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ScanSource, Inc. (SCSC) said it has decided to sell some businesses outside of the United States, Canada and Brazil. The divestitures include nondigital distribution businesses in Europe, UK, Mexico, Colombia, Chile, Peru and the Miami-based export operations. Mike Baur, CEO, ScanSource, said: "These...

The TJX Companies, Inc. (TJX) said, for the second quarter, earnings per share were at the high end of the company's expectations, and consolidated comparable store sales increased 2 percent, which was in line with its guidance. For the second-quarter, earnings per share were $0.62, up 7 percent...

Motorola Solutions, Inc. (MSI) said the patent infringement case against Hytera in the Illinois District Court will proceed to trial. The Court recently denied Hytera's motion to dismiss the case. "We believe Hytera continues to infringe Motorola Solutions' patents, including with its new i-Series...

Hasbro (HAS), a global play and entertainment company, has decided to remove plastic from its packaging, beginning in 2020. The company said its ambition is to eliminate all plastic in packaging by the end of 2022. Brian Goldner, Chairman and CEO, Hasbro, said: "We have an experienced, cross-functional...

General Mills (GIS) said Don Mulligan, Chief Financial Officer, will retire effective June 1, 2020. Kofi Bruce, currently Controller, will be appointed as Chief Financial Officer on February 1, 2020. Bruce joined General Mills in 2009. He has served as Treasurer; Vice President, Finance for the U.S....

Vistra Energy (VST) has agreed to acquire Ambit Energy for $475 million plus net working capital. Headquartered in Dallas, Texas, Ambit serves approximately 1.1 million residential customer equivalents in 17 states. Vistra anticipates Ambit will provide approximately $125 million to adjusted EBITDA...

Qualcomm (QCOM) said it has granted LGE a patent license to develop, manufacture and sell 3G, 4G and 5G single-mode and multimode complete devices. The direct worldwide patent license agreement is royalty-bearing with a five-year term. John Han, senior vice president and general manager, Qualcomm...

While reporting financial results for the second quarter on Tuesday, retailer Kohl's Corp. (KSS) affirmed its adjusted earnings guidance for the full-year 2019. For the second quarter, the company reported that comparable sales decreased 2.9 percent. For fiscal 2019, the company said it continues...

Sea Limited (SE) increased the guidance for both digital entertainment and e-commerce for the full year of 2019. The company now projects adjusted revenue for digital entertainment to be between $1.6 billion and $1.7 billion, representing 142.0% to 157.2% growth from 2018. The prior guidance was between...

While reporting financial results for the first quarter on Tuesday, Medtronic plc. (MDT) raised its adjusted earnings guidance for the full-year 2020, while maintaining organic revenue growth outlook. "As a result of our first quarter outperformance and confidence in our outlook, we are raising our...

Clinical stage company Synlogic, Inc. (SYBX) announced Tuesday that it is discontinuing development of SYNB1020, an early stage clinical product candidate for the treatment of hyperammonemia. The company said the results from its Phase 1b/2a study of SYNB1020 did not demonstrate an activity profile...

The Home Depot (HD), a home improvement retailer, updated its guidance for fiscal 2019, a 52-week year. The company now projects sales to grow by approximately 2.3 percent and comp sales to be up approximately 4.0 percent. In May, the company projected fiscal 2019 sales to grow by approximately 3.3 percent...

While reporting financial results for the third quarter on Tuesday, Photronics, Inc. (PLAB) provided earnings and revenue guidance for the fourth quarter of fiscal 2019. For the fourth quarter, Photronics expects earnings in a range of $0.11 to $0.17 per share, on revenue between $143 million and...

Elanco (ELAN), a global animal health company, has agreed to acquire the animal health division of Bayer AG (BAYN). The total deal is valued at $7.6 billion with a 70 percent to 30 percent cash-to-equity mix. Bayer AG will receive $5.32 billion in cash, and $2.28 billion or approximately 68 million Elanco...

Shares of IMI plc (IMI.L) were gaining around 2 percent in the early morning trading in London after the specialist engineering company Tuesday announced the proposed acquisition of PBM Inc. for an enterprise value of $85 million or 70.3 million pounds. The deal will be closed within the next two...

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