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Masco Corp. (MAS) has entered into an agreement to sell Masco Cabinetry to ACProducts, Inc., owned by American Industrial Partners, for $1.0 billion, consisting of $850 million in cash and preferred stock issued by a holding company of the buyer with a liquidation preference of $150 million. Masco...

Promedior Inc., a privately held clinical-stage biotechnology company based in Lexington, Massachusetts, has agreed to be acquired by Roche (RHHBY) in a deal with total transaction value of up to $1.39 billion. Roche will make an upfront cash payment of $390 million, plus additional contingent payments...

J. C. Penney Co., Inc. (JCP) reported Friday a third-quarter net loss of $93 million, or $0.29 per share, narrower than a net loss of $151 million, or $0.48 per share in the prior-year quarter. Excluding items, adjusted net loss for the quarter was $97 million, or $0.30 per share, compared to an adjusted...

Rigel Pharmaceuticals Inc. (RIGL) said that the Committee for Medicinal Products for Human Use or CHMP, the scientific committee of the European Medicines Agency, has adopted a positive opinion for Rigel's Marketing Authorization Application for fostamatinib disodium hexahydrate (fostamatinib) for the...

Roche (RHHBY) said that the EU Committee for Medicinal Products for Human Use or CHMP has adopted a positive opinion for Polivy (polatuzumab vedotin) in combination with bendamustine plus MabThera (rituximab) (BR) for the treatment of adults with relapsed or refractory (R/R) diffuse large B-cell lymphoma...

Noble Energy, Inc. (NBL) announced the sale of essentially all of its remaining U.S. onshore midstream interests and assets to Noble Midstream Partners LP (NBLX) and the elimination of the company's Incentive Distribution Rights for a total value of $1.6 billion. The consideration includes an estimated...

resTORbio, Inc., (TORC) said that data from the PROTECTOR 1 Phase 3 study, which evaluated the safety and efficacy of RTB101 in preventing clinically symptomatic respiratory illness in adults age 65 and older, did not meet its primary endpoint. It has stopped the development of RTB101 in this indication....

Novartis (NVS) said that the Committee for Medicinal Products for Human Use or CHMP of the European Medicines Agency or EMA adopted a positive opinion for Mayzent for the treatment of adult patients with secondary progressive multiple sclerosis or SPMS with active disease evidenced by relapses or imaging...

A.P. Møller - Mærsk A/S (AMKAF.PK, AMKBF.PK) reported third-quarter profit from continuing operations of $520 million compared to a loss of $173 million, last year. EBITDA increased by 14 percent to $1.7 billion, reflecting an EBITDA margin of 16.5 percent compared to 14.3 percent. Underlying profit...

AstraZeneca (AZN.L, AZN) reported that the European Commission has approved Qtrilmet modified-release tablets to improve glycaemic control in adults with type-2 diabetes. The EC has approved Qtrilmet to improve glycaemic control in adults with type-2 diabetes when metformin with or without sulphonylurea...

Rio Tinto (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said that it will support the uranium producer Energy Resources of Australia Limited's or ERA plans for a renounceable entitlement offer to raise $324 million or A$476 million for the rehabilitation of the Ranger Project Area in Australia's Northern Territory. Rio...

Dolby Laboratories Inc. (DLB) reported that its fourth quarter GAAP net income rose to $43.9 million or $0.43 per share, from $26.7 million, or $0.25 per share last year. On a non-GAAP basis, fourth quarter net income was $67.6 million or $0.66 per share, compared to $23.5 million, or $0.22 per share...

Alibaba Group Holding Limited (BABA) said that it launched its Hong Kong public offering, which forms part of the global offering of 500 million new ordinary shares and listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code "9988. The company...

Applied Materials, Inc. (AMAT) reported that its fourth-quarter net income declined to $698 million or $0.75 per share from $757 million or $0.77 per share in the prior year. Non-GAAP adjusted earnings per share was $0.80 compared to $0.85 last year. Net sales for the quarter were $3.75 billion...

Lionsgate's movies will be launched on Amazon Prime Video in the UK Beginning 1st January 2020, Amazon said. The multi-year deal between the two companies will enable Prime members in the UK, or those subscribing to the monthly standalone Prime Video service offer, to access Lionsgate hits like Angel...

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