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AutoNation Inc. (AN) said Tuesday that its chief executive officer Cheryl Miller has decided not to return from her leave of absence, and has resigned as of July 14, 2020. She has also resigned from the Board of Directors. The company said in April that Cheryl Miller took a leave of absence for health...

Wells Fargo & Co. (WFC) reported Tuesday that its net loss applicable to common stock for second quarter was $2.69 billion or $0.66 per share, compared to net income of $5.85 billion or $1.30 per share last year. The latest quarter's results include an $8.4 billion increase in the credit loss reserve,...

IQVIA (IQV) has collaborated with AstraZeneca (AZN.L, AZN) to accelerate development of a potential new vaccine for COVID-19. The collaboration will drive faster delivery of clinical studies in the U.S. of AstraZeneca's potential COVID-19 vaccine, AZD1222. The joint initiative is part of the U.S. government's...

Rigel Pharmaceuticals Inc. (RIGL) announced the initiation of an investigator-sponsored trial or IST being conducted by Imperial College London to evaluate the efficacy of fostamatinib, its oral spleen tyrosine kinase or SYK inhibitor, for the treatment of COVID-19 pneumonia. Fostamatinib, marketed...

India-based software services company Wipro Ltd. (WIT) reported Tuesday that first-quarter net income attributable to equity holders was 24.11 billion Indian rupees or $318 million, edging up 0.1 percent from last year's 24.02 billion rupees. Earnings per share were 4.19 rupees or $0.06, 5.7 percent...

Clariant AG (CLZNY.PK, CRN.L, CLZNF.PK) said the European Commission has completed its investigation into the ethylene purchasing market, and found that a single former employee of Clariant infringed on competition law. As a result, a fine of 155.8 million euros was imposed. The company noted that it...

Delta Air Lines (DAL) reported a second quarter adjusted loss per share of $4.43 compared to profit of $2.35, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report a loss per share of $4.12, for the quarter. Analysts' estimates typically exclude special items. June...

The Travelers Companies, Inc. (TRV) said, for the second quarter, the company expects to report a net loss per share of $0.16 and a core loss per share of $0.20, resulting from a high level of catastrophe losses and, losses in the non-fixed income investment portfolio. The company's estimate for catastrophe...

PJSC Gazprom (GAZP, OGZPY.PK, OGZPF.PK) reported Tuesday that its loss attributable to the owners for the quarter ended March 31 amounted to 116.25 billion Russian Rubles, compared to profit of 535.91 billion rubles last year. Loss before profit tax was 208.72 billion rubles, compared to profit of...

Mindtree Limited (MINDTREE), a global technology consulting and services company, reported first quarter net profit of $28.3 million, an increase of 111.7% year-over-year. EBITDA was $46.1 million compared to $26.5 million, a year ago. Revenue was at $253.2 million, down 4.1% from last year. "We...

Cipla Ltd. (CPLFY.PK) announced Tuesday that it has received final approval for its Abbreviated New Drug Application (ANDA) for Icatibant Injectable 30mg/3mL from the U.S. Food and Drug Administration (FDA). Cipla's Icatibant Injectable Pre-Filled Syringe 30mg/3mL is AP-rated generic version of Shire's...

VolitionRx Limited (VNRX) said results from two proof of concept clinical studies using its Nu.Q assays have been submitted for peer review, demonstrating promising results for the company's COVID-19 triage test. Volition announced in April that the company was actively developing a COVID-19 triage test. Volition's...

Speaking at the Annual Shareholders' Meeting, Elmar Degenhart, Chairman of the Executive Board of Continental (CTTAY.PK) said the company now anticipates its third quarter will also be very difficult. However, Continental projects higher sales than in the second quarter. Elmar Degenhart stated that...

Dr. Reddy's Laboratories Ltd. (RDY) announced the launch of Over-the-Counter Nicotine Polacrilex Lozenges, 2 mg and 4 mg, the store brand version of Nicorette Lozenges in the U.S. market. The Nicotine Lozenges brands and store brand markets had total U.S. retail sales of approximately $200 million...

Grainger plc (GRI.L), on Tuesday, said it agreed to forward fund and acquire a 98-home PRS development at Guildford Station in Surrey for about £37 million. The developer is Solum Regeneration, a joint venture between Network Rail and Kier. The investment builds on Grainger's cluster of PRS investments...

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