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Dr. Reddy's Laboratories (500124, DRREDDY, RDY) announced Wednesday the acquisition of an eminent portfolio of over-the-counter or OTC brands in the cough-and-cold, pain, and dermatology categories. The company acquired six OTC brands from Ducere Pharma, including DOAN'S, BUFFERIN, NUPERCAINAL Ointment,...

Electric transmission company ITC Holdings Corp. (ITC), which is in deal to be bought by Fortis Inc. in $11.3 billion deal, Wednesday announced that Rejji Hayes has been promoted to executive vice president and chief financial officer. Hayes continues to be responsible for the company's accounting,...

Hormel Foods Corp. (HRL) announced Jody Feragen will retire as executive vice president and CFO, and as a member of the Board, effective October 30. The Board elected James Sheehan to be next senior vice president and CFO, effective October 31. James Sheehan was most recently elected as vice president...

Amazon.com, Inc. (AMZN) announced plans to open its second fulfillment center in Joliet, Illinois. The company will create more than 2,000 full-time jobs at the facility. Amazon employees at the new 700,000 square-foot Joliet fulfillment center will pick, pack and ship smaller items to customers like...

Microsoft Corp. (MSFT) announced plans to streamline the company's smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of approximately $950 million, of which approximately $200 million will relate to severance...

FedEx Corp. (FDX), FedEx Acquisition B.V. and TNT Express N.V. announced FedEx has acquired TNT Express in a 4.4 billion euros deal. The companies said the integration process will begin immediately. Once the integration is complete, FedEx expects customers to enjoy an expanded global offering that draws...

Bertrandt Group reported first-half post-tax earnings of 28.9 million euros compared to 29.9 million euros, a year ago. Operating profit was 42.2 million euros, compared to 43.8 million euros, equal to a margin of 8.7 percent compared to 9.7 percent, prior year. In the first six months of 2015/2016,...

Deutsche Telekom (DTEGY.PK) CEO, Tim Höttges, outlined three areas which will be responsible for Deutsche Telekom's advance in 2016: shareholding structure; customer service; and Network build-out. Höttges made it plain that the network of the future will be based on optical fiber but will be more than...

Marks & Spencer Group Plc (MAKSY.PK, MAKSF.PK, MKS.L) reported profit before tax of 488.8 million pounds for the 53 weeks ended 2 April 2016 compared to 600.0 million pounds for the 52 weeks ended 28 March 2015. Profit to owners of parent decreased to 406.9 million pounds from 486.5 million pounds, a...

Oil services firm Technip SA (TNHPF.PK, TKPPY.PK) Wednesday said its unit Technip Umbilicals Ltd. has been awarded a contract by Statoil ASA (STO) to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway. The contract covers project management, engineering and manufacture of over...

Novartis International AG (NVS) said its management has reiterated commitment to growth with margin expansion for Sandoz division. The division has said it would announce a total of 10 new filings between 2015 and 2017. Six have been announced, and Sandoz is on track for the remaining four (epoetin alfa...

Roche (RHHBY.PK) announced the United States Food and Drug Administration (FDA) approval of the first cytomegalovirus or CMV test for use in hematopoietic stem cell transplant recipients. With this approval, the COBAS AmpliPrep/COBAS TaqMan CMV Test is available for monitoring CMV treatment in all types...

Boston Properties, Inc. (BXP) said that it has signed a binding agreement with real estate funds managed by Blackstone, through its investment in Equity Office Properties, to acquire a 49.8% interest in an existing joint venture with Teachers Insurance and Annuity Association or "TIAA" that owns the...

TreeHouse Foods, Inc. (THS) said that it plans to close two manufacturing plants in Azusa, California and Ripon, Wisconsin. The decision follows an analysis of the Company's plant network to align operations with the current and future needs of its customers and eliminate excess manufacturing capacity. The...

Alliance One International Inc. (AOI) reported that its net loss for the nine months ended December 31, 2015 widened to $36.1 million or $4.06 per share, from $28.5 million or $3.24 per share for the prior year period. Included in net loss for the nine months ended December 31, 2015 was $4.1 million...

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