Leading coatings company, $PPG whose 2014 reported net sales were $15.4Bil, declared force majeure on the production of architectural, residential & specialty glass products for its clients in Western US and Canada due to unexpected mechanical production issues in its flat glass manufacturing facility located at Fresno, California.
For 2017, $ENDP expects US Generics base business revenue decline to be similar to 2016 or in the low 30% range. Generics segment sales are expected to decline in the high-single to low-double digit range. In US Generics business, $ENDP estimates to realize approx. $75MM in annual net savings and launch at least 20 products in 2017.
$EQIX agreed for the purchase of ICT-Center AG, Zurich's data center operating business in Zurich, Switzerland for less than $5MM. The agreement was signed on Feb. 1, 2017 and the acquisition is expected to close sometime in early April 2017.