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News Corp.(NWS, NWSA) said that it welcomed the European Commission's leadership in confronting the discriminatory behavior of Google in the comparison shopping industry. Other regulators and companies have been intimidated by Google's overwhelming might, but the Commission has taken a strong stand. News...

New York Community Bancorp Inc. (NYCB) said that it has entered into an agreement to sell its mortgage banking business, which was acquired as part of its 2009 FDIC-assisted acquisition of AmTrust Bank, to residential mortgage industry leader, Freedom Mortgage Corporation. Freedom will acquire both...

Pandora (P) said that Tim Westergren has decided to step down from his position as CEO and the board of directors will begin a search for a new CEO immediately. The company noted that CFO Naveen Chopra was named interim CEO. With these changes, Westergren will also no longer be a member of the Pandora...

Wells Fargo & Company (WFC) announced an agreement with USI Insurance Services to sell Wells Fargo Insurance Services USA, which includes its Insurance Brokerage and Consulting, Employee Benefits and Property & Casualty national practices, along with Safehold Special Risk, Small Business Insurance, Student...

Teva Pharmaceutical Industries Ltd. (TEVA) and Xenon Pharmaceuticals Inc. (XENE) said that a Phase II study of topical TV-45070 in patients with post-herpetic neuralgia or PHN did not meet the primary endpoint of a statistically significant change in pain from baseline to week four as assessed by the...

21st Century Fox Inc. (FOX, FOXA) said that the Republic of Ireland's Minister for Communications, Climate Action and Environment has cleared the company's acquisition of the outstanding shares of British satellite television network Sky Inc. (BSY.L, SKY.L) that Fox does not already own. The Minister...

Department store chain Kohl's Corp. (KSS) said it has appointed Bruce Besanko to the position of chief financial officer, reporting directly to Kohl's chairman, chief executive officer and president Kevin Mansell. Besanko, who will join Kohl's on July 10, will have leadership responsibility overseeing...

Royal Philips (PHG) announced it has received 510(k) clearance from the U.S. FDA to market IntelliSpace Portal 9.0 and a range of applications for Radiology in the U.S. The company said the IntelliSpace Portal 9.0 has been available outside of the U.S. since November 2016 and will be available in U.S....

Swiss agriculture company Syngenta (SYT) Tuesday announced its new ambition and priorities following the completion of its acquisition by China National Chemical Corp., known as ChemChina. The company said it aims to profitably grow market share through organic growth and collaborations. The firm...

Boston Scientific Corp. (BSX) announced the company's goal is to achieve an organic revenue compound annual growth rate for 2018-2020 of six to eight percent and consistent double-digit adjusted EPS growth (excluding the negative impact of foreign currency) through ongoing operating margin improvement...

Darden Restaurants, Inc., (DRI) announced, on June 26, 2017, its Board increased the quarterly dividend 12.5% to $0.63 per common share. The quarterly dividend is payable on August 1, 2017 to shareholders of record on July 10, 2017. Fourth-quarter adjusted net earnings per share from continuing operations...

Merck (MRK) announced the REVEAL outcomes study of anacetrapib met its primary endpoint, significantly reducing major coronary events compared to placebo in patients at risk for cardiac events who are already receiving an effective LDL-C lowering regimen. The safety profile of anacetrapib in the early...

Under Armour, Inc. (UA, UAA) announced Patrik Frisk will become the company's President and Chief Operating Officer, effective July 10. Frisk will have responsibility for the company's go-to-market strategy and the execution of its long-term growth plan. Most recently, Frisk was CEO of The ALDO Group,...

GlaxoSmithKline plc (GSK, GSK.L) announced the start of a phase III study with mepolizumab, an interleukin 5 antagonist, in patients with severe bilateral nasal polyps. The phase III study named SYNAPSE, StudY in NAsal Polyps patients to assess the Safety and Efficacy of mepolizumab, is a 52-week, randomised,...

French outdoor advertising company JCDecaux SA announced Tuesday that it has entered into a joint venture agreement for the out-of-home or OOH advertising businesses in Mexico with Mexican telecom company America Movil, S.A.B. de C.V. (AMX). Under the deal, the companies will merge each of Corporación...

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