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Google said that it is establishing a self-driving technology development center in Novi, Michigan. "Many of our current partners are based here, so having a local facility will help us collaborate more easily and access Michigan's top talent in vehicle development and engineering. At this 53,000...

Alphabet Inc.'s (GOOGL, GOOG) executive chairman Eric Schmidt believes that dramatic advances in the health and technology will change the world in the near future, Bloomberg reported. Schmidt expects technology will improve gene sequencing and make health care more efficient and personalized as the...

Tribune Publishing Co. (TPUB) said that Egan-Jones, an independent proxy advisory firm, has recommended Tribune shareholders vote "For" all of the Company's directors and reject Gannett's withhold campaign. The Egan-Jones report follows similar recommendations from leading independent proxy voting...

Anheuser-Busch InBev SA/NV or AB InBev (BUD, AHBIF.PK) said that it has secured exchange control approval from the South African Reserve Bank or "SARB" for its proposed combination with SABMiller plc (SBMRY.PK, SAB.L). Approval from the SARB represents an important milestone in the process of securing...

Citigroup (C) agreed to pay $425 million to resolve U.S. Commodity Futures Trading Commission claims that it tried to rig several interest-rate benchmarks from 2007 to 2012. The company neither admitted to nor denied the allegations, which concern ISDAfix and benchmarks in London and Tokyo. The U.S....

US Foods Holding Corp., the parent company of US Foods Inc., announced the pricing of its initial public offering of 44.44 million shares of common stock at $23.00 per share for a total offering size of $1.02 billion. In addition, US Foods has granted the underwriters a 30-day option to purchase from...

Sanofi (SNYNF, SNY) announced that the Endocrinologic and Metabolic Drugs Advisory Committee (EMDAC) of the U.S. Food and Drug Administration (FDA) recommended the approval of the New Drug Application or NDA for the investigational fixed-ratio combination of basal insulin glargine 100 Units/mL and GLP-1...

Alibaba Group Holding Limited (BABA) disclosed in a regulatory filing that it was being investigated by the U.S. Securities and Exchange Commission over whether the company's accounting practices violated any federal laws. Alibaba said that the SEC had requested information relating to consolidation...

Medivation, Inc. (MDVN) urged its stockholders to reject Sanofi's attempt to replace the company's entire Board with hand-picked nominees through a proposed consent solicitation. Medivation expects to promptly file consent revocation materials with the U.S. SEC. David Hung, CEO of Medivation, said:...

Amazon.com, Inc. (AMZN) announced that it will launch fulfillment centers in Tracy and Eastvale, creating more than 1,500 new full-time jobs. These new facilities will increase Amazon's California presence to nine fulfillment centers, nine million square feet of operations and approximately 14,000 full-time...

Innocoll (INNL) said that two placebo-controlled Phase 3 pivotal studies evaluating Xaracoll or bupivacaine-collagen bioresorbable implant each achieved the primary endpoint as a postoperative pain relief treatment immediately following open abdominal hernia repair. Xaracoll showed consistency across...

Graham Corp. (GHM), a manufacturer of critical equipment for the oil refining, petrochemical, power and defense industries, reported Wednesday that its fourth-quarter net income declined 88 percent to $0.5 million or $0.05 per share from last year's $4.17 million or $0.41 per share. On average, three...

Sarepta Therapeutics Inc. (SRPT) said that the U.S. Food and Drug Administration has notified the Company that they are continuing their review and internal discussions related to pending NDA for eteplirsen and will not be able to complete their work by the Prescription Drug User Fee Act or PDUFA goal...

BBVA announced a global strategic collaboration with global provider of enterprise open source solutions Red Hat, Inc. (RHT) aimed at helping accelerate BBVA's global transformation and technology-driven processes. The agreement, which turns Red Hat into a priority partner for BBVA, is part of a series...

Dr. Reddy's Laboratories (500124, DRREDDY, RDY) announced Wednesday the acquisition of an eminent portfolio of over-the-counter or OTC brands in the cough-and-cold, pain, and dermatology categories. The company acquired six OTC brands from Ducere Pharma, including DOAN'S, BUFFERIN, NUPERCAINAL Ointment,...

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