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BHP (BHP.AX, BLT.L, BBL, BHP) announced approval of capital expenditure of US$2.46 billion for the Spence Growth Option or SGO at the Spence open-cut copper mine in northern Chile, which will extend the mine life by more than 50 years. In the first 10 years of operation, incremental production from...

Telstra and News Corp. (NWSA, NWS) announced intention to combine Foxtel and Fox SPORTS Australia into a new company to deliver premium sports as well as homegrown, original and international entertainment. News Corp. will have 65 percent shareholding in the new company and Telstra will have 35 percent....

correction: corrects earlier article to say the company posts loss for the quarter, not wider loss. Specialty department store operator Stage Stores, Inc. (SSI) Thursday said it has revised its fiscal 2017 guidance for a loss. The company also reported a loss in its second quarter, compared to last...

China Lodging Group, Limited (HTHT) announced, for the full year of 2017, the company raised net revenues growth range to 23% to 26%, given the consolidation of Crystal Orange and better-than-expected performance. Excluding the impact of the Crystal Orange acquisition, the net revenues is expected to...

Gilead Sciences Canada, Inc. announced that Health Canada has granted a Notice of Compliance for VOSEVI tablets, a pan-genotypic single-tablet regimen for the treatment of chronic hepatitis C virus infection in adults with genotype 1, 2, 3, 4, 5 or 6 previously treated with an NS5A inhibitor-containing...

Shares of Hikma Pharmaceuticals Plc (HIK.L, HKMPY) declined around 12 percent in the morning trading in London after the company reduced its fiscal 2017 outlook for group revenues after lowering guidance for the Generics business. In its first half, the company reported higher earnings and revenues. Separately,...

Ericsson (ERIC) announced the company sued Wiko in Germany for infringement of patents essential for 2G, 3G and 4G cellular technology, as well as implementation patents. Ericsson said Wiko has been infringing the company's intellectual property rights for six years without any license or compensation. Gustav...

Vestas (VWDRY.PK) reported that its second-quarter profit decreased to 186 million euros from 278 million euros, prior year. Earnings per share was 0.87 euros compared to 1.26 euros. EBIT decreased by 30 percent to 279 million euros from 399 million euros. The EBIT margin was 12.6 percent compared to...

Wirecard AG (WRCDF.PK), a German provider of electronic payment and risk management applications, reported Thursday that its first-half earnings after tax decreased 37.3 percent year on year to 104.5 million. Earnings per share declined to 0.85 euros from 1.35 euros last year. The latest earnings...

Swiss telecommunication services firm Swisscom AG (SWZCF.PK, SCMWY.PK) reported Thursday that its first-half net income grew 6.5 percent to 839 million Swiss francs from last year's 788 million francs. Operating income before depreciation and amortisation or EBITDA increased 1.5% to 2.26 billion francs,...

Sanitary technology solutions provider Geberit Group (GBERF.PK) reported Thursday that its first-half net income declined 18.4 percent to 258.2 million Swiss francs from 316.3 million francs last year. Earnings per share fell 18.3 percent to 7.01 francs from 8.58 francs last year. Adjusted net...

Neff Corp. (NEFF) announced that it has received notice from H&E Equipment Services, Inc. (HEES) that H&E has determined not to submit a revised proposal to acquire the Company in response to a previously announced acquisition proposal from a strategic bidder to acquire all of the outstanding shares...

Perrigo Company plc (PRGO) announced it has received final approval from the U.S. FDA for its AB rated Abbreviated New Drug Application referencing Mycolog II Cream. Mycolog II Cream is indicated for the treatment of cutaneous candidiasis. The company anticipates launching the product in the fourth quarter of 2017.

BMW Group (BMW.L, BAMXF.PK, BAMXY.PK), Intel and Mobileye announced today that they have signed a memorandum of understanding with the intention for Fiat Chrysler Automobiles to be the first automaker to join them in developing autonomous driving platform. FCA will bring engineering and other technical...

Trian Fund Management L.P., whose investment funds beneficially own about $3.5 billion of shares of The Procter & Gamble Company (PG), is mailed a letter to its fellow shareholders detailing why it believes that adding to the Board Nelson Peltz, an independent director with a material ownership stake...

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