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Biopharmaceutical company AbbVie (ABBV) Thursday said Health Canada has approved Humira (adalimumab) for inducing and maintaining clinical remission in pediatric patients five years of age and older with moderately to severely active ulcerative colitis. With this approval, Humira offers pediatric...

Responding to the recent statement from Hartford, Chubb Ltd. (CB) said Thursday that it is disappointed that The Hartford has chosen not to engage in discussions regarding a strategic business combination. Chubb said, "we want to repeat that our shareholders demand of us, and we demand of ourselves,...

Canadian National Railway Company (CNR.TO, CNI) has sent a letter to the board of Kansas City Southern (KSU) regarding its proposal to acquire KCS in a cash-and-stock deal. CN stated that it is confident that the Surface Transportation Board will not subject the company's proposal to any different standard...

Flex (FLEX) said it commits to cut operational emissions in half by 2030 as part of the company's new long-term sustainability strategy. Flex said it is setting ambitious commitments, which include reduce absolute scope 1 and 2 greenhouse gas emissions 50% by 2030 from a 2019 base year; require 50%...

Old Republic International Corporation (ORI) reported first quarter net income per share, excluding items, of $0.69 compared to $0.47, prior year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.47, for the quarter. Analysts' estimates typically...

Real-estate developer Bedrock announced an agreement with DTE Energy to acquire approximately 22,000,000 kilowatt hours of Michigan-made clean energy annually through DTE Energy's MIGreenPower voluntary renewable energy program. Beginning 2023, approximately 22,000,000 kWh of Bedrock's total energy usage...

Genuine Parts Co. (GPC) raised 2021 outlook for revenue growth and earnings per share. The company increased its annual earnings per share guidance to a range of $5.85 - $6.05 from the prior outlook of $5.55 - $5.75. Analysts polled by Thomson Reuters expect the company to report earnings of $5.72...

SmartRent.com said that it has entered into a definitive business combination agreement with Fifth Wall Acquisition Corp. I (FWAA), a special purpose acquisition company or SPAC sponsored by an affiliate of Fifth Wall. The equity value of the combined company is $2.2 billion at the $10.00 per share...

Vertex Pharmaceuticals Incorporated (VRTX) and Obsidian Therapeutics have entered a research collaboration and licensing agreement, under which Obsidian will use its cytoDRiVE technology to develop novel regulated gene editing therapy candidates for multiple serious diseases. Obsidian grants Vertex the...

Life sciences company Interpace Biosciences, Inc. (IDXG) announced Thursday that its Board of Directors, in consultation with management and financial and legal advisors, has unanimously decided to initiate a full review of a broad range of alternatives to enhance shareholder value. As part of this...

Huntington Bancshares Incorporated (HBAN) reported first quarter net income per share of $0.48 compared to $0.03, prior year. On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35, for the quarter. Analysts' estimates typically exclude special items....

While reporting financial results for the first quarter on Thursday, swimming pool distributor Pool Corp. (POOL) raised its earnings guidance for the full-year 2021, based on its results to date and expectations for the remainder of the year. For fiscal 2021, the company now projects earnings in a...

Hartford Financial Services Group Inc. (HIG) said it increased the share repurchase authorization to $2.5 billion through 2022 and accelerating initial buyback plans, expecting to utilize $1.5 billion by year-end. As a result, the company expects to achieve a return on equity of 13-14 percent in...

While reporting narrower net loss in its first quarter, American Airlines Group Inc. (AAL) on Thursday said it expects its second-quarter total revenue to be down approximately 40 percent compared to the pre-covid levels in 2019. Based on current trends, American expects its second-quarter capacity...

While reporting financial results for the first quarter of fiscal 2020 on Thursday, healthcare provider HCA Healthcare, Inc. (HCA) raised its earnings and revenue guidance for the full-year 2021. For fiscal 2021, the company now projects earnings in a range of $13.30 to $14.30 per share on revenues...

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