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The U.S. Department of Justice announced today that Schroder & Co. Bank AG has reached a resolution under the department's Swiss Bank Program. Schroder Bank will pay a $10.354 million penalty. The Swiss Bank Program, which was announced on August 29, 2013, provides a path for Swiss banks to resolve...

Automotive parts supplier NGK Insulators Ltd. has agreed to plead guilty and to pay a $65.3 million criminal fine for its role in a conspiracy to fix prices and rig bids for ceramic substrates for automotive catalytic converters supplied to automobile manufacturers. The company will also plead guilty...

Genzyme Corp., a wholly-owned biotechnology subsidiary of French pharmaceutical company Sanofi (SNYNF, SNY), agreed to resolve criminal charges that it violated the federal Food, Drug and Cosmetic Act or FDCA with regard to the unlawful distribution of Seprafilm, a surgical device it markets and promotes,...

Aircraft leasing company Avolon (AVOL) on Thursday said it has agreed to be acquired by Bohai Leasing Co Ltd at a price of US$31 cash per share, in a transaction with an enterprise value of about US$7.6 billion. The deal is expected to close by the first quarter of 2016. The offer price represents...

AstraZeneca (AZN, AZN.L) on Thursday said the U.S. Food and Drug Administration has approved BRILINTA (ticagrelor) tablets at a new 60mg dose to be used in patients with a history of heart attack beyond the first year. With this expanded indication, BRILINTA is now approved to reduce the rate of cardiovascular...

Vince Holding Corp (VNCE), a contemporary fashion brand, on Thursday reported second-quarter net loss of $5 million or $0.14 per share compared with a profit of $10.5 million or $0.27 per share last year. Excluding items, adjusted earnings for the quarter were $0.14 per share compared with $0.28 per...

The Kraft Heinz Co (KHC) on Thursday said it is expanding the voluntary recall of select code dates and manufacturing codes of individually-wrapped American slices due to the possibility that a thin strip of the individual packaging film may remain adhered to the slice after the wrapper has been removed....

Allergan plc (AGN) on Thursday agreed to buy AqueSys Inc, a private clinical-stage glaucoma treatment company, for $300 million upfront cash payment, with possible milestone payments. AqueSys focuses on developing ocular implants that reduce intraocular pressure (IOP) associated with glaucoma. Allergan...

UTi Worldwide Inc (UTIW), a non-asset-based supply chain services company, on Thursday reported second-quarter net earnings of $70.7 million or $0.70 per share compared with $21.9 million or $0.24 per share last year. Revenues for the quarter were down 16.5% at $913.9 million compared with $1.1 billion...

Infoblox Inc (BLOX), a provider of automated network control solutions, on Thursday reported fourth-quarter net loss of $4.7 million or $0.08 per share compared with a loss of $23.9 million or $0.45 per share last year. Excluding items, adjusted earnings for the quarter were $0.12 per share compared...

Esterline Technologies Corp (ESL), an engineered products maker for aerospace and defense customers, on Thursday reported third-quarter net earnings of $28.5 million or $0.92 per share compared with $38.9 million or $1.19 per share last year. Excluding items, adjusted earnings for the quarter were...

Credit- and debit-card swipe machine maker VeriFone Systems Inc (PAY) on Thursday reported third-quarter net earnings of $9.5 million or $0.08 per share compared with a loss of $29 million or $0.26 per share last year. Excluding items, adjusted earnings for the quarter were $0.47 per share compared...

Medical device maker Cooper Cos Inc (COO) on Thursday reported third-quarter net earnings of $45 million or $0.91 per share compared with $88.1 million or $1.80 per share last year. Excluding items, adjusted earnings for the quarter were $1.97 per share compared with $2.00 per share a year ago. Revenues...

Amazon Web Services Inc, a part of Amazon (AMZN), on Thursday agreed to acquire Elemental Technologies Inc, a provider of software-defined video solutions for multiscreen content delivery. The financial terms of the deal were not disclosed. The deal is expected to close in the fourth quarter of 2015. The...

Gap Inc (GPS) on Thursday said its comparable sales for the four-week period ended August 29, 2015 slid 2 percent. Among brands, August comparable sales at Gap was negative 8 percent, Banana Republic was negative 11 percent, and Old Navy was positive 6 percent. Gap said its net sales in August...

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