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vaping-nov22.jpg Indonesia is exploring a total ban on the use of electronic cigarettes and vape products in the country due to healthcare concerns following the lung illness outbreak related to vaping in the U.S., according to reports. However, the South-East Asian country has not reported any cases of vaping-related illness. Chain-smoking Indonesia is the world's second largest tobacco market.

U.S. Silica Holdings Inc. (SLCA) said that it would lay off about 230 employees or 10% of the total company workforce. It expects annual SG&A savings from the actions as well as other cost reductions to be about $20 million. The company said it will idle both the Utica, Illinois and Tyler, Texas...

monsanto-nov22.jpg Monsanto on Thursday pleaded guilty to illegally using a banned pesticide known as Penncap-M on research crops at one of its facilities on the Hawaiian island of Maui. The agro-chemicals company will pay $10 million for charges that it unlawfully stored the banned pesticide, which had to be managed as an acute hazardous waste. The banned pesticide is specifically methyl parathion.

Alexion Pharmaceuticals Inc. (ALXN) said that Japan's Ministry of Health, Labour and Welfare has approved the extension of the current marketing authorization of SOLIRIS (eculizumab) to include the prevention of relapse in patients with anti-aquaporin-4 (AQP4) antibody-positive neuromyelitis optica spectrum...

Varian (VAR) updated its previously reported GAAP preliminary financial results for fourth quarter and fiscal 2019. The projected financial performance of the company's recently acquired Endocare and Alicon businesses was better than previously expected, resulting in an increase in the fair value of...

Public Service Enterprise Group Inc. (PEG) or PSEG said that it has appointed Ralph LaRossa as chief operating officer. LaRossa also will continue in his role as president and COO of PSEG Power, the company's merchant generation business. LaRossa was elected president and COO of PSEG Power in June...

AutoNation, Inc. (AN) announced the appointment of Joseph Lower as Executive Vice President and Chief Financial Officer, effective January 13, 2020. Most recently, Lower served as Executive Vice President and Chief Financial Officer of Office Depot, Inc. Joe Lower said, "It has been a tremendous career...

resurrectionbeauty-nov22.jpg Anti-aging skin care products, beauty serum ingredients and essential oils provider Resurrectionbeauty issued a recall for about 270 units of wintergreen essential oil due to risk of poisoning for young children if they swallow it. However, the company has not received reports of any incidents or injuries so far. The product contains the substance methyl salicylate.

DISH Network Corp. (DISH) said that it has commenced its rights offering to raise proceeds of about $1 billion. The company plans to use proceeds from the rights offering for general corporate purposes, including investments in the wireless business. As per the terms of the rights offering, DISH...

Biogen Inc. (BIIB) said that the Phase 3 EVOLVE-MS-2 study demonstrated improved patient-assessed gastrointestinal or GI tolerability of Vumerity, a new FDA-approved treatment for relapsing forms of multiple sclerosis or MS, compared to Tecfidera. Results for the primary endpoint show patients treated...

Alnylam Pharmaceuticals Inc. (ALNY) said it expects to exceed its 2020 goals with four marketed products, 14 organic clinical stage programs, including 6 in late-stage development, across 4 strategic therapeutic areas, by end of 2020. The company also announced that it has initiated HELIOS-B, a global...

While reporting its financial results for the second quarter on Friday, J. M. Smucker Co. (SJM) lowered its outlook for fiscal 2020 adjusted earnings, net sales growth and comparable sales growth. The company noted that the revised outlook includes the impact of the second-quarter sales results and...

AECOM (ACM) announced it has entered a governance agreement with Starboard Value LP, an investment firm and shareholder of the company, which provides for the appointment of three new independent directors recommended by Starboard. The size of the Board is expanding to 11 members initially. Under the...

Foot Locker, Inc. (FL) reported third-quarter non-GAAP earnings of $1.13 per share compared to $0.95, a year ago. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $1.08, for the quarter. Analysts' estimates typically exclude special items. Third-quarter...

Anixter International Inc. (AXE) announced that the company and Clayton, Dubilier & Rice, LLC have agreed to amend the merger agreement to increase the per share consideration payable to Anixter's shareholders to $82.50 per share from $81.00. The deal is now valued at approximately $3.9 billion. Under...

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