Malaysia's indebted and controversy-ridden state investor 1MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said.
HBO is in talks with Apple Inc to be its launch partner for the highly anticipated HBO Now video streaming service, according to a report in Wednesday's International Business Times.
International Business Machines Corp said on Wednesday it had acquired AlchemyAPI, a fast-growing startup selling software that collects and analyzes unstructured text and data in ways big enterprises, website publishers and advertisers find useful.
Swiss cement maker Holcim (HOLN.VX) is considering offering its shareholders a sweetener to win their approval for a planned merger with France's Lafarge (LAFP.PA), a Swiss newspaper reported on Sunday without citing a source.
Warehouse club Costco Wholesale Corp (COST.O) has chosen Citigroup Inc (C.N) and Visa Inc (V.N) to run its co-branded credit card starting next year, replacing American Express Co (AXP.N), which lost the coveted tie-up last month.
German utility RWE (RWEG.DE) on Monday closed the sale of its oil and gas production unit DEA [RWEDE.UL] to Russian billionaire Mikhail Fridman, ending months of uncertainty over whether the 5.1 billion euro ($5.7 billion) deal would go ahead.
France's Orange and Italy's telecom operator Telecom Italia have been discussing a possible alliance between the former monopolies, Orange's chief executive told the Journal de Dimanche.
NXP Semiconductors NV is close to a deal to acquire smaller peer Freescale Semiconductor Ltd in a $40 billion cash and stock merger that will reshape the semiconductor industry, according to two people familiar with the matter.
The French government loaned Egypt 3.2 billion euros to finance the recent multibillion-euro purchase of French military equipment, Egypt's president Abdel Fattah al-Sisi said in an interview on al-Arabiya TV on Saturday.
NTT Communications Corp is in talks to acquire German data center provider e-shelter for about 100 billion yen ($836 million), according to a source familiar with the matter.
Nikon (7731.T), the 98-year-old Japanese company best known for its cameras, has agreed to buy British retinal imaging firm Optos (OPTS.L) for 259.3 million pounds ($400 million) as it moves into the medical sector.
German utility RWE (RWEG.DE) said on Friday that completion of the sale of its oil and gas unit DEA [RWEDE.UL] to Russian tycoon Mikhail Fridman was imminent, following a media report that it would be concluded on Monday.
The U.S. Navy has awarded a joint venture of Lockheed Martin Corp (LMT.N) and Sikorsky Helicopter a contract worth $2 billion to service the Navy's H-60 helicopters through Jan. 31, 2020, the Pentagon announced on Friday.
Ant Financial Services Group, Alibaba's affiliate which runs online payment platform Alipay, is seeking to raise up to $4 billion in a private placement of shares and is looking at a domestic IPO in 2017, the state-run Shanghai Securities News reported.
Sky Sports has agreed to a four-year deal to broadcast live Major League Soccer, the British broadcaster and North American league said on Wednesday.
Subscribe to VCpost newsletter
- Herbalife cuts pay of CEO Johnson 36 percent after missed targets
- Costco ties up with Citigroup, Visa for U.S. co-branded cards
- Qatar Airways interested in more airline stakes
- IEX hires ex-NYSE regulator as it readies to be a stock exchange
- Barnes & Noble to keep Nook business, spin off college books unit
- Reality hits North Dakota's pricey apartment market; rents drop
- HBO in talks with Apple to launch video streaming service: report
- German industrial orders plunge, darkening first-quarter growth outlook