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Reckitt Benckiser Group plc (RBGPF.PK, RB.L) said that it has completed the sale of its Food business, including the French's, Frank's RedHot and Cattlemen's brands, to McCormick & Company Inc. for $4.2 billion, subject to customary adjustments. As previously communicated, RB intends to use the net proceeds...

Chinese PC and mobile maker Lenovo Group Ltd. (LNVGY.PK) reported that its loss attributable to equity holders for the first-quarter ended June 30, 2017 was about US$72 million, compared to profit of US$173 million reported in the corresponding period of last year. Loss per share was US0.66 cents, compared...

Infosys Limited (INFY) said Friday that Vishal Sikka has resigned as the Managing Director and Chief Executive Officer, effective immediately. Meanwhile, U. B. Pravin Rao has been appointed as Interim Chief Executive Officer and Managing Director. The company also said that Sikka has been appointed...

Kirby Corp. (KEX), the nation's largest domestic tank barge operator, Thursday announced that Andrew Smith, Executive Vice President and Chief Financial Officer, has informed the company that he is resigning from his position effective September 7, to accept another opportunity. David Grzebinski,...

Mylan N.V. (MYL) said that its subsidiaries, Mylan Inc. and Mylan Specialty L.P., have signed an agreement with the U.S. Department of Justice and two relators finalizing the Medicaid drug rebate settlement that the Company announced on October 7, 2016 for $465 million. The settlement resolved...

BHP (BHP.AX, BLT.L, BBL, BHP) announced approval of capital expenditure of US$2.46 billion for the Spence Growth Option or SGO at the Spence open-cut copper mine in northern Chile, which will extend the mine life by more than 50 years. In the first 10 years of operation, incremental production from...

Telstra and News Corp. (NWSA, NWS) announced intention to combine Foxtel and Fox SPORTS Australia into a new company to deliver premium sports as well as homegrown, original and international entertainment. News Corp. will have 65 percent shareholding in the new company and Telstra will have 35 percent....

correction: corrects earlier article to say the company posts loss for the quarter, not wider loss. Specialty department store operator Stage Stores, Inc. (SSI) Thursday said it has revised its fiscal 2017 guidance for a loss. The company also reported a loss in its second quarter, compared to last...

China Lodging Group, Limited (HTHT) announced, for the full year of 2017, the company raised net revenues growth range to 23% to 26%, given the consolidation of Crystal Orange and better-than-expected performance. Excluding the impact of the Crystal Orange acquisition, the net revenues is expected to...

Gilead Sciences Canada, Inc. announced that Health Canada has granted a Notice of Compliance for VOSEVI tablets, a pan-genotypic single-tablet regimen for the treatment of chronic hepatitis C virus infection in adults with genotype 1, 2, 3, 4, 5 or 6 previously treated with an NS5A inhibitor-containing...

Shares of Hikma Pharmaceuticals Plc (HIK.L, HKMPY) declined around 12 percent in the morning trading in London after the company reduced its fiscal 2017 outlook for group revenues after lowering guidance for the Generics business. In its first half, the company reported higher earnings and revenues. Separately,...

Ericsson (ERIC) announced the company sued Wiko in Germany for infringement of patents essential for 2G, 3G and 4G cellular technology, as well as implementation patents. Ericsson said Wiko has been infringing the company's intellectual property rights for six years without any license or compensation. Gustav...

Vestas (VWDRY.PK) reported that its second-quarter profit decreased to 186 million euros from 278 million euros, prior year. Earnings per share was 0.87 euros compared to 1.26 euros. EBIT decreased by 30 percent to 279 million euros from 399 million euros. The EBIT margin was 12.6 percent compared to...

Wirecard AG (WRCDF.PK), a German provider of electronic payment and risk management applications, reported Thursday that its first-half earnings after tax decreased 37.3 percent year on year to 104.5 million. Earnings per share declined to 0.85 euros from 1.35 euros last year. The latest earnings...

Swiss telecommunication services firm Swisscom AG (SWZCF.PK, SCMWY.PK) reported Thursday that its first-half net income grew 6.5 percent to 839 million Swiss francs from last year's 788 million francs. Operating income before depreciation and amortisation or EBITDA increased 1.5% to 2.26 billion francs,...

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