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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...

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...

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...

Roche (RHHBY) announced the US FDA approval of Rozlytrek for the treatment of adults with ROS1-positive, metastatic non-small cell lung cancer. Also, the FDA has granted accelerated approval to Rozlytrek for the treatment of adult and paediatric patients 12 years of age and older with solid tumours that...

Heidelberger Druckmaschinen AG (HBGRF.PK) announced the appointment of Marcus Wassenberg as CFO, effective September 1, 2019. He succeeds Dirk Kaliebe as CFO. Wassenberg was most recently CFO at Rolls-Royce Power Systems AG. Before that, he was CFO of Senvion SE. "With his experience in the mechanical...

Briggs & Stratton Corp. (BGG) said its fourth quarter capped a difficult year of unprecedented market challenges and higher than expected operational inefficiencies encountered during the ramp-up of business optimization initiatives. The company reduced its fiscal 2020 sales, and adjusted earnings outlook....

To align production capacity with market needs, Briggs & Stratton Corp. (BGG) has decided to consolidate production of small vertical-shaft engines into Poplar Bluff, MO facility. This will result in the closure of the Murray, KY facility by the fall of 2020. "Our residential engine business continues...

J. C. Penney Co., Inc. (JCP) on Thursday reported a net loss for the second quarter of $48 million or $0.15 per share, narrower than net loss of $101 million, or $0.32 per share in the same period last year. Adjusted net loss was $56 million or $0.18 per share, compared to adjusted net loss of $120...

Alibaba Group Holding Limited (BABA) reported a strong quarter to start its fiscal year, with June quarter revenue growing 42% and adjusted EBITDA growing 34% year-over-year. The company expanded its user base to 674 million annual active consumers. First-quarter non-GAAP earnings per ADS was RMB...

FirstGroup plc (FGROY.PK, FGROF.PK, FGP.L), a provider of transport services, announced Thursday the appointment of David Martin to the Board and as Chairman with immediate effect. Martin is the former Chief Executive of Arriva, a passenger transport group, which was purchased by Deutsche Bahn in...

A.P. Moller - Maersk (AMKAF.PK, AMKBF.PK) reported Thursday that its second-quarter profit was $153 million. The prior year's restated profit, including Maersk Supply Service as continuing operations, was $7 million. Including Maersk Supply Service and IFRS 16, the prior year's loss was $32 million. Profit...

Aegon (AGN.L, AEG) said its first-half net income increased year-on-year reflecting realized gains and lower other charges, partly offset by a higher loss on fair value items. Underlying earnings were down by 5%, reflecting lower fee income as a result of lower average asset balances in the US, and investments...

Stratec SE reported that its adjusted consolidated net income from continuing operations for the first six months of the 2019 increased 37.9% to 10.3 million euros from 7.5 million euros last year. Adjusted earnings per basic share from continuing operations for the period rose by 36.5% to 0.86 euros,...

Swiss telecommunication services firm Swisscom AG (SWZCF.PK, SCMWY.PK) on Thursday reported that its first-half net income edged down 0.9 percent to 780 million Swiss francs from last year's 787 million francs. Consolidated operating income before depreciation and amortisation or EBITDA, however,...

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