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Avon Products, Inc. (AVP) said the company is in advanced discussions with Natura & Co. regarding a possible all-stock deal. Avon said it does not intend to make any additional comments. Earlier on Wednesday, Natura Cosméticos S.A. said the company is in talks with Avon regarding an all-share merger....

Qualcomm Inc. (QCOM) said that it strongly disagreed with the ruling of U.S. District Court in favor of the Federal Trade Commission's suit alleging the mobile chips maker illegally suppressed competition. Qualcomm said it will immediately seek a stay of the district court's judgment and an expedited...

Stein Mart, Inc. (SMRT), an off-price retailer, on Wednesday reported a 45.8 percent decline in profit for the first quarter from last year, reflecting lower sales. Comparable sales for the quarter decreased 1.7 percent. Net income for the first quarter of 2019 decreased to $3.97 million or $0.08...

Mylan N.V. (MYL) and Biocon Ltd. said Wednesday that Health Canada has approved Mylan's Ogivri, or trastuzumab, a biosimilar to Herceptin, for the treatment of HER2-overexpressing breast cancer and metastatic stomach cancer (gastric or gastroesophageal junction adenocarcinoma). Mylan co-developed Ogivri...

Analog Devices Inc. (ADI) reported that its net income for its second quarter of fiscal 2019 declined to $367.94 million or $0.98 per share from $400.33 million or $1.06 per share in the same quarter last year. Adjusted earnings per share was $1.36 down from $1.50 in the previous year. Analysts polled...

Genuine Parts Company (GPC) entered the final phase of its Inenco Group acquisition with the signing of a definitive deal to acquire the remaining 65% stake of Inenco. Headquartered in Sydney, Australia, Inenco Group is a leading industrial distributor of bearings, power transmission and seals. Genuine...

Aurubis AG (AIAGY.PK, AIAGF.PK) has reached an agreement with Metallo Holdings 3 B.V. for the acquisition of Metallo Group. The enterprise value for the deal is 380 million euros. Metallo is a recycling and refining company with sites in Belgium and Spain. It specializes in recovering non-ferrous...

While reporting financial results for the first quarter on Wednesday, Advance Auto Parts Inc. (AAP) maintained its sales and comparable store sales guidance for the full-year 2019. For fiscal 2019, the company continues to project full year net sales in a range of $9.65 billion to $9.80 billion and...

Amended: corrects revenue estimate figures for the third quarter. While reporting financial results for the second quarter on Wednesday, Photronics, Inc. (PLAB) provided earnings and revenue guidance for the third quarter and the full-year 2020. For the third quarter, Photronics expects earnings...

Home improvement retailer Lowe's Companies, Inc. (LOW) reported Wednesday a first-quarter net earnings of $1.05 billion or $1.31 per share, higher than $988 million or $1.19 per share in the prior-year quarter. Excluding a tax benefit and operating costs associated with the Mexico retail operations,...

Commerzbank (CRZBY.PK) announced the Bank continues to expect higher underlying revenues for the current fiscal year. The company continues to reduce costs, and expects it to be below 6.8 billion euros at the end of the fiscal year. Martin Zielke, Chairman of the Board of Managing Directors of Commerzbank,...

Speaking at the AGM, Christopher Delbrück CFO of Uniper SE, said 2019 will be a transitional year for the company in terms of cash flow and earnings performance. The Group's key performance indicators are currently in line with its view. Uniper remains confident that it will achieve fiscal 2019 targets....

Acacia Mining plc (ACA.L) said Wednesday that it has received an update today from Barrick Gold Corp. (ABX, ABX.TO) on the status of Barrick's negotiations with the Government of Tanzania to seek to identify a proposed resolution to Acacia's disputes with the GoT. However, Acacia noted that it remains...

Aerospace and defence company Babcock International Group PLC (BAB.L) on Wednesday reported profit before tax of 235.2 million pounds for the year ended 31 March 2019, down 39.9 percent from 391.1 million pounds in the previous year. Earnings per share were 39.5 pence, down from 66.6 pence last year....

Specialist asset manager Intermediate Capital Group plc (ICP.L) reported Wednesday that its profit before tax for the year ended 31 March 2019 declined 8 percent to 182.9 million pounds from 199.1 million pounds in the prior year. However, adjusted Group profit before tax for the year increased 65...

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