Sanofi CEO Seeks Talks With Medivation Over $9.3 Billion Offer 

Medivation, a Nasdaq-listed company that focuses on hard-to-treat cancers, has rebuffed a takeover approach by the French drugmaker.

 
Telefónica First-Quarter Profit Tumbles on Currency Woes 

Spanish telecommunications giant Telefónica said first-quarter net profit fell by more than half on weaker revenue in Latin America because of currency upheaval.

 
Eni Posts Loss Amid Oil Price Rout 

Italian oil company Eni's earnings were hurt by accounting changes related to disposals and low crude oil prices.

 
RBS First-Quarter Loss Doubles 

Royal Bank of Scotland said its net loss in the first quarter more than doubled, following hefty restructuring charges and a one-off payment to the U.K. government.

 
Casino Sells Vietnamese Assets for $1.1 Billion 

Groupe Casino has agreed to sell Big C Vietnam to Thailand's Central Group in a deal valued at $1.14 billion, marking a further step in the French grocer's plans to cut its debt.

 
AB InBev Offers to Sell More SABMiller Brands 

Anheuser-Busch InBev has offered to sell SABMiller's Central and Eastern European brands, including Pilsner Urquell, ahead of a decision by the European Commission on whether to approve its acquisition of the London-based brewer.

 
AstraZeneca's Investment Eats Into Profit 

AstraZeneca said core profit fell in the first quarter even as revenue rose, as it plowed heavy investment into the development of a string of new drugs it is betting on for growth.

 
BASF Confirms Gloomy Outlook 

BASF CEO warned shareholders that low global oil prices would continue to squeeze profitability at the German company during the current year.

 
IAG Shares Drop as Growth Target Cut 

International Consolidated Airlines Group said it cut its growth plans and would accelerate cost savings to soften the impact on bookings from the terror attacks in Brussels, as it swung to a first-quarter net profit.

 
Puma First-Quarter Profit Rises on Strong Footwear Sales 

German sporting goods firm Puma said first-quarter profit rose 4%, boosted by strong footwear sales.

 
French Tells Eight Car Makers to Cut Emissions 

French authorities have asked eight car manufacturers to present plans to reduce emissions levels for vehicles that failed tests carried out in the wake of the Volkswagen emissions-cheating scandal

 
Apollo Education Doesn't Have Enough Votes Yet to Approve Sale 

Apollo Education Group Inc. said it hasn't yet received enough shareholder votes to approve its planned $1.1 billion sale, and adjourned a shareholder meeting from Thursday until May 6.

 
Amazon Delivers 4th Straight Profit 

Amazon swung to a better-than-expected first-quarter profit-its largest ever for a quarter-as the company benefited from surging growth in its Web services division.

 
Alere Says It Rejected Abbott Offer to Terminate Merger Deal 

Alere, which is grappling with foreign corruption probes, said it recently rejected an offer of up to $50 million by Abbott Laboratories to terminate their $5.8 billion agreement.

 
Baidu's Profit Falls While Revenue Climbs 

Baidu's profit fell 18.9% in the first quarter even as revenue jumped, as the Chinese Internet company reorganized and spent more on services outside its core search business.

 
Caterpillar to Close Five Plants, Shed 820 Jobs 

Caterpillar said Thursday it will close five U.S. plants and shed about 820 positions as the construction equipment maker continues to scale back its production and work force in response to falling demand.

(END) Dow Jones Newswires

April 29, 2016 06:09 ET (10:09 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.