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Chinese e-commerce giant Alibaba has created a new sales record on Singles Day. Singles' Day is a shopping holiday popular among young Chinese people that celebrate their pride in being single. The shopping festival is held on November 11. This year was the 11th edition of the annual Singles Day event....

The Hong Kong Securities and Futures Commission or SFC fined UBS AG (UBS) HK$400 million for overcharging its clients over a ten-year period and for related serious systemic internal control failures. The overcharging affected about 5,000 Hong Kong-managed client accounts in about 28,700 transactions,...

WW International Inc. (WW), formerly known as Weight Watchers International, has launched a customized weight-loss program with three different plan options to match individual members. According to the weight-loss company, the new 'myWW' program is driven by science as well as behavioral insights...

The New York-based private equity firm KKR has formally made an offer to buy Walgreens Boots Alliance Inc. (WBA), Bloomberg reported citing people familiar with the matter. Walgreens Boots has been reviewing a potential deal with a financial adviser to take the company private amid buyout interest,...

Carbonite Inc. (CARB) said that it agreed to be acquired by OpenText (OTEX,OTEX.TO) for $23.00 per Carbonite share in cash, valuing Carbonite at an enterprise value of about $1.42 billion. The deal price represents a 78% premium to Carbonite's unaffected closing stock price on September 5, 2019, the...

applecard-nov11.jpg A New York regulator has launched an investigation into the credit card practices of Goldman Sachs Group Inc. for alleged gender discrimination in determining limits for Apple's new credit card, which is administered by Goldman Sachs. The Apple Card, Apple's first credit card, was introduced by the tech giant in March this year in partnership with Goldman Sachs and Mastercard.

UnitedHealth Group (UNH), a diversified health care company, has appointed Andrew Witty as Group President. He will oversee enterprise business strategy formulation, enterprise business development and partnerships and oversight of enterprise research and development and clinical capacities in addition...

Synopsys Inc. (SNPS) said that it agreed to acquire certain IP assets from eSilicon. Terms are not being disclosed. The transaction, which is expected to close during Synopsys' first quarter of fiscal 2020, is not material to Synopsys' financials. The remaining entirety of eSilicon, including its...

Allergan plc (AGN) said that the U.S. Food and Drug Administration has granted Qualified Infectious Disease Product or QIDP Designation and Fast Track Designation for ATM-AVI or aztreonam and avibactam, for the treatment of complicated intra-abdominal infections (cIAI), complicated urinary tract infections...

Telefonica Deutschland Holding AG (TELDF.OB, TFTHF.OB) said Monday that the company, Deutsche Telekom AG (DTEGY.PK), and and Vodafone Group plc (VOD.L, VOD) have agreed to cooperate in expanding their networks throughout Germany. The expansion will ensure the best possible mobile broadband coverage...

The FDA has turned down Lipocine Inc.'s (LPCN) TLANDO, an oral testosterone product candidate for testosterone replacement therapy in adult males for hypogonadism, yet again.

Lipocine Inc. (LPCN) has received a Complete Response Letter or CRL from the FDA regarding the company's New Drug Application for TLANDO, an oral testosterone product candidate. The FDA has stated that the efficacy trial did not meet the three secondary endpoints for maximal testosterone concentrations. "We...

JPMorgan Chase & Co. (JPM) announced a $2.3 million, two-year commitment to NPower to provide technology-focused job training to more than 700 veterans in San Jose, CA, Jersey City, NJ and Dallas, TX. The company noted that NPower will provide in-demand digital skills training and job placement services...

Regis Corp. (RGS) announced Monday the appointment of Kersten Zupfer as Executive Vice President and Chief Financial Officer, effective November 11, 2019. She was most recently serving as the company's Senior Vice President and Chief Accounting Officer since November 2017. Zupfer has served in accounting...

Neptune Wellness Solutions Inc. (NEPT) has entered into a collaboration agreement with International Flavors & Fragrances Inc. (IFF) to co-develop hemp-derived CBD products for the mass retail and health & wellness markets. The first products under the agreement will be launched in the first half of...

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