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Insys Therapeutics, Inc. (INSY) reported Wednesday that the Phase 3 trial for the Buprenorphine Sublingual Spray met its primary endpoint. Insys is developing Buprenorphine Sublingual Spray for sublingual administration as a treatment for moderate to severe pain. The trial was a multicenter, randomized,...

Jones Lang LaSalle Inc. (JLL) announced that Christian Ulbrich, who has held the role of President since June, will now also assume the position of CEO, effective October 1, 2016. Ulbrich will succeed Colin Dyer who will step down from the CEO role on September 30, 2016. Ulbrich joined JLL in 2005...

ReneSola Ltd (SOL) announced, for full year 2016, the company now expects revenue in the range of $900 million to $1.1 billion, compared with previous guidance of $1.0 billion to $1.2 billion. The company said its lower revenue outlook reflects a slowdown in shipments and lower ASP. For third-quarter...

Biotechnology company Telesta Therapeutics Inc. (TST.TO, BNHLF) announced Wednesday that it has executed a binding agreement to be acquired by ProMetic Life Sciences Inc. (PLI.TO) for consideration of $0.14/Telesta share. James Rae, Chairman of the Board of Directors of Telesta, said, "Following a...

CNOOC Limited (CEO, CNU.TO) reported a basic loss per share of RMB 0.17 for the six months ended June 30, 2016. Net loss was RMB 7.74 billion. Oil and gas sales revenue were RMB 55.08 billion, representing a decline of 28.5% from prior year. Total net oil and gas production reached 241.5 million BOE,...

Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L) reported that its loss before income taxes for the first-half of 2016 widened to $698 million from $683 million in the prior year period. Net income attributable to equity holders of the parent pre-significant items for the period dropped to $300 million from...

Hikma Pharmaceuticals PLC (HIK.L, HKMPY) reported Wednesday that its first-half profit before tax was $83 million, down from $170 million last year. Profit attributable to shareholders decreased 57% to $58 million and basic earnings per share decreased 62% to 25.7 cents. Core profit before tax was...

Advertising giant WPP Group Plc. (WPP.L, WPPGY) reported Wednesday that its first-half profit before tax fell 40.1 percent to 425 million pounds from last year's 710 million pounds. Profit after tax of 282 million pounds was down 53.1 percent and earnings per share of 18.9 pence was down 56 percent. The...

Pfizer Inc. (PFE) announced an agreement with AstraZeneca to acquire the development and commercialization rights to its late-stage small molecule anti-infectives business, primarily outside the U.S. The agreement includes the commercialization and development rights to the newly approved EU drug Zavicefta,...

Svenska Cellulosa Aktiebolaget SCA (SCA), a hygiene and forest products company, Wednesday said its Board of Directors plans to initiate work in order to propose to the Annual General Meeting 2017 to decide on a split of the company into two listed companies. This is planned to be completed through...

Australian professional services company WorleyParsons Ltd. (WYGPF.PK, WYGPY.PK, WOR.AX) reported Wednesday that its fiscal 2016 net profit after tax was $23.5 million, compared to a $54.9 million loss last year. Underlying net profit was down 37% to $153.1 million from $243.1 million a year ago....

Australian retailer Wesfarmers Ltd. (WES.AX, WFAFF.PK) reported Wednesday that its fiscal 2016 net profit attributable to members plunged 83.3 percent to A$407 million from last year's A$2.44 billion. Earnings per share were 36.2 cents, down from 215.7 cents a year ago. The latest results included...

Australian airline Qantas Airways Ltd. (QAN.AX, QUBSF.PK) reported Wednesday that its fiscal 2016 statutory profit before tax climbed 80 percent from last year to A$1.42 billion. Earnings per share were 49 cents, up 24 cents from last year. Underlying profit before tax grew 57 percent to A$1.53 billion,...

Finnish network equipment maker Nokia Corp. (NOK) Wednesday said the company and Ooredoo Myanmar have completed the roll-out and launch of the first 4G service in Myanmar. The companies have also extended their existing managed services agreement to incorporate the 4G network, aiming to ensure seamless...

Anbang Insurance Group Co. plans an initial public offering of its life-insurance unit, according to several reports citing people familiar with the mater. The Beijing-based insurer has in recent weeks had discussions with investment banks about an IPO of Anbang Life Insurance Co. The unit could list...

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