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Owens Corning (OC) said Wednesday that its fourth-quarter 2018 net earnings attributable to the company were $171 million or $1.55 per share, compared to net loss of $4 million or $0.04 per share in the year-ago period. Adjusted earnings for the quarter were $152 million or $1.38 per share, compared...

Caesars Entertainment Corp. (CZR) said that it plans to carefully evaluate Carl Icahn's suggestions, including his request for Board representation. Caesars issued statement regarding the Form 13D filing with the Securities and Exchange Commission by High River Limited Partnership and other entities...

Fresenius Medical Care AG (FMS) announced Wednesday that Chief Financial Officer Michael Brosnan plans to retire from the Company after his successor has been identified and transitioned into the role. Fresenius Medical Care expects to name a new CFO by the end of this year. Brosnan has been Global...

Beximco Pharmaceuticals Limited (BXP.L ), a Bangladesh -based manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, announced Wednesday that it has agreed with Sandoz Inc., a division of Novartis (NVS), to acquire a portfolio of eight Abbreviated New Drug Applications...

The UK's Competition and Markets Authority or CMA said Wednesday that it has provisionally found extensive competition concerns as part of its in-depth investigation of the proposed merger between J Sainsbury plc's (JSAIY.PK, SBRY.L) supermarket chain Sainsbury's Supermarkets Ltd. and Asda Group Ltd.,...

Glencore Plc. (GLCNF.PK, GLNCY.PK, GLEN.L) on Wednesday reported a 41 percent fall in fiscal 2018 net income to $3.41 billion from $5.78 billion last year. Earnings per share declined to $0.24 from $0.40 a year ago. The decline in net income was mainly due to non-cash impairments at Mutanda and Mopani,...

Lloyds Banking Group plc (LLOY.L, LYG) reported fiscal 2018 pretax profit of 5.96 billion pounds compared to 5.27 billion pounds, previous year. The Group's statutory profit after tax of 4.40 billion pounds was 24 percent higher than in 2017, driven by increased underlying profit, a reduction in the...

Indian Supreme Court on Wednesday ruled in favor of Swedish telecom equipment maker Ericsson in its case against industrialist Anil Ambani's company for not clearing dues. The top court held Reliance Communication or RCom chairman Anil Ambani and two directors guilty of contempt, and asked to pay...

Fresenius SE (FSNUF.PK, FSNPF.PK) reported that its fiscal 2018 Group net income to shareholders of Fresenius SE & Co. KGaA increased by 12% (15% in constant currency) to 2.03 billion euros, mainly due to gains related to divestitures of Care Coordination activities at Fresenius Medical Care. Earnings...

Fresenius Medical Care AG (FMS) reported Wednesday that its fiscal 2018 net income increased by 55%, or 60% at constant currency, to 1.98 billion euros from the prior year. Basic earnings per share increased to 6.47 euros from 4.17 euros last year. Excluding effects, net income increased 11 percent...

Wix.com Ltd. (WIX), a cloud-based website development platform, reported Wednesday that its fourth-quarter net loss was $5.8 million, or $0.12 per share, compared to a net loss of $6.6 million, or $0.14 per share a year ago. Adjusted net income was $20.8 million, or $0.42 per share, compared to $7.2...

Fresenius Medical Care AG & Co. KGaA (FMS) said Wednesday that it has resolved to repurchase shares of the company with an aggregate volume of up to one billion Euros via the capital markets over the next two years. The company will carry out the share repurchase program in several tranches and in...

Aceto Corp. (ACET), a developer of Human Health products, Pharmaceutical Ingredients and Performance Chemicals, announced Tuesday that it has entered into a "stalking-horse" asset purchase agreement with New York-based investment firm New Mountain Capital. The deal is to sell its chemicals business...

Branded food company Hormel Foods Corp. (HRL) announced Tuesday that it has entered into a definitive agreement to sell its CytoSport business to PepsiCo, Inc. (PEP).The terms of the deal were not disclosed. The transaction is subject to customary closing conditions, including regulatory approvals,...

McKinsey & Co. agreed to pay $15 million to settle the U.S. Justice Department allegations that the consulting firm failed to make required disclosures of potential conflicts in three bankruptcy cases it has advised on in recent years. The Department of Justice's U.S. Trustee Program (USTP) said it...

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