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CPI Aerostructures, Inc. (CVU) reported Friday that its fourth-quarter net income was $1.3 million, compared to last year's net loss of $1.4 million. Earnings per share were $0.11, compared to loss per share of $0.12. Gross profit grew to $4.6 million from prior year's $2.5 million. Gross margin of...

Carnival Corporation & plc (CCL, CCL.L, CUK) announced Friday that its German cruise line AIDA Cruises will offer new cruises in Greece from May 23 through October The 7-day cruises will depart from Corfu and travel through the Greek islands to Crete and Rhodes, as well as to Katakolon in Olympia...

Vonovia (DAIMF) said the company is expecting good business performance to continue in 2021, and planning for a turnover increase to between 4.9 and 5.1 billion euros. At the AGM, the company's proposal for the dividend is 1 euro and 69 cents per share. This is around 8 percent more than last year. At...

German consumer goods maker Henkel AG & Co. KGaA (HENOY, HENKY) reported Friday good start into 2021 with first-quarter development above market expectations. Despite these uncertainties, the company is aiming to return to sales and earnings growth in 2021. Based on preliminary figures, the company...

Covestro (CVVTF.PK) said it entered the fiscal year 2021 with good impetus. The company expects a significant increase over pre-pandemic results from 2019. The Board of Management and the Supervisory Board are proposing a dividend of 1.30 euros per share for the past fiscal year 2020. CFO Thomas Toepfer...

Saint-Gobain (CODGF.PK) agreed to sell 67% of its Pipe business in China to a consortium led by local management. The transaction should close during summer 2021 and values the company at around 100 million euros. PAM China comprises a production facility in Ma'anshan, in the country's eastern region,...

Man Group plc (MNGPF.PK, MNGPY.PK, EMG.L) Friday reported that its first-quarter funds under management or FUM was $127.0 billion as of March 31, higher than $104.2 billion last year. Sequentially, FUM increased 3 percent from $123.6 billion as of December 31, 2020. The growth was driven by net...

ING Group (ING) Friday announced its plan to separate the Management Board Banking roles for technology and operations. The company appointed Ron van Kemenade as member of the Management Board Banking and chief technology officer, effective May 1. Further, Roel Louwhoff, chief operations officer...

Bausch Health Companies Inc. (BHC), Bausch + Lomb, and Nicox announced VYZULTA, 0.024%, has received regulatory approval from the Brazilian Health Regulatory Agency. It is indicated for the reduction of intraocular pressure in patients with open-angle glaucoma or ocular hypertension. The approval of...

Genentech, a member of the Roche Group (RHHBY), said new analyses showed that early treatment with Ocrevus or ocrelizumab may significantly control disease progression in both relapsing-remitting multiple sclerosis and in primary progressive multiple sclerosis. Controlling progression can enable people...

United Rentals Inc. (URI) said that it agreed to buy General Finance Corp. (GFN) for $19 per share in cash, representing a total enterprise value of about $996 million, including the assumption of $400 million of net debt. The transaction is expected to be accretive to earnings per share and free...

Nestlé S.A. (NSRGY.PK, NSTR.L) said that its shareholders approved all of the Board of Directors' proposals at the 154th Annual General Meeting. It included the election of Lindiwe Majele Sibanda to the Board of Directors. Ursula Burns, a Nestlé Board member since 2017, did not stand for re-election. Nestlé...

Inovio Pharmaceuticals Inc. (INO) said that its DNA vaccine candidate for COVID-19, INO-4800, provided broad cross-reactive immune responses in humans against variants of concern. The results in new study showed that INO-4800 induced a robust T cell response against all spike protein variants tested,...

Autodesk, Inc. (ADSK) has signed a definitive agreement to acquire Upchain, a provider of instant-on, cloud-based product lifecycle management and product data management solutions. The acquisition is subject to customary closing conditions and is expected to close during the company's second quarter...

Delta Air Lines (DAL, DALRQ.PK) reported an adjusted pre-tax loss of $2.9 billion for the March quarter 2021 compared to profit of $831 million for March quarter 2019. Loss per share was $3.55 compared to $0.96. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per...

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