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Swiss engineering company ABB Ltd.(ANN.L, ABB) Thursday announced preliminary first-quarter results, reporting revenues of about $6.90 billion, a growth of around 11 percent on a reported basis and around 7 percent on a comparable basis. Operational EBITA margin would be 13.5 percent, up 330 basis points...

Thermo Fisher Scientific Inc. (TMO) is nearing a deal to buy pharmaceutical-testing company PPD Inc. (PPD) for more than $15 billion, the Wall Street Journal reported citing people familiar with the matter. The companies could finalize a deal as soon as this week, assuming the talks don't fall apart,...

Ahold Delhaize (ADRND.PK, AHODF.PK) said that its shareholders adopted its 2020 financial statements and agreed to the proposed 2020 annual dividend of 0.90 euros per common share for the full year. A final dividend of 0.40 euros per share will be paid on April 29, 2021. It is in addition to the interim...

Shares of Dell Technologies Inc. (DELL) jumped over 8% in extended trading session on Wednesday after the company announced its plans to spin off its stake in VMware Inc. (VMW). The transaction will create two publicly traded companies and raise cash to pay down debt. VMware will distribute a special...

Bristol Myers Squibb Co. (BMY) Wednesday said the European Commission has approved its drug nivolumab in combination with cabozantinib as a treatment for patients with advanced renal cell carcinoma. The New York-based pharmaceutical company said the EC's decision was based on results from a late-stage...

The U.S. Department of Justice has intensified an antitrust probe into American Airlines' (AAL) partnership with JetBlue Airways on apprehensions that the partnership could result in high fares at important traffic points, Wall Street Journal reported on Wednesday. The first phase of the deal was...

Infosys Ltd (INFY) said that its board has recommended capital return of 15,600 crore Indian rupees or about $2.08 billion including final dividend of 6,400 crore rupees or about $0.85 billion and open market buyback of shares of 9,200 crore rupees or about $1.23 billion. Looking ahead for fiscal...

Shares of nano-cap company Sysorex, Inc. (SYSX) soared over 260% on Wednesday morning after Inpixon (INPX) announced it has converted debt from Sysorex to equity. SYSX is currently trading at $3.90, up $2.835 or 266.1972%, on the Nasdaq. Inpixon has converted a note receivable due from Ethereum...

Kohl's Corp. (KSS) said Wednesday that it has reached a settlement agreement with an Investor Group, which collectively own 9.3% of the company' outstanding common stock, including options. The Investor Group consists of Macellum Advisors GP, LLC, Ancora Holdings, Inc., Legion Partners Asset Management,...

Medtronic plc (MDT) said it has introduced in select European countries the Medtronic Extended infusion set that can be worn for up to 7 days. An infusion set is tubing that delivers insulin from the pump to the body and typically requires a set change every few days. In the United States, the Medtronic...

Omnicom Health Group, part of Omnicom Group Inc. (OMC), has acquired Archbow Consulting. Archbow helps pharmaceutical and biotech companies design, build, and optimize market access operations, product distribution, and patient access hubs. Ed Wise, CEO, Omnicom Health Group, said: "Archbow's market...

Wells Fargo & Co. (WFC) on Tuesday reported net income applicable to common stock of $4.74 billion or $1.05 per share for the first quarter, sharply higher than $653 million or $0.01 per share in the year-ago quarter. Revenue for the quarter increased 2 percent to $18.06 billion from $17.72 billion...

Lovesac Co. (LOVE), a direct-to-consumer specialty furniture brand, on Wednesday reported net income for the fourth quarter that soared three-fold to $21.7 million or $1.37 per share from $5.4 million or $0.37 per share in the previous-year quarter. Net sales for the quarter grew 40.7 percent to $129.7...

Citi Trends Inc. (CTRN) reported that its comparable store sales for the first quarter through April 3, 2021 increased 74.5% compared to the same period in 2020. Total sales for the first quarter increased 77.2% compared to the same period in the prior year. The company expects earnings per share...

Amedisys, Inc. (AMED) said it will acquire the right to operate certified home health care services in Randolph County, N.C., and surrounding areas within a 50-mile radius, including Montgomery County. The acquisition of regulatory assets will allow the company to conduct home health care operations...

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