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British industrial equipment rental firm Ashtead Group Plc (AHT.L, ASHTF.PK) posted 33% higher statutory pre-tax profit of 118 million pounds in the first quarter, compared with 97 million pounds last year, with quarterly earnings per share rising to 14.8 pence, from 12.0 pence, reported a year ago. During...

Teva Pharmaceutical Industries Ltd. (TEVA) announced Wednesday that the UK High Court gave a positive judgment in support of Teva's case against AstraZeneca Plc. (AZN.L, AZN) relating to the validity of EP 1,085,877 covering Single inhaler Maintenance And Reliever Therapy or SMART indication for AstraZeneca's...

All Nippon Airways (ANA.L, ALNPF.PK, ALNPY.PK), Japan's largest airline, announced that the company and Lufthansa Cargo AG, an air cargo carrier, will launch a strategic air cargo joint venture on routes between Japan and Europe. The company has received antitrust immunity, i. e. approval for the joint...

Swiss drug maker Novartis AG (NVS) announced that new analyses to be presented at the Joint ACTRIMS-ECTRIMS Meeting in Boston, USA from September 10-13, 2014, would add to the growing evidence confirming the importance of redefining treatment goals in multiple sclerosis or MS. The goal of MS treatment...

German Internet service provider United Internet AG (UDIRF.PK) has inked a deal with the U.S. private equity giant Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire the 74.9% of shares in Versatel GmbH, Berlin held indirectly by funds managed by KKR and thus to raise its holding of Versatel shares...

Lenovo (LNVGF.PK, LNVGY.PK) Tuesday announced at the 2014 IFA Consumer Electronics Unlimited show in Berlin, an expanded portfolio of tablets and PCs. The portfolio gives consumers more options for tablets that fit their mobile lifestyle as well as choices of dedicated gaming PCs. The new lineup...

IRADIMED CORP. (IRMD) announced that it received a warning letter from the U.S. Food and Drug Administration relating to an inspection of facility that took place in April 2014. The warning letter, among other things, states that a new submission is required under Section 510(k) of the Food, Drug...

Perfect World Co., Ltd. (PWRD), an online game developer and operator based in China, announced that it has agreed to sell a total of 30.33 million class A ordinary shares of Shanda Games Ltd. (GAME), being the entire equity interest that Perfect World previously acquired. Perfect World will sell...

IndoorAtlas, a provider of magnetic positioning technology for indoor location, announced that it has agreed to a $10 million investment from Chinese search engine Baidu (BIDU). IndoorAtlas also announced it is signing an exclusive agreement for the Chinese market with Baidu. The company said it will...

Utilities company Pacific Gas and Electric Co (PG&E) said Tuesday that a penalty being considered by the California Public Utilities Commission (CPUC) in connection with the 2010 explosion of a natural gas transmission pipeline in San Bruno should be reasonable and take into account precedent and the...

Shaw Communications Inc (SJR_B.TO, SJR) said Tuesday it has closed its acquisition of ViaWest Inc from Oak Hill Capital Partners and other shareholders for an enterprise value of $1.2 billion. "The ViaWest acquisition provides Shaw a growth platform in the attractive North American data centre sector...

Blyth Inc (BTH), a direct to consumer marketing company, Tuesday that it and the founders and certain other preferred stockholders of its ViSalus network marketing subsidiary have reached an agreement in principle whereby the founders and those other preferred stockholders will exchange their shares...

Royal Caribbean Cruises Ltd (RCL) said Tuesday it has agreed to sell its cruise ship Celebrity Century to Exquisite Marine Ltd, a holding company led by Ctrip.com International Ltd (CTRP). Royal Caribbean said the sale will result in a non-cash loss of about $20 million dollars, which would be be...

Aviat Networks Inc (AVNW) said Tuesday its net loss for the fourth quarter widened to $12 million or $0.20 per share from $5.8 million or $0.10 per share last year. Excluding items, adjusted loss for the quarter was $0.13 per share compared with earnings of $0.01 per share a year ago. Revenues...

Danaher Corp. (DHR) Tuesday said it has appointed Thomas Joyce, Jr. as President and Chief Executive Officer, effective September 9, implementing its leadership succession plan earlier than expected. The company in April had announced the retirement plans of Lawrence Culp, Jr. as president and chief...