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Shares of Rmy Cointreau (REMYF.PK) were losing around 3 percent in the morning trading after the French wine and spirits company reported Friday that its first-half sales dropped 0.6 percent to 523.9 million euros from 527 million euros last year. This decline reflected the voluntary withdrawal of...

French energy giant Total SA (TTA.L, TTFNF.PK, TOT) announced Friday the launch of its first large liquefied natural gas or LNG bunker vessel, following its long-term charter contract with Mitsui O.S.K Lines signed in February 2018. The vessel is being built by Hudong-Zhonghua Shipbuilding at their...

Marriott International (MAR) said that it has reached an agreement with the board of Elegant Hotels Group plc (EHG.L) on the terms of a recommended all cash offer for Elegant. As per the terms of the offer, each Elegant shareholder would be entitled to receive 110 pence per Elegant share. The offer...

InterContinental Hotels Group plc (IHG.L, IHG) reported Friday that its third-quarter Group RevPAR was down 0.8 percent, impacted by tougher trading conditions in the US and China, and ongoing unrest in the Hong Kong SAR. The company delivered a 4.7 percent increase in net system size to 865 thousand...

French food company Danone SA (DANOY.PK) reported Friday that its third-quarter consolidated sales grew 3.7 percent to 6.42 billion euros from last year's 6.19 billion euros a year ago. Like-for-like sales growth was 3 percent, while volume declined 1.6 percent. Europe & Noram sales edged down...

Volvo Group (VOLVY.PK) reported that its net income attributable to owners of the company for the third-quarter was 7.455 billion Swedish kronor or 3.67 kronor per share compared to 7.459 billion Swedish kronor or 3.67 kronor per share in the prior year. ".... demand for new vehicles is declining...

Swiss drug major Roche Group (RHHBY) announced that the US Food and Drug Administration has approved a supplemental New Drug Application or sNDA for Xofluza (baloxavir marboxil) for people at high risk of developing influenza-related complications. The approval is for the treatment of acute, uncomplicated...

Amgen (AMGN) and UCB said that the Committee for Medicinal Products for Human Use or CHMP of the European Medicines Agency or EMA has adopted a positive opinion recommending Marketing Authorization for EVENITY or romosozumab for the treatment of severe osteoporosis in postmenopausal women at high risk...

Online cannabis shop directory Weedmaps said it has cut its workforce by 25 percent, citing the slow rollout of recreational marijuana in new markets and the lack of sufficient licenses to grow in functioning legal markets. The announcement comes less than two months after the Irvine, California-based...

Mortgage rates, or interest rates on home loans, increased from last week, according to mortgage provider Freddie Mac. Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 3.69 percent for the week ending October 17, 2019,...

rocketstages-oct17.jpg The National Aeronautics and Space Administration or NASA extended its contract with Boeing to build the rocket core stages for its Space Launch System or SLS beyond the first two Artemis missions, and through the next decade. Boeing is the current lead contractor for the core stages of the rockets for the first two missions. The new contract includes the production of ten SLS core stages.

genericdrugs-oct17.jpg The U.S. Food and Drug Administration approved an all-time record total of 1,171 generic drugs in fiscal 2019, breaking its previous record of 971 approvals in fiscal 2018. This year's approvals include 935 full approvals and 236 tentative approvals. A generic drug is a pharmaceutical drug that contains the same chemical substance and performs the same functions as a branded drug.

PG&E Corporation and Pacific Gas and Electric Company reiterated commitment to its plan of reorganization. The Plan will satisfy all wildfire claims in full, and presents a viable path for PG&E to achieve regulatory approval and confirmation of its Plan in advance of the June 30, 2020 statutory deadline,...

livecaption-oct17.jpg Google rolled out its Live Caption feature, which was first introduced at its I/O developer conference in May this year. The technology will automatically caption videos and spoken audio on a device, except for phone and video calls. It is helpful when a user is in a loud commuter train, or wants to follow along the conversation more closely.

Genuine Parts Company (GPC) revised its fiscal 2019 outlook for adjusted earnings per share to $5.60 to $5.68. This is a change from the prior guidance of $5.65 to $5.75. Analysts polled by Thomson Reuters expect the company to report profit per share of $5.69. Analysts' estimates typically exclude special...

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