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KKR & Co. (KKR) is in advanced talks to buy a stake in medical-diagnostics company SRL Ltd. in a deal value of about 50 billion rupees or $774 million, the Bloomberg reported, citing people with knowledge of the matter. Last month, Private equity firms including TPG and Bain Capital were also in talks...

Sandoz, a Novartis (NVS) division, announced that the Committee for Medicinal Products for Human Use (CHMP) has recommended approval of both Sandoz' biosimilar rituximab and biosimilar etanercept in Europe for the same indications as their respective reference medicines. Subject to EC approval, Sandoz...

Interpublic Group of Companies Inc. (IPG) reported that its net income available to IPG common stockholders for the first quarter 2017 significantly increased to $21.5 million or $0.05 per share from $5.4 million or $0.01 per share in the prior year. Analysts polled by Thomson Reuters expected the company...

Wells Fargo & Company (WFC) announced the expansion of its class-action settlement for retail sales practices to include any customers who were impacted by sales practice issues as early as May 2002. The settlement class now will consist of all customers who claim that Wells Fargo opened an account in...

Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) announced it has decided to list SILIQ (brodalumab) injection, at $3,500 per month, which is the lowest injectable biologic psoriasis treatment currently on the market. SILIQ will also be included in the company's patient access program. The sales...

ManpowerGroup (MAN) reported that net earnings for the first-quarter ended March 31, 2017 were $74.4 million, or $1.09 per share, compared to net earnings of $71.7 million, or $0.98 per share, a year earlier. The latest-quarter result included restructuring charges which reduced earnings per share...

Amazon.com, Inc. (AMZN) announced plans to open three additional fulfillment centers in New Jersey. The new sites in Cranbury Township, Edison and Logan Township will create more than 2,500 new, full-time jobs. Amazon employees at the fulfillment center in Cranbury Township and the fulfillment center...

Rockwell Collins, Inc. (COL) announced its financial guidance for continuing operations for fiscal 2017 has been updated to include the impact of the B/E Aerospace acquisition completed on April 13, 2017. Total sales are now projected to be in a range of $6.7 billion to $6.8 billion, compared to prior...

Honeywell International Inc. (HON) reported Friday that its first-quarter attributable net income grew to $1.33 billion from last year's $1.22 billion. Earnings per share increased 10 percent to $1.71 from $1.56 a year ago. On average, 18 analysts polled by Thomson Reuters expected earnings of $1.62...

SunTrust Banks, Inc. (STI) reported Friday that its first-quarter net income available to common shareholders was $451 million or $0.91 per share, higher than last year's $430 million or $0.84 per share. The latest quarter was favorably impacted by $0.04 per share of discrete tax benefits. Adjusted...

Stanley Black & Decker (SWK) increased its 2017 GAAP EPS guidance range To $7.95 to $8.15 from prior range of $7.63 To $7.83; and increased adjusted EPS guidance range to $7.08 To $7.28 from prior range of $6.98 To $7.18. The company raised its earnings guidance due primarily to an improved outlook for...

Reckitt Benckiser Group PLC (RBGPF.PK, RB.L) reported first-quarter revenue of 2.64 billion pounds, an increase of 15%, on reported basis, from last year. The Group said it is on track to achieve fiscal 2017 net revenue target of 3% LFL growth. The Mead Johnson acquisition is progressing well and continues...

Marc Lore, president and chief executive officer of Walmart eCommerce U.S, received $243.9 million compensation in 2016, fueled by shares he received as part of the sale of his company to Wal-Mart Stores Inc. (WMT). The package included restricted stock worth $236.3 million, which came as part of...

General Motors Venezolana said Thursday that it was forced to cease operations in Venezuela due to an illegal judicial seizure of its assets. On Wednesday, General Motors Venezolan or GMV said its plant was unexpectedly taken by the public authorities, preventing normal operations. In addition, other...

The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG (DB) that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and unsound practices in the foreign exchange (FX) markets, as well...

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