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Kellogg Company (K) on Tuesday revealed that about 1,400 hourly employees at its four U.S. cereal plants in Battle Creek, Michigan, Omaha, Nebraska, Lancaster, Pennsylvania and Memphis, Tennessee, have rejected the tentative agreement for a new five-year contract. According to Kellogg, the contract...

777 Partners will nearly double its 737 MAX order book with the purchase of 30 additional jets, Boeing (BA) said in a statement. The Miami-based investment firm has ordered a total of 68 737 MAXs in 2021, including 737-8 and 737-8-200 models. Valued at $3.7 billion at list prices, the order will...

Cognizant (CTSH) announced Tuesday it has agreed to acquire Devbridge, a privately-held software consultancy and product development company headquartered in Chicago. Financial details were not disclosed. The acquisition expands Cognizant's software product engineering capabilities and global delivery...

Anixa Biosciences Inc. (ANIX) and MolGenie said that their COVID-19 compounds are expected to be effective against the Omicron Variant as well as the Delta variant. The companies noted that they are developing compounds for the potential treatment of COVID-19 with the long-term goal of developing...

First Financial Bancorp. (FFBC) announced Tuesday that it has entered into an agreement to acquire Cincinnati-based Summit Funding Group, Inc., the fourth largest independent equipment financing platform in the U.S. The financial terms of the deal were not disclosed. Upon completion of the transaction,...

ViacomCBS (VIACA, VIAC) has entered new strategic partnership with CJ ENM, which enables the company to accelerate Paramount+ subscriber growth to audiences worldwide. The deal includes co-productions for original series and films, content licensing and distribution across ViacomCBS' and CJ ENM's streaming...

Biotechnology company Recursion (RXRX) announced Tuesday a collaboration with Roche holding AG (ROG, RHHBY) and Genentech, a member of the Roche Group, to advance novel medicines to patients using machine learning and high content screening methods at scale to map complex biology. Recursion will...

Medicago and GlaxoSmithKline (GSK.L, GSK) reported positive efficacy and safety results from the phase 3 placebo-controlled efficacy study of the plant-based COVID-19 vaccine candidate in combination with GSK's pandemic adjuvant. The overall vaccine efficacy rate against all variants of SARS-COV-2 was...

FirstCash, Inc. (FCFS) has amended its agreement to acquire American First Finance Inc. The amendment provides for additional contingent consideration of up to $75 million, to be based on the company's stock performance through February 28, 2023. The amendment also provides for a fixed $25 million working...

Mimecast Ltd. (MIME), a leading email security and cyber resilience company, announced Tuesday that it has entered into a definitive agreement whereby funds advised by private equity firm Permira will acquire the company. Under the terms of the agreement, Permira will acquire all outstanding ordinary...

Medtronic Canada ULC, a subsidiary of medical technology company Medtronic plc (MDT) announced Tuesday it has received a Health Canada licence for the Hugo robotic-assisted surgery (RAS) system for use in use in urologic and gynecologic laparoscopic surgical procedures, which make up about half of all...

IDEAYA Biosciences, Inc. (IDYA) issued a clinical data update for the phase 1/2 trial evaluating darovasertib and crizotinib synthetic lethal combination in metastatic uveal melanoma patients. The preliminary interim data includes: 100% disease control rate; ad 31% overall response rate. The company...

Bank of America Corp. (BAC) announced Tuesday the issuance of its second Equality Progress Sustainability Bond for $2 billion. The use of proceeds from the bond offering is designed to advance racial and gender equality, economic opportunity and environmental sustainability. The four-year bond, which...

The Timken Company (TKR) said the company is experiencing strong growth in its linear motion product line, with 2021 sales projected to increase by more than 20 percent from 2020. Timken expects that secular trends and targeted initiatives will continue to drive strong organic sales growth in linear...

Automotive replacement parts retailer AutoZone, Inc. (AZO) reported Tuesday that net income for the first quarter increased to $555.24 million or $25.69 per share from $442.43 million or $18.61 per share in the year-ago quarter. Net sales for the quarter grew 16.3 percent to $3.67 billion from $3.15...

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