Valeant Files Overdue Annual Report, Resolving Risk of Default

Valeant Pharmaceuticals International Inc. filed its overdue annual report on Friday morning, resolving the looming danger of debt default for the Canadian company.

 
Rovi to Buy TiVo in $1.1 Billion Deal

Rovi Corp. said it would acquire TiVo Inc. for about $1.1 billion, a tie-up that comes as consumers are increasingly changing how they watch videos.

 
Moody's Results Hurt by Decline in Bond Issuance

Moody's Corp. on Friday slashed its guidance for the year and reported profit plummeted 20% as a decline in global bond issuance dented results in the most recent quarter.

 
AMC Entertainment Profit Climbs

AMC Entertainment Holdings Inc., in the midst of a deal to merge with Carmike Cinemas Inc., reported better-than-expected profit in the latest quarter as revenue rose sharply.

 
Legg Mason Swings to a Loss, Hurt by Volatile Markets

Legg Mason swung to a loss in its most recent quarter, the latest asset manager to report results bruised by volatile markets.

 
Cypress Semi Says CEO to Step Down; Buying Broadcom Business

Cypress Semiconductor Corp. said its chief executive, T.J. Rodgers, would step down as it also said it would pay $550 million to buy Broadcom Ltd.'s wireless Internet of Things business.

 
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 Loses Nearly $900 Million in First Quarter 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.

 
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.

 
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.

(END) Dow Jones Newswires

April 29, 2016 08:30 ET (12:30 GMT)

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