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The U.S. Food and Drug Administration has approved Impact Biomedicines' Inrebic capsules to treat adult patients with certain types of myelofibrosis. "Prior to today, there was one FDA-approved drug to treat patients with myelofibrosis, a rare bone marrow disorder. Our approval today provides another...

Alibaba co-founder Joseph Tsai has agreed to buy the remaining 51% stake of Brooklyn Nets he doesn't already own as well as the Barclays Center from Russian e-commerce billionaire Mikhail Prokhorov. The deal allows Prokhorov to retain control of NYCB Live's Nassau Coliseum. As part of the arrangement,...

Cathay Pacific Airways Ltd.'s (CPCAF.OB, CPCAY.PK) Chief Executive Officer Rupert Hogg has resigned, after China targeted the Hong Kong carrier over its employees involvement in mass protests in the city. Paul Loo, its chief customer and commercial officer, has also resigned, the company said in a...

Novo Nordisk A/S (NVO) said a securities lawsuit has been filed against the company in Denmark. The lawsuit alleges that the company did not make appropriate disclosures regarding its sales of insulin products in the USA. The claim is for a total amount of 11.8 billion Danish kroner. Novo Nordisk...

novocure-aug16.jpg NovoCure Ltd. (NVCR) has come a long way this year, and the shares are up an impressive 178 percent year-to-date.

migrainetablets-081619.jpg The U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria.

Prudential plc (PRU.L, PUK) said the High Court has refused to sanction the transfer of a portfolio of annuities from The Prudential Assurance Company Limited, a unit of M&GPrudential, to Rothesay Life plc. The transfer of the the business was part of an agreement signed last year with Rothesay Life...

Ariane Melanie Springer and Axel Sven Springer, the grandchildren of Axel Springer, have decided to support the tender offer by Traviata II for Axel Springer SE (AXELF.PK). They will accept the tender offer for shares representing approximately 3.7 percent of the share capital of Axel Springer SE. "My...

Deere & Co. (DE) reported that its net income for the third quarter ended July 28, 2019 declined to $899 million or $2.81 per share, from $910 million or $2.78 per share last year. Adjusted net income was $2.71 per share compared to $2.59 in the previous year. Analysts polled by Thomson Reuters expected...

Below are the earnings highlights for Deere And Co (DE): -Earnings: $899 million in Q3 vs. $910 million in the same period last year. -EPS: $2.81 in Q3 vs. $2.78 in the same period last year. -Excluding items, Deere And Co reported adjusted earnings of $867 million or $2.71 per share for the period....

Below are the earnings highlights for Xinyuan Real Estate Co. Ltd. (XIN): -Earnings: $10.65 million in Q2 vs. -$6.79 million in the same period last year. -EPS: $0.19 in Q2 vs. -$0.10 in the same period last year. -Revenue: $609.44 million in Q2 vs. $355.83 million in the same period last year.

jcpenney-aug16.jpg The struggling department chain, J.C.Penny Company Inc. said it partnered with ThredUP, a fashion resale website through which consumers can buy and sell secondhand clothing.

freenet AG (FRAGF.PK) said it has decided to vote against the proposed capital increase of Sunrise. The proposed capital increase is in relation to the acquisition of UPC Switzerland. freenet said the current terms of the deal are unbalanced and unfavorable for all Sunrise shareholders. freenet believes...

Ted Baker Plc (TED.L) said it reached a new product licence agreement with Next Plc to accelerate the expansion of Ted Baker's childrenswear collections. As per the agreement, Next will create and sell Ted Baker childrenswear products spanning baby, boys' and girls' clothing, shoes and accessories...

Ultra Electronics (ULE.L) and Sparton DeLeon Springs said their JV has been awarded an IDIQ contract for the manufacture of sonobuoys for the U.S. Navy. The contract provides the base year award of a five year IDIQ contract valued at not-to-exceed $1.04 billion. ERAPSCO will provide production subcontracts...

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