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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...

The TJX Companies, Inc. (TJX) said, for the second quarter, earnings per share were at the high end of the company's expectations, and consolidated comparable store sales increased 2 percent, which was in line with its guidance. For the second-quarter, earnings per share were $0.62, up 7 percent...

br-082019.jpg Corporate America is committed to providing long-term economic benefit to all people rather than focusing on just shareholders' interests, Business Roundtable said Monday. The updated statement on the "purpose of a corporation" moves away from the principles of shareholder primacy that has been endorsed since 1997, and redefines corporate responsibility.

Motorola Solutions, Inc. (MSI) said the patent infringement case against Hytera in the Illinois District Court will proceed to trial. The Court recently denied Hytera's motion to dismiss the case. "We believe Hytera continues to infringe Motorola Solutions' patents, including with its new i-Series...

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