WASHINGTON, Oct 24 (Reuters) - The U.S. State Department has approved the potential sale of TOW missiles to Saudi Arabia for an estimated cost of $440 million, the Pentagon said on Thursday. The principal contractor will be RTX Corp ( RTX ), the Pentagon said. ...

NEW YORK, Oct 24 (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the U.S. Federal Trade Commission in an industry where merger challenges are rare. The FTC argued at an eight-day trial in New York that the merger would eliminate fierce head-to-head competition...

03:08 PM EDT, 10/24/2024 (MT Newswires) -- Marinus Pharmaceuticals ( MRNS ) shares plunged nearly 82% in recent Thursday trading after the company said its phase 3 trial of oral ganaxolone failed to meet its main goal and announced plans to reduce costs and explore alternatives for the business. Marinus was studying the drug as a treatment for seizures associated...

03:13 PM EDT, 10/24/2024 (MT Newswires) -- Acuity Brands ( AYI ) said Thursday it has agreed to acquire audio, video and control platform QSC for about $1.22 billion in a bid to expand its intelligent spaces business. The QSC platform offers applications across markets including education, commercial, hospitality, government, healthcare and transportation. QSC, which is headquartered in Costa Mesa,...