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Shares of Fisker Inc. (FSR) are gaining nearly 9% on Friday morning after the electric-vehicle company announced a EV manufacturing deal with tech manufacturer Hon Hai Precision Industry, popularly known as Foxconn. FSR is currently trading at $10.83, up $0.88 or 8.84%, on the Nasdaq. Fisker signed...

Philip Morris International (PM) announced Friday that the U.S. Food and Drug Administration (FDA) has opened a public comment period on application seeking authorization to market its IQOS 3 electrically heated tobacco system as a Modified Risk Tobacco Product (MRTP). The application requests the...

J & J Snack Foods Corp. (JJSF) announced Friday the appointment of Dan Fachner as Chief Executive Officer, effective May 11, 2021. Fachner currently serves also as President since May 2020 after a notable tenure with the company. Fachner succeeds J & J Snack Founder Gerald "Gerry" Shreiber as CEO....

Biogen Inc. (BIIB) Friday said its XIRIUS study of cotoretigene toliparvovec failed to meet its primary endpoint in Phase 2/3 in patients with X-linked retinitis pigmentosa or XLRP. The company further noted that the study obtained positive trends in other pre-specified clinically relevant endpoints,...

Foodservice distribution company Sysco Corp. (SYY) announced Friday that it has launched two new online toolkits to its Foodie Solutions platform to enable restaurants ramp up to meet the surging demand as summer approaches. The new toolkits are the latest in a series of carefully curated tools to...

Networking-equipment maker Cisco Systems Inc. (CSCO) announced Friday that it intents to acquire privately-held cybersecurity firm Kenna Security, Inc. to advance its commitment to radically simplify security and help customers improve their security posture. Terms of the proposed deal were not disclosed....

SNC-Lavalin Group Inc. (SNC.TO) reported a first-quarter net income attributable to shareholders of C$73.05 million, compared to a net loss of C$65.96 million in the prior-year quarter. Net income from continuing operations was C$67.74 million or C$0.39 per share, sharply higher than C$1.0 million...

Regenxbio Inc. (RGNX) said that RGX-121, a one-time gene therapy for Mucopolysaccharidosis Type II, continues to be well-tolerated with no drug-related serious adverse events, as per phase I/II trial results. The company said it will present the additional positive interim data from the ongoing phase...

Green Dot Corp. (GDOT) and Republic Bank & Trust Co., a subsidiary of Republic Bancorp, Inc. (RBCAA), announced Friday they have entered into a definitive agreement pursuant to which Green Dot will purchase the assets and operations of Republic Bank's Tax Refund Solutions business segment. As part...

State Street Corp. (STT) announced Friday that it has resolved, or agreed to resolve, certain outstanding claims and investigations arising from its previously disclosed determination in 2015 that it had incorrectly invoiced clients for certain expenses. In a Form 8-K filing with the U.S. Securities...

Trimble (TRMB) said that it has expanded its VRS Now correction services across mainland Norway and most outer islands. As part of an ongoing global correction service strategy, the company is adding over 400,000 square kilometers to its European footprint, which now totals 2.5 million square kilometers. VRS...

General Mills (GIS) said that it reached a deal to acquire Tyson Foods' (TSN) pet treats business for $1.2 billion in cash in a transaction that provides an estimated tax benefit of $225 million, equating to an effective purchase price of $975 million. The business includes the Nudges, Top Chews and...

Graphic Packaging Holding Co. (GPK) said it agreed to buy AR Packaging Group AB, Europe's second largest producer of fiber-based consumer packaging, for about $1.45 billion in cash, subject to customary adjustments. The proposed acquisition of AR Packaging is expected to add $1.1 billion in annual...

Toshiba Corp. (TOSYY.PK, TOSBF.PK) reported that net income for fiscal year 2020 was 114.0 billion yen or 251.25 yen per share compared to a loss of 114.6 billion yen or 236.39 yen per share in the prior year. Annual operating income was 104.4 billion yen down from 130.5 billion yen last year. ...

Toshiba Corp. (TOSYY.PK, TOSBF.PK) said that it plans to establish a strategic review committee to examine options for the business. It also plans to return an additional 150 billion yen to shareholders. Toshiba said it has appointed UBS as financial advisor to work on the strategic review for the...

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