logo

Breaking News

Share

Novo Nordisk A/S (NVO) said a securities lawsuit has been filed against the company in Denmark. The lawsuit alleges that the company did not make appropriate disclosures regarding its sales of insulin products in the USA. The claim is for a total amount of 11.8 billion Danish kroner. Novo Nordisk...

Ariane Melanie Springer and Axel Sven Springer, the grandchildren of Axel Springer, have decided to support the tender offer by Traviata II for Axel Springer SE (AXELF.PK). They will accept the tender offer for shares representing approximately 3.7 percent of the share capital of Axel Springer SE. "My...

Deere & Co. (DE) reported that its net income for the third quarter ended July 28, 2019 declined to $899 million or $2.81 per share, from $910 million or $2.78 per share last year. Adjusted net income was $2.71 per share compared to $2.59 in the previous year. Analysts polled by Thomson Reuters expected...

freenet AG (FRAGF.PK) said it has decided to vote against the proposed capital increase of Sunrise. The proposed capital increase is in relation to the acquisition of UPC Switzerland. freenet said the current terms of the deal are unbalanced and unfavorable for all Sunrise shareholders. freenet believes...

Roche (RHHBY) announced the US FDA approval of Rozlytrek for the treatment of adults with ROS1-positive, metastatic non-small cell lung cancer. Also, the FDA has granted accelerated approval to Rozlytrek for the treatment of adult and paediatric patients 12 years of age and older with solid tumours that...

The legal cannabis market in California is poised for huge growth after seeing a $500 million fall in legal sales in 2018 following an initially rocky launch of the state's adult-cannabis market, according to a new report. The report, titled "California: Lessons From the World's Largest Cannabis Market",...

lenovo-aug15.jpg China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.

microsoft-aug15.jpg Microsoft Corp. has updated its privacy policy indicating that human employees or contractors may listen to audio recordings of people using its Skype calling service and Cortana virtual assistant. According to the company, it uses the personal data collected to improve its products as well as to personalize these products and make recommendations.

Heidelberger Druckmaschinen AG (HBGRF.PK) announced the appointment of Marcus Wassenberg as CFO, effective September 1, 2019. He succeeds Dirk Kaliebe as CFO. Wassenberg was most recently CFO at Rolls-Royce Power Systems AG. Before that, he was CFO of Senvion SE. "With his experience in the mechanical...

avenue-stores-081519.jpg Avenue Stores has become the latest retailer to announce that it will close all its stores. The Rochelle Park, New Jersey-based women's apparel retailer offers plus-size fashions in sizes 14 to 32. Avenue Stores is now offering discounts at 222 closing stores, located in 33 states. The store sales are being conducted by a joint venture consisting of Gordon Brothers and Hilco Merchant Resources.

Briggs & Stratton Corp. (BGG) said its fourth quarter capped a difficult year of unprecedented market challenges and higher than expected operational inefficiencies encountered during the ramp-up of business optimization initiatives. The company reduced its fiscal 2020 sales, and adjusted earnings outlook....

To align production capacity with market needs, Briggs & Stratton Corp. (BGG) has decided to consolidate production of small vertical-shaft engines into Poplar Bluff, MO facility. This will result in the closure of the Murray, KY facility by the fall of 2020. "Our residential engine business continues...

J. C. Penney Co., Inc. (JCP) on Thursday reported a net loss for the second quarter of $48 million or $0.15 per share, narrower than net loss of $101 million, or $0.32 per share in the same period last year. Adjusted net loss was $56 million or $0.18 per share, compared to adjusted net loss of $120...

Alibaba Group Holding Limited (BABA) reported a strong quarter to start its fiscal year, with June quarter revenue growing 42% and adjusted EBITDA growing 34% year-over-year. The company expanded its user base to 674 million annual active consumers. First-quarter non-GAAP earnings per ADS was RMB...

FirstGroup plc (FGROY.PK, FGROF.PK, FGP.L), a provider of transport services, announced Thursday the appointment of David Martin to the Board and as Chairman with immediate effect. Martin is the former Chief Executive of Arriva, a passenger transport group, which was purchased by Deutsche Bahn in...

Follow RTT