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Italian oil and gas company Eni (E) announced that it has agreed to sell Snam a 49.9% stake in its subsidiaries operating Tunisia borders to the Tunisia coast (TTPC) and Tunisian coast to Italy (TMPC) gas pipelines connecting Algeria to Italy for 385 million euros. The transaction is expected to be completed...

LATAM Airlines Group S.A. announced that it has filed plan of reorganization to support the company's exit from Chapter 11 bankruptcy protection in compliance with both U.S. and Chilean law. LATAM specified that the plan will strengthen its balance sheet and liquidity, and provide the capital structure...

Cabot Corp. (CBT) has agreed to sell its Purification Solutions business to One Equity Partners, a middle market private equity firm, in a deal valued at $111 million. The company expects the transaction will close during second quarter of 2022. Net cash proceeds from the transaction is projected to...

GE (GE) announced the results for its debt tender offers, as of the early participation date, subject to the conditions set forth in the offer to purchase, dated November 10, 2021. Withdrawal rights for each tender offer expired on November 24, 2021, and have not been extended. GE also amended the tender...

Minneapolis-based Target Corp. (TGT) said its two-day Cyber event will take place Nov. 28-29, on Target.com and the Target App. The top offers under Shop Cyber Deals include: up to 60% on videogames for Nintendo, Xbox or PlayStation; up to 50% on headphones from Bose, Beats and more; and up to 25% on...

Pinduoduo Inc. (PDD), China's largest agriculture and interactive commerce platform, reported Friday that third-quarter net income attributable to ordinary shareholders was 1.64 billion Chinese yuan or $254.5 million, compared to net loss of 784.7 million yuan last year. Earnings per ADS were 1.15...

Merck (MRK) and Ridgeback Biotherapeutics issued an update on the MOVe-OUT study of molnupiravir, an investigational oral antiviral medicine for COVID-19. In the study, Molnupiravir reduced the risk of hospitalization or death from 9.7% in the placebo group to 6.8% in the molnupiravir group. Nine deaths...

Ucommune International Ltd. (UK) said, in the third quarter, it grew net revenues by 26.8% while narrowing adjusted net loss by 49.5% year over year. The company said it improved the occupancy rates of self-operated co-working spaces, increased advertising and marketing service revenues, and expanded...

Alfa Laval, a Swedish producer of specialized products and solutions for heavy industry, Friday said it has won an order to supply decanters to a wastewater treatment plant in a major city in Canada. The decanters will treat municipal wastewater sludge, ensuring it is suitable for further processing....

SemiLEDs Corp. (LEDS), a developer manufacturer of LED chips and LED components, reported Friday that fourth-quarter net loss attributable to stockholders was $1.8 million or $0.42 per share, compared to a net loss of $64 thousand, or $0.02 per share in the preceding third quarter. Revenues for both...

Competition and Markets Authority or CMA announced Friday that it has secured improved commitments from Google (GOOG) on its proposals to remove third party cookies and other functionalities from its Chrome browser. The agency said it has been investigating Google's proposals since the start of the...

K+S Group (SDFG) said the German Financial Reporting Enforcement Panel e.V. or FREP - DPR, has issued its final examination findings in the procedure for the examination of the consolidated financial statements of the Group as of December 31, 2019, and the abbreviated consolidated financial statements...

Danish pharmaceutical company Novo Nordisk A/S (NVO) Friday said it has received the results from the Volume Based Procurement or VBP tender for insulin in China. The Chinese National Healthcare Security Administration has tendered insulin sold at hospitals, and Novo Nordisk has participated in the...

German semiconductor company Infineon Technologies AG (IFNNY) announced the appointment of Jochen Hanebeck as the new Chief Executive Officer, effective April 1. He succeeds Reinhard Ploss, who has been leading the company as CEO since 2012. The company noted that Hanebeck, a member of the Executive...

European Medicines Agency or EMA's medicines committee (CHMP) on Thursday recommended the use of COVID-19 vaccine Comirnaty in children aged 5 to 11. The vaccine, developed by BioNTech and Pfizer, is already approved for use in adults and children aged 12 and above. In children from 5 to 11 years...

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