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Royal Philips (PHG) announced the commercial launch of NightBalance, a positional therapy device that uses gentle vibrations to encourage users to alter their sleeping positions to help prevent apneas. It features wireless connectivity and a mobile app that monitors product use. Philips NightBalance...

Apple Inc. (AAPL) on Tuesday announced that it is awarding $250 million from its Advanced Manufacturing Fund to Corning Inc. (GLW), which supplies precision glass for iPhone, Apple Watch and iPad. This award builds on the $200 million the company received from Apple's Advanced Manufacturing Fund in...

Merck (MRK) reported that the FDA has granted priority review for the company's Biologics License Application for V920, an investigational Ebola vaccine. The PDUFA, or target action date, is set for March 14, 2020. In March 2019, the Marketing Authorization Application for V920 was accepted for review...

Alliance Data Systems Corp. (ADS), a leading global provider of data-driven marketing and loyalty solutions, announced Tuesday that its card services business has signed a new multi-year agreement to provide private label credit card services in the U.S. for professional beauty supplies distributor Sally...

Stage Stores, Inc. (SSI) said it plans to begin converting the company's remaining department stores to off-price in February of 2020. The company anticipates to be operating approximately 700 predominantly small-market Gordmans off-price stores by the third quarter of fiscal 2020. Stage Stores expects...

While reporting financial results for the first quarter of fiscal 2020 on Tuesday, Apogee Enterprises, Inc. (APOG) reaffirmed earnings and revenue growth guidance for the full-year 2020. For fiscal 2020, the company continues to project adjusted earnings in a range of $3.00 to $3.20 per share, which...

KLA Corp. (KLAC) affirmed the company's third quarter revenue guidance of $1.31 billion to $1.39 billion, and non-GAAP earnings per share of $2.04 to $2.34. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.20 on revenue of $1.35 billion. Analysts' estimates typically...

British travel company Thomas Cook Group Plc has filed for Chapter 15 court protection in the U.S. as part of a broader debt restructuring, Bloomberg reported citing court papers. The troubled company filed the petition in the Southern District of New York, represented by law firm Latham & Watkins. Bloomberg...

Taiwan-based HTC Corp. (HTCCY.OB) announced Tuesday the appointment of Yves Maitre as CEO, effective immediately. Cher Wang, who took over as CEO four years ago, will continue as Chairwoman of the HTC board. Wang will focus on future technologies that align with HTC's expanding portfolio and vision...

Hikma Pharmaceuticals PLC (HIK.L, HKMPY) announced Tuesday that the company, through its affiliate, Hikma Pharmaceuticals USA Inc., has launched a new prefilled syringe capability in the U.S. Heparin Sodium Injection in a ready-to-use syringe is the first product using Hikma's new injectable manufacturing...

Vestas (VWDRY.PK) said it has secured a 34 MW order for the Haramsfjellet wind project in western Norway. The order was placed by Taaleri Energia investing via their SolarWind II fund in the project. The contract includes the supply, and commissioning of the wind turbines, and a 27-year Active Output...

Novartis (NVS) reported that the PREVENT trial evaluating Cosentyx in patients with non-radiographic axial spondyloarthritis met its primary endpoint of ASAS40 at Week 16, showing a significant and clinically meaningful reduction in disease activity for patients treated with Cosentyx versus placebo....

The Federal Aviation Administration chief Stephen Dickson plans to test out Boeing Co's (BA) software changes to its 737 Max planes in a simulator this week, according to reports. All Boeing 737 MAX aircraft, including the 8 and 9 variants, were grounded by the Federal Aviation Administration from...

Marvell Technology Group Ltd. agreed to pay $5.5 million to settle charges that the company misled investors when it engaged in an undisclosed revenue management scheme in order to meet publicly-issued revenue guidance, the U.S. Securities and Exchange Commission said. The firm consented to the SEC...

Two subsidiaries of Prudential Financial have agreed to pay $32.6 million to settle claims that they failed to disclose conflicts of interest and made misleading disclosures regarding 94 insurance-dedicated mutual funds they advised, the U.S. Securities and Exchange Commission said. The SEC censured...

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