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Electrolux (0MDT.L, 0GQ1.L, ELUXY.PK) said it is focused on achieving sustainable profitability in all business areas, with high priority on securing a Group EBIT margin of 6% over the business cycle. This will be achieved through innovative product launches and an active product portfolio management,...

German drug discovery solutions company Evotec AG (EVTCY.PK, EVOTF.PK) announced Friday a strategic alliance with biotechnology start-up Forge Therapeutics, Inc. to advance its novel Gram-negative antibiotic programme targeting 'LpxC' for the treatment of bacterial infections including those caused by...

Medical technology company Carl Zeiss Meditec AG (CZMWF.PK) reported Friday that its fiscal 2016 earnings per share climbed to 1.21 euros from last year's 0.77 euro. Earnings before interest and taxes or EBIT rose to 154.3 million euros from 130.6 million euros a year ago. The EBIT margin increased...

Stillwater Mining Company (SWC) announced it has entered into an agreement with Sibanye Gold Limited (SBGL), under which Sibanye will acquire Stillwater for $18.00 per share in cash representing an aggregate enterprise value of $2.2 billion. The Board of Stillwater Mining has unanimously approved the...

Ford Motor Co. (F) announced Friday that it has topped the automotive industry for the most U.S. patents granted in the year 2016. The U.S. Patent and Trademark Office granted Ford approximately 1,500 U.S. patents to Ford employees so far this year, more than any other automaker, according to agency...

3M co. (MMM) said that it agreed to sell the identity management business within its Traffic Safety and Security Division, to Gemalto for $850 million, subject to closing and other adjustments. 3M's identity management business is a leader in identity management solutions providing biometric hardware...

China Distance Education Holdings Ltd. (DL) Thursday announced that its majority-owned subsidiary Beijing Zhengbao Yucai Education Technology Co., Ltd. has delivered a revised share issuance plan to China's New Third Board, an over-the-counter stock exchange. Zhengbao Yucai expects to raise funds...

While reporting its fourth-quarter financial results today, Toro Co. (TTC) said that its board of directors increased the quarterly dividend by 16.7 percent. The company also forecast earnings for the first quarter and fiscal 2017 in line with analysts' estimates. The company's board of directors...

AstraZeneca PLC (AZN.L, AZN) announced results from a pre-specified subgroup analysis of the positive Phase III FALCON trial suggesting that treatment effects in terms of progression-free survival were largely consistent across the subgroups analyzed with some possible exceptions, including patients...

Eli Lilly and Co. (LLY) said that the neoMONARCH study of abemaciclib, a cyclin-dependent kinase or CDK 4 and CDK 6 inhibitor, met its primary endpoint of reducing expression of Ki67, a biomarker of cell proliferation, after two weeks of treatment. Final data from the Phase 2 trial presented during...

Waters Corp. (WAT) announced Sherry Buck as its Senior Vice President and CFO, effective January 9, 2017. Ms. Buck replaces Eugene Cassis, Waters' CFO, who will transition to a senior advisory role. Ms. Buck has been CFO of Libbey Inc. for more than four years. Prior to joining Libbey, Ms. Buck spent...

Gilead Sciences, Inc. (GILD) announced it has submitted a New Drug Application (NDA) to the U.S. FDA for an investigational, once-daily single tablet regimen containing sofosbuvir 400 mg, velpatasvir 100 mg, and voxilaprevir 100 mg (SOF/VEL/VOX) for the treatment of direct-acting antiviral-experienced...

Majesco Entertainment Inc. (COOL) said it signed a definitive merger agreement with PolarityTE Inc. Upon the closing of the transactions, Polarity will become a wholly-owned subsidiary of Majesco. Majesco will issue preferred stock in the transaction which, when converted, would represent approximately...

St. Jude Medical, Inc. (STJ) announced CE mark approval for full-body magnetic resonance conditional labeling of the Proclaim Elite Spinal Cord Stimulation System. With the latest approval, patients who receive the Proclaim Elite SCS System can now undergo full-body magnetic resonance imaging (MRI) diagnostic...

Aegon NV (AGN.L, AEG) announced new actions to accelerate its restructuring in the US, which will include further net reduction of over 500 positions. The company said its original $150 million expense savings plan will be completed in 2017, one year ahead of schedule, and the expense savings target...

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