International Lease Finance Corporation or ILFC, a wholly owned subsidiary of American International Group, Inc. (AIG), said that Pratt & Whitney, a division of United Technologies Corp. (UTX),will provide exclusive power for up to 100 Embraer E-Jets E2 aircraft based on the letter of intent announced...
TORM A/S (TRMD) announced Wednesday that it has commenced the process to terminate its American Depository Receipt or "ADR" program, which is governed by the Deposit Agreement between the Company and Deutsche Bank Trust Company Americas or the "Depositary" dated as of May 8, 2013, as amended , and delist...
Live Nation Entertainment Inc. (LYV), live entertainment company, said that it has acquired a majority stake in BDG Music Group, the Baltic region's largest concert promotion company. Full terms of the deal were not disclosed.
Since early 2012, BDG Music has produced more than 50 shows in the Baltics...
Aerospace and defense giant Boeing Co. (BA) and Commercial lender CIT Group Inc. (CIT) announced that CIT Aerospace has placed an order for 30 737 MAX 8s.
The company said in a statement, "The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency,...
European merchant for print and office paper, a unit of paper producer Sequana, Antalis, Wednesday said it has made a binding offer to acquire Xerox's (XRX) paper and print media products business in Western Europe. The transaction is expected to close early in the fourth quarter of 2013, subject to...
Anglo-Swedish drug maker AstraZeneca Plc. (AZN, AZN.L) and Bristol-Myers Squibb Co. (BMY) announced top-line results of the Phase IV SAVOR-TIMI-53, or Saxagliptin Assessment of Vascular Outcomes Recorded in Patients with Diabetes Mellitus, clinical trial of Onglyza or saxagliptin.
According to the...
RTI International Metals, Inc. (RTI), a producer of titanium mill products, Wednesday said that its unit RTI Claro, Inc., entered into a long-term contract, a replacement for the recently expired supply arrangement, with Bombardier Aerospace (BBD_A.TO, BBD_B.TO), to supply precision machined components...
Swedish apparel retailer Hennes & Mauritz AB or H&M (HMRZF.PK, HNNMY.PK) posted lower second-quarter profit after tax of 4.66 billion Swedish kronor, or 2.81 kronor per share, compared with last year's 5.22 billion kronor, or 3.15 kronor per share. Quarterly profit after financial items amounted to 6.125...
Nova Measuring Instruments Ltd. (NVMI) announced that Gabi Seligsohn, the company's President & Chief Executive Officer, has informed the Board of Directors of his decision to step down from his position. Gabi Seligsohn's decision comes after 7 years as President & Chief Executive Officer.
The company...
Aegon NV (AEG, AGN.L) said it would detail the actions in progress across its businesses to deliver on its strategic transformation during its Analyst & Investor Conference, which begins later today in London.
Chief Executive, Alex Wynaendts, and senior management from the United Kingdom, the Netherlands...
French telecom-equipment maker Alcatel-Lucent (ALU) unveiled 'The Shift Plan', a detailed three-year plan to reposition the company as a specialist provider of IP Networking and Ultra-Broadband Access. According to the Paris-based firm, the shift plan would mobilize the full range of the company's assets...
Rio Tinto Plc. (RTPPF.PK, RIO.L, RIO, RTNTF.PK) has reportedly laid off senior employees at its Western Australian iron ore headquarters, as the miner tries to cut costs amid lower commodity prices. Roles of up to 50 middle to senior managers are said to have been made redundant.
The move is part...
Netflix, Inc. (NFLX) Wednesday said it would expand into the Netherlands later this year, offering a wide-range of great TV shows and films for one low monthly price.
When launched, broadband Internet users in the Netherlands can subscribe to Netflix and watch Hollywood, local and global TV series...
Internet search giant Google, Inc. (GOOG) has Tuesday challenged the surveillance gag order before a secretive Foreign Intelligence Surveillance Court, citing the first amendment that gives it the right to talk under free speech protections.
Google is currently seeking permission to reveal more about...
Weyerhaeuser Co (WY) announced the pricing of public offering of 12 million 6.375% Mandatory Convertible Preference Shares, Series A at $50.00 per share.
In addition, the underwriters of the offering have an option to purchase up to an additional 1.8 million shares of the Mandatory Convertible Preference...