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The SEC announced that Alexion Pharmaceuticals Inc. (ALXN) has agreed to pay more than $21 million to resolve charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act. SEC found that two Alexion subsidiaries made payments to foreign...

Ryanair (RYA.L, RYAAY) welcomed acceptance by 100% of its Irish Pilots of a 4-year agreement which includes a 20% pay reduction, restored over 4 years, to minimise Irish Pilot job losses. The company has also signed agreements with the Fórsa union for its Irish based cabin crew and the UNITE union for...

Billionaire Mukesh Ambani's Reliance Industries Limited said Friday that Intel Capital will invest 1,894.50 crore Indian rupees or $253 million in Jio Platforms. According to Reliance Industries, the investment values Jio Platforms at an equity value of 4.91 lakh crore and an enterprise value of 5.16...

Rio Tinto Plc (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said Oyu Tolgoi LLC has completed an updated feasibility study (OTFS20) and is in the process of submitting this to the Government of Mongolia. The updated study incorporates a new mine design for Panel 0 of the Hugo Dummett North underground mine at Oyu...

Ford Motor Co. (F) said Thursday that its total sales for the second-quarter declined 33.3 percent, hurt by the ongoing global COVID-19 pandemic. The company's retail was down much less than industry at 14.3 percent, the company said in a statement. Ford's U.S. sales for the second-quarter declined...

Zynga Inc. (ZNGA) said the company has closed the acquisition of Peak. The transaction has a total purchase price of approximately $1.85 billion comprised approximately of equal contributions of cash and Zynga common stock. Peak will continue to be led by founder and Chief Executive Officer Sidar Sahin...

Luxury electric car maker Tesla Inc. (TSLA) announced Thursday that it delivered about 90,650 vehicles in the second quarter of 2020, while producing more than 82,000 vehicles. The deliveries include 80,050 Model 3 sedans and Model Y cross-over SUVs as well as 10,600 Model S and X vehicles. The...

Centogene N.V. (CNTG) said that the U.S. Food and Drug Administration has issued Emergency Use Authorization for the company's SARS-CoV-2 RT-PCR test. The company noted that its SARS-CoV-2 RT-PCR test is a real-time test based on the reverse transcription polymerase chain reaction (RT-PCR) for the...

The BBC will cut 450 employees working on in its regional programs in England, the broadcaster announced on its website. The job cut is part of the corporation's efforts to reduce costs due to the impact of the coronavirus pandemic. The proposed cuts are said to be on top of the 450 job cuts previously...

Swiss pharma company Helsinn Group and MEI Pharma, Inc. (MEIP) announced Thursday that they have decided to discontinue the recruitment of patients and end the Phase 3 Study with Pracinostat in Acute Myeloid Leukemia (AML) following an interim analysis. The interim futility analysis demonstrated that...

Coty Inc. (COTY) announced the appointment of Sue Nabi as Chief Executive Officer, effective September 1, 2020. Peter Harf will be elevated to the role of Executive Chairman. The company said, as CEO, Sue Nabi will spend considerable time in Coty's global business offices in Amsterdam, London, New...

Ford Motor Company (F) said the company will reveal the all-new Ford Bronco 4x4 SUV lineup on July 13 across Disney's Media Networks. The Bronco Family will be revealed across ABC, ESPN, National Geographic and Hulu. This marks the first time Disney CreativeWorks, Disney's creative agency, is deploying...

Energy technology company Baker Hughes (BKR) announced Thursday a decline in its worldwide rig count sequentially and from June 2019. The worldwide rig count for June 2020 was 1,073, down 103 from the 1,176 counted in May 2020, and down 1,148 from the 2,221 counted in June 2019. Baker Hughes international...

At its constitutive meeting, the Court-appointed preliminary creditors' committee in the preliminary insolvency proceedings relating to the assets of Wirecard AG has unanimously confirmed Dr. jur. Michael Jaffé from the law firm JAFFÉ Rechtsanwälte as the preliminary insolvency administrator. The preliminary...

ENGIE (ENGQF.PK, ENGIY.PK) has agreed to sell 49% equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong (HASI). ENGIE will retain a controlling share in the portfolio and continue to manage the assets. Hannon Armstrong will take immediate ownership of 49% of 663 megawatts of commissioned...

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