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Osram (OSAGF.PK) announced it has received a major order from BMW Group to convert eight of the car manufacturer's plants in Germany and Austria to modern and energy-saving LED technology. The up to 170,000 luminaires covered by the framework agreement are being installed in several phases through to...

Anheuser-Busch InBev SA/NV (AHBIF.PK, BUD) announced its shareholders expressed their support for the combination between SABMiller plc (SBMRY.PK, SAB.L) and AB InBev by passing all resolutions that were proposed in connection with the combination. AB InBev also announced that the combined group will...

SAP SE (SAP) announced investment plans of 2 billion euros over five years to help business and government entities benefit from the proliferation of sensors, smart devices and Big Data that is transforming business with the Internet of Things (IoT). The company plans to accelerate innovation in its...

Deutsche Bank (DB) announced it has reached an agreement with Phoenix Life Holdings Limited, a subsidiary of Phoenix Group Holdings Limited, to sell its Abbey Life business for 935 million pounds. Deutsche Bank noted that the transaction will result in an expected pre-tax loss of approximately 800 million...

Moody's Corp. (MCO) announced a collaboration with Euler Hermes Rating GmbH or EHRG, a Hamburg-based ratings agency, to provide credit ratings for small- and medium-sized enterprises or SMEs and mid-cap companies across Europe. EHRG is a subsidiary of Euler Hermes. As part of the collaboration, Moody's...

Bayer (BAYZF.PK, BAYRY.PK, BYR.L) announced that the first patient was enrolled in VICTORIA, a pivotal Phase III clinical study led by Bayer's collaboration partner MSD, which will investigate vericiguat in patients suffering from chronic heart failure with reduced ejection fraction. VICTORIA will enroll...

Celgene International Sàrl, a wholly owned subsidiary of Celgene Corp. (CELG), announced that long-term safety findings from ongoing clinical trials of apremilast, the Company's oral, selective inhibitor of phosphodiesterase 4 or PDE4, were presented at the European Academy of Dermatology and Venereology...

IT firm Infosys (INFY) announced Wednesday the launch of Skava Commerce, a modern, mobile-first and modular e-commerce platform that delivers engaging omni-channel experiences. Skava Commerce provides a comprehensive suite of e-commerce microservices that can be used independently or in conjunction...

British technology company Smiths Group plc (SMIN.L) reported Wednesday that its fiscal 2016 pre-tax profit increased to 346 million pounds from last year's 325 million pounds. Earnings per share grew to 65.6 pence from 62.4 pence a year ago. Headline pre-tax profit was 451 million pounds, compared...

TUI AG (TUIFF.PK) announced the Group is confident of delivering between 12% and 13% growth in underlying EBITA for the twelve months ending 30 September 2016. TUI Group will issue its Annual Report for the full year 2015/16 on 8 December 2016. The Group said Summer 2016 trading remains in line with...

Baidu Inc. (BIDU), a Chinese language Internet search provider, announced Wednesday that it is the lead investor in a new $60 million Brazil-based investment fund named "Easterly Ventures". Easterly Ventures plans to invest in as many as 15 Brazilian startup companies during its investment period, with...

BP (BP.L, BP_UN.TO, BP) said that it has signed with His Excellency the Egyptian Minister of Petroleum, Eng. Tarek El Molla, concession amendments for the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt. These amendments allowed for the economic development of the Nooros development,...

Goldman Sachs Group Inc.'s (GS) head of Southeast Asia, Michael Smith, plans to leave after 10 years at the firm, according to reports citing people familiar with the matter. Smith, a partner who also heads the real estate team in Asia, was in discussions with the company about his departure plan,...

Merlin Entertainments Plc. (MERL.L) was fined 5 million pounds by a U.K. court over a roller coaster crash that caused two people to lose limbs. Merlin said it was always aware it would face a "substantial" fine over the accident, for which it has accepted responsibility and apologized. Five people...

Polycom, Inc. (PLCM) announced the completion of its acquisition by affiliates of Siris Capital Group, LLC in a deal worth about $2.0 billion in cash. Polycom's stock will cease trading on the Nasdaq under the ticker symbol PLCM, effective Tuesday. Polycom stockholders will receive $12.50 per share in...

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