon.com Inc. are shopping for cities in which to build new corporate campuses, the Wall Street Journal reported, citing people familiar with the matter. The report indicated Apple Chief Executive Tim Cook this month met secretly with North Carolina Governor Roy Cooper to discuss...

United Technologies Corp. (UTX) announced plans to hire 35,000 people and make investments of more than $15 billion in research and development and capital expenditures in the U.S. over the next five years. The company said its investments will create additional capacity to better serve customers in...

Macy's, Inc. (M) said that Paula Price will be appointed chief financial officer, effective July 9, 2018. Price will be responsible for leading the company's finance, accounting, investor relations and internal audit functions. She will report to Jeff Gennette, Macy's chairman and CEO, and will be...

In view of the recent filings with the U.S. Securities and Exchange Commission by The Walt Disney Company and Twenty-First Century Fox Inc. in preparation for their upcoming shareholder meetings to consider the acquisition of Fox by Disney, Comcast Corp. (CMCSA) confirmed Wednesday that it is considering,...

Pfizer Inc. (PFE) said that Tafamidis received Breakthrough Therapy designation from the U.S. Food and Drug Administration or FDA for the treatment of patients with transthyretin cardiomyopathy, a rare, fatal, and underdiagnosed condition associated with progressive heart failure. This decision is...

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