Drugmakers Abbott Laboratories (ABT.N) and Mylan Inc (MYL.O) on Wednesday declined to explain in detail why they changed the terms of a $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and reincorporate for tax purposes in the Netherlands.
Sectors
Digital River to be acquired by investor group for $840 million
E-commerce services provider Digital River Inc said on Thursday it entered into an agreement to be acquired by an investor group led by Siris Capital Group LLC for about $840 million.
BNY Mellon China JV gets regulator approval for exit of U.S. partner
A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.
Airbnb valued at $13 billion as it discusses employee stock sale: WSJ
Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.
Microsoft sales beat Street hopes, cloud profits up
Microsoft Corp (MSFT.O) reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.
Latest News
Auto parts maker Delphi Automotive Plc (DLPH.N) is looking to sell its business that makes heating and cooling systems for cars, and will seek as much as $1 billion, Bloomberg reported, citing people with knowledge of the matter.
Private equity firms are circling Bayer's (BAYGn.DE) 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said on Wednesday.
Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between U.S. aerospace companies and Iran since the 1979 U.S. hostage crisis.
A consortium of buyout firms Advent International Corp and Avista Capital Partners is in advanced talks to acquire UCB SA's (UCB.BR) U.S. generic drugs unit Kremers Urban Pharmaceuticals Inc, according to people familiar with the matter.
The U.S. Federal Communications Commission on Wednesday paused its informal "shot clock" deadline on the reviews of the proposed mergers of AT&T Inc (T.N) and DirecTV (DTV.O) and of Comcast Corp (CMCSA.O) and Time Warner Cable Inc (TWC.N) over the issue of confidential programming agreements.
GOOGL.O) launched an email service called "Inbox" on Wednesday that will better organize emails and display information such as appointments, flight bookings and package deliveries in a more user-friendly way.
Chinese e-commerce giant Alibaba Group Holding Ltd is looking to expand its entertainment content offering on its Internet television set-top boxes through deals with studios in the United States, Bloomberg reported, citing people familiar with the matter.
A top Toyota Motor Corp (7203.T) executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp (7312.T) despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.
Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.
