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AT&T Inc. (T) is holding exclusive talks to sell minority stake in DirecTV to private equity firm TPG, according to media reports, citing person familiar with the matter. The deal would allow the U.S. wireless carrier to trim its net debt of close to $150 billion, reports stated. A potential deal...

SAP SE (SAP) and Microsoft Corp. (MSFT) plan to integrate Microsoft Teams with SAP's intelligent suite of solutions. The companies also formalized a expansion of an existing strategic partnership to accelerate the adoption of SAP S/4HANA on Microsoft Azure. It can enable innovation, increase employee...

Eli Lilly and Co. (LLY) said that it has completed its acquisition of Prevail Therapeutics Inc. (PRVL). Lilly said that the impact of the transaction will be reflected in its 2021 financial results according to GAAP. There will be no change to Lilly's 2021 financial guidance for research and development...

Samsung Electronics Co. Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) is planning to invest more than $10 billion to build its most advanced logic chipmaking plant in the U.S., Bloomberg reported citing people familiar with the matter. The South Korean electronics giant hopes the major investment will win more...

TRATON SE said, based on preliminary figures, for the fiscal year 2020, the Group expects: an adjusted operating profit of around 135 million euros; an operating return on sales margin of around 0.6%; and a sales revenue of around 22.6 billion euros. The company's industrial business net cash flow was...

While reporting its financial results for the fourth quarter on Friday, rail transportation services provider Kansas City Southern (KSU) forecast double-digit revenue growth and earnings per share of $9.00 or better for fiscal 2021. On average, analysts polled by Thomson Reuters expect the company...

Ally Financial Inc. (ALLY), a bank holding company, on Friday reported an increase in fourth-quarter net income attributable to shareholders to $687 million or $1.82 per share from $378 million or $0.99 per share in the year-ago period. The increase in net income reflects lower provision for credit...

Huntington Bancshares Incorporated (HBAN) said the company expects full-year 2021 revenue to increase approximately 1% to 3%. Full-year noninterest expense is expected to increase approximately 3% to 5%. For 2021, the company projects average loans and leases to increase approximately 2% to 4% on...

EVgo Services agreed to go public through a merger with Climate Change Crisis Real Impact I Acquisition Corp or CRIS, in a deal that values the electric vehicle charging station provider at $2.6 billion. The combined company will be named EVgo Inc. and publicly listed under the symbol "EVGO", EVgo said...

Boston Scientific Corp. (BSX) announced Friday that it has received U.S. Food and Drug Administration (FDA) approval of its fourth-generation Vercise Genus Deep Brain Stimulation (DBS) System. The DBS System is indicated for use in the bilateral stimulation of the subthalamic nucleus (STN) as an adjunctive...

Haemonetics Corp. (HAE) said Friday it supports new guidance issued by the U.S. Food and Drug Administration or FDA related to the use of viscoelastic testing for the duration of the public health emergency related to COVID-19. Viscoelastic testing is used to analyze the ability of patients to form...

DuPont de Nemours, Inc. (DD), Corteva, Inc. (CTVA) and The Chemours Company (CC) have reached a binding memorandum of understanding containing a settlement to resolve legal disputes originating from the 2015 spin-off of Chemours from E. I. du Pont de Nemours and Company (EID). The companies will...

Regions Financial Corp. (RF) on Friday reported fourth-quarter net income available to common shareholders increased to $588 million or $0.61 per share from $366 million or $0.38 per share in the year-ago quarter. Total revenue for the quarter rose 13.9 percent to $1.69 billion from $1.48 billion...

New Oriental Education & Technology Group Inc. (EDU) reported second-quarter adjusted profit per ADS of $0.43 compared to $0.36, prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.34, for the quarter. Analysts' estimates typically exclude...

Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) said, based on preliminary figures, for the full year 2020, the Group expects: operating profit before special items related to diesel of around 10 billion euros; and reported automotive net cash flow of around 6 billion euros. The company said its deliveries...

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