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Bombardier Inc. (BBD.B.TO) announced Monday that its rail technology division Bombardier Transportation has received contract to supply 201 metro cars and signalling for the Agra-Kanpur Metro lines in India. The company has received a Letter of Award or LoA from India's Uttar Pradesh Metro Rail Corp....

As per an article published in the Financial Times, Deutsche Bank AG (DB) Chief Financial Officer James von Moltke stated that the company remains on track to meet its financial targets for fiscal 2020. However, he noted that the crisis created by the pandemic has resulted in some delay to its planned...

Geberit Group (GBERY.PK, GBERF.PK) reported that, in the first half of 2020, net sales decreased by 9.8% to 1.468 billion Swiss francs. This includes negative currency effects totalling 87 million francs. In local currencies, sales figure declined by 4.5%. The Group noted that, since mid-March, the construction...

Uber Technologies Inc. (UBER) has agreed to acquire Postmates Inc. in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the U.S., according to media reports citing people familiar with the matter. Pierre-Dimitri Gore-Coty, the Vice President of Uber Eats, is...

Rentokil Initial plc (RTO.L) announced that Stuart Ingall-Tombs, currently Chief Financial Officer of the company's North America region, would succeed Jeremy Townsend as Chief Financial Officer of the company on 15th August 2020. Jeremy Townsend has planned to retire from the company, and would step...

Aviva plc (AV.L, AV) announced Monday the appointment of Amanda Blanc as Chief Executive Officer with immediate effect. She succeeds Maurice Tulloch, the previous Chief Executive, who has stepped down from the role and retired from his position on the Board citing family health reasons. Blanc is...

Endologix, Inc. (ELGX), a developer of innovative treatments for aortic disorders, announced Monday that it has initiated a voluntary Chapter 11 case, to address financial challenges resulting from COVID-19 and the related delays in elective medical procedures. The company simultaneously filed a consensual...

Ascentage Pharma said that it reached a clinical collaboration with Merck & Co (MRK) to evaluate the combination of APG-115, Ascentage's MDM2-p53 inhibitor, and KEYTRUDA or pembrolizumab, Merck's anti-PD-1 therapy, for the treatment of patients with advanced solid tumors. As per the deal, Ascentage...

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...

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