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UK's competition watchdog The Competition and Markets Authority or CMA announced the launch of its merger inquiry regarding Amazon's investment in British online food delivery company Deliveroo. In a statement, the CMA said it is "considering whether it is or may be the case that this transaction...

Wirecard AG (WRCDF.PK) said the article published by the Financial Times is a compilation of a number of false and misleading allegations against the company. The Group noted that Financial Times had raised similar defamatory articles earlier also, which were fully refuted. Wirecard said the 34 company...

India- based Sun Pharmaceutical Industries Ltd. (SUNPHARMA, 524715) announced Wednesday the launch of Drizalma Sprinkle (duloxetine delayed-release capsules) in the U.S. for oral use. Drizalma Sprinkle is a serotonin and norepinephrine reuptake inhibitor or SNRI designed to treat various neuro-psychiatric...

Public transport operator National Express Group Plc. (NEX.L) announced Wednesday that its Spanish and Moroccan division, ALSA, has received a major bus contract in Casablanca, for up to 15 years. The contract in Casablanca, which is Morocco's largest city and economic capital, is expected to secure...

ASOS plc (ASOMY.PK, ASOMF.PK, ASC.L), an online retailer, said the Group's financial and operating performance has been disappointing during the year to 31 August 2019. Profit before tax declined 68 percent due to substantial transition and restructuring costs. Total sales grew by 13 percent supported...

Shares of CSL Ltd. (CSL.AX, CMXHF.PK) were gaining around 2 percent after the Australian biotech company on Wednesday confirmed its fiscal 2019 outlook of net profit after tax in the range of approximately $2.05 billion to $2.11 billion at constant currency. The outlook represents a growth of around...

Dutch semiconductor equipment maker ASML Holding N.V. (ASML) reported Wednesday that its third-quarter net income dropped to 626.8 million euros from last year's 680.4 million euros. Net income per ordinary share fell to 1.49 euros from 1.60 euros a year ago. Net sales for the quarter increased...

Roche Holding AG (RHHBY) reported that Group sales increased 10 percent at constant exchange rates and 9 percent in Swiss francs, in the first nine months of 2019, due to new products. Pharmaceuticals Division sales were up 12 percent, driven by high demand for recently launched medicines, mainly Ocrevus,...

Abacus Health Products, Inc., a manufacturer of CBD-based topical pain-relief treatments, said it will enter the U.S. convenience store market segment through a distribution agreement with E&S International Enterprises, Inc. or ESI. Canada-based Abacus Health manufactures and sells over-the-counter...

Power management company Eaton (ETN) Tuesday said it has agreed to sell its lighting business to Signify N.V. for $1.4 billion in cash. The company said it decided to sell its lighting business after completing a comprehensive review of various potential transaction alternatives to maximize shareholder...

MGM Resorts International (MGM) Tuesday said it has agreed to sell the Bellagio resort in Las Vegas to Blackstone Group for $4.25 billion. However, MGM Resorts will lease it back from Blackstone Group for initial annual rent of $245 million and continue to operate the property. MGM Resorts will...

Hedge fund DE Shaw has called for changes at US automation and building equipment group Emerson Electric (EMR). In a letter sent Emerson's board, Shaw has asked the board to consider splitting the company into two separate companies, reduce its operating costs and to improve its corporate governance...

kohls-oct15.jpg Department store chain Kohl's Corp. has unveiled its Kohl's Cares holiday collection that includes the Disney Frozen 2 and Holiday Character bundles. The company's philanthropic program, Kohl's Cares, sells children's books as well as toys and donates the entire profit to charitable initiatives nationwide.

exhibitvirtualreality-oct15.jpg Boeing Co. said it will participate in the International Aeronautical Congress or IAC 2019 exhibition and symposium in Washington, D.C. next week, where it will display the Starliner spacecraft simulator and Astrovan crew transport. The company will also display a virtual-reality flyby of the International Space Station or ISS at the event.

Knight-Swift Transportation Holdings Inc. (KNX) has updated its adjusted EPS guidance ranges for the third and the fourth quarter of 2019 due to the increased competition within the intermodal market, leading to unexpected reductions in volume and revenue per load, and greater than expected pressure...

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