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Live Nation Entertainment (LYV), a live entertainment company, has acquired a majority stake in David Grutman's Groot Hospitality. Groot Hospitality's portfolio includes top dining, entertainment and hospitality brands. David Grutman will remain as CEO of Groot Hospitality. Groot Hospitality was...

Coty Inc. (COTY) said the company is launching a process to explore strategic alternatives for its Professional Beauty business and associated hair brands, as well as the company's Brazilian operations, including a divesture. The company intends to use any potential proceeds to pay down debt and return...

PetMed Express Inc. (PETS) reported that its second-quarter net income declined to $6.7 million or $0.33 per share from $10.8 million or $0.52 per share last year. Net sales for the quarter dropped to $69.9 million, from $71.4 million in the previous year. Analysts polled by Thomson Reuters expected...

Humana (HUM) and Microsoft Corp. (MSFT) have entered a strategic partnership focused on building modern health care solutions for Humana members. Humana will utilize Microsoft Azure and Azure artificial intelligence to develop on-demand and virtual medical services. William Shrank, chief medical...

Hudson's Bay Co. (HBC.TO) announced Monday that, based on the unanimous recommendation of an independent Special Committee of its Board of Directors following an extensive review and analysis, it has entered into a definitive arrangement agreement with a group of Hudson's Bay shareholders to take the...

Dominion Energy, Inc. (D) has agreed to transfer a 25 percent non-controlling equity interest in Cove Point to Brookfield in exchange for just over $2 billion, excluding working capital. The equity recapitalization is part of Dominion Energy's previously announced intention to establish a permanent capital...

While reporting financial results for the third quarter on Monday, Lennox International Inc. (LII) slashed its earnings and revenue growth outlook for the full-year 2019. For fiscal 2019, Lennox now projects earnings in a range of $10.65 to $10.95 per share and adjusted earnings from continuing operations...

Manulife Investment Management announced Monday the launch of a new secondary investment business within its Private Markets group and has appointed Jeff Hammer and Paul Sanabria to serve as Global Co-Heads of this business. The Secondaries capability is part of Manulife's strategy to expand its comprehensive...

Seattle Genetics, Inc. (SGEN) said the double-blind HER2CLIMB trial evaluating tucatinib in combination with trastuzumab and capecitabine to trastuzumab and capecitabine alone in patients with locally advanced unresectable or metastatic HER2-positive breast cancer met the primary endpoint of progression-free...

Teradyne, Inc. (TER) has agreed to acquire AutoGuide Mobile Robots for $165 million; $58 million net of cash acquired plus $107 million if certain performance targets are met extending potentially through 2022. AutoGuide provides autonomous mobile robots for material transport of payloads up to 10,000...

Kennametal Inc. (KMT) reported preliminary first-quarter sales of approximately $518 million, down approximately 12 percent from prior year. Organic sales declined approximately 11 percent, for the quarter. Earnings per share is expected to be approximately $0.08 as reported and approximately $0.17 as...

JPMorgan Chase & Co. (JPM), a global financial services firm, said it will help people with criminal backgrounds build in-demand skills and gain access to employment through the company's new public policy agenda, investments in communities and own hiring strategy. The company plans to proactively remove...

Universal Technical Institute, Inc. (UTI) announced that Kimberly McWaters intends to retire as Chief Executive Officer, effective October 31, 2019. Jerome Grant, Executive Vice President and Chief Operating Officer, will become CEO. McWaters will continue to serve on the Board as a non-executive director....

Prudential plc (PRU.L, PUK) announced that it has completed the demerger of M&G plc. Shareholders have retained their shares in Prudential and have also received shares in M&G. Prudential specified that the M&G shares have been admitted to trading on the London Stock Exchange's main market for listed...

GlaxoSmithKline plc (GSK, GSK.L) announced the sale of travel vaccines Rabipur for the prevention of rabies, and Encepur for the prevention of tick-borne encephalitis, to Bavarian Nordic. These brands were acquired from Novartis (NVS) in 2015 as part of the acquisition of its vaccines business. GSK...

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