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Qualcomm Inc. (QCOM) has accused Apple Inc. (AAPL) of stealing trade secrets and giving them to rival Intel Corp. (INTC), according to reports citing a legal filing. The filing reportedly alleged that Apple stole trade secrets "for the purpose of improving lower-quality modem chipsets, including those...

Novartis (NVS) said it will cut about 2,100 jobs in Switzerland and Britain over the next four years, as part of a global restructuring. The company also announced that it plans to exit its Grimsby manufacturing site in the U.K. by the end of 2020. Novartis confirmed its strong commitment to Switzerland...

Sonic Corp. (SONC) and Inspire Brands, Inc. announced a definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash in a transaction valued at approximately $2.3 billion including the assumption of Sonic's net debt. The transaction is subject to the approval of Sonic...

Genentech, a member of the Roche Group (RHHBY), announced positive results from the Phase III IMpower133 study of TECENTRIQ (atezolizumab) plus carboplatin and etoposide (chemotherapy) for the initial (first-line) treatment of people with previously-untreated extensive-stage small cell lung cancer. The...

Quest Diagnostics (DGX) Tuesday announced a definitive agreement to acquire the U.S. laboratory services business of Oxford Immunotec Global Plc (OXFD). The transaction is expected to be completed in the fourth quarter of 2018. The financial aspects of the deal were not revealed. The acquisition,...

Takeda Pharmaceutical Company Limited (TKPHF.PK) announced results from the Phase 3 ALTA-1L or ALK in Lung Cancer Trial of BrigAtinib in 1stLine trial, demonstrating that ALUNBRIG reduced the risk of disease progression or death, known as progression-free survival or PFS, as assessed by a blinded independent...

British drug major AstraZeneca (AZN.L, AZN) and MedImmune Inc. (MEDI), the company's global biologics research and development arm, said Tuesday that they presented data on overall survival or OS in the Phase III PACIFIC trial of Imfinzi, during the Presidential Symposium of the IASLC 19th World Conference...

Westlake Chemical Corp. (WLK) announced it has issued an exclusive, binding offer to acquire NAKAN, a global compounding solutions business, from private equity firm, OpenGate Capital. Westlake will pay approximately $265 million in cash, subject to adjustment. NAKAN, headquartered in Reims, France,...

Boeing Co. (BA) said Tuesday it has completed the acquisition of Millennium Space Systems, a provider of flight-proven small-satellite solutions. Millennium Space Systems will operate under Boeing Phantom Works as a subsidiary called Millennium Space Systems, a Boeing company. The company will retain...

Michael Kors Holdings Limited (KORS), a global fashion luxury group, said that it agreed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of 1.83 billion euros or approximately US$2.12 billion. Capri Holdings Limited (CPRI) is...

U.S. Bancorp (USB) said Tuesday it has agreed to sell its third-party ATM and Debit Servicing business, which is part of the company's Elan Financial Services unit, to Fiserv, Inc. (FISV) for about $690 million. The sale includes business assets and a debit card processing network previously acquired...

Fiserv, Inc. (FISV) announced it has agreed to acquire the debit card processing, ATM Managed Services and MoneyPass surcharge free network of Elan Financial Services, a unit of U.S. Bancorp (USB). At closing, Fiserv will pay a purchase price of approximately $690 million. The acquired business has revenue...

FactSet (FDS) announced, for fiscal 2019, the company expects adjusted EPS to be in the range of $9.45 and $9.65. The mid-point of the guidance represents a 12% growth over the prior year. GAAP revenues are expected to be in the range of $1.41 billion and $1.45 billion. Organic Annual Subscription Value...

Chesapeake Energy Corp. (CHK) announced it has commenced an underwritten public offering of $1.25 billion aggregate principal amount of senior notes, consisting of a series of senior notes due 2024 and a series of senior notes due 2026. The company intends to use the net proceeds, together with cash...

Comcast Corp. (CMCSK, CMCSA) announced Tuesday that its indirect unit Comcast Bidco Limited has acquired 515,885,170 Sky Shares at 17.28 pounds per Sky Share representing approximately 30 percent of the Sky Shares currently in issue. Comcast's recommended superior cash offer is now a mandatory offer...

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