logo

Breaking News

Share

Ball Corp. (BLL) Wednesday said it agreed to sell its tinplate steel aerosol packaging facilities in Garin and San Luis, Argentina, to Envases del Plata S.A., an Argentinian metal packaging company. The transaction is expected to close later this year. Ball said it will continue to serve the growing...

youtube-aug21.jpg YouTube is finalizing plans under which it will no longer serve "targeted" advertisements on its main site for videos meant for kids, Bloomberg reported, citing people familiar with the discussion. While the plan is reportedly intended to satisfy U.S. regulators, it could negatively impact the Google-owned video giant's ad sales as kids' content on YouTube is immensely popular.

gamestop-aug21.jpg Video game retailer GameStop Corp. laid off more than 120 employees, or nearly 14 percent of the total workforce at its corporate headquarters and at some other offices, according to reports. The layoffs also include senior editorial staff at Game Informer, the company's print and digital publication. Some of the senior staff at Game Informer took to Twitter to announce about their layoffs.

Perrigo Company plc (PRGO) said that it has settled its Hatch-Waxman litigation relating to Nascobal Nasal Spray brought by Endo Pharmaceuticals Inc. It did not disclose terms of the settlement. According to IQVIA, annual market sales for the 12-months ending June 2019 were $90 million. Perrigo...

uber-aug21.jpg Uber Technologies Inc. will establish a new U.S. general and administrative hub in Dallas, which will create 3,000 new jobs and more than $75 million in capital investment, Texas Governor Gregg Abbott said. Uber will get a grant of $24 million from the Texas Enterprise Fund or TEF, a business incentive fund that is used for attracting new business to the state and to ensure their growth.

While reporting financial results for the second quarter on Wednesday, children's specialty apparel retailer The Children's Place, Inc. (PLCE) provided adjusted earnings guidance for the third quarter and slashed adjusted earnings guidance for the full-year 2019. For the third quarter, the company...

Pembina Pipeline Corp. (PPL.TO, PBA) said it will acquire Kinder Morgan Canada Limited (KML.TO) and Cochin US from Kinder Morgan. The deal values Kinder Morgan Canada at approximately C$2.3 billion, or C$15.02 per share. Total purchase price is approximately C$4.35 billion. The deal includes the U.S....

While reporting financial results for the second quarter on Wednesday, retailer Target Corp. (TGT) initiated adjusted earnings and comparable sales guidance for the third quarter as well as raised adjusted earnings guidance for the full-year 2019. For the third quarter, Target expects comparable sales...

While reporting financial results for the second quarter on Wednesday, home improvement retailer Lowe's Companies, Inc. (LOW) affirmed its adjusted earnings and sales growth guidance for the full-year 2019. For fiscal 2019, the company continues to project adjusted earnings in the range of $5.45 to...

German lender Commerzbank AG (CRZBY.PK) is considering closing around 100 to 200 branches, Handelsblatt business daily reported citing people familiar with the matter. The bank, which is under pressure to trim costs, is likely to reduce the number of branch offices to around 800-900 from the current...

GlaxoSmithKline plc (GSK.L, GSK) Wednesday announced that it has submitted a Japanese New Drug Application or JNDA to the Ministry of Health, Labour and Welfare seeking marketing approval for daprodustat to treat patients with renal anaemia due to chronic kidney disease or CKD. Daprodustat is an oral...

AstraZeneca plc (AZN.L, AZN) announced Wednesday final overall survival or OS results from the Phase III NEPTUNE trial of Imfinzi plus tremelimumab in Stage IV non-small cell lung cancer or NSCLC. In the trial, the combination of Imfinzi and tremelimumab did not meet the primary endpoint of improving...

Senator Bernie Sanders has called for the legalization of marijuana at the federal level in the U.S. On Sunday, the 2020 Democratic presidential candidate said on Twitter, "We must legalize marijuana nationally, expunge past marijuana convictions and ensure revenue from marijuana is reinvested in...

disney-aug20.jpg Walt Disney Co. confirmed that its upcoming streaming service Disney+ will launch in five countries, including the U.S., in November this year. The company has reached global agreements with major platforms to distribute the Disney+ app across partner mobile and connected TV devices. Disney+ will launch in the U.S., Canada and the Netherlands on November 12.

ScanSource, Inc. (SCSC) said it has decided to sell some businesses outside of the United States, Canada and Brazil. The divestitures include nondigital distribution businesses in Europe, UK, Mexico, Colombia, Chile, Peru and the Miami-based export operations. Mike Baur, CEO, ScanSource, said: "These...

Follow RTT