Business News

aws jun18 lgSupercar maker Ferrari has selected Amazon.com Inc's (AMZN) Amazon Web Service as its official cloud service provider. Amazon on Friday announced that Amazon Web Services, Inc. has inked a deal with Ferrari S.p.A. to become their official cloud, machine learning, and artificial intelligence provider. The...
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FDA Approves Bayer's Nonprescription, Nasal Antihistamine

The U.S. Food and Drug Administration has approved Bayer AG's (BAYZF.PK) Astepro, a nasal spray to relieve allergy symptoms, to be sold without prescription. Under a process called partial prescription to nonprescription switch, the FDA approved nasal antihistamine for nonprescription use through....
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Smith & Wesson Swings To Q4 Profit

Firearm maker Smith & Wesson Brands Inc. (SWBI) Thursday reported fourth-quarter profit of $89.2 million or $1.70 per share, compared with net loss of $66.1 million or $1.20 per share last year. Adjusted profit was $89.6 million or $1.71 per share, compared with $27.5 million or $0.50 per share last...
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Australia Retail Sales Rise 0.1% In May

The total value of retail sales in Australia was up a seasonally adjusted 0.1 percent on month in May, the Australian Bureau of Statistics said on Monday - coming in at A$31.069 billion. That missed expectations for an increase of 0.5 percent following the 1.1 percent increase in April. Food retailing...
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Sykes Enterprises Agrees To Go Private In $2.2 Bln All-Cash Deal With Sitel

Sykes Enterprises, Inc. (SYKE), a full life cycle provider of customer experience management services, Friday said it has agreed to be acquired by Sitel Group at a purchase price of $54 per share in a deal valued at around $2.2 billion on a fully diluted basis. In pre-market activity on Nasdaq, Sykes...
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Germany's Cherry Sets IPO Price Range At EUR 30 - EUR 38/ Share

Cherry AG, a German manufacturer of high-end switches for mechanical keyboards and of computer input devices, announced Tuesday that it has set price range of its initial public offering or IPO at 30 euros to 38 euros per share. Based on the price range, Cherry's post-IPO market capitalization is...
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Stock Alert: Ares Commercial Real Estate Down 9%

Shares of Ares Commercial Real Estate Corp. (ACRE) are slipping nearly 9% in Friday's trading. The company announced that it has priced its offering of 6.5 million shares for total proceeds of about $102.8 million. ACRE is currently trading at $14.83, down $1.48 or 9.07%, on the Nasdaq. The stock...
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