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Luxury fashion house Ralph Lauren Corp. (RL) said it has made a minority investment in Natural Fiber Welding, Inc., a sustainable material science startup. Ralph Lauren noted that recycled cotton is often unsuitable for use in new cotton apparel due to the short fibers created during recycling. Founded...

Alcoa (AA) has reached an agreement with the workers' representatives for the San Ciprin aluminum plant in Spain to extend the deadline of the formal consultation period for collective dismissal to September 28, 2020. This includes a process to evaluate a potential sale of the aluminum plant to GFG Alliance....

Kroger Health, the healthcare division of Kroger Co. (KR), announced Thursday the launch of COVIDCare Plus, an employer-focused COVID-19 testing program. The new initiative combines COVID-19 testing and management with industry-leading healthcare services. It is a complete employer-focused health...

Meredith Corp. (MDP) reported a fourth quarter loss per share from continuing operations before special items of $0.14 compared to profit of $0.85, prior year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.29, for the quarter. Analysts' estimates...

British drug major AstraZeneca Plc (AZN, AZN.L) said Thursday that it has made the first shipment of Flumist Quadrivalent (Influenza Vaccine Live, Intranasal) doses in the U.S. for the 2020-2021 influenza season. Flumist Quadrivalent, the only nasal-spray flu vaccine, is indicated for those aged...

Thermo Fisher Scientific Inc. (TMO) said the company's offer to acquire all of the ordinary shares of QIAGEN N.V. (QGEN) has lapsed as the minimum acceptance threshold condition to the offer has not been satisfied. Thermo Fisher has terminated the acquisition deal with QIAGEN, and QIAGEN will pay to...

Insurance technology firm Vertafore announced Thursday that it will be acquired by diversified technology company Roper Technologies, Inc. (ROP) from Bain Capital Private Equity and Vista Equity Partners. The financial terms of the deal were not disclosed. The acquisition is expected to close in the...

Brookfield Asset Management Inc. (BAM, BAM-A.TO) on Thursday reported a net loss for the second quarter attributable to shareholders of $656 million or $0.43 per share, compared to net income of $399 million or $0.24 per share in the year-ago quarter. Funds from operations or FFO for the quarter were...

While reporting financial results for the fourth quarter on Thursday, luxury accessories and lifestyle brand Tapestry Inc. (TPR) said it is not providing detailed guidance for fiscal 2021, due to the dynamic nature of the Covid-19 crisis and lack of visibility. The company also announced an acceleration...

3M (MMM) reported that its total sales for July increased 6 percent year-on-year to $2.8 billion. Organic local-currency sales increased 3 percent. Total sales increased 29 percent in Health Care, 9 percent in Consumer, and 6 percent in Safety and Industrial, while Transportation and Electronics...

Japanese conglomerate Mitsubishi Corp. (MBC.L, MSBHY.PK) reported Thursday that its first-quarter profit attributable to owners of the parent fell 77.3 percent to 36.66 billion yen from last year's 161.24 billion yen. Earnings per share were 24.74 yen, down from 101.69 yen last year. Profit before...

Dutch life insurer Aegon NV (AGN.L, AEG) reported Thursday that for the first half of 2020, its net income fell 67 percent to 202 million euros from 617 million euros a year ago, reflecting one-time charge from assumption changes in the U.S. Fair value gains in the first half of the year were 680...

GVC Holdings Plc (GMVHY.PK, GMVHF.PK) reported profit before tax of 24.8 million pounds for the six months ended 30 June 2020 compared to a loss of 12.3 million pounds, previous year. Loss per share was 1.0 pence compared to a loss of 0.6 pence. Underlying pretax profit declined to 55.4 million pounds...

Swedish Insurer Swiss Life (SZLMY.PK, SLHN.VX) Thursday said its net profit for the half year slid by 13 percent to 537 million Swiss francs. The Group said the results also reflect a positive one-off tax effect in the context of the Swiss corporate tax reform in the previous year. The Group's adjusted...

Renishaw (RSW.L) reported a 97% decline in fiscal 2020 statutory profit before tax that totaled £3.2 million versus £109.9 million last year. On a per share basis, earnings totaled 0.4p per share compared to 126.7p per share in the previous year. Adjusted profit before tax amounted to £48.6 million...

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